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

TSE Tokyo Price Index TOPIX / Technical Analysis

Economic data finally confirms what the charts have been saying all year: global growth in the major regions is now in sync.  We see the bullish advance in equities continuing well into 2018, a continuation of a long-term trend. However, the Sectors that propel this trend may be different.In our December International Strategy, we explore these and the following themes in further detail: <ul><li>Overweight Japan. </li><li>Cyclicals continue to lead, defensive continues to lag. </li><li>Actionable Sector/Group themes:<ol><li>Global banks are breaking out/bullishly inflecting. </li><li>Energy is bottoming – still a non-consensus view. </li><li>Pullback opportunity in metals &amp; mining.</li></ol></li></ul>

Economic data finally confirms what the charts have been saying all year: global growth in the major regions is now in sync.  We see the bullish advance in equities continuing well into 2018, a continuation of a long-term trend. However, the Sectors that propel this trend may be different.In our December International Strategy, we explore these and the following themes in further detail: Overweight Japan. Cyclicals continue to lead, defensive continues to lag. Actionable Sector/Group themes:Global banks are breaking out/bullishly inflecting. Energy is bottoming – still a non-consensus view. Pullback opportunity in metals &amp; mining.

International Equity Strategy: Bullish Big Picture

Energy Expert

Thierry Bros, PhD

Thematic (Sector/Industry)

Since earlier this year, I cautioned the “Business as Usual” / “no change” solution favored by the consensus as unlikely to happen in Brexit energy negotiations. With the UK leaving the EU Single Energy Market, we could expect a resurgence in market dislocations and energy prices volatility. Since the triggering of Article 50 by the UK, 8 months ago, the situation is still as unclear as from day 1. But the industry is starting to realize that Westminster wishful thinking is not likely to happen…

Since earlier this year, I cautioned the “Business as Usual” / “no change” solution favored by the consensus as unlikely to happen in Brexit energy negotiations. With the UK leaving the EU Single Energy Market, we could expect a resurgence in market dislocations and energy prices volatility. Since the triggering of Article 50 by the UK, 8 months ago, the situation is still as unclear as from day 1. But the industry is starting to realize that Westminster wishful thinking is not likely to happen…

Brexit: The Clock Is Ticking and Little Has Been Achieved in Energy

Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

In Today's Issue<table class="table table-striped"><tbody>
<tr>
<td>Area</td>
<td>Item</td>
</tr>
<tr>
<td>Economic/Commodities</td>
<td>
<ul>
<li>LOW VOLATILITY AND HIGH RETURNS PUT EMERGING MARKETS AT THE TOP</li>
<li>MARKETS ARE EXPENSIVE</li>
</ul>
</td>
</tr>
<tr>
<td>Policy Led</td>
<td>
<ul>
<li>CHINA LOOKING AT LICENSING ONLINE LENDERS</li>
<li>SAUDI SHAKE UP MORE THOUGHTS</li>
<li>LOTTE RECEIVED ITS APPROVAL FOR CHINESE PROJECT</li>
<li>INDIAN PUTTING SAND IN THE WHEELS OF TRADE WITH CHIN</li>
<li>NORD STREAM 2 HAS SIGNIFICANT IMPLICATIONS FOR EASTERN EUROPE</li>
</ul>
</td>
</tr>
<tr>
<td>Management Specific</td>
<td>
<ul>
<li>SAN MIGUEL RESTRUCTURES</li>
<li>RAUBEX LOOKING FOR M&amp;A</li>
<li>QATAR AIRLINES TAKES STAKE IN CATHAY</li>
<li>QUALCOMM AND BROADCOM DEAL</li>
<li>SHELL…</li>
</ul>
</td>
</tr>
</tbody></table>

In Today's Issue

Area
Item


Economic/Commodities


LOW VOLATILITY AND HIGH RETURNS PUT EMERGING MARKETS AT THE TOP
MARKETS ARE EXPENSIVE




Policy Led


CHINA LOOKING AT LICENSING ONLINE LENDERS
SAUDI SHAKE UP MORE THOUGHTS
LOTTE RECEIVED ITS APPROVAL FOR CHINESE PROJECT
INDIAN PUTTING SAND IN THE WHEELS OF TRADE WITH CHIN
NORD STREAM 2 HAS SIGNIFICANT IMPLICATIONS FOR EASTERN EUROPE




Management Specific


SAN MIGUEL RESTRUCTURES
RAUBEX LOOKING FOR M&amp;A
QATAR AIRLINES TAKES STAKE IN CATHAY
QUALCOMM AND BROADCOM DEAL
SHELL…





