Financial Review

…Stocks struggle to bounce off long-term support. Amazon under attack. Tesla’s debt problem. The bond market’s yield curve problem. Financial Review by Sinclair Noe for 03-28-2018 DOW – 9 = 23,848 SPX – 7 = 2605 NAS – 59 = 6949 RUT – 0.54 = 1513 10 Y – .01 = 2.78% OIL – .60 = 64.65 GOLD – 20.10 = 1325.40   Let’s start with the good news. The S&P 500 managed to close above its 200-day moving average. That support level has held for four straight days. The 200-day moving average stand at 2588 – just 17 points shy of today’s close. Any movement below the long-term trend line would trigger selling, and it could get ugly, fast. There is a good chance the S&P will continue to hover just above support heading into the end of the quarter. Next week, the calendar flips to April. The first three weeks of April are a popular time for companies to preannounce their earnings results and given the number of issues investors are looking for clarity on — including the impact from the recently passed tax bill, the prospect of