reports
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Still Riding the Trend Higher; Upgrading Real Estate to Market Weight After 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-...
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
S&P 500 Testing 4165-4200 Resistance In our 4/3/23 ETF Pathfinder we noted that a test of 4165-4200 was in play on the S&P 500, and it made a high of 4169 last week. We still believe 4165-4200 will cap upside in 2023 -- with a reach to 4300-4325 also possible -- but considering limited upside, we recommend shifting toward defensives including Utilities (XLU, RYU), Consumer Staples (XLP), Health Care (XLV, PPH), and gold miners (GDX). Downside targets on the S&P 500 continue to be at the Decembe...
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Rally Continues as USD & 10-Year Treasury Yield Break We continue to believe the market remains in bear market rally mode, though the Russell 2000 (IWM) has already achieved our price target at its 200-day MA, while the S&P 500 is only 2% away from hitting its 200-day MA. We have said that this is still a bear market as long as the S&P 500 and IWM are below their 200-day MAs, but, as we discussed in our Oct. 31 ETF Pathfinder, we continue to see signs that suggest reversals could be coming. Ma...
EWG ISHARES MSCI GERMANY ETF
EWY ISHARES MSCI SOUTH KOREA CAPPED INDEX FUND
EWN ISHARES MSCI NETHERLANDS ETF
EIRL ISHARES MSCI IRELAND CAPPED ET
EWI BLACKROCK INSTITUTIONAL TRUST COMPANY N.A.
EPOL ISHARES MSCI POLAND CAPPED ETF
EWD ISHARES MSCI SWEDEN ETF
VGK VANGUARD MSCI EUROPEAN ETF
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Bear Market Rally Underway Key supports including the 200-week MA on the S&P 500 and $163 on the Russell 2000 (IWM) have held strong, and the S&P 500, IWM, and Nasdaq 100 (QQQ) have all reversed topside their 2-month downtrends. As discussed in our previous ETF Pathfinder (Oct. 17), this is precisely what we needed to see in order to confirm that a bear market rally is underway. Longer-term, this is still a bear market until the S&P 500 and Russell 2000 can break above their respective 200-day ...
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
tick With Value; Gold Breaking Out As noted in our last ETF Pathfinder (Jan. 31), we remain bearish on the Russell 2000 index (IWM) and Russell Micro Cap index (IWC) as long as they remain below important resistance levels of $208 and $134, respectively. Additionally, we noted our expectation for sideways consolidation on the S&P 500 and Nasdaq 100 (QQQ), but that as long as 4257 and $334 supports hold, respectively, we cannot get too bearish. These levels have held, however we will reiterate t...
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Sell In May And Go Away? The weight of the evidence remains positive and we continue to recommend adding exposure on pullbacks. We are entering a seasonally weaker period for the S&P 500 ("sell in May and go away") which could lead to some softness, however that alone is no reason to be bearish and we continue to see pullbacks as buying opportunities. S&P 500. The S&P 500 remains bullish and is in an uptrend, though continues to be extended in the short-term as it hovers near potential resista...
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Upgrades: Industrials, Energy, Small-Caps, Int'l Equities Market dynamics remain positive and we believe the path of least resistance is higher for equities. Below are several observations that help lead us to our bullish outlook. · Small-Caps Leading The Way. The Russell 2000 (IWM) is breaking out to all-time highs and RS shows a major bullish reversal -- overweight small-caps. We view this as an important risk-on signal and is exactly what we would expect to see in a broad-based bull...
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
S&P 500, Nasdaq Testing Support; Downgrading Energy Following uptrend violations in the S&P 500, Nasdaq 100, and Russell 2000 we made a tactical shift to a neutral outlook, something that continues to be supported by the weight of the evidence. Below we highlight several metrics we are watching; until these metrics take a turn for the worse, our neutral outlook is appropriate. · S&P 500, Nasdaq 100. The S&P 500 and Nasdaq 100 are above key support levels. On the S&P 500 we are watching...
