Stocks finished lower on Monday. The Dow was down 132 points to 17732. The S&P 500 lost 17 points to 2079. The Nasdaq Composite fell 46 points to 4848. The volume totals were mixed, lower on the NYSE and higher on the Nasdaq exchange versus the prior session. Breadth was negative as decliners led advancers by a 3-1 margin on the NYSE and on the Nasdaq exchange. There were 24 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 22 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 Nasdaq Composite Index slumped to a close below its 50-day moving average (DMA) line.  

The market's confirmed uptrend (M criteria) is encountering pressure again. The S&P 500 Index remains above its 50-day moving average (DMA) line, however, the Dow Jones Industrial Average slumped below its 50 DMA line along with the tech-heavy Nasdaq Composite Index. When leadership recently improved additional stocks were listed on the Featured Stocks Page as noteworthy buy candidates.

The major averages declined for a third straight session ahead of the start of the Federal Reserve’s two-day policy meeting tomorrow. On the international front, global stocks were firmly lower amid heightened fears of a U.K. “Brexit” from the European Union. The yen surged against the dollar as a perceived “risk-off” trade took hold in the markets. The CBOE Volatility Index (VIX) briefly climbed above 19.5, its highest level since March.

All 10 sectors in the S&P 500 finished in negative territory. Materials, Industrials and Technology were the worst performing groups. In M&A news, LinkedIn (LNKD +46.64%) surged after agreeing to a $26.2 billion takeover offer from Microsoft (MSFT -2.60%). Elsewhere on the M&A front, Symantec (SYMC +5.26%) on news the company will acquire privately held cybersecurity firm Blue Coat for $4.65 billion. Facebook (FB  2.29%) was a notable decliner.

Treasuries were higher along the curve with the benchmark 10-year note up 8/32 to yield 1.61%. In commodities, NYMEX WTI crude was down 0.7% to $48.71/barrel. COMEX gold added 0.9% to $1284.40/ounce. In FOREX, the Dollar Index fell 0.2%.

The Bank Index ($BKX -1.05%) and the Broker/Dealer Index ($XBD -1.12%) created a drag on the major averages. The Biotechnology Index ($BTK -1.56%), Networking Index ($NWX -0.80%) and the Semiconductor Index ($SOX -0.53%) ended unanimously lower. The Retail Index ($RLX 0.80%) also was lower.  The Oil Services Index ($OSX -1.13%) and Integrated Oil Index ($XOI -1.15%) both fell while the Gold & Silver Index ($XAU +0.21%) eked out a small gain.

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	$258.83	-2.27 -0.87%	$262.71	452,984 54.45% of 50 DAV 50 DAV is 832,000	$268.00 -3.42%	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	$15.57	-0.15 -0.95%	$15.86	167,280 106.14% of 50 DAV 50 DAV is 157,600	$16.59 -6.15%	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	$13.76	+0.09 0.66%	$14.62	75,585 130.32% of 50 DAV 50 DAV is 58,000	$15.64 -12.02%	6/6/2016	$15.19	PP = $15.74
								MB = $16.53
Most Recent Note - 6/13/2016 12:20:03 PM G - Sputtering near its 50 DMA line, enduring distributional pressure. Volume-driven gains above the pivot point are still needed to trigger a proper 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	$19.91	-0.22 -1.09%	$20.30	1,124,300 87.43% of 50 DAV 50 DAV is 1,286,000	$20.98 -5.09%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/13/2016 6:05:20 PM G - Pulled back again on slightly higher but below average volume. Prior highs near $19 define initial support to watch above its 50 DMA line ($18.51). >>> 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	$51.58	-0.02 -0.04%	$52.04	96,513 76.60% of 50 DAV 50 DAV is 126,000	$54.15 -4.75%	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	$27.01	-0.50 -1.82%	$27.70	78,811 71.65% of 50 DAV 50 DAV is 110,000	$30.21 -10.59%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/13/2016 6:03:09 PM Y - Ended lower for a third straight session, consolidating near important support 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