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

NASDAQ Composite Index / Technical Analysis

<ul>
<li>Following last week's pullback, a consistent theme we are seeing is that many broad market indexes and Sector ETFs are holding above (and bouncing at) major base supports.</li>
<li>As long as these base supports continue to hold, it tells us this is likely just a normal pullback within the overall bullish trend.</li>
<li>Important supports that we need to see hold in order to remain bullish include 4600 on the S&amp;P 500 and 14,400 on the Nasdaq Composite.</li>
</ul>


Following last week's pullback, a consistent theme we are seeing is that many broad market indexes and Sector ETFs are holding above (and bouncing at) major base supports.
As long as these base supports continue to hold, it tells us this is likely just a normal pullback within the overall bullish trend.
Important supports that we need to see hold in order to remain bullish include 4600 on the S&amp;P 500 and 14,400 on the Nasdaq Composite.


Major Base Supports Holding; DXY Testing the 2-Month Downtrend; 4600 on SPX Remains Key Support

<ul>
<li>Since January 2023 we've anticipated for 4165-4200 to cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.</li>
<li>In our 5/2/23 Compass we discussed how the Nasdaq Composite was testing 12,300 resistance, and that a breakout and reach to 13,180 is possible.</li>
<li>The Nasdaq Composite hit 13,154 Tuesday as Technology (XLK), and to a lesser extent Communications (XLC), are seemingly in a blowoff stage, while all other Sectors are neutral to bearish.</li>
</ul>


Since January 2023 we've anticipated for 4165-4200 to cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.
In our 5/2/23 Compass we discussed how the Nasdaq Composite was testing 12,300 resistance, and that a breakout and reach to 13,180 is possible.
The Nasdaq Composite hit 13,154 Tuesday as Technology (XLK), and to a lesser extent Communications (XLC), are seemingly in a blowoff stage, while all other Sectors are neutral to bearish.


Downgrading Discretionary & Health Care to Market Weight, Staples & Utilities to Underweight

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

<div>
<strong>Chartonics flash </strong>Saturday 1 July 2017</div><div><strong> </strong></div><div><strong>NDX buy support and internals</strong></div><p>Pinpointing support and a bullish turn in the NDX is a primary driver in the next week or so.</p><div>Breadth has held up fairly well outside of a decline in NYSE new highs. A/D line slipped marginally and is resting on important pattern support while gunning for a final nudge up to pattern resistance near the March high. Stocks trading above their 200 and 50 dma's are holding steady (neutral to marginally bullish). A break below A/D line…</div>


Chartonics flash Saturday 1 July 2017 NDX buy support and internalsPinpointing support and a bullish turn in the NDX is a primary driver in the next week or so.Breadth has held up fairly well outside of a decline in NYSE new highs. A/D line slipped marginally and is resting on important pattern support while gunning for a final nudge up to pattern resistance near the March high. Stocks trading above their 200 and 50 dma's are holding steady (neutral to marginally bullish). A break below A/D line…

<div><strong>Chartonics</strong></div><p>Wednesday 21 June 2017</p><div><strong>NDX and HYG charts</strong></div><p>Tech and high yield corporate bond charts (NDX and HYG) denote key pivot points to keep an eye on.</p><p>NDX shows clean trendline support with a price inflection level at 5,633 (5,630). 5,775 recent high represents the level to clear to challenge recent highs. Risk lies with a C wave uptick above 5,775, if we fade back below this level it would induce a weaker signal.</p><p>Previous 1-2 downside spikes have marked key lows and followed by strength to new…</p>

ChartonicsWednesday 21 June 2017NDX and HYG chartsTech and high yield corporate bond charts (NDX and HYG) denote key pivot points to keep an eye on.NDX shows clean trendline support with a price inflection level at 5,633 (5,630). 5,775 recent high represents the level to clear to challenge recent highs. Risk lies with a C wave uptick above 5,775, if we fade back below this level it would induce a weaker signal.Previous 1-2 downside spikes have marked key lows and followed by strength to new…

United States

The NASDAQ Composite Index is a broad-based capitalization-weighted index of stocks in all three NASDAQ tiers: Global Select, Global Market and Capital Market. The index was developed with a base level of 100 as of February 5, 1971.

NASDAQ Composite Index (CCMP INDEX)

Major Base Supports Holding; DXY Testing the 2-Month Downtrend; 4600 on SPX Remains Key Support

A consistent theme we are seeing is that many broad market indexes and Sector ETFs are holding above (and bouncing at) major base supports...

Vermilion Research

Downgrading Discretionary & Health Care to Market Weight, Staples & Utilities to Underweight

5/2/23 we discussed how $Nasdaq Comp was testing 12,300 resistance, and that a breakout and reach to 13,180 was possible. It hit 13,154 Tuesday as...

Vermilion Research

NDX Buy Support as US Internals Sputter

Chartonics flash Saturday 1 July 2017 NDX buy support and internalsPinpointing support and a bullish turn in the NDX is a primary driver in the...

Thomas Schroeder

NDX and HYG Chart Inflections

ChartonicsWednesday 21 June 2017NDX and HYG chartsTech and high yield corporate bond charts (NDX and HYG) denote key pivot points to keep an eye...

Thomas Schroeder