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Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading Real Estate, Transportation to Market Weight Ongoing developments have been almost exclusively of the risk-on variety ever since we discussed that risk/reward favored buyers in late-October (10/24/23 and 10/31/23 Compass reports). The latest risk-on developments include the Russell 2000 (IWM) and DJI breaking above resistances of $180 and 35,650, respectively, to go along with bullish 9-month RS reversals for small-, mid-, and micro-caps. Breadth improvement and broadening participati...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Dave Nicoski ... (+2)
  • 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 ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Bullish Outlook Intact; Upgrading Brazil to Overweight In our October 26, 2023 Int'l Compass we discussed our expectations for a bounce in global equities (MSCI ACWI). So far, that has been the low. Then, in our November 2, 2023 Int'l Compass, we discussed the bullish implications of the false breakdown in the MSCI ACWI (local currency). Finally, we outlined in our November 16, 2023 Int'l Compass our belief that a year-end rally has begun in global equities (MSCI ACWI). Recent developments have...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ... (+2)
  • 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...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Year-End Rally to Continue? The broad equity market has been on an absolute tear since we discussed in our 10/31/23 Compass how risk/reward favored buyers as key supports were being tested, including 4165 on the S&P 500, $162-$163 on the Russell 2000 (IWM), and $350 on the Nasdaq 100 (QQQ). Furthermore, we discussed in our 11/7/23 Compass our belief that this was more than just another counter-trend rally, and that it is likely the start of a significant year-end rally. We also reiterated our b...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

ETF Pathfinder: Expecting More Upside Ahead; Upgrading Cap-Weighted Technology (XLK) and Communications (XLC) to Overweight; Downgrading Health Care (XLV) to Underweight

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Year-End Rally Underway We believe there is significant evidence that global equities (MSCI ACWI) have bottomed, and a year-end rally has begun. In our previous Int'l Compass (November 2, 2023), we discussed how the MSCI ACWI index (ACWI-US) did not display a decisive breakdown, and that we would be on the lookout for a false breakdown, something that was already evident in the MSCI ACWI when priced in local currency. We discussed how this is bullish as long as the index does not break to a new...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Macro Vision: Sector Synopsis

STRATEGY Since the pullback began in August, we have pointed to longer-term support at 4300-4325 and 4165-4200 on the S&P 500 as areas that offer a more attractive entry point. 4300-4325 did break, but the 4165-4200 area has held. We also discussed in our 10/31/23 Compass how risk/reward favored buyers with key supports being tested, including 4165 on the S&P 500, $162-$163 on the Russell 2000 (IWM), and $350 on the Nasdaq 100 (QQQ). A potent rally ensued, and we discussed in our 11/7/23 Compas...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Just Another Counter-Trend Rally, or Something More? We believe there is significant evidence that the broad equity market has bottomed, and a year-end rally has begun. In last week's Compass (10/31/23) we discussed how the S&P 500 and Nasdaq 100 (QQQ) did not display decisive breakdowns, and that a break above 4165-4200 and $350-$355, respectively, would be bullish, since that would indicate false breakdowns. False breakdowns are officially in place, and these levels remain important supports ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Int'l Compass: Japan Bullishly Inflecting; Constructive Outlook Intact With Supports Holding on EURO STOXX 50, MSCI ACWI ex-U.S., and MSCI EAFE; Actionable Themes: Consumer Discretionary, Technology, SerJapan Bullishly Inflecting The MSCI ACWI index (ACWI-US) briefly fell below major support at $90.50-$91.50, though we do not consider it a "decisive" breakdown and we would be on the lookout for a false breakdown. Indeed, on MSCI ACWI (local currency), a false breakdown appears to already be in ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Bullish Breadth Divergences Persist The S&P 500 is just below 4165-4200 support, and the Nasdaq 100 (QQQ) is just below $350-$355 support. Given they were only 1%-1.5% below these supports at last week's lows, we cannot call them "decisive" breakdowns quite yet. Regardless, these levels are now resistance (in addition to the 200-day MA on SPX), and they are important lines-in-the-sand moving forward. We cannot be bullish if the SPX and QQQ are below the aforementioned levels, but it would be bu...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Remain Overweight and Add Exposure to Japan The MSCI ACWI index (ACWI-US) continues to hold above major support at $90.50-$91.50; as long as this support area holds, we remain constructive on global equities. MSCI EM (EEM-US) continues to hold above $$37 support, while MSCI ACWI ex-US (ACWX-US) and EAFE (EFA-US) are testing supports at $45 and $65-$66, respectively. Japan Remains Leadership. Remain overweight and add exposure to Japan; the TOPIX remains in a 1.5-year RS uptrend (vs. MSCI ACWI)...

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