Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Bulls Still In ControlSupported by several observations highlighted below, we remain bullish and believe the path of least resistance remains higher.
· Zero Breakdowns. Major indexes (S&P 500, Nasdaq 100, Dow, Small- and mid-caps) remain in uptrends and not one S&P 500 Sector is breaking down. The absence of breakdowns is bullish.
· Breadth Remains Healthy. Breadth indicators including advance/decline (A/D) lines and the percentage of stocks above their 200-day MAs continue to make higher lows on the major indexes. This healthy breadth is a requirement in any broad-based bull market.
· Defensives Hitting New RS Lows. Defensive Sectors including Utilities (XLU), Staples (XLP), and Real Estate (XLRE) are hitting new RS lows -- remain underweight. New RS lows for defensive Sectors is historically consistent with bull markets.
· Commodities, US Dollar, High Yield Spreads, 10-Year Treasury Yield. Broad commodities (DJP) remain in an uptrend and the US dollar remains in a downtrend. Additionally, high yield spreads are hitting multi-month lows while the 10-year Treasury yield hits multi-month highs. All of this is bullish for risk sentiment and helps support our positive outlook.
· Actionable Industry ETFs: IPAY, XSD, IGV, and COPX...
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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