A technical vantage point: At the midpoint of today's session the major indices are modestly lower after yesterday's strong trend day up. The most widely watched averages did test & breach yesterday's highs before pulling back to session lows. They are now trading in the middle to lower end of the day's ranges in a mid-session, sideways price pattern. The NASDAQ 100 (NDX) once again tested the upper end of the May range, topping out just shy of the heavily watched 2000.00 level. Look for a potential retest of the day's lows heading into afternoon trading. Market internals remain mixed. Trin on the NYSE stands @ 0.94 with more selling pressure seen on the NASDAQ COMP with Trin there @ 1.24. The A/D line stands @ about 0.95:1 on NYSE and 0.80:1 on NASDAQ decliners outpacing advancers
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