Major US Stock indexes retreated today S&P 500 (C Fund) hit 6-year high.

A number of weak economic reports came out today:

-          The U.S. trade gap widened more then expected in March which indicates higher then expected outflow of dollars from US economy

-          U.S. import prices rose higher then expected in April

-          Retails sales numbers came below expectations which can be explained by declining housing market and rise in gas prices

Overall things don’t look too well on U.S. market. We expect that major indexes might go through another correction in the near future.