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

<ul>
<li>Our outlook remains bullish on global equities (MSCI ACWI). We've been bullish since early-November 2023, save for a two month period from late-July to late-September 2024 when we were neutral.</li>
<li>We also believe the U.S. dollar (DXY) and Treasury yields have put in major tops, which is a crucial risk-on signal for global equities.</li>
<li>With more and more countries breaking out, we remain bullish as long as ACWI-US is above $116, S&amp;P 500 is above 5770-5850, and EURO STOXX 50 is above 5030.</li>
</ul>


Our outlook remains bullish on global equities (MSCI ACWI). We've been bullish since early-November 2023, save for a two month period from late-July to late-September 2024 when we were neutral.
We also believe the U.S. dollar (DXY) and Treasury yields have put in major tops, which is a crucial risk-on signal for global equities.
With more and more countries breaking out, we remain bullish as long as ACWI-US is above $116, S&amp;P 500 is above 5770-5850, and EURO STOXX 50 is above 5030.


Major Top for the U.S. Dollar (DXY) = Risk-On; Bullish Outlook Despite Near-Term Downside Risk

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

GDS Holdings (ADR) / Equity Capital Markets

<p>GDS Holding, a leading data center provider in China, filed in NASDAQ to raise $230m to fund its data center expansion. While little information about the industry dynamics is mentioned in its prospectus, we spend time to understand the picture better. In this insight, we will look at:</p><ul><li>The data center industry in China and my concern in the coming years.</li><li>GDS' financials and valuation against peers.</li><li>Last but not the least, how it scores in our Smartkarma ECM framework.</li></ul>

GDS Holding, a leading data center provider in China, filed in NASDAQ to raise $230m to fund its data center expansion. While little information about the industry dynamics is mentioned in its prospectus, we spend time to understand the picture better. In this insight, we will look at:The data center industry in China and my concern in the coming years.GDS' financials and valuation against peers.Last but not the least, how it scores in our Smartkarma ECM framework.

GDS Holdings IPO: High Market Share Mirage?

China

Xiamen Kehua Hengsheng Co Ltd. manufactures power supply equipment (Uninterruptible Power Supply systems). The Company's products include online and offline UPS systems and battery systems.

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Xiamen Kehua Hengsheng Co A (002335 CH)

Major Top for the U.S. Dollar (DXY) = Risk-On; Bullish Outlook Despite Near-Term Downside Risk

Major Top for the U.S. Dollar $DXY = Risk-On; Bullish Outlook Intact on $ACWI despite near-term downside risk. We remain bullish if $ACWI > $116,...

Vermilion Research

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52-week Range

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Major Top for the U.S. Dollar (DXY) = Risk-On; Bullish Outlook Despite Near-Term Downside Risk

Major Top for the U.S. Dollar $DXY = Risk-On; Bullish Outlook Intact on $ACWI despite near-term downside risk. We remain bullish if $ACWI > $116,...

Vermilion Research

GDS Holdings IPO: High Market Share Mirage?

GDS Holding, a leading data center provider in China, filed in NASDAQ to raise $230m to fund its data center expansion. While little information...

Ke Yan, CFA, FRM