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>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment</li>
<li>Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which generally coincides with the 50-day MA.</li>
<li>Short-Term supports to watch on ACWI-US include the 6-month uptrend (currently at $139.40), the 50-day MA (currently $137.95), and $135.70.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment
Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which generally coincides with the 50-day MA.
Short-Term supports to watch on ACWI-US include the 6-month uptrend (currently at $139.40), the 50-day MA (currently $137.95), and $135.70.


Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

Royal Bank Of Canada / Technical Analysis

<ul>
<li>The SPX is breaking out after several months of consolidation. Same with the MSCI ACWI index. We are upgrading our outlook on global equities (MSCI ACWI) to bullish.</li>
<li>Breakouts could mean other countries are getting ready to break out, but the U.S. (S&amp;P 500) remains our only country overweight</li>
<li>Moreover, major indexes in the next two largest global equity markets (Europe and Japan) remain below critical resistances of 5000-5120 on the EURO STOXX 50 and 2740-2820 on the TOPIX.</li>
</ul>


The SPX is breaking out after several months of consolidation. Same with the MSCI ACWI index. We are upgrading our outlook on global equities (MSCI ACWI) to bullish.
Breakouts could mean other countries are getting ready to break out, but the U.S. (S&amp;P 500) remains our only country overweight
Moreover, major indexes in the next two largest global equity markets (Europe and Japan) remain below critical resistances of 5000-5120 on the EURO STOXX 50 and 2740-2820 on the TOPIX.


S&P 500 and MSCI ACWI Breaking Out; Upgrading MSCI ACWI to Bullish; Buys in Services, Financials

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Equity Bottom-Up

<ul>
<li>Many analysts have a bullish outlook on The Bank of Nova Scotia's stock, which is arguably warranted.</li>
<li>But plenty of risk factors are being overlooked, and late payments are mounting with short-term retail obligations in particular focus.</li>
<li>Scotiabank's emerging market strategy could present compelling trend growth.</li>
</ul>


Many analysts have a bullish outlook on The Bank of Nova Scotia's stock, which is arguably warranted.
But plenty of risk factors are being overlooked, and late payments are mounting with short-term retail obligations in particular focus.
Scotiabank's emerging market strategy could present compelling trend growth.


Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

Bank of Nova Scotia / Equity Capital Markets

<ul><li>The Bank of Nova Scotia's results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Most of their retail loan portfolio is secured, while most of their corporate lending book is investment grade.</li><li>Moreover, they continue focusing on priority customer segments in International Banking, strengthening digital and customer experience to increase customer primacy and long-term deposit growth.</li></ul>

The Bank of Nova Scotia's results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.Most of their retail loan portfolio is secured, while most of their corporate lending book is investment grade.Moreover, they continue focusing on priority customer segments in International Banking, strengthening digital and customer experience to increase customer primacy and long-term deposit growth.

The Bank of Nova Scotia: Capital Markets Businesses The Savior In An Otherwise Disappointing Performance – Key Drivers

<ul><li>This is our first report on the Bank of Nova Scotia, one of Canada’s Big Five multinational banking and financial service companies.</li><li>Although banking revenues increased by a solid 11%, overall revenues were down 1% year over year due to reduced noninterest income.</li><li>Mortgage lending increased by 7% while commercial loans increased by 22%, bringing loan growth to 9% year over year.</li></ul>

This is our first report on the Bank of Nova Scotia, one of Canada’s Big Five multinational banking and financial service companies.Although banking revenues increased by a solid 11%, overall revenues were down 1% year over year due to reduced noninterest income.Mortgage lending increased by 7% while commercial loans increased by 22%, bringing loan growth to 9% year over year.

Bank of Nova Scotia: Initiation of Coverage – Business Strategy & Key Drivers

Canada

The Bank of Nova Scotia provides retail, commercial, international, corporate, investment and private banking services and products.

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Bank of Nova Scotia (BNS US)

Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

Expecting Upside to Continue into Early-2026 for Global Equities $ACWI. Discussed Thursday to expect support at the 50-day MA. Actionable Themes:...

Vermilion Research

S&P 500 and MSCI ACWI Breaking Out; Upgrading MSCI ACWI to Bullish; Buys in Services, Financials

$SPX and MSCI $ACWI Breaking Out; Upgrading Outlook on ACWI and SPX to Bullish as of last Fridays close above 5783; Buys in Services, Financials;...

Vermilion Research

Scotiabank: Overlooked Risks Discussed

Many analysts have a bullish outlook on The Bank of Nova Scotia's stock, which is arguably warranted. But plenty of risk factors are being...

Pearl Gray Equity and Research

The Bank of Nova Scotia: Capital Markets Businesses The Savior In An Otherwise Disappointing Performance – Key Drivers

The Bank of Nova Scotia's results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings...

Baptista Research

Bank of Nova Scotia: Initiation of Coverage – Business Strategy & Key Drivers

This is our first report on the Bank of Nova Scotia, one of Canada’s Big Five multinational banking and financial service companies. Although...

Baptista Research

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