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 rate surge has upset the picture for growth stocks and, consequently, the S&amp;P 500 is going through a consolidation phase. While we cannot say precisely how deep this pullback will be or if the lows are already in, ongoing positive market dynamics tell us the pullback is likely to be contained and therefore should be viewed as a buying opportunity. With that said, a break below 3789 would signal additional downside ahead. In today’s report we highlight attractive Groups and stocks within Energy and Manufacturing (Agricultural Equipment).

The recent rate surge has upset the picture for growth stocks and, consequently, the S&amp;P 500 is going through a consolidation phase. While we cannot say precisely how deep this pullback will be or if the lows are already in, ongoing positive market dynamics tell us the pullback is likely to be contained and therefore should be viewed as a buying opportunity. With that said, a break below 3789 would signal additional downside ahead. In today’s report we highlight attractive Groups and stocks within Energy and Manufacturing (Agricultural Equipment).

U.S. Equity Strategy: Upgrading Financials, Downgrading Technology & Consumer Discretionary

<div>The action we are seeing in broad indexes, Sectors, and in market dynamics continues to support our overall bullish outlook. Additionally, the mild deterioration in market dynamics that we discussed the past two weeks is now much less of a concern. Continue to buy dips. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Energy, and Health Care.</div>

The action we are seeing in broad indexes, Sectors, and in market dynamics continues to support our overall bullish outlook. Additionally, the mild deterioration in market dynamics that we discussed the past two weeks is now much less of a concern. Continue to buy dips. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Energy, and Health Care.

U.S. Equity Strategy: Bullish Outlook Intact

New and ongoing developments continue to support our bullish outlook. In the “new” column, we have bullish inflections in Treasury yields, the value vs. growth ratio, and broad commodities (Bloomberg Commodity index). These are classic signs that the economy is improving and is historically consistent with prior equity bull markets. Another new development is the market becoming increasingly overbought. As we outline in today's report, being “overbought” is far from a sell signal.  We also highlight attractive Groups and stocks within Energy and Materials: Large-, Mid-, and Small-Cap Domestic Oil &amp; Gas E&amp;P , Chemicals, Diversified, and Specialty Chemicals, Petro/Basic/Commodity.

New and ongoing developments continue to support our bullish outlook. In the “new” column, we have bullish inflections in Treasury yields, the value vs. growth ratio, and broad commodities (Bloomberg Commodity index). These are classic signs that the economy is improving and is historically consistent with prior equity bull markets. Another new development is the market becoming increasingly overbought. As we outline in today's report, being “overbought” is far from a sell signal.  We also highlight attractive Groups and stocks within Energy and Materials: Large-, Mid-, and Small-Cap Domestic Oil &amp; Gas E&amp;P , Chemicals, Diversified, and Specialty Chemicals, Petro/Basic/Commodity.

U.S. Equity Strategy: Value Overtaking Growth; Treasury Yields and Commodities Bottoming

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. 

<a href="https://www.smartkarma.com/entities/w-t-offshore-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:12370:1">W&amp;T Offshore (WTI US)</a> continues to show a bear bias from our recent sell call at 52 with demand and output concerns weighing. From a chart perspective we have outlined downside projection target where we want to closer shorts and try to bottom pick under the assumption that  OPEC parties come back to the table after being nudging by global leaders.The break of the old macro floor at 52 will now act as resistance on any forward rally cycle. This represents a macro breakdown.WTI's gap down will now act as resistance but is a very wide gap zone to manage. Immediate resistance lies at  36 with pattern resistance closer to  34. After gapping down, a flat range typically breaks lower.Fresh lows into late March offer an long opportunity in oil and more importantly in energy shares for a rise in April/May.

W&amp;T Offshore (WTI US) continues to show a bear bias from our recent sell call at 52 with demand and output concerns weighing. From a chart perspective we have outlined downside projection target where we want to closer shorts and try to bottom pick under the assumption that  OPEC parties come back to the table after being nudging by global leaders.The break of the old macro floor at 52 will now act as resistance on any forward rally cycle. This represents a macro breakdown.WTI's gap down will now act as resistance but is a very wide gap zone to manage. Immediate resistance lies at  36 with pattern resistance closer to  34. After gapping down, a flat range typically breaks lower.Fresh lows into late March offer an long opportunity in oil and more importantly in energy shares for a rise in April/May.

<a href="https://www.smartkarma.com/entities/w-t-offshore-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:12370:1">W&amp;T Offshore (WTI US)</a> is resting on some interesting tactical support at 58 where the 200 day moving average and wedge price support align. This is a tactical bounce zone. Resistance comes in at 57.50/60 with scope to 62.Our focus today is on trading a tactical rise into strategic sell territory near the Iran spike high zone. The rising wedge warns of a more macro negative cycle as does the MACD slip back below triple resistance.MACD slipping back below macro resistance is negative and would confirm a bigger topping process (after a tactical recovery). An MACD break below trendline would also nail down a more negative macro cycle toward key support at 55 and 52 (just above the 51 triple lows).

W&amp;T Offshore (WTI US) is resting on some interesting tactical support at 58 where the 200 day moving average and wedge price support align. This is a tactical bounce zone. Resistance comes in at 57.50/60 with scope to 62.Our focus today is on trading a tactical rise into strategic sell territory near the Iran spike high zone. The rising wedge warns of a more macro negative cycle as does the MACD slip back below triple resistance.MACD slipping back below macro resistance is negative and would confirm a bigger topping process (after a tactical recovery). An MACD break below trendline would also nail down a more negative macro cycle toward key support at 55 and 52 (just above the 51 triple lows).

Oil Macro Heavy Signals Post Tactical Recovery

United States

W&T Offshore, Inc. is an independent oil and natural gas company focused primarily on the Gulf of Mexico area in the United States.

W&T Offshore (WTI US)

U.S. Equity Strategy: Upgrading Financials, Downgrading Technology & Consumer Discretionary

The recent rate surge has upset the picture for growth stocks and, consequently, the S&P 500 is going through a consolidation phase.

Vermilion Research

U.S. Equity Strategy: Bullish Outlook Intact

The action we are seeing in broad indexes, Sectors, and in market dynamics continues to support our overall bullish outlook. Continue to buy dips.

Vermilion Research

U.S. Equity Strategy: Value Overtaking Growth; Treasury Yields and Commodities Bottoming

New and ongoing developments continue to support our bullish outlook. In the “new” column, we have bullish inflections in Treasury yields, the...

Vermilion Research

Crude Oil Downside Target and Buy Level

W&T Offshore (WTI US) continues to show a bear bias from our recent sell call at 52 with demand and output concerns weighing. From a chart...

Thomas Schroeder

Oil Macro Heavy Signals Post Tactical Recovery

W&T Offshore (WTI US) is resting on some interesting tactical support at 58 where the 200 day moving average and wedge price support align....

Thomas Schroeder