SP 500 daily May 12 after hours

we have a few areas of confluence on the horizon. It looks like we might test a little higher to the 24 to 27 range and dependant on volume we could see a push to 1441. This would hit the 200 day moving average and also be a fibonacci retracement.

We shall see. If we get a lower high from here we will test the next level down.

Treasuries and Crude

Ten-year Treasuries rose before a government report tomorrow that may show retail sales in the U.S. fell last month, underscoring that the economy may be slow to improve.

Notes also advanced on speculation investors will use coupon payments this week to add to bond holdings after the government's quarterly sales of $21 billion in debt last week. Yields on 30- year bonds, among the most sensitive to inflation expectations, touched the lowest in more than a week as crude oil fell for the first day in seven. Retail sales probably fell 0.2 percent in April, following a 0.2 percent advance in March.