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

<ul>
<li>Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass).</li>
<li>We have also remain near-term bullish on MSCI ACWI since our April 23, 2026 Int’l Compass, and we continue to expect support at the 50-day MA on ACWI-US</li>
<li>We take a closer look at SK Hynix and Micron</li>
</ul>


Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass).
We have also remain near-term bullish on MSCI ACWI since our April 23, 2026 Int’l Compass, and we continue to expect support at the 50-day MA on ACWI-US
We take a closer look at SK Hynix and Micron


US Dollar Breakout; Watching SK Hynix (000660-KR) And Micron (MU-US); Should You Be Concerned? No.

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Thematic (Sector/Industry)

<ul>
<li>Overall Dutch supermarket sales rose 2.3% year-on-year to EUR 5.1bn, driven entirely by price increases rather than higher volumes.</li>
<li>Market share shifts therefore translate directly into significant revenue changes, with each percentage point worth hundreds of millions of euros.</li>
<li>Albert Heijn (Ahold Delhaize) remains the clear market leader, benefiting from the largest store network and gaining 0.5%-pt of market share to 38.2%. </li>
</ul>


Overall Dutch supermarket sales rose 2.3% year-on-year to EUR 5.1bn, driven entirely by price increases rather than higher volumes.
Market share shifts therefore translate directly into significant revenue changes, with each percentage point worth hundreds of millions of euros.
Albert Heijn (Ahold Delhaize) remains the clear market leader, benefiting from the largest store network and gaining 0.5%-pt of market share to 38.2%. 


<ul>
<li>Ahold Delhaize / PostNL | bol sells Cycloon to owner of Intrapost Last Friday, Intrapost, Cycloon and Ahold Delahaize’s online platform bol announced that postal company Cycloon to will be bought by Den Hollander Holding B.V, a holding company with the same controlling shareholder as Intrapost: Mr. V.R. Den Hollander. bol and Cycloon are convinced that this is the best step for all parties with a view to the future.</li>
<li>Cycloon focuses on sorting and delivering letterbox mail.</li>
<li>The sales of these activities to Den Hollander Holding B.V, will bring Cycloon in a better position to benefit from the opportunities on the postal market and to continue to grow.</li>
</ul>


Ahold Delhaize / PostNL | bol sells Cycloon to owner of Intrapost Last Friday, Intrapost, Cycloon and Ahold Delahaize’s online platform bol announced that postal company Cycloon to will be bought by Den Hollander Holding B.V, a holding company with the same controlling shareholder as Intrapost: Mr. V.R. Den Hollander. bol and Cycloon are convinced that this is the best step for all parties with a view to the future.
Cycloon focuses on sorting and delivering letterbox mail.
The sales of these activities to Den Hollander Holding B.V, will bring Cycloon in a better position to benefit from the opportunities on the postal market and to continue to grow.


<ul>
<li>In an interview with Reuters, ING’s CEO Steven van Rijswijk said his bank is exploring acquisitions in major European markets, including Germany, Italy, and Spain, to expand its presence.</li>
<li>"We would be looking firstly at businesses that offer certain products, operate predominantly in geographical markets where we are already active and have a strong digital footprint," the CEO told Reuters.</li>
<li>Van Rijswijk declined to name any potential targets.</li>
</ul>


In an interview with Reuters, ING’s CEO Steven van Rijswijk said his bank is exploring acquisitions in major European markets, including Germany, Italy, and Spain, to expand its presence.
"We would be looking firstly at businesses that offer certain products, operate predominantly in geographical markets where we are already active and have a strong digital footprint," the CEO told Reuters.
Van Rijswijk declined to name any potential targets.


What's New(S) In Amsterdam - 4 February 2025 (ING | Fagron | TomTom | Bpostgroup)

Equity Bottom-Up

<ul><li>In this edition: • Van Lanschot Kempen | 1H26 underlying net result up 33%; record AuM inflow • Dutch banks | EUR 3–4.5bn of capital relief when DNB scraps mortgage risk floor • Dutch retail sales | up 3.1% in 2Q26; online sales up 6.2% YoY</li></ul>

In this edition: • Van Lanschot Kempen | 1H26 underlying net result up 33%; record AuM inflow • Dutch banks | EUR 3–4.5bn of capital relief when DNB scraps mortgage risk floor • Dutch retail sales | up 3.1% in 2Q26; online sales up 6.2% YoY

What's News in Amsterdam - 27 August (Van Lanschot Kempen | Dutch banks | Dutch retail sales)

Netherlands

ING Groep N.V. offers financial services to individuals, corporations, and other institutions.  The Company offers corporate, investment, and private banking services, asset and portfolio management, treasury services, and insurance.  ING Groep has offices throughout the world.

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ING Groep NV (INGA NA)

US Dollar Breakout; Watching SK Hynix (000660-KR) And Micron (MU-US); Should You Be Concerned? No.

U.S. Dollar Breakout; Watching SK Hynix (000660-KR) and Micron (MU-US); Should You Be Concerned About Technology? No.; Bullish Outlook Intact. Buys...

Vermilion Research

What's New in Amsterdam

Overall Dutch supermarket sales rose 2.3% year-on-year to EUR 5.1bn, driven entirely by price increases rather than higher volumes.

The IDEA!

What's News in Amsterdam

The sales of these activities to Den Hollander Holding B.V, will bring Cycloon in a better position to benefit from the opportunities on the postal...

The IDEA!

What's New(S) In Amsterdam - 4 February 2025 (ING | Fagron | TomTom | Bpostgroup)

In an interview with Reuters, ING’s CEO Steven van Rijswijk said his bank is exploring acquisitions in major European markets, including Germany,...

The IDEA!

What's News in Amsterdam - 27 August (Van Lanschot Kempen | Dutch banks | Dutch retail sales)

In this edition: • Van Lanschot Kempen | 1H26 underlying net result up 33%; record AuM inflow • Dutch banks | EUR 3–4.5bn of capital relief when...

The IDEA!

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)