Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Blue Sky Territory for S&P 500, Nasdaq 100, DJISince late-February, we have discussed important gap support from 2/22/24 at 4983-5050 on the S&P 500, and that as long as the S&P 500 is above 4983 the bulls remain in control. This area was right where this pullback halted, which is when we discussed our belief that downside was limited, followed by discussing that it was "quite possible" that the lows were in for this pullback (4/29/24 ETF Pathfinder titled "Pullback Complete?"). With the S&P 500 breaking to new all-time highs, it continues to reinforce our bullish outlook that we have had since early-November 2023.
Downgrading Health Care. We are downgrading Health Care to underweight due to RS on equal-weighted Health Care (RSPH) decisively breaking to multi-year lows – reduce exposure... see page 7.
Auxly Cannabis Group is engaged in the merchant banking business and operates in a single operating segment within Canada. It enables the private companies in which it invests (the "Investee Companies") the ability to issue debt instruments that are eligible for registered plans as defined in the Income Tax Act (Canada). Co. earns fees from the Investee Companies which are independently managed and operated by their respective management companies. Although Co. owns all or a majority of the voting rights in these Investee Companies, it does not have the power to govern the decisions or policies of the Investee Companies.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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