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

MSCI Emerging Markets Index / Technical Analysis

The MSCI EM index (local currency) remains in an uptrend and is testing all-time highs set in January 2018 near 65,800; as long as the index is above 60,000 we are constructive from a price perspective.  China (CSI 300, MSCI China) continues to offer many attractive setups and accounts for the vast majority of today’s recommendations. Taiwan (TAIEX) continues to be worthy of an overweight within the EM universe, while South Korea (KOSPI) and India (SENSEX) display improving price and RS trends -- add exposure.

The MSCI EM index (local currency) remains in an uptrend and is testing all-time highs set in January 2018 near 65,800; as long as the index is above 60,000 we are constructive from a price perspective.  China (CSI 300, MSCI China) continues to offer many attractive setups and accounts for the vast majority of today’s recommendations. Taiwan (TAIEX) continues to be worthy of an overweight within the EM universe, while South Korea (KOSPI) and India (SENSEX) display improving price and RS trends -- add exposure.

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

Thematic (Sector/Industry)

This insight aims to track data related to discretionary spends on consumer goods. It covers a range of aspects - from the adoption of new payment methods, consumer income growth and savings data, freight and travel, rural development and agriculture to the availability of finance and liquidity. 
The Indicators for the month of June indicate a recovery in most aspects of the economy. Rural Economy continues to be the main engine and is expected to remain so. 

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The data tracker is a joint initiative done along with insight provider <a href="https://www.smartkarma.com/profiles/nitin-mangal" target="_blank" data-smartkarma-citation="accounts:1988" rel="noopener">Nitin Mangal.</a>
</div>

This insight aims to track data related to discretionary spends on consumer goods. It covers a range of aspects - from the adoption of new payment methods, consumer income growth and savings data, freight and travel, rural development and agriculture to the availability of finance and liquidity. 
The Indicators for the month of June indicate a recovery in most aspects of the economy. Rural Economy continues to be the main engine and is expected to remain so. 


The data tracker is a joint initiative done along with insight provider Nitin Mangal.


Alternative Data | India Consumer Tracker - Rural India Is Firing Recovery

Building on our earlier insight <a href="https://www.smartkarma.com/insights/india-autos-monthly-auto-tracker-for-april" target="_blank" data-smartkarma-citation="insights:39126" rel="noopener">India Autos | Monthly Auto Tracker for April</a> that tracks regular and alternative data, this month's data clearly indicates increasing interest for personal transport, compact and efficient vehicles and a preference towards motorcycles. 
However, the same is yet to reflect in volumes as well as registration data.  The current search trends indicate interest is coming back and could indicate the worst in terms of volumes could potentially be soon over for the sector. 
This is a Joint insight with <a href="https://www.smartkarma.com/profiles/nitin-mangal" target="_blank" data-smartkarma-citation="accounts:1988" rel="noopener">Nitin Mangal</a>

Building on our earlier insight India Autos | Monthly Auto Tracker for April that tracks regular and alternative data, this month's data clearly indicates increasing interest for personal transport, compact and efficient vehicles and a preference towards motorcycles. 
However, the same is yet to reflect in volumes as well as registration data.  The current search trends indicate interest is coming back and could indicate the worst in terms of volumes could potentially be soon over for the sector. 
This is a Joint insight with Nitin Mangal 

India Autos | Auto Tracker for May - Personal Transport Preference Increasing

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to our insight <a href="https://www.smartkarma.com/insights/alternative-data-india-consumer-tracking-recovery-if-and-when-it-comes" target="_blank" data-smartkarma-citation="insights:39289" rel="noopener">Alternative Data | India Consumer - Tracking Recovery if and when It Comes</a>.
Our high-frequency and alternative indicators do indicate a gradual uptick but still far below normal levels when it comes to consumer spending. There is high uncertainty regarding current employment, Rural India is expected to lead growth. 
<div class="content-highlight">
The data tracker is a joint initiative done along with insight provider <a href="https://www.smartkarma.com/profiles/nitin-mangal" target="_blank" data-smartkarma-citation="accounts:1988" rel="noopener">Nitin Mangal.</a>
</div>

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to our insight Alternative Data | India Consumer - Tracking Recovery if and when It Comes.
Our high-frequency and alternative indicators do indicate a gradual uptick but still far below normal levels when it comes to consumer spending. There is high uncertainty regarding current employment, Rural India is expected to lead growth. 

The data tracker is a joint initiative done along with insight provider Nitin Mangal.


Alternative Data | India Consumer Tracker - Rural India to Lead Growth

Global indexes remain overwhelmingly positive which is supported by the fact that there is a dearth of breakdowns. Overall our big picture view remains unchanged; overhead longer-term resistance on the MSCI EM, EAFE, and ACWI ex-US indexes (all priced in local currency) is something to be aware of, however if the ACWI-US is above $70 our intermediate-term outlook remains bullish and we suggest buying any dips. In today's report we highlight attractive charts within defensives (Consumer Staples &amp; Utilities), cyclicals (Consumer Discretionary, Energy, Financial, &amp; Materials), and in-between Sectors (Communications, Services, &amp; Health Care)

Global indexes remain overwhelmingly positive which is supported by the fact that there is a dearth of breakdowns. Overall our big picture view remains unchanged; overhead longer-term resistance on the MSCI EM, EAFE, and ACWI ex-US indexes (all priced in local currency) is something to be aware of, however if the ACWI-US is above $70 our intermediate-term outlook remains bullish and we suggest buying any dips. In today's report we highlight attractive charts within defensives (Consumer Staples &amp; Utilities), cyclicals (Consumer Discretionary, Energy, Financial, &amp; Materials), and in-between Sectors (Communications, Services, &amp; Health Care)

Global Equity Strategy: Stick With Technology

India

Mahindra & Mahindra is a prominent Indian multinational manufacturing corporation. It is a leading global manufacturer of tractors and a major producer of SUVs, commercial vehicles, and two-wheelers. Headquartered in Mumbai, India, the company was founded on October 2, 1945.

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Mahindra & Mahindra (MM IN)

Remain Overweight EM Relative To EAFE

The MSCI EM index (local currency) remains in an uptrend and is testing all-time highs set in January 2018 near 65,800; as long as the index is...

Vermilion Research

Alternative Data | India Consumer Tracker - Rural India Is Firing Recovery

This insight aims to track data related to discretionary spends on consumer goods. It covers a range of aspects - from the adoption of new payment...

Pranav Bhavsar

India Autos | Auto Tracker for May - Personal Transport Preference Increasing

Building on our earlier insight India Autos | Monthly Auto Tracker for April that tracks regular and alternative data, this month's data clearly...

Pranav Bhavsar

Alternative Data | India Consumer Tracker - Rural India to Lead Growth

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to...

Pranav Bhavsar

Global Equity Strategy: Stick With Technology

Global indexes remain overwhelmingly positive which is supported by the fact that there is a dearth of breakdowns. Overall our big picture view...

Vermilion Research

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