Actionable Items For This Afternoon

The market was on hold for most of this morning as Colin Powell presented his
case to the U.N. The market rallied when the presentation began, and reaction
from other countries is now coming in.

Intuit
(
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PowerRating)
has rallied nicely, but looks a little overbought here.

 

The U.S. plans to sell $18B in 10-year notes, will now sell five-years notes
eight times per year (up from four), and is reintroducing the three-year note.
This news had led to a sell off in bonds.

Whirlpool
(
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PowerRating)
is trading in a pennant near its highs after a strong
morning. A break above is bullish.

 

If Anglogold
(
AU |
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News |
PowerRating)
rallies to its 20 period moving average, it may be a good
short. As it is, it’s consolidating just above its intraday lows.

Have a good afternoon,

Brice