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

Our outlook remains cautious as we continue to expect heightened volatility and a potential retest of the February 2018 lows over the next several weeks. Near-term we are monitoring for S&amp;P 500 support near 2,600 (i.e., the October low) and resistance near 2,817 or the 100- and 50-day moving averages. In today’s report we outline our current concerns along with developments that would cause us to become more constructive on the market. We also highlight attractive set ups within the Financials, Consumer Discretionary, and Health Care Sectors.

Our outlook remains cautious as we continue to expect heightened volatility and a potential retest of the February 2018 lows over the next several weeks. Near-term we are monitoring for S&amp;P 500 support near 2,600 (i.e., the October low) and resistance near 2,817 or the 100- and 50-day moving averages. In today’s report we outline our current concerns along with developments that would cause us to become more constructive on the market. We also highlight attractive set ups within the Financials, Consumer Discretionary, and Health Care Sectors.

U.S. Equity Strategy: Retest of October Lows Underway; Upgrading Financials

In last week’s Compass we noted the S&amp;P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get to uptrend support. Considering the S&amp;P 500 fell roughly 1% last week we believe the recent pause appears to be a normal and healthy pullback within the multi-month uptrend. Despite the potential for additional backing-and-filling toward the uptrend support, our expectation is that this uptrend continues, supporting our overall positive outlook.

In last week’s Compass we noted the S&amp;P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get to uptrend support. Considering the S&amp;P 500 fell roughly 1% last week we believe the recent pause appears to be a normal and healthy pullback within the multi-month uptrend. Despite the potential for additional backing-and-filling toward the uptrend support, our expectation is that this uptrend continues, supporting our overall positive outlook.

S&P 500: A Pause in the Uptrend - More Consolidation Expected.

The S&amp;P 500 remains in a long-term uptrend and a shorter-term, YTD consolidation. The next key resistance level to be tested is the all-time high of 2,873 which was set in January. On the plus side, the Advance-Decline (A-D) line, hit a new all-time high last week. Additionally, cap- and equal-weighted cyclicals vs. staples ratios have given up some ground recently but remain conducive to a risk-on environment.In today’s report we provide a complete U.S. equity strategy overview, and highlight attractive Groups and stocks within the Consumer Discretionary sector, including: auto parts, small-cap apparel, accessory &amp; luxury goods, and off-price retailers.

The S&amp;P 500 remains in a long-term uptrend and a shorter-term, YTD consolidation. The next key resistance level to be tested is the all-time high of 2,873 which was set in January. On the plus side, the Advance-Decline (A-D) line, hit a new all-time high last week. Additionally, cap- and equal-weighted cyclicals vs. staples ratios have given up some ground recently but remain conducive to a risk-on environment.In today’s report we provide a complete U.S. equity strategy overview, and highlight attractive Groups and stocks within the Consumer Discretionary sector, including: auto parts, small-cap apparel, accessory &amp; luxury goods, and off-price retailers.

U.S. Equity Strategy: Opportunities in Retailing Stocks

United States

Monro Muffler Brake, Inc. operates a chain of Company owned stores in the Northeast US providing automotive undercar repair and tire services in the Eastern region of the US. The Company's stores provide a broad range of services  for brake systems, mufflers and exhaust, tires, steering, drive train,  suspension, wheel alignment, routine maintenance and state inspections.

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Monro Muffler Brake (MNRO US)

U.S. Equity Strategy: Retest of October Lows Underway; Upgrading Financials

Our outlook remains cautious as we continue to expect heightened volatility and a potential retest of the February 2018 lows over the next several...

Vermilion Research

S&P 500: A Pause in the Uptrend - More Consolidation Expected.

In last week’s Compass we noted the S&P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get...

Vermilion Research

U.S. Equity Strategy: Opportunities in Retailing Stocks

The S&P 500 remains in a long-term uptrend and a shorter-term, YTD consolidation. The next key resistance level to be tested is the all-time...

Vermilion Research

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