IYT ISHARES TRANSPORTATION AVERAGE
SOXX ISHARES PHLX SEMICONDUCTOR ETF
IGV ISHARES NORTH AMERICAN TECH-SOFTWARE ETF
EFNL ISHARES MSCI FINLAND CAPPED INVESTABLE MARKET INDEX FUND
EWJ ISHARES MSCI JAPAN ETF
EWT ISHARES MSCI TAIWAN ETF
EWGS ISHARES MSCI GERMANY SMALL-CAP
KWEB KRANESHARES CSI CHINA INTERNET FUND
EWD ISHARES MSCI SWEDEN ETF
A2AKZX ISHARES MSCI SAUDI ARABIA CAPPED ETF
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Small-Caps, EM RS, Commodities Bullishly Inflecting We continue to have a bullish outlook and we believe the path of least resistance remains higher. Not only is there an absence of breakdowns for the major indexes and for individual Sectors, but several are now breaking out above resistance. Additionally, EM RS is bullishly inflecting, commodities are bottoming, and high yield spreads are narrowing. · Select Indexes & Sectors Breaking Out. The S&P 500 is testing 3238 resistance, whil...
EEM ISHARES MSCI EMERGING MARKETS ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
EWG ISHARES MSCI GERMANY ETF
EWL ISHARES MSCI SWITZERLAND CAPPE
EWN ISHARES MSCI NETHERLANDS ETF
MCHI.. ISHARES MSCI CHN
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
SOXX ISHARES PHLX SEMICONDUCTOR ETF
IHI ISHARES U.S. MEDICAL DEVICES E
EFA ISHARES TRUST MSCI EAFE INDEX FUND
DJP BARCLAYS IPATH DJ UBS COMMODITY TR ETN
XHE SPDR S&P HEALTH CARE EQUIPMENT ETF
XHB SPDR S&P HOMEBUILDERS ETF
EWT ISHARES MSCI TAIWAN ETF
KWEB KRANESHARES CSI CHINA INTERNET FUND
EWD ISHARES MSCI SWEDEN ETF
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Bullish Yet Vigilant In our 6/8/20 ETF Pathfinder we noted a bullish outlook was warranted, but that equities were extended and that we would be buyers on a pullback. Now that markets have pulled back, the question is whether this is just a countertrend move within the ongoing bullish trend, or the beginning of a bigger correction. For now we remain bullish and believe this to be a buyable pullback. Below we highlight key developments we are watching, including what it would take for us to alte...
- Dave Nicoski
- Ross LaDuke
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Constructive Pullback Coronavirus concerns are hitting stocks due to prospects of lower economic growth. A question we ask ourselves is whether the worst of the declines are behind us and that the pullback is likely to be a buying opportunity, or is this the beginning of a much larger correction? We lean towards the former, and believe this to be a healthy and constructive pullback of the 5-7% variety in the S&P 500 (peak-to-trough is currently -3.7%). We explain our thought process below. •...
HYG ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF
EWW ISHARES MSCI MEXICO CAPPED ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
IYT ISHARES TRANSPORTATION AVERAGE
EWL ISHARES MSCI SWITZERLAND CAPPE
EIRL ISHARES MSCI IRELAND CAPPED ET
XLV SELECT SECTOR SPDR-HEALTH CARE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLE SELECT SECTOR SPDR-ENERGY
XLF SELECT SECTOR SPDR-FINANCIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
IAI ISHARES U.S. BROKER-DEALERSETF
A2AMMR PUREFUNDS ISE MOBILE PAYMENTS ETF
IGV ISHARES NORTH AMERICAN TECH-SOFTWARE ETF
DBO INVESCO DB OIL FUND
ITB ISHARES U.S. HOME CONSTRUCTION
KBE SPDR KBW BANK ETF
CPER UNITED STATES COPPER INDEX FUND
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
JNK SPDR BARCLAYS HIGH YIELD BOND ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
EUFN ISHARES MSCI EUROPE FINANCIALS
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
RSXJ MARKET VECTORS RUSSIA SMALL-CAP ETF
RGI INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF
ACWI ISHARES MSCI ACWI ETF
EWZS. ISHARES MSCI BZL
IWR ISHARES RUSSELL MID-CAP ETF
A1W8E4 ISHARES MSCI DENMARK CAPPED INVESTABLE MKT INDX FD
A118W4 ISHARES MSCI EUROPE MINIMUM VOLATILITY ETF
RSX.. VANECK VECTORS RUSSIA ETF
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Add Exposure to Small-Caps; Upgrading Health Care Bullish price and RS inflections for small-caps (IWM) is the latest positive development underpinning our belief that we are in the early stages of a broad-based market advance. • Small-Caps. The Russell 2000 (IWM) is decisively breaking topside $160 resistance and is making the long-awaited bullish RS reversal -- add exposure. Bullish price and RS inflections for small-caps helped ignite the broad market rally that began in early 2016, and w...
