Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Weight Of The Evidence Remains PositiveDespite a more mixed and highly rotational market, the weight of the evidence remains positive, and our outlook remains constructive for the weeks and months ahead.
S&P 500, Nasdaq 100, Dow, Mid-Caps, Russell 2000. Large-cap (S&P 500, Nasdaq 100, and Dow) and mid-cap indexes (S&P 600) remain bullish, closing out the past week at new all-time highs. Small-caps are more mixed, as the Russell 2000 (IWM) continues a healthy consolidation of the substantial gains that it logged over the past 12-13 months. $219 is short-term support on the IWM followed by the very significant $208 level. As for the S&P 500, it is getting extended and is approaching potential resistance at the megaphone pattern (see red trendlines below). This alone is no reason to be bearish as we believe pullbacks should be treated as buying opportunities... see chart below.
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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