We are all expecting stocks to pullback after an almost non-stop run since the beginning of the year. A little retreat would probably do more good than harm for the long term. The poor internals we had yesterday suggested that stocks could be in for a retreat. The Russell 2000 broke below its trading range started in mid-March. Although the S&P 500 reached a record closing high last Thursday, the KBW bank index as well as the Philly semiconductor index have been in a short tem down trend or going sideways, over in the last two weeks. The two sector indexes also saw some of their technical indicators making lower lows than those during the late February pullback. When indicators start to make lower lows, it suggests that the short term weakness could turn into a longer term correction.