EEM ISHARES MSCI EMERGING MARKETS ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
EWL ISHARES MSCI SWITZERLAND CAPPE
EIRL ISHARES MSCI IRELAND CAPPED ET
XLV SELECT SECTOR SPDR-HEALTH CARE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLE SELECT SECTOR SPDR-ENERGY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
SLX. MARKET VECTORS STEEL INDEX FUND
ERUS BLACKROCK INSTITUTIONAL TRUST COMPANY N.A.
XME SPDR S&P METALS & MINING ETF
A2AMMR PUREFUNDS ISE MOBILE PAYMENTS ETF
IGV ISHARES NORTH AMERICAN TECH-SOFTWARE ETF
IEO ISHARES U.S. OIL & GAS EXPLORA
XPH SPDR S&P PHARMACEUTICALS ETF
RHS INVESCO S&P 500 EQUAL WEIGHT CONSUMER STAPLES ETF
RCD INVESCO S&P 500 EQUAL WEIGHT CONSUMER DISCRETIONARY ETF
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
TAN INVESCO SOLAR ETF
RGI INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF
DXGE WISDOMTREE GERMANY HEDGED EQUITY FUND
PSCH INVESCO S&P SMALLCAP HEALTH CARE ETF
EWUS ISHARES MSCI UNITED KINGDOM SMALL CAP INDEX FUND
KWEB KRANESHARES CSI CHINA INTERNET FUND
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Upgrading Industrials, Downgrading Defensives The current market scenario is not what we would consider “perfect†for a bull market, but it certainly has most of the necessary ingredients. Therefore, we continue to believe we are in the early stages of a broad-based advance. • Upgrading Industrials, Downgrading Defensives. Cyclical Sectors continue to show price and RS improvement while Defensive Sectors deteriorate, a favorable backdrop for a bull market. We are upgrading Industrials (X...
XLB MATERIALS SELECT SECTOR SPDR FUND
EEM ISHARES MSCI EMERGING MARKETS ETF
EWC ISHARES MSCI CANADA ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
EWL ISHARES MSCI SWITZERLAND CAPPE
EWY ISHARES MSCI SOUTH KOREA CAPPED INDEX FUND
EWN ISHARES MSCI NETHERLANDS ETF
XLV SELECT SECTOR SPDR-HEALTH CARE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLE SELECT SECTOR SPDR-ENERGY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
IHI ISHARES U.S. MEDICAL DEVICES E
XTN SPDR S&P TRANSPORTATION ETF
EFA ISHARES TRUST MSCI EAFE INDEX FUND
KRE. SPDR KBW REGIONAL BANKING ETF
EWJ ISHARES MSCI JAPAN ETF
KBE SPDR KBW BANK ETF
PGAL GLOBAL X FTSE PORTUGAL 20 ETF
RHS INVESCO S&P 500 EQUAL WEIGHT CONSUMER STAPLES ETF
RCD INVESCO S&P 500 EQUAL WEIGHT CONSUMER DISCRETIONARY ETF
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
RGI INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF
EWT ISHARES MSCI TAIWAN ETF
COPX GLOBAL X COPPER MINERS ETF
EUSC WDMTR ERP HDG EQ
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Bullish Developments Continue; Downgrading Communications Bullish developments continue to flood the market, leading us to believe we may be in the early stages of a broad-based advance. • Bullish Arguments Flooding the Market. Major global and US indexes (SPY, RSP, QQQ, EEM, EFA, EUFN, ACWI, Europe, Japan, etc.) are making bullish inflections. Serial laggards such as retail (XRT) and biotech (IBB, XBI) appear to be bottoming. Cyclical Sectors are breaking topside resistance (e.g., XLK, XLF,...
EEM ISHARES MSCI EMERGING MARKETS ETF
IBB ISHARES NASDAQ BIOTECHNOLOGY ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
EWL ISHARES MSCI SWITZERLAND CAPPE
EWO ISHARES MSCI AUSTRIA CAPPED ET
EWY ISHARES MSCI SOUTH KOREA CAPPED INDEX FUND
EWN ISHARES MSCI NETHERLANDS ETF
XLV SELECT SECTOR SPDR-HEALTH CARE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLE SELECT SECTOR SPDR-ENERGY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
ERUS BLACKROCK INSTITUTIONAL TRUST COMPANY N.A.
