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

US Treasury (10 Yr Generic) / Technical Analysis

<ul>
<li>Our bullish outlook initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the SPX (7-10% downside).</li>
<li>To be clear, we aren't calling for a pullback to 4800; we view it as a worst-case scenario for the S&amp;P 500, and we want to be prepared for anything.</li>
<li>Shorter-Term, we remain bullish on the S&amp;P 500 and Nasdaq 100 (QQQ) as they both refuse to close below their 20-day MAs for more than 2-3 consecutive days.</li>
</ul>


Our bullish outlook initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the SPX (7-10% downside).
To be clear, we aren't calling for a pullback to 4800; we view it as a worst-case scenario for the S&amp;P 500, and we want to be prepared for anything.
Shorter-Term, we remain bullish on the S&amp;P 500 and Nasdaq 100 (QQQ) as they both refuse to close below their 20-day MAs for more than 2-3 consecutive days.


Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation

As we write this, the tweet from President Trump regarding an imminent spike in tariffs on Chinese goods has caught financial markets around the world off guard. We believe the reactions are likely just a flash in the pan. This tweet, like many others, should be taken as nothing more than negotiation tactics lifted right out of a chapter from “The Art of the Deal”. We have been subjected to untold Tweets in the last few years and the reactions generally seem to have been about as long-lived as their character count. Despite the noise, the markets remain on a firm footing.  In our Macro Vision publication, we lay out our U.S. equity investment thesis and provide a technical appraisal of the market Sector by Sector, along with attractive investment opportunities within each.

As we write this, the tweet from President Trump regarding an imminent spike in tariffs on Chinese goods has caught financial markets around the world off guard. We believe the reactions are likely just a flash in the pan. This tweet, like many others, should be taken as nothing more than negotiation tactics lifted right out of a chapter from “The Art of the Deal”. We have been subjected to untold Tweets in the last few years and the reactions generally seem to have been about as long-lived as their character count. Despite the noise, the markets remain on a firm footing.  In our Macro Vision publication, we lay out our U.S. equity investment thesis and provide a technical appraisal of the market Sector by Sector, along with attractive investment opportunities within each.

U.S. Equity Strategy: The Tweet Heard ‘Round the World

We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we outline our bullish case and highlight attractive Groups and stocks within Financials, Services, Technology and Manufacturing: Credit Card Issuers, Education Services, China, Solar Energy, and Industrial Rental Equipment.

We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we outline our bullish case and highlight attractive Groups and stocks within Financials, Services, Technology and Manufacturing: Credit Card Issuers, Education Services, China, Solar Energy, and Industrial Rental Equipment.

U.S. Equity Strategy: Upgrading Cap-Weighted Communications to Overweight

We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include 2,810-2,817 on the S&amp;P 500 and the 200-day moving average on the S&amp;P 600 Small Cap index... see charts below. We would welcome some consolidation or a mild pullback which would be a healthy correction of the current extended market conditions.In today’s report we highlight attractive Groups and stocks within Manufacturing and Technology: Construction Equipment, Industrial Rental Equipment, Data Storage Solutions &amp; Devices, Small-Cap, and Software, Financial Mgmt. Solutions.

We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include 2,810-2,817 on the S&amp;P 500 and the 200-day moving average on the S&amp;P 600 Small Cap index... see charts below. We would welcome some consolidation or a mild pullback which would be a healthy correction of the current extended market conditions.In today’s report we highlight attractive Groups and stocks within Manufacturing and Technology: Construction Equipment, Industrial Rental Equipment, Data Storage Solutions &amp; Devices, Small-Cap, and Software, Financial Mgmt. Solutions.

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul class=""><li>Car rental records 12% retail value growth in 2017 to reach THB6.9 billion</li><li>The competition in car rental remains fierce as new competitors continue to enter the category over the review period</li><li>Car rental is expected to record a retail value CAGR of 6% at constant 2017 prices over the forecast period</li></ul>

Car rental records 12% retail value growth in 2017 to reach THB6.9 billionThe competition in car rental remains fierce as new competitors continue to enter the category over the review periodCar rental is expected to record a retail value CAGR of 6% at constant 2017 prices over the forecast period

United States

Herc Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides equipment rental services in key markets, including construction, industrial and manufacturing, refineries, petrochemicals, civil infrastructure, automotive, government, municipalities, energy, remediation, and emergency response.

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Herc Holdings (HRI US)

Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation

Downgrading Real Estate to Underweight; Bullish Outlook Intact on $SPX $QQQ $NDX $IWM $RTY $IJH $MDY $VXF; Broadening Participation (NYSE Net New...

Vermilion Research

U.S. Equity Strategy: The Tweet Heard ‘Round the World

As we write this, the tweet from President Trump regarding an imminent spike in tariffs on Chinese goods has caught financial markets around the...

Vermilion Research

U.S. Equity Strategy: Upgrading Cap-Weighted Communications to Overweight

We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we...

Vermilion Research

S&P 500 and S&P 600 Testing Resistance

We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include...

Vermilion Research

Sector Capsule: Car Rental in Thailand

Car rental records 12% retail value growth in 2017 to reach THB6.9 billion The competition in car rental remains fierce as new competitors...

Euromonitor International Ltd.

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