Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Still Riding the Trend Higher; Upgrading Real Estate to Market WeightAfter discussing our expectations for a bounce in our 10/30/23 ETF Pathfinder with the Russell 2000 (IWM) testing major support at $162-$163, we outlined in our 11/20/23 ETF Pathfinder that we were shifting our outlook to bullish. Market-generated information has continued to be of the risk-on variety, which has only reinforced our bullish outlook on the broad equity market. Therefore, we continue to expect a rally into year-end and beyond.
Lockout Rally Continues. We would not be surprised to see a minor pullback of 2-5%, particularly with the SPX testing resistance at 4600-4607. With that said, even a minor pullback is far from a guarantee, considering recent breakaway gaps in the SPX, DJI, Russell 2000, and Nasdaq 100, and what appears to be an ongoing "lockout rally." It all points to a very strong market that is not likely to pull back.
Big Picture Trends. We are bullish on gold and silver; gold is testing mul
Indus Motor is engaged in the assembly, progressive manufacture, import and marketing of Toyota motor vehicles. Co. is also the sole distributor of Toyota and Daihatsu vehicles in Pakistan.
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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