XTN SPDR S&P TRANSPORTATION ETF
XME SPDR S&P METALS & MINING ETF
XBI SPDR S&P BIOTECH ETF
SPY SPDR S&P 500 ETF
EFA ISHARES TRUST MSCI EAFE INDEX FUND
KBE SPDR KBW BANK ETF
PGAL GLOBAL X FTSE PORTUGAL 20 ETF
XPH SPDR S&P PHARMACEUTICALS ETF
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
XSD SPDR S&P SEMICONDUCTOR ETF
RYF INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF
DXGE WISDOMTREE GERMANY HEDGED EQUITY FUND
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Global indexes at major resistance Despite the S&P 500 having crept into all-time high territory, several signals continue to give us reason for pause as they are not indicative of what we would expect to see in a typical bull market. Below we highlight some of these signals which give us reason for pause, including major global indexes (ACWI and IOO) which find themselves at critical resistance... see charts below. • Reasons for pause: RS is neutral and consolidating for defensive bond prox...
GLD SPDR GOLD TRUST
EEM ISHARES MSCI EMERGING MARKETS ETF
GDX VANECK VECTORS GOLD MINERS ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
IYT ISHARES TRANSPORTATION AVERAGE
EWL ISHARES MSCI SWITZERLAND CAPPE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
ENZL ISHARES MSCI NEW ZEALAND CAPPE
EFA ISHARES TRUST MSCI EAFE INDEX FUND
A2AMMR PUREFUNDS ISE MOBILE PAYMENTS ETF
IHF ISHARES U.S. HEALTHCARE PROVID
KRE. SPDR KBW REGIONAL BANKING ETF
KBE SPDR KBW BANK ETF
CPER UNITED STATES COPPER INDEX FUND
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
A2AHFT MARKET VECTORS JUNIOR GOLD MINERS ETF
SIL GLOBAL X SILVER MINERS ETF
RYT INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
RYF INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
TAN INVESCO SOLAR ETF
RSXJ MARKET VECTORS RUSSIA SMALL-CAP ETF
IOO ISHARES GLOBAL 100 ETF
ACWI ISHARES MSCI ACWI ETF
XLB. ISHARES CORE CANADIAN LONG TER
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Upgrading Staples, Downgrading Energy We are downgrading our outlook to neutral as a result of several negative developments, including breakdowns for EM (EEM) and China (MCHI, FXI), steep price and RS uptrend violations for Technology (XLK, RYT), improving RS for defensive areas of the market, weakness in “Dr.†copper, and crude oil's breakdown. • Key levels on S&P 500, U.S. dollar. Our neutral outlook is supported by a consolidating market and a number of mixed technical signals. On th...
EEM ISHARES MSCI EMERGING MARKETS ETF
EWG ISHARES MSCI GERMANY ETF
EWL ISHARES MSCI SWITZERLAND CAPPE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
ENZL ISHARES MSCI NEW ZEALAND CAPPE
ERUS BLACKROCK INSTITUTIONAL TRUST COMPANY N.A.
EFA ISHARES TRUST MSCI EAFE INDEX FUND
A2AMMR PUREFUNDS ISE MOBILE PAYMENTS ETF
IGV ISHARES NORTH AMERICAN TECH-SOFTWARE ETF
ITB ISHARES U.S. HOME CONSTRUCTION
VEA VANGUARD FTSE DEVELOPED MARKETS ETF
VWO VANGUARD FTSE EMERGING MARKETS
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
GREK GLOBAL X MSCI GREECE ETF
FEU SPDR DJ STOXX 50 FUND
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
EWA ISHARES MSCI AUSTRALIA ETF
VOX VANGUARD TELECOMMUNICATION SERVICES ETFS
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Triple top? Or pullback opportunity? Despite U.S.-China tariff escalation and market weakness last week, major indexes - both domestic and foreign - are not yet breaking down. Neither are several important cyclical/risk-on areas of the market. At the same time, they are testing important support levels. Below we highlight several developments we are watching which, if support levels are broken, may alter our positive outlook. • Markets at logical support: As the S&P 500 Equal Weight index g...
GLD SPDR GOLD TRUST
XLB MATERIALS SELECT SECTOR SPDR FUND
EEM ISHARES MSCI EMERGING MARKETS ETF
EWL ISHARES MSCI SWITZERLAND CAPPE
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
IAI ISHARES U.S. BROKER-DEALERSETF
EFA ISHARES TRUST MSCI EAFE INDEX FUND
EWS BLACKROCK INSTITUTIONAL TRUST COMPANY N.A.
