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

Global equities (MSCI ACWI) are decisively breaking above 1-month resistance on US-China trade war optimism, incrementally improving the technical picture. While there is some room to move higher in the near-term, we are hesitant to get too excited because several major indexes have additional hurdles to jump. We highlight important technical levels across major averages including Europe/UK (STOXX 600), Hong Kong (Hang Seng), Japan (TOPIX), and several EM countries (China, Brazil, Russia, Taiwan, and India).  Finally, we highlight attractive opportunities within the Consumer Discretionary, Heath Care and Services sectors.

Global equities (MSCI ACWI) are decisively breaking above 1-month resistance on US-China trade war optimism, incrementally improving the technical picture. While there is some room to move higher in the near-term, we are hesitant to get too excited because several major indexes have additional hurdles to jump. We highlight important technical levels across major averages including Europe/UK (STOXX 600), Hong Kong (Hang Seng), Japan (TOPIX), and several EM countries (China, Brazil, Russia, Taiwan, and India).  Finally, we highlight attractive opportunities within the Consumer Discretionary, Heath Care and Services sectors.

Chief Economist, Aletheia Capital

Dr. Jim Walker

Chief Economist

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

If India's demonetisation decision in November 2016 (see Insight, <a href="https://www.smartkarma.com/insights/india-s-demonetisation-the-road-to-hell" target="_blank" rel="noopener">India’s Demonetisation – The Road to Hell</a>) was ill-advised, then the failure to address the banking sector’s problems was doubly so. It is costing the country's growth even more.

If India's demonetisation decision in November 2016 (see Insight, India’s Demonetisation – The Road to Hell) was ill-advised, then the failure to address the banking sector’s problems was doubly so. It is costing the country's growth even more.

After the Reserve Bank of India (RBI) surprised markets earlier this month by cutting repo and reverse repo rates by 35 basis points 10 basis points more than market expectations, Prime Minister Modi now has a fully compliant central bank, operating to support his growth strategy.

After the Reserve Bank of India (RBI) surprised markets earlier this month by cutting repo and reverse repo rates by 35 basis points 10 basis points more than market expectations, Prime Minister Modi now has a fully compliant central bank, operating to support his growth strategy.

The Reserve Bank of India (RBI): A Compliant Central Bank

Grappling with the Indian economy is akin to solving a puzzle of gargantuan proportions, like three blind men describing an elephant each with limited information. The task of the analyst is complicated further by the role of non-tangible factors such as trust in various aspects of the economy. What can the analyst have faith in? The numbers? The market? The banks? The government? These are not questions unusual in emerging economies but India’s size and complexity make it a particularly difficult conundrum and the lack of trust in India's data sets alarm bells ringing.

Grappling with the Indian economy is akin to solving a puzzle of gargantuan proportions, like three blind men describing an elephant each with limited information. The task of the analyst is complicated further by the role of non-tangible factors such as trust in various aspects of the economy. What can the analyst have faith in? The numbers? The market? The banks? The government? These are not questions unusual in emerging economies but India’s size and complexity make it a particularly difficult conundrum and the lack of trust in India's data sets alarm bells ringing.

In India, ‘strong’ governments have been equally guilty of policy missteps as ‘weak’ governments. Strength has proven to be no defence against ill-advised policy decisions. India's demonetisation is a glaring example. Trust in India's policy priorities (not to mention trust in official data and the banking system) – most clearly demonstrated in the demonetisation decision – have earlier forced us to reassess what was our favourable view on India. Maybe in a new policy environment following May’s General Election will we be able to reassess positively but that will not be a short-term outcome.

In India, ‘strong’ governments have been equally guilty of policy missteps as ‘weak’ governments. Strength has proven to be no defence against ill-advised policy decisions. India's demonetisation is a glaring example. Trust in India's policy priorities (not to mention trust in official data and the banking system) – most clearly demonstrated in the demonetisation decision – have earlier forced us to reassess what was our favourable view on India. Maybe in a new policy environment following May’s General Election will we be able to reassess positively but that will not be a short-term outcome.

India's Demonetisation – The Road to Hell

India

BSE Ltd. is Asia's oldest stock exchange, providing a transparent market for trading in equities, debt instruments, derivatives, mutual funds, and other securities. It offers services including listing, trading, clearing, settlement, and data services, and operates platforms for SMEs and mutual fund distribution. The company is headquartered in Mumbai, India, and was founded in 1875.

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Global Equity Strategy: Guarded Optimism

Global equities (MSCI ACWI) are decisively breaking above 1-month resistance on US-China trade war optimism, incrementally improving the technical...

Vermilion Research

India's Bad Debts Are a Festering Sore

If India's demonetisation decision in November 2016 (see Insight, India’s Demonetisation – The Road to Hell) was ill-advised, then the failure to...

Dr. Jim Walker

The Reserve Bank of India (RBI): A Compliant Central Bank

After the Reserve Bank of India (RBI) surprised markets earlier this month by cutting repo and reverse repo rates by 35 basis points 10 basis...

Dr. Jim Walker

India's Data: An Enigma

Grappling with the Indian economy is akin to solving a puzzle of gargantuan proportions, like three blind men describing an elephant each with...

Dr. Jim Walker

India's Demonetisation – The Road to Hell

In India, ‘strong’ governments have been equally guilty of policy missteps as ‘weak’ governments. Strength has proven to be no defence against...

Dr. Jim Walker

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52-week Range

Market Cap (USDm)

P/E

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