Stocks fall on weak retail sales, foreclosure jump

Investors are looking at the economy more skeptically.

Stocks retreated more than 2 percent on Wednesday and bond prices rose after two reports suggested the economy is not bouncing back as quickly as investors hoped.

The Commerce Department said retail sales unexpectedly fell in April for the second straight month, while RealtyTrac Inc. reported a troubling rise in home foreclosures.

My Comments: Back to reality. I've discussed this for some time. May is a seasonally weak month and for this to be a healthy begining to a bull rull its important to have significant retracements to test to conviction of the market. Funny how a "retail slump" is unexpected. To whom is it unexpected? Retail slumps are the new norm.

S7P500 Broke an uptrend line. Former resistence/now support at 873 needs to hold to maitain a bullish chart...

Full atricle here...