Manage Risk. Improve Performance.

Company Information, Services & Pricing

2013

About Asbury Research:Research, Methodology, & Clientele

• Our Research: Asbury Research, established in 2005, produces unique and proprietary technical, quantitative and behavioral financial market research for professional investors.  We help our clients to navigate the investment seas on a daily, weekly and monthly basis ‐‐ charting a course, and changing direction when necessary, to maximize portfolio returns and minimize portfolio risk  Our research focuses on the US stock market and market sectors, US interest rates, the US Dollar, and economically influential commodities like copper and crude oil, but integrates a broad spectrum of non‐US asset prices that are statistically correlated to these US markets.  This intermarket component of our research more comprehensively reflects global market conditions, which results in more forward looking and accurate investment strategies.

• Our Methodology: Our analysis is derived from a comprehensive list of strategic inputs including intermarket relationships, market volatility, investor sentiment, seasonality, price patterns and trend analysis, market breadth, inter‐ and intra‐market spreads, and relative performance, all which are geared to determining upcoming market direction 1‐2 quarters in advance.We then implement a conservative, consistent and repeatable tactical methodology to generate entry and exit points within that larger strategic bias.

• Our Clients:  The typical Asbury Research client is a portfolio manager, hedge fund, or Registered Investment Advisor.  However, our macro scope and breadth of financial assets covered has attracted a diverse clientele that includec orporate investment committees, money center banks, and Commodity Trading Advisors.

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About Asbury Research:John Kosar, Director of Research

John, a 30 year veteran of the US financial markets, spent the first half of his career on the trading floor of the Chicago futures exchanges where he had the opportunity to learn how the financial markets work from the inside out, while being directly involved with many different types of financial assets. This experience, early in his career, became the foundation for the unique analysis, insight, and global intermarket perspective  that defines Asbury Research.  

John is frequently quoted in the media and regularly appears on financial television. He was awarded the Chartered Market Technician (CMT) designation in 1999, is a former Vice President of the Market Technicians Association (MTA) and has served on the MTA’s Board of Directors between 2002 and 2006.

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Research & Services:What You Get

We communicate our investment analysis and ideas to clients primarily via the 8 different research reports listed below, all which are accessible through the Research Center of our website. Clients are immediately and directly notified via email upon the release of each report, and typically receive 3‐4 per week plus a monthly, customized  web conference.

• Keys To This Week• Commentaries• Asbury Alerts• What We’re Watching Today• Investor Sentiment Survey• Sector Watch• Global Seasonal Analysis• US Financial Market Chart Book

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Performance:Specific, Actionable Investment Ideas

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* These performance data are based on specific market calls taken directly from Asbury Research reports  during 2012. We acknowledge that hypothetical performance results have many inherent limitations. No representation is being made that clients will achieve results similar to those shown. All market calls that appear in Asbury Research reports and are based on “at the close” entries and exits, hours after these reports were issued to clients.  A larger version of the table is available upon request.

We track the performance of our market calls 2 ways: 

1) in four  broad US financial market areas (US stocks, US market sectors, US interest rates, US Dollar), and 

2) in individual asset prices as shown in the table at right.

More information and detail is available in the Performance page of our website.

