Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Market dynamics continue to deteriorate and there are plenty of reasons to be concerned, which we outline below.</li>
<li>With that said, the bottom line is that the Russell 2000 index (IWM) is above $208 support and the Russell Micro Caps index (IWC) is above $135 support.</li>
<li>As long as these supports hold we expect more consolidation and mixed markets ahead, but we would turn bearish on breakdowns.</li>
</ul>


Market dynamics continue to deteriorate and there are plenty of reasons to be concerned, which we outline below.
With that said, the bottom line is that the Russell 2000 index (IWM) is above $208 support and the Russell Micro Caps index (IWC) is above $135 support.
As long as these supports hold we expect more consolidation and mixed markets ahead, but we would turn bearish on breakdowns.


Supports Holding Despite Concerning Developments; Semis & Home Improvement Retailers Attractive

<p>As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical value areas of the market have staying power. Considering the lack of breakouts or breakdowns in key cyclical areas of the market, our neutral outlook remains intact. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Financials, and Manufacturing: Retailers, Auto Parts, Canadian Banks, and Building Products and Fixtures.</p>

As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical value areas of the market have staying power. Considering the lack of breakouts or breakdowns in key cyclical areas of the market, our neutral outlook remains intact. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Financials, and Manufacturing: Retailers, Auto Parts, Canadian Banks, and Building Products and Fixtures.

U.S. Equity Strategy: One Step Forward, One Step Back

United States

Armstrong World Industries, Inc. provides home improvement solutions. The Company offers ceilings, walls, roof deck, and plasterform castings for commercial spaces and homes. Armstrong World Industries serves customers worldwide.

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Armstrong World Industries (AWI US)

Supports Holding Despite Concerning Developments; Semis & Home Improvement Retailers Attractive

Market dynamics continue to deteriorate and there are plenty of reasons to be concerned. However, the bottom line is that Russell 2000 (IWM) is...

Vermilion Research

U.S. Equity Strategy: One Step Forward, One Step Back

As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)