Stocks finished mixed on Friday. The Dow was up 21 points to 18003. The S&P 500 was less than a point higher at 2091. The Nasdaq Composite fell 40 points to 4906. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by nearly a 3-2 margin on the Nasdaq exchange. There were 22 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 20 on the prior session. The new 52-week highs totals contracted yet still easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average ended -1.9% off its record high hit last May.

The DOW, S&P 500 Index, and Nasdaq Composite rallied further above their respective 50-day and 200-day moving average (DMA) lines. A recent expansion in new highs was noted as a reassuring sign because any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The Featured Stocks Page includes current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts.

The major averages experienced another choppy session as investors weighed more corporate earnings releases. On the data front, a report showed manufacturing activity unexpectedly slowed in April. The Fed garnered attention ahead of next week’s scheduled two-day policy meeting. While no change in interest rates is anticipated, futures are pricing a 63% chance of an increase by year end, according to Bloomberg.

Eight of 10 sectors in the S&P 500 were higher on the session. Energy was the best performing group as oil advanced. ConocoPhillips (COP +3.0%) rose and Halliburton (HAL +1.3%) climbed ahead of its quarterly release before the open Monday. Technology was down the most on the session as disappointing earnings weighed on the sector’s performance. Microsoft (MSFT -7.2%) fell hard as profits missed analyst forecasts. Google parent Alphabet (GOOG -5.4%) fell after posting results below consensus.

Treasuries were lower for a fifth-consecutive session. The benchmark 10-year note was down 6/32 to yield 1.88%. In commodities, NYMEX WTI crude increased 1.3% to $43.75/barrel. COMEX gold lost 1.3% to $1233.30/ounce.

The Bank Index ($BKX +1.16%) and the Broker/Dealer Index ($XBD +1.54%) both rose on Friday but the Retail Index ($RLX -0.35%) ended lower. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -2.10%) fell and the Oil Services Index ($OSX +2.52%) and the Integrated Oil Index ($XOI +1.73%) both finished solidly higher. The Networking Index ($NWX +1.41%) led the tech sector while the Biotechnology Index ($BTK +0.30%) and the Semiconductor Index ($SOX +0.20%) both edged higher. 

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.35%) rebounded impressively from its February lows and finished -3.4% off its December high.

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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
MXL - NYSE Maxlinear Inc Cl A Telecom-Infrastructure	$17.09	-0.13 -0.75%	$17.50	1,013,983 74.12% of 50 DAV 50 DAV is 1,368,000	$19.10 -10.52%	2/26/2016	$16.10	PP = $16.19
								MB = $17.00
Most Recent Note - 4/21/2016 5:34:34 PM Y - Color code is changed to yellow after rebounding above its 50 DMA line. Found prompt support following a considerable loss on 4/19/16 with 4 times average volume that raised concerns and triggered a technical sell signal. Members were reminded - "Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Only a prompt rebound above the 50 DMA line would, help its outlook improve." >>> FEATURED STOCK ARTICLE : Found Support Above 50 DMA Line Consolidating Near 52-week High - 4/1/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
NVEE - NASDAQ N V 5 Global Inc Comml Svcs-Consulting	$25.78	+1.23 5.01%	$25.90	79,813 159.63% of 50 DAV 50 DAV is 50,000	$28.66 -10.06%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 4/22/2016 12:37:54 PM Y - Rebounding today after 2 consecutive big losses with above average volume raised concerns. Its 50 DMA line ($23.94) and prior highs define important near-term support to watch. A convincing close above the pivot point in new all-time high territory may signal the beginning of a meaningful advance. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Met Resistance When Poised to Breakout From Longer Base Pattern - 4/20/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I