ITB ISHARES U.S. HOME CONSTRUCTION
KIE SPDR KBW INSURANCE ETF
VEA VANGUARD FTSE DEVELOPED MARKETS ETF
VWO VANGUARD FTSE EMERGING MARKETS
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
RYT INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
GREK GLOBAL X MSCI GREECE ETF
RYF INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
A14MTT ISHARES CURRENCY HEDGED MSCI GERMANY ETF
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Upgrading Communications and Energy We remain positive on U.S. and foreign equities and we are encouraged by recent developments highlighted below which are primarily of the bullish variety. • Upgrades: We are upgrading Comm. Services (XLC) to overweight and equal-weighted Energy (RYE) to market weight due to an RS breakout for the XLC and bullish RS reversals for several energy ETFs (RYE, XOP, IEO). Add exposure. See charts below and Sector comments on pages 4-5 for actionable ideas. • A...
EEM ISHARES MSCI EMERGING MARKETS ETF
EWL ISHARES MSCI SWITZERLAND CAPPE
CARZ FIRST TRUST NASDAQ GLOBAL AUTO INDEX FUND
EWO ISHARES MSCI AUSTRIA CAPPED ET
EWQ ISHARES MSCI FRANCE ETF
MCHI.. ISHARES MSCI CHN
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLRE REAL ESTATE SPDR
XLU SELECT SECTOR SPDR-UTILITIES
SMH MARKET VECTORS SMEICONDOUCTOR ETF
EFA ISHARES TRUST MSCI EAFE INDEX FUND
XOP SPDR S&P OIL & GAS EXPLORATION ETF
KRE. SPDR KBW REGIONAL BANKING ETF
KCE SPDR KBW CAPITAL MARKETS ETF
EWH ISHARES MSCI HONG KONG ETF
IEO ISHARES U.S. OIL & GAS EXPLORA
KBE SPDR KBW BANK ETF
XHB SPDR S&P HOMEBUILDERS ETF
VEA VANGUARD FTSE DEVELOPED MARKETS ETF
VWO VANGUARD FTSE EMERGING MARKETS
RCD INVESCO S&P 500 EQUAL WEIGHT CONSUMER DISCRETIONARY ETF
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
RYT INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
EUFN ISHARES MSCI EUROPE FINANCIALS
GREK GLOBAL X MSCI GREECE ETF
RYF INVESCO S&P 500 EQUAL WEIGHT FINANCIALS ETF
RYE INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF
A14MTT ISHARES CURRENCY HEDGED MSCI GERMANY ETF
- Dave Nicoski
- Ross LaDuke
Vermilion ETF Pathfinder: Actionable ETF research & Ideas
Cyclicals at a critical juncture Our general outlook remains positive and unchanged on U.S. and foreign equities, however there are a number of concerns that still exist -- particularly as it relates to some key cyclical areas of the market. If the concerns highlighted below are eventually alleviated, we believe a more bullish outlook would be warranted. • Concern #1: Several cyclical areas of the market remain below resistance, including Financials (both in the U.S. and Europe - XLF, EUFN),...
EEM ISHARES MSCI EMERGING MARKETS ETF
IWM ISHARES RUSSELL 2000 INDEX FUND
IYT ISHARES TRANSPORTATION AVERAGE
EWL ISHARES MSCI SWITZERLAND CAPPE
MCHI.. ISHARES MSCI CHN
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLY SELECT SECTOR SPDR-CONSUMER DISCRETIONARY
XLE SELECT SECTOR SPDR-ENERGY
XLF SELECT SECTOR SPDR-FINANCIAL
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLK SELECT SECTOR SPDR-TECHNOLOGY
XLU SELECT SECTOR SPDR-UTILITIES
IHI ISHARES U.S. MEDICAL DEVICES E
ENZL ISHARES MSCI NEW ZEALAND CAPPE
EFA ISHARES TRUST MSCI EAFE INDEX FUND
EWI BLACKROCK INSTITUTIONAL TRUST COMPANY N.A.
XOP SPDR S&P OIL & GAS EXPLORATION ETF
EWH ISHARES MSCI HONG KONG ETF
ITB ISHARES U.S. HOME CONSTRUCTION
IYZ ISHARES US TELECOMMUNICATION
VEA VANGUARD FTSE DEVELOPED MARKETS ETF
VWO VANGUARD FTSE EMERGING MARKETS
RCD INVESCO S&P 500 EQUAL WEIGHT CONSUMER DISCRETIONARY ETF
XLC THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND
A1138P ISHARES MSCI COLOMBIA CAPPED ETF
RYT INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF
RYH INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF
HEDJ WSDMTR EURP HDGD
RTM INVESCO S&P 500 EQUAL WEIGHT MATERIALS ETF
EUFN ISHARES MSCI EUROPE FINANCIALS
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.