Quantitative Analysis Service, Inc.

US Equities Near Low of Expected Range
By: Ken Tower | 27 Aug 2015

US Equities Near Low of Expected Range
-US Equities are nearing the lower end of our expected range. 
-As stated in our July 7 Alert, our expected risk for S&P 500 is 10% from the high, or 1,917.
-Daily data is quickly becoming Down-Extended and we will watch for signs of bottoming.  
-Because our long-term measure of Momentum remains high, we expect US equities will rebound and make new highs around year-end.
Copper – follow-up: 
-As stated in our July 7 follow-up, Copper did indeed turn back down and has now reached our risk level.  But there are no signs of bottoming.
Wheat – follow-up: 
-Wheat (and agriculture in general) remains most attractive within Commodities.
US 10 Year Yield – follow-up:
-The expected rally in treasury bond yield has exceeded our expected range of 2.5-2.2%.  Near-term target is now 2.0-1.9%.  Long-term risk is still 3.0%. 

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US Equities Near Low of Expected Range
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