Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Bullish Outlook Intact; Downgrading CommunicationsThe market remains in "lockout rally" mode, where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings. There is no reason to fight this bullish trend, and we continue to expect a rally into year-end and the early part of 2024.
Lockout Rally Continues. In our 12/4/23 ETF Pathfinder we discussed how this is a very strong market that is not likely to pull back -- and the surge higher has continued. The S&P 500 is breaking above 2-year resistance at 4600-4607 and the DJI is breaking out to all-time highs. Meanwhile, the Russell 2000 (IWM) is approaching 1.5+ year resistance at $197-$199; while some short-term consolidation here makes sense, we would not be surprised to see the IWM break out, considering the growing number of breakouts. Sectors with major breakouts include equal-weighted Technology (RSPT), Consumer Discretionary (XLY), Financials (XLF), Real Estate (XLRE), Consumer Staples (XLP), and Utilities (XLU).
Microsoft is a technology company. The company develops and supports software, services, devices, and solutions. The company provides an array of services, including cloud-based solutions as well as solution support and consulting services. The company also delivers relevant online advertising. The company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. The company also designs, manufactures, and sells devices, including personal computers, tablets, gaming and entertainment consoles, other devices, and related accessories.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.