Financial Review

….Oil jumps on draw downs. $3 a gallon soon. Morgan Stanley delivers but fails to wow. Beige Book concerns on tariffs. Amazon 100 million Prime. Puerto Rico blackout, again. Financial Review by Sinclair Noe for 04-18-2018 DOW + 6 = 24,793 SPX + 9 = 2715 NAS + 36 = 7317 RUT + 9 = 1588 10 Y + .05 = 2.87% OIL + 2.23 = 68.75 GOLD + 2.00 = 1350.20   Stocks drifted and floated along for most of the session; a little up; not much of a move. The Nasdaq and Russell outperformed the Dow blue chips, which were weighed down by IBM, which lost 7.5%. The drop comes after IBM reported better-than-expected results for its first quarter, though the beat came due to a one-time tax gain – and full-year guidance was below expectations. Shares of IBM are down 12% over the past 12 months, while the Dow is up about 21%. The good news is that the major indices have moved above some key resistance levels, and they held, at least for today.   The big move in the markets today came in the energy sector, with WTI crude up almost 3.5%. O