Stocks rallied on Tuesday. The Dow gained 120 points to 18347. The S&P 500 climbed 15 points to 2152 and the Nasdaq Composite added 34 points to 5022. The benchmark S&P 500 Index and the Dow Jones Industrial Average both hit new record highs. Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria).  Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 110 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 119 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 2-year graph shows the Dow Jones Industrial Average hitting a new record high.  

See the Featured Stocks Page which now lists a few noteworthy candidates that have made headway.

The Dow closed at an all-time high for the first time since May 2015 as easing “Brexit” fears and anticipation of more stimulus out of Japan boosted risk assets. On the data front, wholesale inventories rose 0.1% in May, slightly below analyst estimates. A separate release revealed job openings decreased to 5.5 million in May, below last month’s reading of 5.8 million.

Seven of 10 sectors in the S&P 500 finished the session higher. Energy and Materials shares paced the gains while Utilities lagged. Earnings season kicked-off with shares of Alcoa (AA +5.42%) rose as the aluminum producer topped analyst profit estimates. Fastenal (FAST -3.46%) fell after missing Wall Street revenue forecasts. In M&A news, RR Donnelley (RRD +1.95%) rose on speculation the company could receive a takeover offer from Xerox (XRX +1.79%). Seagate Technology (STX +21.83%) rallied after a positive pre-announcement of fiscal fourth quarter earnings.

Treasuries retreated after tepid demand in the government’s auction of 10-year notes. The security lost 23/32 to yield 1.51%. In commodities, NYMEX WTI crude rebounded 4.3% to $46.42/barrel after OPEC predicted higher demand in 2017. COMEX gold lost 1.7% to $1334.00/ounce. In FOREX, the yen retreated the most since 2014 against its peers amid the perceived “risk on” sentiment.

The Broker/Dealer Index ($XBD +2.51%) and the Bank Index ($BKX +1.90%) both rallied higher and lifted the major averages on Tuesday. The Integrated Oil Index ($XOI +2.44%) and the Oil Services Index ($OSX +5.01%) both posted big gains. The Networking Index ($NWX +1.01%), Semiconductor Index ($SOX +1.33%) and the Biotechnology Index ($BTK +0.74%) posted unanimous gains. The Retail Index ($RLX -0.05%) finished flat and the Gold & Silver Index ($XAU -2.76%) was a laggard as it pulled back.

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	$269.51	+1.20 0.45%	$272.32	301,182 34.78% of 50 DAV 50 DAV is 866,000	$270.08 -0.21%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 7/12/2016 4:21:45 PM G - Touched a new high with below average volume behind today's small gain. Recent lows and its 50 DMA line ($254.81) 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	$197.33	+0.71 0.36%	$202.70	1,748,462 119.84% of 50 DAV 50 DAV is 1,459,000	$198.20 -0.44%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 7/11/2016 5:57:12 PM G - Color code is changed to green after gains with above average volume, rallying beyond its "max buy" level and into new high territory. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Triggered a technical buy signal with a volume-driven gain on 6/30/16. Prior highs define initial support to watch on pullbacks. >>> 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	$20.72	+0.44 2.17%	$20.78	1,010,279 88.54% of 50 DAV 50 DAV is 1,141,000	$20.98 -1.23%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 7/12/2016 4:20:33 PM G - Challenging its 52-week high. Color code was changed to green after rising back above its "max buy" level. 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	$66.51	+0.61 0.93%	$66.75	145,723 95.87% of 50 DAV 50 DAV is 152,000	$66.87 -0.54%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 7/11/2016 6:01:36 PM G - Very extended from any sound base following an impressive spurt of gains. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($53.12) 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	$61.06	-0.04 -0.07%	$61.46	1,618,485 92.17% of 50 DAV 50 DAV is 1,756,000	$61.18 -0.20%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 7/11/2016 5:52:21 PM Y - Hit another new high with today's 4th consecutive gain still lacking above average volume. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016  |  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	$29.63	+0.58 2.00%	$29.91	120,301 100.25% of 50 DAV 50 DAV is 120,000	$30.21 -1.92%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 7/12/2016 4:19:02 PM G - Color code is changed to green after rising above the "max by" level previously cited. Made little headway after clearing its prior base, yet now faces very little resistance due to overhead supply. Along with its 50 DMA line the recent lows in the $24-25 area define near-term 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