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

VanEck Gold Miners ETF/USA / Technical Analysis

<ul>
<li>We remain bullish on the S&amp;P 500 and Nasdaq 100 (QQQ), as they both refuse to close below their 20-day MAs or 21-day EMAs for more than 2-3 consecutive days.</li>
<li>Once we do get 2-3 closes below the 20-day MAs on SPX and QQQ, it would mark the beginning of a pullback (a potentially rapid one, at that)</li>
<li>Next supports currently at 4983-5050 on the S&amp;P 500 and $425-$433 on QQQ (gap supports from 2/22/24), but anything in the 4800-4930 SPX range is a buyable pullback.</li>
</ul>


We remain bullish on the S&amp;P 500 and Nasdaq 100 (QQQ), as they both refuse to close below their 20-day MAs or 21-day EMAs for more than 2-3 consecutive days.
Once we do get 2-3 closes below the 20-day MAs on SPX and QQQ, it would mark the beginning of a pullback (a potentially rapid one, at that)
Next supports currently at 4983-5050 on the S&amp;P 500 and $425-$433 on QQQ (gap supports from 2/22/24), but anything in the 4800-4930 SPX range is a buyable pullback.


More Long-Term Breakouts in Energy, Utilities, Gold Miners; Bullish Outlook Intact

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

<ul>
<li>If you are concerned about the YOLO and FOMO frenzy in the stock market, you may wish to consider gold and gold mining stocks as refuges.</li>
<li>The technical pattern for gold is constructive, but not unabashedly bullish. </li>
<li>Gold miners appear to be washed out against gold and present the best opportunity for gains in the next 6–12 months.</li>
</ul>


If you are concerned about the YOLO and FOMO frenzy in the stock market, you may wish to consider gold and gold mining stocks as refuges.
The technical pattern for gold is constructive, but not unabashedly bullish. 
Gold miners appear to be washed out against gold and present the best opportunity for gains in the next 6–12 months.


Gold Miners: Refuge From the YOLO and FOMO Frenzy

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A weekly review of recent events impacting our investment themes</li>
<li>Changing consumer preferences impact the Chinese May day  travel data</li>
<li>Cosnumers in the US and Japan face different issues  with real incomes declining</li>
</ul>


A weekly review of recent events impacting our investment themes
Changing consumer preferences impact the Chinese May day  travel data
Cosnumers in the US and Japan face different issues  with real incomes declining


Overview #4 - Analysis of Chinese Travel Data Is on the Wrong Path.

<ul>
<li>Discussed risk/reward favored buyers in late-October as supports were being tested (October 24 and 31), then we outlined on 11/7/23 our belief that a significant year-end rally was likely underway.</li>
<li>New market-generated information has continued to be risk-on, which has only reinforced our bullish outlook on the broad equity market.  We continue to expect a rally into year-end and beyond</li>
<li>Gold and silver are bullishly inflecting, and we are buying GLD, SLV, and the miners (GDX, GDXJ)</li>
</ul>


Discussed risk/reward favored buyers in late-October as supports were being tested (October 24 and 31), then we outlined on 11/7/23 our belief that a significant year-end rally was likely underway.
New market-generated information has continued to be risk-on, which has only reinforced our bullish outlook on the broad equity market.  We continue to expect a rally into year-end and beyond
Gold and silver are bullishly inflecting, and we are buying GLD, SLV, and the miners (GDX, GDXJ)


Continue to Ride the Trend Higher; Buying Gold, Silver, Miners $GDX $GDXJ $GLD $SLV

<ul>
<li>A monthly review of how the markets and our themes are currently performing</li>
<li>Analysing what went wrong and what went right in stocks and sectors</li>
<li>Highlighting positions added or removed from the thematic investment portfolio</li>
</ul>


A monthly review of how the markets and our themes are currently performing
Analysing what went wrong and what went right in stocks and sectors
Highlighting positions added or removed from the thematic investment portfolio


April Themes and Thematic Portfolio Review

United States

VanEck Gold Miners ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the NYSE Arca Gold Miners Index. The ETF invests in materials stocks of all cap sizes across the globe. Its largest allocation is in North American companies, principally those domiciled in Canada. The ETF weights the holdings using a market capitalization methodology.

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VanEck Gold Miners ETF/USA (GDX US)

More Long-Term Breakouts in Energy, Utilities, Gold Miners; Bullish Outlook Intact

More Long-Term Breakouts in Energy $XLE $RSPG, Utilities $XLU, and Gold Miners $GDX $GDXJ $AEM $RGLD $EGO $SA $IAG; Rally Broadening Out; Bullish...

Vermilion Research

Gold Miners: Refuge From the YOLO and FOMO Frenzy

If you are concerned about the YOLO and FOMO frenzy in the stock market, you may wish to consider gold and gold mining stocks as refuges.

Cam Hui

Overview #4 - Analysis of Chinese Travel Data Is on the Wrong Path.

Changing consumer preferences affecting Chinese May Day travel data, while consumers in the US and Japan are dealing with declining real incomes.

Rikki Malik

Continue to Ride the Trend Higher; Buying Gold, Silver, Miners $GDX $GDXJ $GLD $SLV

New market-generated information continues to be risk-on, which has only reinforced our bullish outlook on the broad equity market. We still expect...

Vermilion Research

April Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

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52-week Range

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