Number Asset (Symbol) Long/Short Entry Price/Date Exit Price/Date Profit/Loss in Pts % Gain/Loss1 iShares 10-20 Year Treasury Bond Fund (TLH) Short 129.98 on Jan 23rd 133.60 on Jan 31st -3.62 -3%2 Materials Sector ETF (XLB) Long 34.84 on Jan 9th 37.97 on Feb 6th +3.13 +9%4 AMEX Mexican Index (MXY) Long 218 on Jan 17th 240.00 on Feb 17th +21.60 +10%5 German DAX Index Long 6167 on Jan 3rd 6850 on Feb 17th +683 +11%6 Industrial Sector ETF (XLI) Long 35.67 on Jan 17th 37.50 on Feb 21st +1.83 +5%7 NYMEX crude oil (CL) Long $93.18 on Oct 25th $105.00 on Feb 21st +11.82 +13%8 AMEX Oil Index (XOI) Long 1247 on Jan 6th 1350 on Feb 28th +103 +8%9 NASDAQ 100 (NDX) Long 2455 on Jan 26th 2650 on Mar 2nd +195 +8%10 PHLX Semiconductor (SOX) Index Short 409.65 on Mar 5th 433.10 on Mar 14th -23.45 -6%11 iShares 20+ Year Treasury Bond Fund (TLT) Short 116.24 on Jan 23rd 113.28 on March 28th +2.96 +3%12 Paris CAC-40 Index Short 3320 on Apr 5th 3175 on Apr 19th +1.45 +4%13 PHLX Semiconductor (SOX) Index Short 396.92 on May 7th 370.00 on May 18th +26.92 +7%14 US Dollar/Swiss Franc (USDCHF) Long 0.9365 on May 14th 0.9550 on May 23rd +185 +2%15 US Dollar/Canadian Dollar (USDCAD) Short 1.0081 on Jan 23rd 1.0319 on May 31st -0.0238 -2%16 NASDAQ Composite (COMP Short 2935 on May 9th 2550 on Jun 1st +185 +6%17 Dow Jones Industrial Avg (DJIA) Short 12,695 on May 14th 12,200 on Jun 1st +495 +4%18 Paris CAC-40 Index Long 3129 on Jan 9th 2940 on Jun 1st -189 -6%19 German DAX Index Short 6475 on May 9th 5950 on Jun 4th +525 +8%20 Health Care Sector SPDR ETF (XLV) Short 36.51 on May 24th 37.76 on June 29th -1.25 -3%21 Euro/US Dollar (EURUSD) Short 1.2285 on July 6th 1.2075 on July 23rd +0.0210 +2%22 US Dollar/Swiss franc (UDFCHF) Long 0.9772 on July 6th 0.9950 on July 24th +0.0178 +2%23 Korean KOSPI Index Short 1813 on July 13th 1847 on July 30th -34 -2%24 ICE US Dollar Index (DX) Long 83.50 on July 6th 81.98 on Aug 21st -1.52 -2%25 British pound/US Dollar (GBPUSD) Long 1.5874 on Sep 4th 1.6200 on Sep 14th +0.0326 +2%26272829303132333435

Asbury Research 2012 YTD Long/Short Market Calls In Individual Assets

data through 09-14-2012

Green Background: Long position Pink Background: Short position

Research Reports:Keys To This Week

Keys To This Week, produced on Monday mornings, includes a 10‐minute conference call on this report which we make available live or via recording.   Keys To This Week lists and ranks the current week’s key market factors for major US asset prices, and discusses how we think they will affect upcoming market direction.

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Research Reports:Commentaries

Commentaries are strategic in scope and focused on the intermediate term, identifying emerging price trends in the major areas of the US financial landscape typically 1‐2 quarters in advance. 

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Research Reports:Asbury Alert

Asbury Alerts are tactical in scope and focused on the short term, providing actionable ideas and specific entry and exit points within on our larger, more strategic outlook as it appears in our Commentaries and other reports. 

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Research Reports:What We’re Watching Today

What We’re Watching Today is typically a one chart, one idea pre‐market opening report that is taken directly from our dynamic Watch List of between 100‐150 charts, which we review first thing every morning.  WWWT focuses on key changes in a broad list of global asset prices that can have a tangible effect on upcoming market direction.

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Research Reports:Sentiment Survey

Investor Sentiment Survey is a monthly report that displays and analyzes a broad list of both asset flow‐ and survey‐based measures of both professional and retail investor sentiment, and discusses their near and intermediate term directional implications for the US financial markets.

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Research Reports:Sector Watch

Sector Watch is a monthly report that identifies the specific sectors of the S&P 500 that, according to our latest asset flow‐ and market momentum‐based data, are amid favorable conditions to begin 1‐2 quarter trends of relative outperformance / underperformance versus the S&P 500.  Our YTD performance in this area appears below.

