Vermilion Macro Vision: Sector Synopsis
STRATEGYWe are upgrading our outlook back to neutral following improvement in market dynamics alongside significant bullish false breakdowns at 6480-6520 on the S&P 500 (SPX), 24,000 on Nasdaq futures (NQ), and $245 on the Russell 2000 (IWM). We continue to have our doubts that SPX can sustain a breakout above 7000, but as long as the bullish gaps from April 8th remain unfilled on SPX, QQQ, and IWM, it signals bulls remain firmly in control in the near-term. The indexes have ignored all “bad” news recently, which is another thing that tells us bulls remain in control in the near-term. To that end, indexes have gone straight up since the March 30th low in what could be a “last hurrah,” with no real higher low formed yet; the real durability test will come when there is finally a pullback. Bullish options flows have supported the market for all of April, but those flows are poised to diminish after Wednesday's VIX expiration and fully go away for two weeks following Friday's options ex
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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