SPDR S&P Semiconductor ETF

  • TickerXSD
  • ISINUS78464A8624
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market Dynamics Improving; Downgrading Utilities Market dynamics and price action across the major indexes and all Sectors has been positive since early November -- and they have only improved recently. As a result, we remain bullish and recommend adding exposure on pullbacks. Below we highlight recent improvements. · Market Dynamics Improving: Commodities, 10-Year Treasury Yield. Broad commodities (DJP) are breaking above the 12.5-year downtrend, likely starting a new secular bull market in commodities; crude oil (DBO) and base metals (DBB) remain leadership. The 10-year yield is br...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 Testing Support Amid Uncertainties Short-term support levels have been violated on the S&P 500, Nasdaq 100, and Russell 2000 due to uncertainties surrounding rising COVID-19 cases/potential stay-at-home orders, and ongoing uncertainty surrounding new stimulus and the election outcome. While we remain constructive over the intermediate-term, short-term breakdowns have shifted our near-term outlook to a more neutral stance. · Key S&P 500 Levels. We believe caution is warranted following recent short-term breakdowns. Important support levels on the S&P 500 include 3200-3230 foll...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bulls Still In Control Supported by several observations highlighted below, we remain bullish and believe the path of least resistance remains higher. · Zero Breakdowns. Major indexes (S&P 500, Nasdaq 100, Dow, Small- and mid-caps) remain in uptrends and not one S&P 500 Sector is breaking down. The absence of breakdowns is bullish. · Breadth Remains Healthy. Breadth indicators including advance/decline (A/D) lines and the percentage of stocks above their 200-day MAs continue to make higher lows on the major indexes. This healthy breadth is a requirement in any broad-based ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bullish Developments Continue; Downgrading Communications Bullish developments continue to flood the market, leading us to believe we may be in the early stages of a broad-based advance. • Bullish Arguments Flooding the Market. Major global and US indexes (SPY, RSP, QQQ, EEM, EFA, EUFN, ACWI, Europe, Japan, etc.) are making bullish inflections. Serial laggards such as retail (XRT) and biotech (IBB, XBI) appear to be bottoming. Cyclical Sectors are breaking topside resistance (e.g., XLK, XLF, XLI). Broad commodities (DJP) appear to be bottoming. All of these developments are consistent with...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Semiconductors, Transportation improving The S&P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&P 500 higher in terms of RS are Technology, Services, Facebook (FB), Amazon (AMZN), and Procter & Gamble (PG). If this were a bull market, (1) PG would likely NOT be listed here as leadership, and (2) we would expect to see participation broaden out to Discretionary (RCD), Transportation (IYT), banks (KBE), Industrials (XLI), and small-caps (IWM). All of these areas are still consolidating below meaningful resistance, and we cont...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bullish Developments Continue; Downgrading Communications Bullish developments continue to flood the market, leading us to believe we may be in the early stages of a broad-based advance. • Bullish Arguments Flooding the Market. Major global and US indexes (SPY, RSP, QQQ, EEM, EFA, EUFN, ACWI, Europe, Japan, etc.) are making bullish inflections. Serial laggards such as retail (XRT) and biotech (IBB, XBI) appear to be bottoming. Cyclical Sectors are breaking topside resistance (e.g., XLK, XLF, XLI). Broad commodities (DJP) appear to be bottoming. All of these developments are consistent with...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Semiconductors, Transportation improving The S&P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&P 500 higher in terms of RS are Technology, Services, Facebook (FB), Amazon (AMZN), and Procter & Gamble (PG). If this were a bull market, (1) PG would likely NOT be listed here as leadership, and (2) we would expect to see participation broaden out to Discretionary (RCD), Transportation (IYT), banks (KBE), Industrials (XLI), and small-caps (IWM). All of these areas are still consolidating below meaningful resistance, and we cont...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

The S&P 500 managed to close above the key 2,817 resistance level last week as the recovery from 4Q2018 continues. We would like to see a more decisive upside move and for the index stay above this level for a few more days before calling it an official breakout. Overall we remain positive and continue to believe a “buy the dip” strategy is warranted. Below we highlight several observations which lead us to our positive outlook: • An offensive Sector shift: We are upgrading Materials (RTM, XLB) to market weight as RS continues to stabilize. Additionally, we are downgrading Health Care (...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Market Dynamics Improving; Downgrading Utilities Market dynamics and price action across the major indexes and all Sectors has been positive since early November -- and they have only improved recently. As a result, we remain bullish and recommend adding exposure on pullbacks. Below we highlight recent improvements. · Market Dynamics Improving: Commodities, 10-Year Treasury Yield. Broad commodities (DJP) are breaking above the 12.5-year downtrend, likely starting a new secular bull market in commodities; crude oil (DBO) and base metals (DBB) remain leadership. The 10-year yield is br...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 Testing Support Amid Uncertainties Short-term support levels have been violated on the S&P 500, Nasdaq 100, and Russell 2000 due to uncertainties surrounding rising COVID-19 cases/potential stay-at-home orders, and ongoing uncertainty surrounding new stimulus and the election outcome. While we remain constructive over the intermediate-term, short-term breakdowns have shifted our near-term outlook to a more neutral stance. · Key S&P 500 Levels. We believe caution is warranted following recent short-term breakdowns. Important support levels on the S&P 500 include 3200-3230 foll...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Bulls Still In Control Supported by several observations highlighted below, we remain bullish and believe the path of least resistance remains higher. · Zero Breakdowns. Major indexes (S&P 500, Nasdaq 100, Dow, Small- and mid-caps) remain in uptrends and not one S&P 500 Sector is breaking down. The absence of breakdowns is bullish. · Breadth Remains Healthy. Breadth indicators including advance/decline (A/D) lines and the percentage of stocks above their 200-day MAs continue to make higher lows on the major indexes. This healthy breadth is a requirement in any broad-based ...

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