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# Asset (Symbol) Long/Short Entry Date Exit Price/Date Actual Performance vs. S&P 500 Asbury Performance1 Industrials Sector (XLI) Outperform Sep 21st 2011 Feb 13th 2012 +7% +7%2 Financial Sector (XLF) Outperform Oct 13th 2011 Mar 2nd 2012 +7% +7%3 Utilities Sector (XLU) Underperform Sep 6th 2011 Mar 7th 2012 -12% +12%4 Technology Sector (XLK) Outperform Dec 27th 2011 Apr 9th 2012 +7% +7%5 Consumer Staples Sector (XLP) Underperform Sep 23rd 2011 Apr 16th 2012 -6% +6%6 Health Care Sector (XLV) Outperform Apr 2nd 2012 May 29th 2012 +4% +4%7 Financial Sector (XLF) Underperform Apr 5th 2012 Jun 11th 2012 -4% +4%8 Consumer Staples Sector (XLP) Outperform Apr 20th 2012 Jun 11th 2012 +3% +3%9 Utilities Sector (XLU) Outperform Apr 20th 2012 Jun 18th 2012 +8% +8%

10 Consumer Discretionary Sector (XLY) Underperform Feb 24th 2012 Aug 27th 2012 +2% -2%11 Industrial Sector (XLI) Outperform Jly 9th 2012 Aug 27th 2012 UNCH NEUTRAL12 Health Care Sector (XLV) Underperform May 25th 2012 Sep 4th 2012 UNCH NEUTRAL13 Technology Sector (XLK) Outperform Aug 6th 2012 Sep 4th 2012 +1% +1%14 Russell 2000 (Small Cap) Outperform Aug 6th 2012 Sep 21st 2012 +3% +3%15 Consumer Staples Sector (XLP) Underperform Jun 11th 2012 Sep 24th 2012 -4% +4%16 Energy Sector (XLE) Outperform Nov 7th 2011 Sep 24th 2012 -7% -7%17 Health Care Sector (XLV) Underperform Sep 17th 2012 Sep 24th 2012 +2% -2%18

Asbury Research's 2012 YTD Sector Calls (Relative Performance vs. S&P 500)

Research Reports:Global Seasonal Analysis

Global Seasonal Analysis is a monthly report that displays and analyzes annual, quarterly and monthly seasonal trends for 17 global asset prices including equities, benchmark interest rates, foreign exchange, and key commodity prices based on historical data going back to the 1950s.

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Research Reports:US Financial Market Chart Book

US Financial Market Chart Book is a monthly collection of key charts that collectively convey our best investment ideas for the next one to several months in the major US financial markets.  Chart Book comes with an accompanying video in which John Kosar, Director of Research, walks you through the details of each investment idea.

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Web Conferences:Personalized, Interactive, & Real Time

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• Interactive monthly sessions, up to one hour in length, with John Kosar (Director of Research).  More frequent sessions also available.

• Content is prepared specifically for your firm, covering the assets and market areas you are most interested in, with Q & A.

• Quick, easy log in process via GoToMeeting.

• Participants can log in individually via computer and telephone, or  as a group in your conference room.

• PDF of all charts covered is emailed to participants  after the conference.

Testimonials:What Our Clients Say About Us

“I have not seen better technical analysis in my 19‐year career. John (Kosar, Director Of Research) is objective, clear, experienced, sensible, and accountable. He remains disciplined when markets are schizophrenic and does not hesitate to present contrarian calls even when plenty of seasoned participants are pointing the other way. Accurate macro forecasting is the product of sound fundamental analysis and superior technical analysis, so John’s work is invaluable to me.”

Macroeconomic Strategist, Investment Research Firm, New York

“He (John Kosar, Director of Research) does excellent work on helping money managers time markets”

Managing Director, Head Of Trading, Global Long/Short Equity Fund, Greenwich, CT

“John Kosar at Asbury Research has provided us with timely research and has helped us to avoid making baddecisions at market turning points. Well worth the cost.”

Investment Committee Partner, Registered Investment Advisor, Wisconsin

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Pricing

• Variable pricing depending on level of service.  Contact us for details at 1‐888‐960‐0005 or sales@asburyresearch.com.

• Corporate and Institutional licenses available.

• Includes up to 3‐4 reports per week plus web conference(s).

• Includes up to 6 unique site licenses to our Research Center, which contains all current research and a searchable archive of previous reports.  

• Hard or soft dollar payment accepted. Let us work with your broker to facilitate the subscription process.

• Contact us at sales@asburyresearch.com or 1‐888‐960‐0005 to begin your access.

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Contact Us:Phone: 1‐888‐960‐0005

1‐224‐569‐4112

Email: info@asburyresearch.com

On The Web: http://asburyresearch.com/

IM: (AIM, Yahoo, MSN): asburyresearch