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

Nasdaq-100 Stock Index / Technical Analysis

<ul>
<li>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), and we will stay that way as long as support at 7507-7580 holds.</li>
<li>We are getting near-term cautious on Technology and semiconductors (XLK, SOXX), as the Nasdaq 100 (QQQ) and XLK display near-term bearish failed breakouts below $745 and $197, respectively.</li>
<li>These breaks are our signal to be neutral/cautious in the near-term, as it suggests a continuation of the 5-month consolidation and potential test of the June/July lows</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), and we will stay that way as long as support at 7507-7580 holds.
We are getting near-term cautious on Technology and semiconductors (XLK, SOXX), as the Nasdaq 100 (QQQ) and XLK display near-term bearish failed breakouts below $745 and $197, respectively.
These breaks are our signal to be neutral/cautious in the near-term, as it suggests a continuation of the 5-month consolidation and potential test of the June/July lows


False Breakout on QQQ and XLK?; Monitor Yesterday's Lows for Near-Term Direction