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

William Demant Holding A/S / Technical Analysis

<ul>
<li>Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass). We also remain near-term bullish on MSCI ACWI since our 4/23/26 Int’l Compass.</li>
<li>No reason to be anything but bullish if ACWI-US is above its 2-month base at $158-$159, ACWX-US is above $76-$76.50, and EFA-US is above its 6-month base at $105-$105.50.</li>
<li>These levels are being tested now; we expect these levels to hold, and we would get more cautious if they break.</li>
</ul>


Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass). We also remain near-term bullish on MSCI ACWI since our 4/23/26 Int’l Compass.
No reason to be anything but bullish if ACWI-US is above its 2-month base at $158-$159, ACWX-US is above $76-$76.50, and EFA-US is above its 6-month base at $105-$105.50.
These levels are being tested now; we expect these levels to hold, and we would get more cautious if they break.


MSCI ACWI Testing Base Support; Focus on Non-A.I. Areas: Energy, Shipping, Healthcare,Software,Telco

VanEck Oil Services ETF / Technical Analysis

<ul>
<li>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM).</li>
<li>As long as last Wednesday's (Aug. 12) bullish gaps remain unfilled and hold as support on semiconductors (SOXX, SMH), generative A.I. (CHAT), memory(DRAM), neoclouds(NCLD), and momentum(MTUM), bulls are in control</li>
<li>Specifically, we are bullish as long as price is above last Tuesday's highs on the aforementioned ETFs. On SPX, we will remain bullish as long as support at 7580-7629 holds.</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM).
As long as last Wednesday's (Aug. 12) bullish gaps remain unfilled and hold as support on semiconductors (SOXX, SMH), generative A.I. (CHAT), memory(DRAM), neoclouds(NCLD), and momentum(MTUM), bulls are in control
Specifically, we are bullish as long as price is above last Tuesday's highs on the aforementioned ETFs. On SPX, we will remain bullish as long as support at 7580-7629 holds.


Energy Improving; Levels to Watch on A.I. And Technology $SOXX $CHAT $DRAM $MTUM

Coca-Cola Europacific Partners / Technical Analysis

<ul>
<li>Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass). We also remain near-term bullish on MSCI ACWI since our 4/23/26 Int’l Compass.</li>
<li>Support at $152.35-$153.70 on ACWI-US must continue to hold for us to maintain our near-term bullish outlook; and as long as this holds, this consolidation appears healthy</li>
<li>Technology has continued to move sideways-to-lower, and we still believe the "rotation trade" that we have been recommending since May 29 will continue to work for the foreseeable future.</li>
</ul>


Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass). We also remain near-term bullish on MSCI ACWI since our 4/23/26 Int’l Compass.
Support at $152.35-$153.70 on ACWI-US must continue to hold for us to maintain our near-term bullish outlook; and as long as this holds, this consolidation appears healthy
Technology has continued to move sideways-to-lower, and we still believe the "rotation trade" that we have been recommending since May 29 will continue to work for the foreseeable future.


Continue to Avoid A.I. Areas; Korea Slicing Through Supports

Fundamental Analyses, Contrarian Cashflows

Contrarian Cashflows

Fundamental Analyses

The purpose of Contrarian Cashflows is to document my investment research and share it with everyone who is interested in value investing. My long term aspiration for Contrarian Cashflows is to become a platform for professional investors and serious amateurs where they can get inspiration and discuss investing-related topics.
I plan to publish one company deep dive per month that is guided by my investment approach. All information I use for my write-ups is publicly available and most of the time directly sourced from public filings issued by the respective companies. To guarantee maximum transparency, for every post I provide a list of all used sources in the resources section.
Contrarian Cashflows is built around the principles of respect, honesty, open-mindedness and a touch of humour. Please consider these principles in any engagement interaction with me, other readers and the content on this blog. Misbehaviour is not tolerated.
If you want to reach out to me directly, the best way is via LinkedIn, Twitter or email. You can find the details at my homepage contrariancashflows.com

Thematic (Sector/Industry)

<ul><li>Each week, I’ll share five intriguing investment ideas that recently caught my attention.</li><li>These ideas are meant to spark your research and help you kickstart the week ahead with fresh insights.</li><li>Because these ideas are the result of my first-level idea generation process, they require more in depth research. Therefore, the ideas will often be concise, with occasional references to valuable work from other practitioners that I encourage you to explore.</li></ul>

Each week, I’ll share five intriguing investment ideas that recently caught my attention.These ideas are meant to spark your research and help you kickstart the week ahead with fresh insights.Because these ideas are the result of my first-level idea generation process, they require more in depth research. Therefore, the ideas will often be concise, with occasional references to valuable work from other practitioners that I encourage you to explore.

EURO STOXX 50 Price EUR / Technical Analysis

<ul>
<li>We continue to view the latest pullback as healthy and normal within the ongoing bull market on MSCI ACWI (ACWI-US) and the EURO STOXX 50, as discussed April 18</li>
<li>Discussed last Thursday(4/18/24) how further downside may be limited with these indexes 4-5% off their highs, combined with ACWI-US testing gap support ($105) and the EURO STOXX50 testing 6-month uptrend. </li>
<li>So far, these supports have held strong, and Japan's TOPIX has also held strong above 2615 support -- with all producing strong bounces far this week.</li>
</ul>


We continue to view the latest pullback as healthy and normal within the ongoing bull market on MSCI ACWI (ACWI-US) and the EURO STOXX 50, as discussed April 18
Discussed last Thursday(4/18/24) how further downside may be limited with these indexes 4-5% off their highs, combined with ACWI-US testing gap support ($105) and the EURO STOXX50 testing 6-month uptrend. 
So far, these supports have held strong, and Japan's TOPIX has also held strong above 2615 support -- with all producing strong bounces far this week.


Upgrading Europe to Overweight; Supports Holding on MSCI ACWI, ACWI Ex-US, EAFE, and EM

France

Publicis Groupe SA offers advertising services.  The Company develops advertising campaigns and sells advertising on billboards and urban furniture, in newspapers and magazines, on radio, and in movie theaters.  Publicis offers direct marketing, customer relationship marketing, sales promotion, public relations and human resources services, and operates retail drugstores.

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Publicis Groupe Sa (PUB FP)

MSCI ACWI Testing Base Support; Focus on Non-A.I. Areas: Energy, Shipping, Healthcare,Software,Telco

MSCI $ACWI Testing Base Support ($158-$159 and $156.50); Focusing on Non-A.I. Areas. Actionable Themes: Energy, Marine Shipping, Services, Health...

Vermilion Research

Energy Improving; Levels to Watch on A.I. And Technology $SOXX $CHAT $DRAM $MTUM

Energy $XLE $OIH $IEO Improving; Levels to Watch in A.I. and Technology Areas $CHAT $SOXX $MTUM $DRAM. Still bullish $SPX, but some reason for...

Vermilion Research

Continue to Avoid A.I. Areas; Korea Slicing Through Supports

Continue to Avoid A.I. Areas; Korea Slicing Through Supports. Actionable Themes: Services, Health Care, Consumer Staples, and Real Estate

Vermilion Research

Monday Delight: 15/06/2026

Each week, I’ll share five intriguing investment ideas that recently caught my attention. These ideas are meant to spark your research and help...

Contrarian Cashflows

Upgrading Europe to Overweight; Supports Holding on MSCI ACWI, ACWI Ex-US, EAFE, and EM

Upgrading Europe to Overweight EURO $STOXX 50 $FEZ; Supports Holding on MSCI $ACWI, $ACWX, $EFA, and $EEM. Latest 4-6% pullback remains healthy...

Vermilion Research

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