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

Despite a much more mixed market environment, our weight-of-the-evidence approach continues to support a constructive intermediate-term outlook. The bottom line: there is little evidence that suggests a pullback would be anything more than a buying opportunity.

Despite a much more mixed market environment, our weight-of-the-evidence approach continues to support a constructive intermediate-term outlook. The bottom line: there is little evidence that suggests a pullback would be anything more than a buying opportunity.

Defensives Are Worth A Look; Hang Seng, Shanghai Comp, Nikkei 225, STOXX 50 Support Levels Holding

Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Shanghai Stock Exchange Composite Index / Technical Analysis

The chart of XU1 shows we are now approaching decent levels with price action dynamics that warrant a closer look.Given the similarities in decline over the past several weeks compared to last year, there seems to be an opportunity for a measured long position.

The chart of XU1 shows we are now approaching decent levels with price action dynamics that warrant a closer look.Given the similarities in decline over the past several weeks compared to last year, there seems to be an opportunity for a measured long position.

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. 

FTSE China A50 Index / Technical Analysis

<a href="https://www.smartkarma.com/entities/shanghai-stock-exchange-composite-index" target="_blank" data-smartkarma-citation="entities:22907:1" rel="noopener">SSE Composite Index (SHCOMP INDEX)</a> showing impressive rally energy ahead of CNY, more importantly it shores up macro bull support off of the key 3,450 pivot support that targets new highs. This is a macro degree break, test and secondary impulse.Composite and A50 charts denote the bull support and driver for Asia. A50 shallow dip failed to hit the ideal 17,500 buy support zone and was breaking out above the 19k pivot level with 20,400 targeted. RSI saw a nice turn at support.

SSE Composite Index (SHCOMP INDEX) showing impressive rally energy ahead of CNY, more importantly it shores up macro bull support off of the key 3,450 pivot support that targets new highs. This is a macro degree break, test and secondary impulse.Composite and A50 charts denote the bull support and driver for Asia. A50 shallow dip failed to hit the ideal 17,500 buy support zone and was breaking out above the 19k pivot level with 20,400 targeted. RSI saw a nice turn at support.

Shanghai Composite Acceleration off of Buy Support

HSI short from 30k did kiss the 28k target and sets up a long trade into the next swing lower. Shanghai composite also met the 3,450 long support as the key driver for H shares and HK with some slippage/lag. A heavier global cycle will provide headwinds for the A50 initially which has yet to hit ideal buy support at 17,500 but now looks more promising.HSI will need more work to proof a low at pocket support on the back of a heavier global cycle in coming sessions.

HSI short from 30k did kiss the 28k target and sets up a long trade into the next swing lower. Shanghai composite also met the 3,450 long support as the key driver for H shares and HK with some slippage/lag. A heavier global cycle will provide headwinds for the A50 initially which has yet to hit ideal buy support at 17,500 but now looks more promising.HSI will need more work to proof a low at pocket support on the back of a heavier global cycle in coming sessions.

Cross Asset Strategy

Earlier this month a note titled <a href="https://www.smartkarma.com/insights/the-pain-and-the-gain-in-equities-and-fx" target="_blank" data-smartkarma-citation="insights:47142" rel="noopener">The Pain and the Gain in Equities and FX</a> was shared on SmartKarma trying to highlight the short term risks in these markets. In that note it was concluded that one should “look out for opportunities to re-engage in equity markets anywhere between 5%-10% below current levels. Similarly expect signals to short the USD again over the weeks ahead.”
As we now appear to be in the middle of this correction down in many equity indices, the following note attempts to highlight key support zones for major indices around the world in preparation for re-engaging in markets for a longer lasting and more underlying bull trend.

Earlier this month a note titled The Pain and the Gain in Equities and FX was shared on SmartKarma trying to highlight the short term risks in these markets. In that note it was concluded that one should “look out for opportunities to re-engage in equity markets anywhere between 5%-10% below current levels. Similarly expect signals to short the USD again over the weeks ahead.”
As we now appear to be in the middle of this correction down in many equity indices, the following note attempts to highlight key support zones for major indices around the world in preparation for re-engaging in markets for a longer lasting and more underlying bull trend. 

Where to Prepare for the 'Gain' in Equities

China

The Shanghai Stock Exchange Composite Index is a capitalization-weighted index. The index tracks the daily price performance of all A-shares and B-shares listed on the Shanghai Stock Exchange. The index was developed on December 19, 1990 with a base value of 100. 

Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

Defensives Are Worth A Look; Hang Seng, Shanghai Comp, Nikkei 225, STOXX 50 Support Levels Holding

A review of major global indexes reveals an absence of major breakdowns. We highlight opportunities within defensive Sectors (Real Estate, Consumer...

Vermilion Research

Bull in a China Shop?

Price action developments around key levels suggest the worst is behind us for Chinese markets which are now at risk of seeing a rebound

Shyam Devani

Shanghai Composite Acceleration off of Buy Support

SSE Composite Index showing impressive rally energy that shores up macro bull support off of the key 3,450 support that targets new highs. A macro...

Thomas Schroeder

HSI Short and Composite Target Met

HSI short from 30k did kiss the 28k target. Shanghai composite also met the 3,450 long support as the key driver for H shares and HK with some...

Thomas Schroeder

Where to Prepare for the 'Gain' in Equities

As we correct down in many equity indices, this note attempts to identify levels where markets are likely to be supported

Shyam Devani