For the week, the Dow was up 0.3%, the S&P 500 fell 0.1% and the Nasdaq Composite dropped 1%. Stocks retreated on Friday. The Dow was down 119 points to 17865. The S&P 500 lost 19 points to 2096. The Nasdaq Composite fell 64 points to 4894. The volume totals were higher on the NYSE and on the Nasdaq exchange versus the prior session, a sign of distributional pressure. Breadth was negative as decliners led advancers by a 4-1 margin on the NYSE and on the Nasdaq exchange. There were 22 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 62 on the prior session. New 52-highs solidly outnumbered new 52-week lows on the NYSE, but new lows outnumbered new highs on the Nasdaq exchanges.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is perched within striking distance of record highs. 

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 S&P 500 pared its weekly gains as investors digested international uncertainty. Global stocks experienced the worst session in four months amid heightened fears of a U.K. “Brexit” from the European Union. On the domestic data front, a University of Michigan report on consumer sentiment came in at 94.3, slightly below last month’s reading of 94.7. In M&A news, Axiall Corporation (AXLL +26.15%) rose after agreeing to a $3.8 billion takeover offer from Westlake Chemical (WLK +2.97%).

Eight of 10 sectors in the S&P 500 finished in negative territory. Energy and Financials were the worst performing groups while Telecom advanced. In earnings, H&R Block (HRB +12.49%) rose after matching expectations on the top and bottom line. Mattress Firm (MFRM -12.45%) as the company posted a wider-than-expected quarterly loss. Tesla Motors (TSLA -4.61%) was a notable decliner.

Treasuries strengthened as the session wore on with the benchmark 10-year note up 14/32 to yield 1.63%. In commodities, NYMEX WTI crude retreated 3.2% to $48.91/barrel. COMEX gold added 0.3% to $1273.40/ounce. In FOREX, the dollar moved higher against its peers.

The Bank Index ($BKX -1.57%) and the Broker/Dealer Index ($XBD -2.10%) created a drag on the major averages. The Biotechnology Index ($BTK -2.44%), Networking Index ($NWX -1.50%) and the Semiconductor Index ($SOX -1.67%) ended unanimously lower. The Retail Index ($RLX -1.09%) also was lower.  The Oil Services Index ($OSX -3.60%), Integrated Oil Index ($XOI -2.21%) and the Gold & Silver Index ($XAU -2.11%) rounded out the widely negative session with big losses.

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	$261.10	-5.13 -1.93%	$267.17	599,341 72.38% of 50 DAV 50 DAV is 828,000	$268.00 -2.57%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/10/2016 5:14:11 PM G - Ended near the session low while quietly consolidating 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	$15.76	-0.04 -0.25%	$15.95	113,011 48.50% of 50 DAV 50 DAV is 233,000	$16.59 -5.00%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 6/10/2016 5:14:59 PM Y - Quietly consolidating above its 50 DMA line ($15.63). 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	$13.67	-0.34 -2.43%	$14.56	75,590 130.33% of 50 DAV 50 DAV is 58,000	$15.64 -12.60%	6/6/2016	$15.19	PP = $15.74
								MB = $16.53
Most Recent Note - 6/10/2016 5:10:15 PM G - Slumped below its 50 DMA line raising concerns with today's 5th consecutive loss and its color code is changed to green. 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. Volume-driven gains above the pivot point are needed to trigger a technical buy signal. >>> 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	$20.13	-0.49 -2.38%	$20.48	982,795 76.19% of 50 DAV 50 DAV is 1,290,000	$20.98 -4.04%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/10/2016 5:11:10 PM G - Pulled back on slightly higher but below average volume 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	$51.60	-1.18 -2.24%	$52.65	79,910 59.19% of 50 DAV 50 DAV is 135,000	$54.15 -4.71%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/10/2016 5:12:51 PM Y - Volume totals are cooling while consolidating below its "max buy" level and its color code is changed to yellow. Prior highs define near term support in the $50 area, above its 50 DMA line ($48.80). >>> 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	$27.51	-0.99 -3.47%	$28.34	83,042 75.49% of 50 DAV 50 DAV is 110,000	$30.21 -8.94%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/10/2016 5:08:31 PM Y - 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 ($26.92) 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