Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Upgrading Technology, Downgrading CommunicationsThe Russell 2000 (IWM) displays a false breakout and has now fallen back into the horizontal trading range that has plagued it for most of 2021. This false breakout combined with deteriorating breadth has us on watch for a potential breakdown below $208 on IWM and $135 on IWC. As long as these supports hold we expect more consolidation and mixed markets ahead. On the other hand, we would turn bearish on breakdowns.
Upgrading Technology, Downgrading Communication Services. We are upgrading Technology to overweight with RS on the XLK breaking out to new highs -- add exposure. Additionally, we are downgrading Communication Services to underweight as RS for the Sector (XLC) is breaking down below support -- reduce exposure/avoid... see pages 3 and 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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