Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Three Sector Upgrades and One DowngradeOur outlook remains bullish following the S&P 500's multi-month base breakout above 5670, alongside constructive market dynamics which have only improved since our last ETF Pathfinder (11/4/24). In that report we discussed how we were finally getting an opportunity to add exposure on a pre-election pullback that we had been looking for. We continue to expect significant upside into year-end and the early part of 2025. We expect to see support at the 20-day MAs (where we would buy) on the S&P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM). Ultimately, we will remain bullish as long as the S&P 500 and IWM are above 5600-5670 and $227 supports.
Three Sector Upgrades and One Downgrade. We are upgrading Financials (XLF) to overweight with RS breaking above critical resistance, and we are upgrading Consumer Discretionary (XLY) and Industrials (XLI) to market weight -- again due to bullish RS inflections. We are also downgrading Staples (XLP) to underw
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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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