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

Upgrading Materials to Market Weight; Rotation into Commodity Sectors; SPX/NDX Holding Above Support

Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation

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

U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

Small Caps Outperform Despite "Hot" Inflation Reports; Equal-Weighted S&P 500 Breakout

S&P 500 and Nasdaq 100 Testing 20-Day MAs; 10-Yr Treasury Yield Testing Critical 4.35% Resistance

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical Analysis

<ul>
<li>The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change</li>
<li>In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.</li>
<li>Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates</li>
</ul>


The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change
In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.
Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates


iShares 20+ Year Treasury Bond ETF (TLT US)

Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over