In Today's Issue<table class="table table-striped"><tbody>
<tr>
<td>Area</td>
<td>Item</td>
</tr>
<tr>
<td>Economic/Commodities</td>
<td>
REMITTANCES TO INDIA ARE DOWN
BRAZIL SOYBEAN EXPORTS ARE UP
PRECIOUS METALS PRICES FLIRT WITH SUPPORT _ COULD BREAKDOWN
PEMEX MAKES SIZEABLE OIL DISCOVERY
</td>
</tr>
<tr>
<td>Policy Led</td>
<td>
SAUDI PURGE
CHINA'S PARIS OUTPERFORMANCE
PBoC LOOKING AT ITS OWN DIGITAL CURRENCY
VENEZUELA SEEKS EXTERNAL DEBT RESTRUCTURING
CHINA'S MAINLAND LAW ON THE NATIONAL ANTHEM TO APPLY TO HK AND MACAU
</td>
</tr>
<tr>
<td>Management Specific</td>
<td>
AMAZON INTO HEALTH INSURANCE IN EUROPE?
CJ CHEILJIDANG SELLING CJ HEALTH?
HDFC STANDARD…
</td>
</tr>
</tbody></table>

In Today's Issue

Area
Item


Economic/Commodities

REMITTANCES TO INDIA ARE DOWN
BRAZIL SOYBEAN EXPORTS ARE UP
PRECIOUS METALS PRICES FLIRT WITH SUPPORT _ COULD BREAKDOWN
PEMEX MAKES SIZEABLE OIL DISCOVERY



Policy Led

SAUDI PURGE
CHINA'S PARIS OUTPERFORMANCE
PBoC LOOKING AT ITS OWN DIGITAL CURRENCY
VENEZUELA SEEKS EXTERNAL DEBT RESTRUCTURING
CHINA'S MAINLAND LAW ON THE NATIONAL ANTHEM TO APPLY TO HK AND MACAU



Management Specific

AMAZON INTO HEALTH INSURANCE IN EUROPE?
CJ CHEILJIDANG SELLING CJ HEALTH?
HDFC STANDARD…




Global technicals remain on a bullish footing. There’s a lot to like across global markets, chart-wise, particularly the catering-sized amount of base patterns. These patterns, which act as foundations for rallies, are visible throughout developed and emerging markets, pointing to another leg higher and endorsing our positive outlook.In our October Strategy (See attached), we highlight actionable themes in EM, Energy, and materials.  The attached document also contains links to an in-depth analysis of each of our 12 sectors.

Global technicals remain on a bullish footing. There’s a lot to like across global markets, chart-wise, particularly the catering-sized amount of base patterns. These patterns, which act as foundations for rallies, are visible throughout developed and emerging markets, pointing to another leg higher and endorsing our positive outlook.In our October Strategy (See attached), we highlight actionable themes in EM, Energy, and materials.  The attached document also contains links to an in-depth analysis of each of our 12 sectors.

Global Equity Strategy: Overweight EM, Japan Breaking Out, Europe in Recovery

Switzerland

Glencore is one of the world's largest globally diversified natural resource companies. It produces, sources, markets, and recycles a wide range of raw materials including metals, minerals, and energy products essential for everyday life and the transition to a low-carbon economy. The company was founded in 1974 and is headquartered in Baar, Switzerland.

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Glencore (GLEN LN)

International Equity Strategy: Bullish Big Picture

Economic data finally confirms what the charts have been saying all year: global growth in the major regions is now in sync. We see the bullish...

Vermilion Research

Brexit: The Clock Is Ticking and Little Has Been Achieved in Energy

Since earlier this year, I cautioned the “Business as Usual” / “no change” solution favored by the consensus as unlikely to happen in Brexit energy...

Thierry Bros, PhD

21 Things Worth Knowing (#9)

In Today's Issue1. San Miguel Corporation (SMC PM) announced a restructuring of the group including a share swap with San Miguel Pure Foods Co Inc...

Mark Artherton

21 Things Worth Knowing (#8)

In Today's Issue1. Saudi Crown Prince kick starts an anti-corruption drive in a bid to cement his power. So far 11 princes, 4 ministers and a...

Mark Artherton

Global Equity Strategy: Overweight EM, Japan Breaking Out, Europe in Recovery

Global technicals remain on a bullish footing. There’s a lot to like across global markets, chart-wise, particularly the catering-sized amount of...

Vermilion Research

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