Vermilion ETF Pathfinder: Actionable ETF research & Ideas
S&P 500, Nasdaq Testing Support; Downgrading EnergyFollowing uptrend violations in the S&P 500, Nasdaq 100, and Russell 2000 we made a tactical shift to a neutral outlook, something that continues to be supported by the weight of the evidence. Below we highlight several metrics we are watching; until these metrics take a turn for the worse, our neutral outlook is appropriate.
· S&P 500, Nasdaq 100. The S&P 500 and Nasdaq 100 are above key support levels. On the S&P 500 we are watching the 3200-3230 range and on the Nasdaq 100 (QQQ) we are watching $260-$264. We are constructive as long as these support levels hold, but breakdowns below these levels would likely mean another 3-5% downside at minimum.
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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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