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

Energy Select Sector SPDR Fund / Technical Analysis

<ul>
<li>We still see signs suggesting a test of the lows or a break to new lows is increasingly likely on the S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM).</li>
<li>One of those signs is the fact that defensives (Utilities, Staples, pharma, Real Estate) remain at new RS highs.</li>
<li>Meanwhile, WTI crude oil and the Bloomberg Commodity index (DJP) are breaking out from 1-month consolidations, signaling upside continuation. Stick with the commodity and defensive Sectors.</li>
</ul>


We still see signs suggesting a test of the lows or a break to new lows is increasingly likely on the S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM).
One of those signs is the fact that defensives (Utilities, Staples, pharma, Real Estate) remain at new RS highs.
Meanwhile, WTI crude oil and the Bloomberg Commodity index (DJP) are breaking out from 1-month consolidations, signaling upside continuation. Stick with the commodity and defensive Sectors.


Sticking With Commodity and Defensive Sectors; Buying Coal, Steel, Gold Stocks

<ul>
<li>Gold has been consolidating its gains following the major breakout above 1850, and is now bullishly inflecting above 1970 short-term resistance.</li>
<li>We believe this sets the stage for a test of the 2089 all-time highs, and we expect a breakout which would complete a 10-year cup-and-handle pattern.</li>
<li>Gold and silver miners (GDX, GDXJ, SILJ) are also breaking out -- overweight/add exposure. Now is an opportune time to get in on these fresh breakouts.</li>
</ul>


Gold has been consolidating its gains following the major breakout above 1850, and is now bullishly inflecting above 1970 short-term resistance.
We believe this sets the stage for a test of the 2089 all-time highs, and we expect a breakout which would complete a 10-year cup-and-handle pattern.
Gold and silver miners (GDX, GDXJ, SILJ) are also breaking out -- overweight/add exposure. Now is an opportune time to get in on these fresh breakouts.


Miners Breaking Out, Buy Gold & Silver Miners NEM, GOLD, FNV, AEM, AUY, SSRM, BTG, WPM, PAAS, Others

Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Provide Comprehensive Analysis & Commentary

SAV Markets

SAV Markets aims to provide comprehensive analysis & commentary on foreign exchange and asset markets. The approach is multi asset as markets are typically interlinked. Cause and effect are always at work, even if those effects take time to manifest. As nothing is permanent we strive to get ahead of the curve in an ever changing world.

<ul>
<li>Gold measured in equally weighted terms against the worlds largest currencies is approaching the all time high</li>
<li>There seems is not sufficient policy tools in this environment to tackle inflation</li>
<li>Further gains in Gold, Silver &amp; Platinum are should be seen</li>
</ul>


Gold measured in equally weighted terms against the worlds largest currencies is approaching the all time high
There seems is not sufficient policy tools in this environment to tackle inflation
Further gains in Gold, Silver &amp; Platinum are should be seen


<ul>
<li>The initial target on Silver was the 200 day moving average which has now been met</li>
<li>This moving average limited the gains on the previous two occasions so a close above if seen would be another bullish sign</li>
<li>What has also happened overnight however is that we have taken out a multi week &amp; month trend resistance which suggests further gains</li>
</ul>


The initial target on Silver was the 200 day moving average which has now been met
This moving average limited the gains on the previous two occasions so a close above if seen would be another bullish sign
What has also happened overnight however is that we have taken out a multi week &amp; month trend resistance which suggests further gains


<ul>
<li>Silver’s rally through&amp; close above $23.43 amounts to a bullish break which should open the way for a move to at least the 200 day moving average, currently at $24.63.</li>
<li>The more important level from a medium term perspective is $25.40</li>
<li>What is quite note-worthy is that the recent rally came on a day when the USD was higher</li>
</ul>


Silver’s rally through&amp; close above $23.43 amounts to a bullish break which should open the way for a move to at least the 200 day moving average, currently at $24.63.
The more important level from a medium term perspective is $25.40
What is quite note-worthy is that the recent rally came on a day when the USD was higher


United States

Silver is the metallic element with the atomic number 47. Its symbol is Ag, from the Latin argentum, derived from the Greek ὰργὀς (literally "shiny" or "white"), and ultimately from a Proto-Indo-European language root reconstructed as *h₂erǵ-, "grey" or "shining". A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining.

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Silver (SILVER COMDTY)

Sticking With Commodity and Defensive Sectors; Buying Coal, Steel, Gold Stocks

Crude oil and the Bloomberg Commodity index $DJP are breaking out from 1-month consolidations, signaling upside continuation. Stick with the...

Vermilion Research

Miners Breaking Out, Buy Gold & Silver Miners NEM, GOLD, FNV, AEM, AUY, SSRM, BTG, WPM, PAAS, Others

#Gold has been consolidating its gains following the major breakout above 1850, and is now bullishly inflecting above 1970 short-term resistance....

Vermilion Research

Gold Highs in Sight

The clear breakouts in Gold, Silver & Platinum all point to higher levels ahead as it becomes clear that inflation can not be tackled in this...

Shyam Devani

Silver: Initial Target Met, However..

Silver is approaching important levels after meeting the initial upside target. How is behaves over the days ahead should reveal the ultimate path.

Shyam Devani

Silver's Bullish Break

The break on Silver opens the way for further gains towards $24.63 & possibly $25.40 which is the big level to watch from a medium term perspective.

Shyam Devani

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