Editor’s Note: Several weeks ago, we introduced the PRISM Report to Asbury Research Subscribers.  PRISM is an acronym for Portfolio Review of Investment Sectors and Markets.  The PRISM Report is currently published on Thursdays.  Your can find the  PRISM Report right down the middle of the Research Center, listed chronologically with other reports like Keys To This Week.  You can pull up all recently published PRISM Reports by typing “PRISM” in the Search By Keyword box located in the right border of the Research Center.

The Prism Report: A Clearer View of Global Investment Trends

The Prism Report is your streamlined, data-driven guide to uncovering opportunities across global markets and asset classes. Built around Asbury Research’s foundational “three-legged stool” approach, this tool offers a clean and powerful way to identify where capital is being rewarded—quickly and clearly.

The only asset classes with bullish readings across all four monitored time frames are Emerging Markets & Crypto

Key Observations
  • Emerging Markets (EEM):  EEM emerges as the PRISM Report’s top performer, breaking through key overhead resistance at $47.11. The next hurdle lies at $50.89. While its relative performance versus SPY remains range-bound, it has been trending higher for nine consecutive days—a promising sign of building momentum.
  • Grayscale Bitcoin Trust (GBTC):  Bitcoin is flashing green across all four time frames, reaffirming its bullish stance. However, it’s currently wrestling with formidable overhead resistance at $86.11, which represents the Dec 17 benchmark high. A sustained move above it is necessary to clear the way for more strength.
  • U.S. Technology (QQQ):  Tech takes a breather. QQQ’s April advance has stalled just below key resistance at $539.15, its Dec 16th benchmark high, as asset flows begin to taper. This can be seen by the yellow cell in the Micro Term column.  It suggests institutional hesitation despite strong recent performance.
  • Crude Oil (USO) & Commodities (DBC):  Both are testing major overhead resistance at their 200-day moving averages, and USO is edging slightly above it.  We’re watching to see if Medium Term and Long Term time frames confirm the breakout by turning green as shown in the graphic above.
Takeaway

As the S&P 500 approaches its all-time high of $6147.43 (set on Feb 19th), PRISM highlights a shift. EEM’s leadership across all four timeframes amid renewed life in Commodities could indicate that managers are starting to re-allocate some of their US equity exposure into other areas, possibly to defend against a reversal amid expectations for a tariff-related economic slowdown. 

About Prism

At the heart of Prism is a simple but critical formula for success: positive price trend, positive relative performance, and positive asset flows. These three factors—trend, performance, and conviction—are the cornerstones of identifying sustainable market leadership.

We’ve expanded this concept across four key time frames:

  • Micro (7 days)
  • Short (21 days)
  • Medium (63 days)
  • Long (200 days)

This multi-horizon approach gives investors a dynamic lens through which to view the market in a multi-dimensional way. Why does this matter?

  • Trend: If the price isn’t appreciating, we’re not interested. Positive price momentum is non-negotiable.
  • Relative Performance: If it isn’t beating the S&P 500, there’s an opportunity cost. Investors deserve better than average performance.
  • Asset Flows: Capital inflow indicates directional conviction—real money moving with purpose. It’s the ultimate vote of confidence from institutional players with skin in the game.