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

The recent global sell-off has caused consternation and confusion among equity investors.  We provide a technical appraisal of the current state of the U.S. equity market, and provide some perspective and guidance for navigating the current period of heightened volatility.

The recent global sell-off has caused consternation and confusion among equity investors.  We provide a technical appraisal of the current state of the U.S. equity market, and provide some perspective and guidance for navigating the current period of heightened volatility.

Technical Appraisal and Expectations for the U.S. Equity Market

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. 

FIFO long sequence starts with Hong Kong and Korea which are resting on macro support zones where we are taking a bet.Relative lead signals in leadership stocks like Tencent, SEC, SK Hynix and TSMC are typically required for a meaningful cycle turn.SOX weakness weighing on correlated stocks in in Asia. Watch SMH 95 support.Long risk to reward favorable for tactical year-end recovery in markets that led the decline with the latent group facing a harder battle.Nailing an S&amp;P low per our short call in the making for late October.

FIFO long sequence starts with Hong Kong and Korea which are resting on macro support zones where we are taking a bet.Relative lead signals in leadership stocks like Tencent, SEC, SK Hynix and TSMC are typically required for a meaningful cycle turn.SOX weakness weighing on correlated stocks in in Asia. Watch SMH 95 support.Long risk to reward favorable for tactical year-end recovery in markets that led the decline with the latent group facing a harder battle.Nailing an S&amp;P low per our short call in the making for late October.

FIFO Long Transition and Lead Signals for a Low in Asia

Over 25-yrs in Global Materials & Soft Commodities

Charles Spencer

Commodities

INVESTMENT VIEW: Since mid-March there has been the emergence of a negatively sloped correlation between <a href="https://www.smartkarma.com/entities/22870" target="_blank" data-smartkarma-citation="entities:22870:1">Gold (GOLD COMDTY)</a> and the <a href="https://www.smartkarma.com/entities/22886" target="_blank" data-smartkarma-citation="entities:22886:1">S&amp;P 500 (SPX INDEX)</a> with a meaningfully high correlation coefficient of 0.8 since mid-March. 
Parallels could be made to 2011 when Gold also stepped up as the preferred hedge against falling equities, as bonds weren't trusted because of the US debt ceiling crisis.     
We remain short <a href="https://www.smartkarma.com/entities/8632" target="_blank" data-smartkarma-citation="entities:8632:1">Spdr Gold Shares (GLD US)</a> ...and hope equities don't crash...

INVESTMENT VIEW: Since mid-March there has been the emergence of a negatively sloped correlation between Gold (GOLD COMDTY) and the S&amp;P 500 (SPX INDEX) with a meaningfully high correlation coefficient of 0.8 since mid-March. 
Parallels could be made to 2011 when Gold also stepped up as the preferred hedge against falling equities, as bonds weren't trusted because of the US debt ceiling crisis.     
We remain short Spdr Gold Shares (GLD US) ...and hope equities don't crash...

Gold Is Being Used to Hedge an Equity Crash

Partner, River Valley Asset Management

River Valley Asset Management

Partner

Singapore-based boutique asset management firm

River Valley Asset Management is a Singapore-based boutique asset management firm. Our team at RVAM strongly believes in being a trusted steward of our clients' wealth across generations.

Each of our fund managers has years of rich portfolio management experience over multiple market cycles at world-class investment houses. We bring our clients the combined strength of our investment team to manage their financial portfolios and to provide bespoke guidance on all aspects of their financial health.

We offer multi-asset class expert investment advice to accredited investors who are family offices, high net worth individuals and institutional investors to preserve and grow our clients' wealth.

The fund management team of the company includes Homiyar Vasania, Anand Ramachandran and Jamshed Desai.

Thematic (Sector/Industry)

We often get asked to compare the quantum, source and quality of the return from the US market and the return from Asian markets (<a href="http://www.rivervalleyasset.com/" target="_blank">River Valley Asset's </a>home market) from the perspective of where more wealth has been created over time, how investors can participate in this wealth creation and the sustainability of this wealth creation. With diverging performance of Asian &amp; US markets this year, it is a topical question and in this short analysis we try to address some of the issues. We look at long run returns in each market, the earnings growth, the valuation and how it has changed over two decades. While it is easy to get caught up in the headlines, facts are what they are the numbers actually tell their own story, which from an Asian context looks compelling.

We often get asked to compare the quantum, source and quality of the return from the US market and the return from Asian markets (River Valley Asset's home market) from the perspective of where more wealth has been created over time, how investors can participate in this wealth creation and the sustainability of this wealth creation. With diverging performance of Asian &amp; US markets this year, it is a topical question and in this short analysis we try to address some of the issues. We look at long run returns in each market, the earnings growth, the valuation and how it has changed over two decades. While it is easy to get caught up in the headlines, facts are what they are the numbers actually tell their own story, which from an Asian context looks compelling.

With major indexes testing support last week, we highlighted that while we expect to see indexes firm up based on YTD trends, the potential for breakdowns was not far off. In today’s report we assess the damage and highlight key support levels.  We also highlight attractive Groups  and stocks within the Materials, Utilities, and Consumer Staples Sectors.

With major indexes testing support last week, we highlighted that while we expect to see indexes firm up based on YTD trends, the potential for breakdowns was not far off. In today’s report we assess the damage and highlight key support levels.  We also highlight attractive Groups  and stocks within the Materials, Utilities, and Consumer Staples Sectors.

Key Support Levels Being Tested for U.S. Indexes

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P 500 INDEX (SPX INDEX)

Technical Appraisal and Expectations for the U.S. Equity Market

The recent global sell-off has caused consternation and confusion among equity investors. We provide a technical appraisal of the current state of...

Vermilion Research

FIFO Long Transition and Lead Signals for a Low in Asia

FIFO long sequence starts with Hong Kong and Korea which are resting on macro support zones where we are taking a bet.Relative lead signals in...

Thomas Schroeder

Gold Is Being Used to Hedge an Equity Crash

INVESTMENT VIEW:Since mid-March there has been the emergence of a negatively sloped correlation between Gold (GOLD COMDTY) and the S&P 500 (SPX...

Charles Spencer

Tale of Two Markets - Asia & USA

We often get asked to compare the quantum, source and quality of the return from the US market and the return from Asian markets (River Valley...

River Valley Asset Management

Key Support Levels Being Tested for U.S. Indexes

With major indexes testing support last week, we highlighted that while we expect to see indexes firm up based on YTD trends, the potential for...

Vermilion Research