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

iShares Russell 2000 ETF / Technical Analysis

Risk-on signals remain the dominant theme. As a result, we continue to believe we are close to exiting the "mixed market environment" in favor of a new, broad-based advance.  One of those risk-on signals is that the S&amp;P 400 Mid-Caps (IJH) are breaking out to new highs, and we expect small-caps (IWM) to follow.Charts highlighted: IJH, IWM, XOP, XLF, RCD, XLI, XLP, XLU, PPH, IYZ, COP, EOG, PXD, OXY, DVN, CLR, BK, SBNY, STL, UBSI, FNB, WTFC, UMBF, ASB, MOS, CF, ICL, UAN, and IPI

Risk-on signals remain the dominant theme. As a result, we continue to believe we are close to exiting the "mixed market environment" in favor of a new, broad-based advance.  One of those risk-on signals is that the S&amp;P 400 Mid-Caps (IJH) are breaking out to new highs, and we expect small-caps (IWM) to follow.Charts highlighted: IJH, IWM, XOP, XLF, RCD, XLI, XLP, XLU, PPH, IYZ, COP, EOG, PXD, OXY, DVN, CLR, BK, SBNY, STL, UBSI, FNB, WTFC, UMBF, ASB, MOS, CF, ICL, UAN, and IPI

US Equity Strategy: Mid-Caps Breaking Out, Are Small-Caps Next? Buying Energy, Financials, Materials

Market dynamics remain largely healthy, and new developments continue to point to improving risk appetites. Still, Energy (XOP, RYE) is the only cyclical value Sector that has been able to decisively break to new price highs, while others remain in congestion. Therefore, our outlook remains neutral yet constructive overall, and we see pullbacks as buying opportunities.Charts highlighted: XLF, Copper, IWM, MCHI, KRE, XLB, S&amp;P 500, CNQ, SU, IMO, CVE, OVV, COP, EOG, PXD, OXY, HES, DVN, CLR, CFR, PB, BOKF, IBTX, TBK, BSVN, BAC, WFC, USB, PNC, TFC, FITB, KEY, RF, and CMA

Market dynamics remain largely healthy, and new developments continue to point to improving risk appetites. Still, Energy (XOP, RYE) is the only cyclical value Sector that has been able to decisively break to new price highs, while others remain in congestion. Therefore, our outlook remains neutral yet constructive overall, and we see pullbacks as buying opportunities.Charts highlighted: XLF, Copper, IWM, MCHI, KRE, XLB, S&amp;P 500, CNQ, SU, IMO, CVE, OVV, COP, EOG, PXD, OXY, HES, DVN, CLR, CFR, PB, BOKF, IBTX, TBK, BSVN, BAC, WFC, USB, PNC, TFC, FITB, KEY, RF, and CMA

U.S. Equity Strategy: Risk Appetites Improving; Watching Financials, Copper, US Dollar

Last week we noted that in order for us to turn bullish on the broad market, we need to see breakouts to YTD highs in small-caps (IWM), Financials (XLF), Energy (XOP), and equal-weighted Discretionary (RCD). We now have the breakout we needed in Energy (RYE, XOP), but the other areas are still consolidating. Therefore, we still see a mixed market and we remain neutral yet constructive overall.Stocks highlighted: XOP, WTI Crude Oil, IWD, IWM, S&amp;P 500, Equal-weighted Nasdaq 100 (QQEW), HLT, SEAS, DRI, PLAY, COP, EOG, PXD, OXY, DVN, CLR, CTRA, FANG, MRO, XEC, APA, AR, MUR, RRC, SWN, MTDR, PDCE, SM, BSM, CPE, VNOM, LPI, DMLP, CHX, WHD, NOA, TTI, NR, EXTN, NGS, FET, and CCLP

