Amareos

Federico Bagiotti, CFA

Equity Bottom-Up

BHP - Constructive Neutrality BHP’s motto is “Think Big”. Pertinent given it is the world’s largest mining company. However, in seeming contradiction to its corporate tag line, the recent focus of the company has been towards streamlining its businesses and selling underperforming assets.This corporate diet, so to speak, has had considerable benefits, especially the improvement in profitability, which are widely recognized and BHP’s stock price has been on a solid upward trend since the early…

BHP - Constructive Neutrality BHP’s motto is “Think Big”. Pertinent given it is the world’s largest mining company. However, in seeming contradiction to its corporate tag line, the recent focus of the company has been towards streamlining its businesses and selling underperforming assets.This corporate diet, so to speak, has had considerable benefits, especially the improvement in profitability, which are widely recognized and BHP’s stock price has been on a solid upward trend since the early…

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Chart postures for copper and steel are looking precarious to the point where we are starting to see warning signals flash for the miners. China still shows good underlying growth but may be in the back burner during a more turbulent Q2 per our global cycle scenario. We run through a global miners index that is teetering on a break down amid an already weak structure for H share materials sector.Copper is the first place we see some cracks developing and the break below 3.06 support represents a…

Chart postures for copper and steel are looking precarious to the point where we are starting to see warning signals flash for the miners. China still shows good underlying growth but may be in the back burner during a more turbulent Q2 per our global cycle scenario. We run through a global miners index that is teetering on a break down amid an already weak structure for H share materials sector.Copper is the first place we see some cracks developing and the break below 3.06 support represents a…

It is time to look at copper again. Our recent long from 288 was sold at 320 and a well behaved pulled has followed. China A shares have powered higher but left H shares in the dust primarily due to narrowing breadth, a weaker materials sector and banks trading sideways. When looking at copper we see a positive chart pattern that is expected to put a floor in the decline in metal shares which in turn may help mend the breadth issues plagued the HSCEI.Copper's bull wedge noted in the daily cycle…

It is time to look at copper again. Our recent long from 288 was sold at 320 and a well behaved pulled has followed. China A shares have powered higher but left H shares in the dust primarily due to narrowing breadth, a weaker materials sector and banks trading sideways. When looking at copper we see a positive chart pattern that is expected to put a floor in the decline in metal shares which in turn may help mend the breadth issues plagued the HSCEI.Copper's bull wedge noted in the daily cycle…

Copper Rally to Help Mend H Share Breadth

We made a bullish bet in copper and material sectors in May 2017 at the 2.55 area. Recently we made a short bet at 3.15 with a target at 2.92 where we exited this trade with a bias to buy lower levels in October. We also touted a pullback for weaker Australian and H share materials stocks in early September for a multi week give back. Our top short pick was Jiangxi copper at 14 which as met our 12.50 cover target with risk to 12.00. JC hit a low yesterday of 12.06.We are keen to buy back into…

We made a bullish bet in copper and material sectors in May 2017 at the 2.55 area. Recently we made a short bet at 3.15 with a target at 2.92 where we exited this trade with a bias to buy lower levels in October. We also touted a pullback for weaker Australian and H share materials stocks in early September for a multi week give back. Our top short pick was Jiangxi copper at 14 which as met our 12.50 cover target with risk to 12.00. JC hit a low yesterday of 12.06.We are keen to buy back into…

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.

A wave of breakouts is visible throughout the global mining industry, where stocks are responding to long-term trend reversals in base metals, including aluminum, copper, and zinc. This is one of our favorite themes, one that we have highlighted extensively over the past several months, especially in our weekly International Compass But is it too late to add exposure? No. Most names, including Alcoa (AA), Freeport-McMoRan (FCX), Norsk Hydro (NHY-NO), are just beginning to break out this week.In today’s report we highlight a selection of actionable charts within this theme, sorted by market capitalization.

A wave of breakouts is visible throughout the global mining industry, where stocks are responding to long-term trend reversals in base metals, including aluminum, copper, and zinc. This is one of our favorite themes, one that we have highlighted extensively over the past several months, especially in our weekly International Compass  But is it too late to add exposure? No. Most names, including Alcoa (AA), Freeport-McMoRan (FCX), Norsk Hydro (NHY-NO), are just beginning to break out this week.In today’s report we highlight a selection of actionable charts within this theme, sorted by market capitalization.

United States

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a soft, malleable and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a reddish-orange color. It is used as a conductor of heat and electricity, as a building material and as a constituent of various metal alloys, such as Sterling silver used in jewelry, cupronickel used to make marine hardware and coins and constantan used in strain gauges and thermocouples for temperature measurement.

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Copper (COPPER COMDTY)

BHP - Constructive Neutrality

BHP - Constructive Neutrality BHP’s motto is “Think Big”. Pertinent given it is the world’s largest mining company. However, in seeming...

Amareos

Materials Sector Warning Signals

Chart postures for copper and steel are looking precarious to the point where we are starting to see warning signals flash for the miners. China...

Thomas Schroeder

Buy Copper in October

We made a bullish bet in copper and material sectors in May 2017 at the 2.55 area. Recently we made a short bet at 3.15 with a target at 2.92 where...

Thomas Schroeder

Global Miners Are Breaking Out -- Buy

A wave of breakouts is visible throughout the global mining industry, where stocks are responding to long-term trend reversals in base metals,...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

BHP - Constructive Neutrality

BHP - Constructive Neutrality BHP’s motto is “Think Big”. Pertinent given it is the world’s largest mining company. However, in seeming...

Amareos

Materials Sector Warning Signals

Chart postures for copper and steel are looking precarious to the point where we are starting to see warning signals flash for the miners. China...

Thomas Schroeder

Copper Rally to Help Mend H Share Breadth

It is time to look at copper again. Our recent long from 288 was sold at 320 and a well behaved pulled has followed. China A shares have powered...

Thomas Schroeder

Buy Copper in October

We made a bullish bet in copper and material sectors in May 2017 at the 2.55 area. Recently we made a short bet at 3.15 with a target at 2.92 where...

Thomas Schroeder

Global Miners Are Breaking Out -- Buy

A wave of breakouts is visible throughout the global mining industry, where stocks are responding to long-term trend reversals in base metals,...

Vermilion Research