Stocks finished lower on Thursday. The Dow was down 19 points to 17985. The S&P 500 lost 3 points to 2115. The Nasdaq Composite fell 16 points to 4958. The volume totals were lighter on the NYSE and on the Nasdaq exchange versus the prior session. Breadth was negative as decliners led advancers by 3-2 margin on the NYSE and more than 2-1 on the Nasdaq exchange. There were 62 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 86 on the prior session. New 52-highs solidly outnumbered new 52-week lows on both the NYSE and Nasdaq exchanges.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is perched near its April highs. The Blue Chip index is -2% off its May 19, 2015 all-time high.

The market's confirmed uptrend (M criteria) continues. The S&P 500 Index and Nasdaq Composite Index have both rallied above their April highs and well above the 50-day moving average (DMA) lines. The Dow Jones Industrial Average has recently found support near its 50 DMA line, but it has been lagging behind its peers.  Leadership improved as more stocks hit new highs and additional stocks were listed as noteworthy buy candidates on the Featured Stocks Page.

The major averages declined for the first time this week as oil prices pulled back from a 10-month high. NYMEX WTI crude retreated 1.3% to $50.55/barrel. On the data front, initial jobless claims came in at 264,000, below the expected 270,000 and last week’s 267,000. In a separate release, wholesale inventories rose 0.6% in April, above analyst estimates.

Six of 10 sectors in the S&P 500 finished lower on the session. Financials and Materials were the worst performing groups while Utilities advanced. In earnings, J.M. Smucker (SJM +7.93%) rose after the food producer’s quarterly net sales climbed 25% as demand rose for its coffee brands. Restoration Hardware (RH -21.24%) plunged as the company cut its full-year outlook. H&R Block (HRB +2.52%) rose ahead of its scheduled release after the bell.

In M&A news, Envision Healthcare (EVHC +8.34%) rose on news the company is in advanced merger discussions with rival AmSurg Corp (AMSG +3.97%). Yahoo! (YHOO +1.03%) rose after receiving multiple bids for its core internet assets.

Treasuries advanced with the benchmark 10-year note up 7/32 to yield 1.67%. In commodities, COMEX gold gained 0.8% to $1270.20/ounce. In FOREX, the dollar moved higher against the euro.

The Bank Index ($BKX -1.30%) and the Broker/Dealer Index ($XBD -1.69%) created a drag on the major averages. The Biotechnology Index ($BTK -2.47%) dragged the tech sector lower as the Networking Index ($NWX -0.48%) posted a smaller loss, meanwhile the Semiconductor Index ($SOX +0.10%) inched higher. The Retail Index ($RLX -0.25%) edged lower.  The Oil Services Index ($OSX -1.17%) and the Integrated Oil Index ($XOI -0.93%) both lost ground, meanwhile the Gold & Silver Index ($XAU +0.79%) was a standout gainer.

Charts courtesy www.stockcharts.com

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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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$266.23	+1.25 0.47%	$266.54	497,869 60.13% of 50 DAV 50 DAV is 828,000	$268.00 -0.66%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/7/2016 5:09:53 PM G - Holding its ground stubbornly near all-time highs. Disciplined investors avoid chasing extended stocks. >>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 6/1/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$15.80	-0.06 -0.38%	$15.89	110,269 69.97% of 50 DAV 50 DAV is 157,600	$16.59 -4.76%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 6/8/2016 4:51:31 PM Y - Consolidating above its 50 DMA line ($15.60). Prior notes cautioned - "Subsequent volume-driven gains for new highs are needed to trigger a proper technical buy signal before action may be justified under the fact-based investment system." >>> FEATURED STOCK ARTICLE : Forming Ideal Base and Fundamentals Are Favorable - 5/27/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
IESC - NASDAQ I E S Holdings Inc Bldg-Maintenance and Svc	$14.01	-0.59 -4.04%	$14.89	64,691 107.82% of 50 DAV 50 DAV is 60,000	$15.64 -10.42%	6/6/2016	$15.19	PP = $15.74
								MB = $16.53
Most Recent Note - 6/8/2016 4:52:35 PM Y - Sputtering since highlighted in yellow with pivot point based on its 4/20/16 high plus 10 cents in the 6/06/16 mid-day report. Finished unchanged today after challenging its 52-week high. Volume-driven gains above the pivot point are needed to trigger a technical buy signal. Reported earnings +88% on +20% sales revenues for the Mar '16 quarter, marking its 3rd consecutive quarterly earnings increase above the +25% minimum earnings guideline and helping it better match the fact-based investment system's guidelines. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of New Highs - 6/6/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
MXL - NYSE Maxlinear Inc Cl A Telecom-Infrastructure	$20.62	+0.00 0.00%	$20.73	790,014 61.15% of 50 DAV 50 DAV is 1,292,000	$20.98 -1.71%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/7/2016 5:10:50 PM G - Quietly touched a new high today. Prior highs near $19 define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Latest Base After Recently Wedging Higher - 6/2/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
PATK - NASDAQ Patrick Industries Inc WHOLESALE - Building Materials Wholesale	$52.78	-0.61 -1.14%	$53.23	97,998 71.53% of 50 DAV 50 DAV is 137,000	$54.15 -2.53%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/9/2016 5:03:48 PM G - Volume totals are cooling while holding its ground near its 52-week high. Disciplined investors avoid chasing extended stocks. Prior highs define near term support in the $50 area, above its 50 DMA line ($48.67). >>> FEATURED STOCK ARTICLE : Solid Volume-Driven Gain Into New High Territory - 5/24/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
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
NVEE - NASDAQ N V 5 Global Inc Comml Svcs-Consulting	$28.50	-0.25 -0.87%	$28.86	100,699 92.38% of 50 DAV 50 DAV is 109,000	$30.21 -5.66%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/9/2016 5:05:52 PM Y - Finished in the upper third of its intra-day range with a small loss on near average volume. Still consolidating below its "max buy" level. Hit a new 52-week high with a volume-driven gain on 6/01/16 following M&A news. Support is defined by its 50 DMA line ($26.90) and a multi-month upward trendline. >>> FEATURED STOCK ARTICLE : Consolidating Near Highs After Completing New Public Offering - 5/31/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I