reports
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Russell 2000 Testing 1.5+ Year Resistance The market remains in "lockout rally" mode, where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings. This is something we have discussed on a weekly basis since our 11/21/23 Compass. There is no reason to fight this bullish trend, and we continue to expect more upside into year-end and the early part of 2024. Russell 2000, Several High-Octane ETFs (ARKK, IPO, XBI) Testing Major 1.5+ Year Resistances. The Rus...
NUE NUCOR CORPORATION
ZEUS OLYMPIC STEEL INC.
WOR WORTHINGTON INDUSTRIES INC.
TMST TIMKENSTEEL CORP
SXI STANDEX INTERNATIONAL CORPORATION
STLD STEEL DYNAMICS INC.
KAI KADANT INC.
FSS FEDERAL SIGNAL CORPORATION
BSBR BANCO SANTANDER BRAZIL S.A. ADS
D8Q BANCO LATINOAMERICANO DE COMERCIO EXTERIOR S.A. CLASS E
G4RA BANCO DE CHILE ADS
BBD BANCO BRADESCO S.A. ADS
BRC
GGAL. BRADY CORPORATION CLASS A
ITT GRUPO FINANCIERO GALICIA SA SPONSORED ADR CLASS B
BVXB ITT INC.
X ITAU UNIBANCO HOLDING S.A. SPONSORED ADR PFD
BMA. UNITED STATES STEEL CORPORATION
HSC BANCO MACRO SA SPONSORED ADR CLASS B
BBAR HSC TECHNOLOGY
SPXC BANCO BBVA ARGENTINA SA SPONSORED ADR
ATS SPX TECHNOLOGIES INC
CR ATS CORPORATION
CRANE CO NEW
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Continue to Ride the Trend Higher After discussing that risk/reward favored buyers in late-October as our key supports were being tested (10/24/23 and 10/31/23 Compass reports), we outlined in our 11/7/23 Compass our belief that a significant year-end rally was likely underway. 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. S&P 5...
BKD BROOKDALE SENIOR LIVING INC.
TJX TJX COMPANIES INC
ENSG ENSIGN GROUP INC.
BSBR BANCO SANTANDER BRAZIL S.A. ADS
G4RA BANCO DE CHILE ADS
ROST ROSINTER RESTAURANTS HOLDING ORD SHS
GGAL. GRUPO FINANCIERO GALICIA SA SPONSORED ADR CLASS B
BVXB ITAU UNIBANCO HOLDING S.A. SPONSORED ADR PFD
BMA. BANCO MACRO SA SPONSORED ADR CLASS B
CSU CAPITAL SENIOR LIVING
NHC NHC COMMUNICATIONS
INC.
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Bear Market Rally Remains in Play Despite a few tumultuous trading days, the S&P 500 remains above its 200-week MA (3590-3600) and the Russell 2000 (IWM) remains above $163 -- both important support levels moving forward. We continue to see potential for a bear market rally (~+10% from the lows) as long as these support levels hold; bear market rallies would be confirmed by bullish reversals of the 2-month downtrends, or breaks above 3810 on the S&P 500 and above $174 on the IWM, the latter of ...
PGR PROGRESSIVE CORPORATION
WSBC WESBANCO INC.
TBBK THE BANCORP
PNFP PINNACLE FINANCIAL PARTNERS INC.
NBTB NBT BANCORP INC.
HOMB HOME BANCSHARES INC.
HBAN HUNTINGTON BANCSHARES INCORPORATED
FULT FULTON FINANCIAL CORPORATION
CTBI COMMUNITY TRUST BANCORP INC.
CHCO CITY HOLDING COMPANY
CB CHUBB LIMITED
BBD BANCO BRADESCO S.A. ADS
ALL
BRK.B ALLSTATE CORPORATION
BVXB BERKSHIRE HATHAWAY INC. CLASS B
FBK ITAU UNIBANCO HOLDING S.A. SPONSORED ADR PFD
TOWN FB FINANCIAL CORPORATION
STBA TOWNEBANK
FCNCA S&T BANCORP INC.
RMAH FIRST CITIZENS BANCSHARES INC. CLASS A
A2JCUH REMEDIA
OZK BANCO SANTANDER MEXICO ADS
AUB BANK OZK
AMAL ATLANTIC UNION BANKSHARES CORPORATION
AMALGAMATED FINANCIAL CORP
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