Last week we noted that in order for us to turn bullish on the broad market, we need to see breakouts to YTD highs in small-caps (IWM), Financials (XLF), Energy (XOP), and equal-weighted Discretionary (RCD). We now have the breakout we needed in Energy (RYE, XOP), but the other areas are still consolidating. Therefore, we still see a mixed market and we remain neutral yet constructive overall.Stocks highlighted: XOP, WTI Crude Oil, IWD, IWM, S&amp;P 500, Equal-weighted Nasdaq 100 (QQEW), HLT, SEAS, DRI, PLAY, COP, EOG, PXD, OXY, DVN, CLR, CTRA, FANG, MRO, XEC, APA, AR, MUR, RRC, SWN, MTDR, PDCE, SM, BSM, CPE, VNOM, LPI, DMLP, CHX, WHD, NOA, TTI, NR, EXTN, NGS, FET, and CCLP

Upgrading Energy To Overweight; WTI Crude Oil and XOP With Major Long-Term Breakouts

Independent Research, Turtles all the way down

Turtles all the way down

Independent Research

Writing short articles about mis-priced boring stocks around the world.

Equity Bottom-Up

Whenever I get a bit too interested in macro economics I see it as a signal that I need reduce my commodity exposure. I wrote short write-ups on CLF (steel), PXD (mostly oil) and TOU (mostly gas) in the past month or so. And was long all three. I still like them, but not enough to hold on to them.

Whenever I get a bit too interested in macro economics I see it as a signal that I need reduce my commodity exposure. I wrote short write-ups on CLF (steel), PXD (mostly oil) and TOU (mostly gas) in the past month or so. And was long all three. I still like them, but not enough to hold on to them.

Cleveland-Cliffs, Pioneer Natural Resources, Tourmaline Oil: Too Much Commodity Exposure

Pioneer Natural Resources / Equity Bottom-Up

~8x 2022 PE at $64 oil, nearly debt free EBIT Break even at ~$30 WTI 75% payout, so about 10% 2022 dividend yield 15% of Permian production 20-30 year A+ drilling inventory Returning 50% of market cap in next 5 years in dividends assuming slowly declining oil prices I am quite deep in natural gas equities, Mesa Royalty Trust and Tourmaline .

~8x 2022 PE at $64 oil, nearly debt free EBIT Break even at ~$30 WTI 75% payout, so about 10% 2022 dividend yield 15% of Permian production 20-30 year A+ drilling inventory Returning 50% of market cap in next 5 years in dividends assuming slowly declining oil prices I am quite deep in natural gas equities, Mesa Royalty Trust and Tourmaline .

United States

Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The Company engages in onshore oil and gas drilling, exploration and production in the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Pioneer Natural Resources (PXD US)

US Equity Strategy: Mid-Caps Breaking Out, Are Small-Caps Next? Buying Energy, Financials, Materials

Risk-on signals remain the dominant theme. One of those risk-on signals is that the S&P 400 Mid-Caps (IJH) are breaking out to new highs, and we...

Vermilion Research

U.S. Equity Strategy: Risk Appetites Improving; Watching Financials, Copper, US Dollar

Financials (XLF) are on the cusp of a breakout above $39, while copper is on the cusp of a breakout above $4.38; breakouts above resistance would...

Vermilion Research

Upgrading Energy To Overweight; WTI Crude Oil and XOP With Major Long-Term Breakouts

Recent developments lead us to believe that Energy is likely to outperform moving forward: WTI crude oil is breaking above $77, and the RYE and XOP...

Vermilion Research

Cleveland-Cliffs, Pioneer Natural Resources, Tourmaline Oil: Too Much Commodity Exposure

Whenever I get a bit too interested in macro economics I see it as a signal that I need reduce my commodity exposure. I wrote short write-ups on...

Turtles all the way down

Pioneer Natural Resources

~8x 2022 PE at $64 oil, nearly debt freeEBIT Break even at ~$30 WTI75% payout, so about 10% 2022 dividend yield15% of Permian...

Turtles all the way down

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)