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

<ul>
<li>Major indexes in the three largest global equity markets (U.S., Europe, Japan) all remain below critical resistances of 5783 on SPX, 5000-5120 on EURO STOXX 50, and 2740-2820 on TOPIX</li>
<li>Additionally, broad global MSCI indexes (local currency) including the ACWI, ACWI ex-U.S., and EAFE all remain at/below resistance from their YTD highs; reduce exposure or shift to defensives.</li>
<li>In late-July we discussed expectations for a 1-to 4-month pullback/consolidation period on MSCI ACWI. We believe it seems likely to last closer to four months, and potentially 4- to 6-months</li>
</ul>


Major indexes in the three largest global equity markets (U.S., Europe, Japan) all remain below critical resistances of 5783 on SPX, 5000-5120 on EURO STOXX 50, and 2740-2820 on TOPIX
Additionally, broad global MSCI indexes (local currency) including the ACWI, ACWI ex-U.S., and EAFE all remain at/below resistance from their YTD highs; reduce exposure or shift to defensives.
In late-July we discussed expectations for a 1-to 4-month pullback/consolidation period on MSCI ACWI. We believe it seems likely to last closer to four months, and potentially 4- to 6-months


U.S., Europe, and Japan Still Holding Below Resistance; Favor Defensives

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Steel / Chart of the Day: China’s increasingly embattled steelmakers</li><li>Accident /: Bus hits crowd outside middle school in East China, killing 11</li><li>Banks /: Another key executive at Bank of Beijing falls from grace, sources say</li></ul>

Steel / Chart of the Day: China’s increasingly embattled steelmakersAccident /: Bus hits crowd outside middle school in East China, killing 11Banks /: Another key executive at Bank of Beijing falls from grace, sources say

CX Daily: China’s Increasingly Embattled Steelmakers 

Thematic (Sector/Industry)

<ul><li>Shares of Chinese rare earth suppliers plunged Thursday after Tesla Inc. said it will reduce its use of the minerals in future electric vehicles to control costs.</li><li>The leading electric-car maker is designing next-generation powertrain that will use a permanent magnet motor that doesn’t rely on rare earth materials, Colin Campbell, Tesla vice president for powertrain engineering, said at an investor meeting.</li><li>The change reflects Tesla’s efforts to control material costs and reduce its involvement in the health and<a href="https://www.caixinglobal.com/2022-04-29/in-depth-chinas-rare-earth-hub-wrestles-a-stubborn-problem-cleaning-up-101878773.html" target="_blank" rel="noopener"> environmental risks </a>of mining the minerals, Campbell said.</li></ul>

Shares of Chinese rare earth suppliers plunged Thursday after Tesla Inc. said it will reduce its use of the minerals in future electric vehicles to control costs.The leading electric-car maker is designing next-generation powertrain that will use a permanent magnet motor that doesn’t rely on rare earth materials, Colin Campbell, Tesla vice president for powertrain engineering, said at an investor meeting.The change reflects Tesla’s efforts to control material costs and reduce its involvement in the health and environmental risks of mining the minerals, Campbell said.

Rare Earth Stocks Plunge as Tesla Seeks Alternatives

<ul><li>In Depth: The secrets behind a Chinese banking superstar’s fall.</li><li>Xi raises Anti-Secession Law in talks with Biden about Taiwan, foreign minister says.</li><li>Teaching staff who harm children face lifetime ban.</li></ul>

In Depth: The secrets behind a Chinese banking superstar’s fall.Xi raises Anti-Secession Law in talks with Biden about Taiwan, foreign minister says.Teaching staff who harm children face lifetime ban.

CX Daily: The Secrets Behind a Chinese Banking Superstar’s Fall

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

For those with the time and inclination, I have provided links to the Work Report (given by the Premier), the NDRC Draft Plan for National Economic and Social Development, and the Ministry of Finance Budget Report (previous year and plan for current year)  provided for Deputies to vote upon at the "Two Sessions" meetings of the National People's Congress (since 2000).Often, reading these reports is a somniferous affair. But they can hint at slight changes in priorities.I expect we will see much…

For those with the time and inclination, I have provided links to the Work Report (given by the Premier), the NDRC Draft Plan for National Economic and Social Development, and the Ministry of Finance Budget Report (previous year and plan for current year)  provided for Deputies to vote upon at the "Two Sessions" meetings of the National People's Congress (since 2000).Often, reading these reports is a somniferous affair. But they can hint at slight changes in priorities.I expect we will see much…

NPC17: National People's Congress Reports

China

Inner Mongolian Baotou Steel Union Co., Ltd. smelts and processes ferrous metal products.  The Company's products include plates, seamless metal tubes, heavy tubes, square steel, wire rods, steel pipes, steel scraps, and other related products.

Inner Mongolia Baotou Steel Union (600010 CH)

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Inner Mongolia Baotou Steel Union (600010 CH)

U.S., Europe, and Japan Still Holding Below Resistance; Favor Defensives

U.S., Europe, and Japan Still Holding Below Resistance; Favor Defensives. Actionable Themes: Real Estate, Utilities, Telecommunications, Energy,...

Vermilion Research

CX Daily: China’s Increasingly Embattled Steelmakers

Steel / Chart of the Day: China’s increasingly embattled steelmakers Weakening steel demand and a subsequent drop in prices pushed China’s top...

Caixin Global

Rare Earth Stocks Plunge as Tesla Seeks Alternatives

Shares of Chinese rare earth suppliers plunged Thursday after Tesla Inc. said it will reduce its use of the minerals in future electric vehicles...

Caixin Global

CX Daily: The Secrets Behind a Chinese Banking Superstar’s Fall

In Depth: The secrets behind a Chinese banking superstar’s fall. Xi raises Anti-Secession Law in talks with Biden about Taiwan, foreign minister says.

Caixin Global

NPC17: National People's Congress Reports

For those with the time and inclination, I have provided links to the Work Report (given by the Premier), the NDRC Draft Plan for National Economic...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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