Stocks retreated on Tuesday. The Dow was down 140 points to 17750. The S&P 500 lost 18 points to 2062. The Nasdaq Composite fell 54 points to 4763. The volume totals were reported higher on the NYSE and on the Nasdaq exchange, a sign of distributional pressure. Decliners led advancers by a 3-1 margin on the NYSE and on the Nasdaq exchange. There were 12 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 20 on the prior session. The new 52-week highs outnumbered new 52-week lows on the NYSE while the totals were evenly matched on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is enduring distributional pressure with losses on higher volume while consolidating above its 50-day moving average (DMA) line. 

The market's confirmed uptrend (M criteria) has come under pressure recently while the DOW and S&P 500 Index are consolidating above their respective 50-day and 200-day moving average (DMA) lines. Sustained rallies require a healthy crop of leaders (stocks hitting new highs), however, leadership has again been waning. Very few issues have appeared to meet the fact-based investment system's guidelines or make meaningful headway in recent weeks. The Featured Stocks Page includes current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts.

The major averages declined as investors appeared to turn cautious amid global growth concerns and mixed earnings reports. On the economic front, Chinese PMI figures showed that manufacturing contracted for a 14th consecutive month in the world’s second largest economy. In other global news, the European Commission cut its inflation forecast. A lone domestic release showed activity in New York Fed region rose to 57.0 in April, above last month’s 50.4 reading.

All 10 sectors in the S&P 500 finished lower on the session. Energy shares led the losses with oil extending yesterday’s weakness. Financial stocks also weighed on the markets with American International Group Inc (AIG -1.15%) down after the insurance giant missed profit projections by a wide margin. In earnings, Pfizer (PFE +2.74%) rose after topping analyst estimates and giving positive forward guidance. Mallinckrodt (MNK +6.80%) rallied as the drug maker easily topped Wall Street expectations.

Treasuries finished firmly higher along the curve. The benchmark 10-year note was up 21/32 to yield 1.80%. In commodities, NYMEX WTI crude fell 2.4% to $43.71/barrel. COMEX gold slid 0.6% to $1288.40/ounce. In FOREX, the dollar rebounded from a one-year low with strength against the euro and emerging currencies.

The Bank Index ($BKX -2.03%) and Broker/Dealer Index ($XBD -2.46%) had a negative influence on the major averages and the Retail Index ($RLX -0.90%) also fell. The tech sector was weak as the Semiconductor Index ($SOX -1.18%), Biotechnology Index ($BTK -2.51%), and the Networking Index ($NWX -2.59%) ended the session with unanimous losses. Commodity-linked groups also sank as the Gold & Silver Index ($XAU -3.87%), Oil Services Index ($OSX -2.93%) and the Integrated Oil Index ($XOI -2.64%) each lost ground. 

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -2.03%) met resistance at its 200-day moving average (DMA) line and slumped.

Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now!

You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please.  **Serious inquires only, please.

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
MXL - NYSE Maxlinear Inc Cl A Telecom-Infrastructure	$16.92	-0.31 -1.80%	$17.18	599,129 42.73% of 50 DAV 50 DAV is 1,402,000	$19.10 -11.41%	2/26/2016	$16.10	PP = $16.19
								MB = $17.00
Most Recent Note - 5/3/2016 5:27:31 PM G - Still sputtering below its 50 DMA line ($17.41). A rebound above that important short-term average is needed for its outlook to improve. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. >>> FEATURED STOCK ARTICLE : Found Support Above 50 DMA Line Consolidating Near 52-week High - 4/1/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
NVEE - NASDAQ N V 5 Global Inc Comml Svcs-Consulting	$25.27	-0.65 -2.51%	$25.74	45,571 82.86% of 50 DAV 50 DAV is 55,000	$28.66 -11.84%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 5/3/2016 5:26:21 PM Y - Consolidating above its 50 DMA ($24.94) line. That short-term average and its recent low ($24.21 on 4/21/16) define important near-term support where violations may trigger technical sell signals. Volume-driven gains above the pivot point may trigger a new technical buy signal. >>> FEATURED STOCK ARTICLE : Met Resistance When Poised to Breakout From Longer Base Pattern - 4/20/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I