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 and Quantitative Research

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical Analysis

<ul>
<li>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM).</li>
<li>Additionally, we are starting to see signs that lead us to believe the bottom is in for SPX, IWM, QQQ, and A.I./Technology areas (XLK, SOXX, CHAT,DRAM,WGMI); more on this below</li>
<li>False breakdowns and bullish inflections on XLK, SOXX, CHAT, DRAM, WGMI, EEM. DXY breaking below major support. Risk-on signals expanding</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM).
Additionally, we are starting to see signs that lead us to believe the bottom is in for SPX, IWM, QQQ, and A.I./Technology areas (XLK, SOXX, CHAT,DRAM,WGMI); more on this below
False breakdowns and bullish inflections on XLK, SOXX, CHAT, DRAM, WGMI, EEM. DXY breaking below major support. Risk-on signals expanding


Bottom in Place for A.I./Technology Names?; SPX and IWM Breakouts; Risk-On Signals Expanding

S&P 500 INDEX

Bottom in Place for A.I./Technology Names?; SPX and IWM Breakouts; Risk-On Signals Expanding