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

Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. Consumer Discretionary and Manufacturing Sectors continue to be two attractive Sectors that are outperforming globally; we highlight numerous actionable names in today's report.

Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. Consumer Discretionary and Manufacturing Sectors continue to be two attractive Sectors that are outperforming globally; we highlight numerous actionable names in today's report.

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>Rosebank Industries (ROSE LN), with a $4.7bn market cap, is the flagship F250 and All-Share forecasted addition following its listing transfer from AIM to Main Market.</li>
<li>
<a href="https://www.smartkarma.com/entities/harbour-energy-plc" target="_blank" data-smartkarma-citation="entities:25251:1" rel="noopener">Harbour Energy (HBR LN)</a> and <a href="https://www.smartkarma.com/entities/ithaca-energy-inc" target="_blank" data-smartkarma-citation="entities:23303:1" rel="noopener">Ithaca Energy (IAE LN)</a> are the main candidates to be added to F100 from F250 replacing <a href="https://www.smartkarma.com/entities/rightmove-plc" target="_blank" data-smartkarma-citation="entities:22116:1" rel="noopener">Rightmove (RMV LN)</a> and <a href="https://www.smartkarma.com/entities/berkeley-group-holdings-plc" target="_blank" data-smartkarma-citation="entities:21837:1" rel="noopener">Berkeley Group (BKG LN)</a>. </li>
<li>Barings Emerging EMEA Opportunities (BEMO LN) and Dialight (DIA LN) are high ADV-impact forecasted additions to SmallCap due to passing liquidity.</li>
</ul>


Rosebank Industries (ROSE LN), with a $4.7bn market cap, is the flagship F250 and All-Share forecasted addition following its listing transfer from AIM to Main Market.

Harbour Energy (HBR LN) and Ithaca Energy (IAE LN) are the main candidates to be added to F100 from F250 replacing Rightmove (RMV LN) and Berkeley Group (BKG LN). 
Barings Emerging EMEA Opportunities (BEMO LN) and Dialight (DIA LN) are high ADV-impact forecasted additions to SmallCap due to passing liquidity.


UK Index Forecasts - Jun26: ROSE Blossoms Into F250 Following Listing Transfer

TSE Tokyo Price Index TOPIX / Technical Analysis

Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe  developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). In this report we highlight actionable set ups within Japan, Switzerland and Australia. Within Japanese Sectors, we focus on opportunities within Technology, Financials, Health Care, and Staples. We also highlight attractive setups within European/UK Sectors, including Health Care, Industrials, Staples and Utilities.

Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe  developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). In this report we highlight actionable set ups within Japan, Switzerland and Australia. Within Japanese Sectors, we focus on opportunities within Technology, Financials, Health Care, and Staples. We also highlight attractive setups within European/UK Sectors, including Health Care, Industrials, Staples and Utilities.

At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market. In this report we recap important technical levels for the major indexes and highlight actionable set-ups within the utilities, travel and leisure and consumer staples industries.

At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market. In this report we recap important technical levels for the major indexes and highlight actionable set-ups within the utilities, travel and leisure and consumer staples industries.

Global Equity Strategy: Squarely in the Neutral Camp

Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>In this insight, we take a look at the potential index changes for the F100 and F250 in the run-up to the June 2026 index rebal event.</li>
<li>Our latest estimates suggest there could be four regular changes for F100 and five regular changes for F250 during the June 2026 rebal.</li>
<li>We see three transfers and one new listing being added to the F250 index. Naturally, we expect F250 and FAllShare passive trackers to buy these names.</li>
</ul>


In this insight, we take a look at the potential index changes for the F100 and F250 in the run-up to the June 2026 index rebal event.
Our latest estimates suggest there could be four regular changes for F100 and five regular changes for F250 during the June 2026 rebal.
We see three transfers and one new listing being added to the F250 index. Naturally, we expect F250 and FAllShare passive trackers to buy these names.


Quiddity Leaderboard F100/F250 Jun26: Rosebank and Cordiant as F250 ADDs; 2 Weeks to Base Date

United Kingdom

Entain is a global sports betting and gaming company operating in regulated online and retail markets. It offers a diverse portfolio of services, including sports betting platforms and online gaming experiences through brands like bwin, Coral, Ladbrokes, and PartyPoker. Entain was founded in 2004 and is headquartered in Douglas, Isle of Man.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Entain (ENT LN)

Global Equity Strategy:

Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This...

Vermilion Research

UK Index Forecasts - Jun26: ROSE Blossoms Into F250 Following Listing Transfer

ROSE LN was the highest-impact trade of the UK index at the June 2026 review with its inclusion to F250 and All-Share following listing transfer to...

Dimitris Ioannidis

Developed Markets Opportunities

Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership...

Vermilion Research

Global Equity Strategy: Squarely in the Neutral Camp

At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels,...

Vermilion Research

Quiddity Leaderboard F100/F250 Jun26: Rosebank and Cordiant as F250 ADDs; 2 Weeks to Base Date

We see F250 and FAllShare passive buying for Rosebank, Cordiant, GlobalData, and Meridian on 19th June 2026. We also expect four changes to F100.

Afridi Reyal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)