For the week, the Dow was up 1.1%, the S&P gained 1.3%, and the Nasdaq climbed 1.9%. Stocks finished firmly higher Friday. The Dow was up 250 points to 18146. The S&P 500 gained 32 points to 2129 and the Nasdaq Composite climbed 79 points to 4956. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, indicating an increase in institutional buying demand. Advancers decisively led decliners by an 8-1 margin on the NYSE and by 5-1 on the Nasdaq exchange. Leadership expanded as there were 98 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 40 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The benchmark S&P 500 Index rallied to finish -0.2% off its May 2015 record high. 

Big gains for the major indices and strong closes near each session high last Tuesday, Wednesday, and Thursday effectively put an end to the "correction" noted in prior commentaries. Experts at the newspaper stated that the bullish action signaled a new "confirmed uptrend" for the market (M criteria).  

The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index have unanimously rebounded above their 50-day moving average (DMA) lines following recent damaging losses on much heavy volume.  On the Featured Stocks Page a few noteworthy candidates remain, however in recent weeks few have made meaningful headway.

The major averages advanced following a better-than-expected jobs report. Non-farm payrolls jumped 287,000 in June versus a projected gain of 180,000 and up from a revised 11,000 in May. The unemployment rate rose to 4.9% from 4.7% as more Americans entered the labor market. The probability of a 2016 rate hike in the U.S. climbed to 23% from 10% before the job release according to Bloomberg data.

All 10 sectors in the S&P 500 finished the session in positive territory with Materials and Industrials pacing the gains. Financials also outperformed with Synchrony Financial (SYF +4.96%) rallying after the consumer finance company increased its quarterly dividend and share buyback. Retailer Gap (GPS +4.95%) was higher after reporting June same-store sales fell less than analyst forecasts.

Treasuries were mixed with the yield curve flattening. The benchmark 10-year advanced 7/32 to yield 1.36%. In commodities, NYMEX WTI crude finished unchanged at $45.10/barrel. COMEX gold ticked up 0.2% to $1364.70/ounce. In FOREX, the dollar declined against the yen but strengthened against the euro.

The Broker/Dealer Index ($XBD +2.24%) and the Bank Index ($BKX +1.87%) both rallied higher and lifted the major averages on Friday. The Retail Index ($RLX +1.96%) also rose. The Gold & Silver Index ($XAU +3.23%), Oil Services Index ($OSX +1.79%) and the Integrated Oil Index ($XOI +1.24%) posted unanimous gains.The Networking Index ($NWX +3.66%) and the Semiconductor Index ($SOX +2.82%) led the tech sector while the Biotechnology Index ($BTK +0.79%) posted a smaller 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	$269.81	+7.35 2.80%	$270.08	573,552 66.38% of 50 DAV 50 DAV is 864,000	$268.00 0.68%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 7/8/2016 4:47:12 PM G - Hit a new high with below average volume behind today's 3rd consecutive gain. Recent lows and its 50 DMA line ($253.21) define important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Near Highs After Finding Support Above 50-Day Moving Average Line - 7/1/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$185.13	-3.31 -1.76%	$189.63	1,490,950 105.89% of 50 DAV 50 DAV is 1,408,000	$193.44 -4.30%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 7/8/2016 4:44:30 PM Y - Encountered distributional pressure today. Volume totals had been cooling while consolidating above prior highs after triggering a technical buy signal with a volume-driven gain on 6/30/16. Highlighted in yellow with pivot point cited based on its 12/29/15 high plus 10 cents in the 6/29/16 mid-day report (read here). >>> FEATURED STOCK ARTICLE : Rallying Within Striking Distance of Highs - 6/29/2016  |  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	$19.50	+1.68 9.43%	$19.52	1,782,576 160.02% of 50 DAV 50 DAV is 1,114,000	$20.98 -7.05%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 7/8/2016 4:43:21 PM Y - Finished near the session high with above average volume behind its big gain. Rebounded above its 50 DMA line helping its outlook improve and its color code was changed to yellow. Recent lows and the 200 DMA line define important support to watch >>> FEATURED STOCK ARTICLE : Slump Into Prior Base and Below 50-Day Moving Average Raised Concerns - 7/5/2016  |  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	$64.92	+1.17 1.84%	$65.12	182,103 119.02% of 50 DAV 50 DAV is 153,000	$63.88 1.63%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 7/8/2016 12:33:17 PM G - Very extended from any sound base following volume-driven gains. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($52.71) defines near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 7/6/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
FBHS - NYSE Fortune Brands Hme & Sec Bldg-Constr Prds/Misc	$60.21	+1.43 2.43%	$60.32	1,471,733 84.73% of 50 DAV 50 DAV is 1,737,000	$59.98 0.38%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 7/8/2016 4:42:15 PM Y - Hit a new high today with a big gain backed by below average volume. Members were repeatedly reminded since first featured in the 6/22/16 mid-day report - "It needs subsequent volume-driven gains above the pivot point to trigger a technical buy signal." >>> FEATURED STOCK ARTICLE : Wait Continues for Technical Breakout - 6/22/2016  |  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	$28.20	+0.82 2.99%	$28.30	48,815 40.68% of 50 DAV 50 DAV is 120,000	$30.21 -6.65%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 7/8/2016 4:45:28 PM Y - Rebounded further above its 50 DMA line ($27.21) with below average volume behind today's 4th consecutive small gain. Faces a little resistance due to overhead supply. Recent lows in the $24 area define the next important support to watch. >>> FEATURED STOCK ARTICLE : Perched Near Highs After Rebound Above 50-Day Average - 6/30/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I