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

In our March Strategy we provide a top down analysis of U.S. equity market drivers, and highlight opportunities within the following Sectors:• Technology: Overweight.  Technology remains a leadership Sector as uptrends and significant bases remain intact. The recent pullback has resulted in a number of groups breaking to new highs especially in the Software related groups. Historically investors will move to software related names to reduce risk as these companies often have a source of reoccurring revenue. Large- and Mid-cap semiconductors have also been quite resilient, whereas small- and micro-cap semis are seeing breakdowns in price and RS.• Financials: Overweight. Financials continue to plod up and to the right. Banks and thrifts, exchanges, investing banking and brokerage, pawn shops and Latin/South American banks look attractive.

In our March Strategy we provide a top down analysis of U.S. equity market drivers, and highlight opportunities within the following Sectors:• Technology: Overweight.  Technology remains a leadership Sector as uptrends and significant bases remain intact. The recent pullback has resulted in a number of groups breaking to new highs especially in the Software related groups. Historically investors will move to software related names to reduce risk as these companies often have a source of reoccurring revenue. Large- and Mid-cap semiconductors have also been quite resilient, whereas small- and micro-cap semis are seeing breakdowns in price and RS.• Financials: Overweight. Financials continue to plod up and to the right. Banks and thrifts, exchanges, investing banking and brokerage, pawn shops and Latin/South American banks look attractive.

U.S. Equity Strategy: Cyclicals Are Leadership, Small-Caps Are Closing the Gap.

MSCI Emerging Markets Index / Technical Analysis

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
Monthly regional and global conference calls
Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

Equity Bottom-Up

Itau Unibanco Holding  / Equity Bottom-Up

RRG Actionable Ideas in Latin America - Finding the Balance in Volatile Markets<ul>
<li>Market uncertainty has led many clients to ask for long and short positions in various regions.</li>
<li>Starting with Latin America - Other regions to follow in the coming days.</li>
<li>In Brazil we are concerned about relative performance of one of the banks which seems to be slow to catch up to rapid digitization of banking.</li>
<li>For profit education is a good place to hid in the economic uncertainty in Brazil</li>
<li>In Mexico rising crime…</li>
</ul>

RRG Actionable Ideas in Latin America - Finding the Balance in Volatile Markets
Market uncertainty has led many clients to ask for long and short positions in various regions.
Starting with Latin America - Other regions to follow in the coming days.
In Brazil we are concerned about relative performance of one of the banks which seems to be slow to catch up to rapid digitization of banking.
For profit education is a good place to hid in the economic uncertainty in Brazil
In Mexico rising crime…


Opportunities in Brazil and Mexico - Company Specific Dynamics Drive Long/Short Recommendations

Brazil

Itau Unibanco Holding S.A. attracts deposits and offer retail, commercial, corporate, and private banking services. The Bank offers consumer loans, financial management, insurance, pension plans, treasury services, mortgage loans, lease financing, securities brokerage, and foreign exchange services.

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Itau Unibanco Holding (ITUB US)

U.S. Equity Strategy: Cyclicals Are Leadership, Small-Caps Are Closing the Gap.

In our March Strategy we provide a top down analysis of U.S. equity market drivers, and highlight opportunities within the following Sectors:•...

Vermilion Research

Global Equity Strategy: Overweight EM

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and...

Vermilion Research

Opportunities in Brazil and Mexico - Company Specific Dynamics Drive Long/Short Recommendations

RRG Actionable Ideas in Latin America - Finding the Balance in Volatile Markets Market uncertainty has led many clients to ask for long and short...

David Riedel

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