….S&P hits resistance. Nasdaq hits a record. Pro-growth agenda hits a wall. AHCA 2.0 back on the table. Mnuchin talks tax reform, reality might be tougher. Financial Review by Sinclair Noe for 04-20-2017   DOW + 184 = 20,589 SPX + 18 = 2357 NAS + 57 = 5920 RUT + 13 = 1381 10 Y + .05 = 2.25% OIL – .02 = 50.42 GOLD + 1.40 = 1282.70 Each day this week, the Dow has posted triple digit moves: 2 down, 2 up.  The Dow is still about 100 points below its 50-day moving average. The S&P 500 broke above its 50-day moving average intraday but closed just a fraction below the trendline; and that is why it is called resistance. Still volume increased today, so we wait for confirmation tomorrow. If you are looking for leadership, the Nasdaq Composite closed at a record high. Bonds slipped today, pushing yields on the 10-year not back up to 2.25%, which still seems low, considering the Fed claims the economy is strong enough to support higher rates.   Since the last FOMC meeting, a key inflation indicator fell for the first time since January 2010, the March nonfarm payrolls report significantly missed Wall Street expectations. Today the Labor Department reported initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15. Other data showed factory activity in the mid-Atlantic region slowed in April amid a pullback in new orders and shipments. The Atlanta Fed now ...