For the week, the Dow lost 0.2%, the S&P 500 declined 0.4%, and the Nasdaq fell 0.8%. Stocks finished higher on Friday. The Dow was up 79 points to 17740. The S&P 500 gained 6 points to 2057. The Nasdaq Composite climbed 19 points to 4736. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly 2-1 on the NYSE but by a narrower 7-6 margin  on the Nasdaq exchange. Leadership improved as there were 27 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 24 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows yet again outnumbered new highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index tested support at its 50-day moving average (DMA) line. It is -3.6% off its record high hit on May 20, 2015. 

The market's confirmed uptrend (M criteria) has come under pressure recently while the DOW and S&P 500 Index are now consolidating just above their respective 50-day and 200-day moving average (DMA) lines. Sustained rallies require a healthy crop of leaders (stocks hitting new highs). Very few issues have appeared to meet the fact-based investment system's guidelines or make meaningful headway in recent weeks. 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 rallied late despite a disappointing jobs report. Nonfarm payrolls grew 160,000 in April, which was the smallest gain in seven months. The number was below a projected 200,000 increase and the 215,000 added in March. The unemployment rate remained steady at 5.0% while the labor force participation rate fell 0.2% to 62.8%.

Seven out of ten sectors in the S&P 500 finished higher on the session. Materials and Industrials paced outperformed while Utilities and Health Care stocks lagged. In earnings, Endo Pharmaceuticals (ENDP -39.17%) tumbled after significantly reducing forward guidance. Video game maker Activision Blizzard (ATVI +8.48%) rose as profits topped forecasts. Despite beating analyst expectations on the top and bottom line, Square (SQ -21.69%) suffered a big loss. Herbalife (HLF +9.09%) rallied as the company bested earnings projections and raised its full year outlook.

Treasuries moved lower following the jobs report. Benchmark 10-year notes slid 9/32 to yield 1.78%. In commodities, NYMEX WTI crude gained 0.7% to $44.62/barrel. COMEX gold advanced 1.4% to $1289.50/ounce.

The Retail Index ($RLX +1.00%) had a positive influence on the major averages on Friday and the Bank Index ($BKX +0.30%) edged higher while the Broker/Dealer Index ($XBD -0.01%) finished flat. The tech sector was mixed, led by the Networking Index ($NWX +1.29%), meanwhile the Semiconductor Index ($SOX +0.11%) posted a small gain, but the Biotechnology Index ($BTK -0.29%) edged lower. The Oil Services Index ($OSX +1.02%) posted a gain while the Integrated Oil Index ($XOI -0.25%) ended with a small loss. 

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +3.97%) was a standout gainer. It recently rallied above its January 2015 highs.

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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	$16.37	+0.02 0.12%	$16.57	1,298,279 93.54% of 50 DAV 50 DAV is 1,388,000	$19.10 -14.29%	2/26/2016	$16.10	PP = $16.19
								MB = $17.00
Most Recent Note - 5/6/2016 5:03:05 PM G - Recovered from mid-day low to finish in the upper third of its intra-day range. A rebound above the 50 DMA line ($17.46) is needed for its outlook to improve. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. >>> 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	$27.31	+3.12 12.90%	$27.32	178,590 313.32% of 50 DAV 50 DAV is 57,000	$28.66 -4.72%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 5/6/2016 5:04:14 PM Y - Finished at the session high with a volume-driven gain, promptly rebounding above its 50 DMA line. The volume-driven gain helped its outlook improve and its color code was changed to yellow. Reported earnings +39% on +54% sales revenues for the Mar '16 quarter, continuing its strong earnings track record. >>> 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