Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

Technical Analysis

MSCI AC Asia Pacific Excluding Japan Index / Technical Analysis

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

MSCI AC Asia Pacific Excluding Japan Index

This year’s surge in MSCI Asia Pacific ex Japan is ending the rally pattern which began in Q2 2016.  Whilst the larger pattern off the Q1 2016 low is still incomplete, the overbought condition could produce as much as a 5-7% pause in the uptrend, and the coming months should therefore be characterised by volatile upward drift as the larger degree waves finish off.  In support of this view, Trend Strength remains above the zone which has coincided with the peaks of the past 20-odd years, and at…

This year’s surge in MSCI Asia Pacific ex Japan is ending the rally pattern which began in Q2 2016.  Whilst the larger pattern off the Q1 2016 low is still incomplete, the overbought condition could produce as much as a 5-7% pause in the uptrend, and the coming months should therefore be characterised by volatile upward drift as the larger degree waves finish off.  In support of this view, Trend Strength remains above the zone which has coincided with the peaks of the past 20-odd years, and at…

Asia Pacific Ex Japan: Pattern and Momentum Update

In the mid-October piece "The Message from Medium-Term Momentum", I argued that it was too strong for a near-term top, and illustrated three indicators which gave off warning signals at prior important tops over the past 20 years.  At the time, only one of the three contained a signal.Nearly two months on, and no further warning signals have appeared, as you will see in the first chart, but a correction has begun from the area of the 2007 high.The Elliott wave pattern of the past year is a 3rd…

In the mid-October piece "The Message from Medium-Term Momentum", I argued that it was too strong for a near-term top, and illustrated three indicators which gave off warning signals at prior important tops over the past 20 years.  At the time, only one of the three contained a signal.Nearly two months on, and no further warning signals have appeared, as you will see in the first chart, but a correction has begun from the area of the 2007 high.The Elliott wave pattern of the past year is a 3rd…

Asia Pacific Ex Japan: Just a Normal Correction, but up to 40 Points in MXAPJ.

A complete technical picture of an index will ideally contain around 10 independent inputs, but, after Elliott Wave, the one we look at next in the list is weekly momentum. There have been 5 bear markets in the past 20 years in Asia, and at least 4 of them show the classic three momentum signs we look for in any major index before it rolls over into a downtrend.Asia currently contains only one of those three.  We have discussed them below, and what it will take for the other two to appear.

A complete technical picture of an index will ideally contain around 10 independent inputs, but, after Elliott Wave, the one we look at next in the list is weekly momentum. There have been 5 bear markets in the past 20 years in Asia, and at least 4 of them show the classic three momentum signs we look for in any major index before it rolls over into a downtrend.Asia currently contains only one of those three.  We have discussed them below, and what it will take for the other two to appear. 

Asia Pacific Ex Japan: The Message from Medium-Term Momentum

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.

As all eyes are focused on Europe—the current darling trade—Asia is emerging as a technical leader. The MSCI All-Country Asia Index (below) is breaking out from a two-year base. Relative strength (vs. MSCI ACWI ex-US) depicts a similar pattern; after lagging since mid-2015, its RS trend has slowly rounded higher, resulting in the recent breakout. Combined, this warrants an overweight.Today’s report is a country by country review of leadership and actionable themes within the region, including stock recommendations.

As all eyes are focused on Europe—the current darling trade—Asia is emerging as a technical leader. The MSCI All-Country Asia Index (below) is breaking out from a two-year base. Relative strength (vs. MSCI ACWI ex-US) depicts a similar pattern; after lagging since mid-2015, its RS trend has slowly rounded higher, resulting in the recent breakout. Combined, this warrants an overweight.Today’s report is a country by country review of leadership and actionable themes within the region, including stock recommendations.

Independent, global risk consultancy, Control Risks

Aparajita Verma

Independent, global risk consultancy

Control Risks

Control Risks is an independent, global risk consultancy specialising in helping organisations manage political, integrity and security risks in complex and hostile environments. We support clients by providing strategic consultancy, expert analysis and in-depth investigations, handling sensitive political issues and providing practical on-the-ground protection and support.

Our unique combination of services, geographical reach and the trust our clients place in us ensure we can help them to effectively solve their problems and realise new opportunities across the world.

MSCI AC Asia Pacific Excluding Japan Index / ESG

It is clear that pressure to pay bribes for routine government services is a significant obstacle. This is especially the case when -- as often happens -- demands are accompanied by an implicit threat: “If you don’t pay, your business will suffer, if only from costly delays.”

It is clear that pressure to pay bribes for routine government services is a significant obstacle. This is especially the case when -- as often happens -- demands are accompanied by an implicit threat: “If you don’t pay, your business will suffer, if only from costly delays.”

Threats and Pressure Still Drive Facilitation Payments

China

The MSCI AC Asia Pacific excluding Japan Index is a free-float weighted equity index. It was developed with a base value of 100 as of December 31, 1987.

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

Asia Pacific Ex Japan: Pattern and Momentum Update

This year’s surge in MSCI Asia Pacific ex Japan is ending the rally pattern which began in Q2 2016. Whilst the larger pattern off the Q1 2016...

Peter Beuttell

Asia Pacific Ex Japan: Just a Normal Correction, but up to 40 Points in MXAPJ.

In the mid-October piece "The Message from Medium-Term Momentum", I argued that it was too strong for a near-term top, and illustrated three...

Peter Beuttell

Asia Pacific Ex Japan: The Message from Medium-Term Momentum

A complete technical picture of an index will ideally contain around 10 independent inputs, but, after Elliott Wave, the one we look at next in the...

Peter Beuttell

Asia: Developing Leadership

As all eyes are focused on Europe—the current darling trade—Asia is emerging as a technical leader. The MSCI All-Country Asia Index (below) is...

Vermilion Research

Threats and Pressure Still Drive Facilitation Payments

It is clear that pressure to pay bribes for routine government services is a significant obstacle. This is especially the case when -- as often...

Control Risks