Vermilion Research - Select Sector SPDR-Health Care (XLV) Vermilion ETF Pathfinder: Actionable ETF research Ideas

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Vermilion Research

Dave Nicoski ...

Ross LaDuke

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Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Downgrading Health Care to Underweight

Our outlook remains bullish following the S&P 500's multi-month base breakout above 5670-5783, alongside constructive market dynamics. The path of least resistance is higher. We have discussed for the past two+ weeks how we would treat any pre-election pullback as a buying opportunity, and we are finally getting a pullback. We expect to see support on the SPX at 5655-5670, and we will remain bullish as long as 5655 support holds.

Downgrading Health Care to Underweight. We are downgrading Health Care to underweight; RS on the cap-weighted XLV is breaking to YTD lows – reduce exposure/be selective. We view new RS lows on the XLV (a defensive Sector) as yet another risk-on signal that helps support our bullish outlook

04/11/2024 1 EN

Underlying

Select Sector SPDR-Health Care

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US81369Y2090 NYSE Arca United States

Provider

Vermilion Research

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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Analysts

Dave Nicoski

Ross LaDuke

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Vermilion ETF Pathfinder: Actionable ETF research & Ideas

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Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Vermilion Short Shots: Technically Vulnerable Stocks

Vermilion Int'l Compass: Global Equity Strategy

Vermilion Booster Shots: Attractive bottom-fishing stocks

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