The Traderszone Network

U.S. lawmakers have given Obama a key tool to write the rules for the future of the global economy—and edge out China—Rep. Paul Ryan said.

IBD 50 company Sherwin-Williams fell short of first-quarter sales and earnings estimates Thursday as the impact of foreign currency translation hurt the paint and coatings supplier, though it gave an upbeat Q2 forecast. The Cleveland-based Sherwin-Williams (SHW) reported Q1 earnings of $1.42 a share excluding special items. They were up 25% from the prior year but 2 cents below consensus estimates.

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Centene is taking a breather from a solid rebound off its 10-week moving average that started in early February. Although it still has a little way to go, Centene (CNC) is again getting closer to its 10-week line, which could provide another buying opportunity. Centene, which broke out from a base in September, has pulled back in soft volume, signaling that big investors are not the the ones behind the selling.

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Utility stocks have been hit by concerns that higher interest rates will reduce their appeal among investors. But Aqua America (WTR), one of the largest publicly traded U.S. water utilities, is holding up, thanks to steady profit growth and rising dividends. The stock is getting support at its 10-week moving average as it works on a flat base with a 28.23 buy point.

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A destructive mix of corruption, an oil market collapse and bad leadership are all taking a toll on Brazil but if the government sticks to its austerity plan, the country may not have to suffer the ignominy of a junk bond status, according Deutsche Bank on Thursday.
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Some analysts don’t expect oil’s recent gains to last.
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The Farce is strong in this market (so there was only one clip possible today)… as flip-flopping Fed Presidents, Greek risks, and more crappy data turmoiled the markets…

Equity futures did their usual v-shaped recovery in an algo stop-run to yesterday’s highs before falling back… as Fed Vice Chair said

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