Stocks finished higher on Wednesday. The Dow was up 145 points to 17851. The S&P 500 gained 14 points to 2090 and the Nasdaq Composite added 33 points to 4894. The volume totals were reported mixed, higher on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than 2-1 on the NYSE and 9-5 on the Nasdaq exchange. There were 63 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 58 on the prior session. New 52-highs expanded and solidly outnumbered a shrinking list of new 52-week lows on both the NYSE and Nasdaq exchanges.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index has managed an impressive rebound above its 50-day and 200-day moving average (DMA) lines. The tech-heavy index finished -6.4.7% off its record high hit on July 20, 2015. 

The market's confirmed uptrend (M criteria) continues as stocks overcome recent pressure. The Dow Jones Industrial Average,S&P 500 Index and the Nasdaq Composite Index have all rebounded above their 50 DMA lines, respectively. Leadership improved as more stocks hit new highs. Although very few issues have appeared to meet the fact-based investment system's guidelines or made meaningful headway in recent weeks, the latest expansion in leadership is a reassuring sign. 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 advanced as investors digested the growing possibility of higher interest rates in the U.S. On the data front, a preliminary reading revealed services sector activity slowed to 51.2 in May, well below expectations of 53.0, and the 52.8 reading from April. In a separate release, a report showed home prices rose 0.7% in March, above the consensus forecast to increase 0.5%.

Nine of 10 sectors in the S&P 500 finished the session in positive territory. Energy shares paced the gains as crude oil approached $50/barrel. Shares of Hewlett Packard Enterprise (HPE +6.77%) rose as the company announced it would spin off and merge its IT services business with Computer Sciences Corp (CSC +42.08%). On the earnings front, Tiffany & Co. (TIF +0.06%) inched higher despite quarterly revenue falling short of analyst estimates. Costco (COST +1.38%) rose ahead of its scheduled release after the bell.

Treasuries were mixed with the benchmark 10-year note down 1/32 to yield 1.86%. In commodities, NYMEX WTI crude added 2.2% to $49.70/barrel. COMEX gold was off 0.4% to $1224.50/ounce. In FOREX, the dollar gained against the yen but slipped against the British pound.

Again on Thursday the Broker/Dealer Index ($XBD +1.10%) and the Bank Index ($BKX +1.89%) both helped boost the major averages while the Retail Index ($RLX+0.83%) also posted a solid gain. The tech sector saw unanimous gains from the Biotechnology Index ($BTK +1.50%), Semiconductor Index ($SOX +0.56%) and the Networking Index ($NWX +0.42%). Commodity-linked groups were leaders as the Integrated Oil Index ($XOI +1.68%), Oil Services Index ($OSX +3.83%), and the Gold & Silver Index ($XAU +2.59%) posted solid gains.

Charts courtesy www.stockcharts.com

Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now!

You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please.  **Serious inquires only, please.

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	$255.67	+1.02 0.40%	$257.30	577,255 104.01% of 50 DAV 50 DAV is 555,000	$255.57 0.04%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 5/24/2016 5:27:26 PM Y - Rallied toward its "max buy" level with today's volume-driven gain. Volume totals had been cooling while stubbornly holding its ground since highlighted in yellow with pivot point based on its 8/18/15 high plus 10 cents in the 5/11/16 mid-day report (read here). >>> FEATURED STOCK ARTICLE : Fundamentals Strong Behind Technical Breakout - 5/11/2016  |  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	$20.15	+0.17 0.85%	$20.39	1,197,594 82.42% of 50 DAV 50 DAV is 1,453,000	$20.12 0.15%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 5/24/2016 5:10:17 PM Y - Hit another new all-time high with higher volume behind today's gain while challenging its "max buy" level. Disciplined investors avoid chasing extended stocks too far above prior highs. >>> FEATURED STOCK ARTICLE : Rebounded Above 50-Day Average Following Strong Earnings News - 5/12/2016  |  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	$52.64	-0.31 -0.59%	$53.00	140,330 96.12% of 50 DAV 50 DAV is 146,000	$53.68 -1.94%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 5/24/2016 5:26:31 PM Y - Finished strong after highlighted in yellow with pivot point based on its 4/28/16 high plus 10 cents in the earlier mid-day report. Hit new all-time highs confirming a technical buy signal with today's volume-driven gain, rallying with no resistance due to overhead supply. Reported earnings +36% on +25% sales revenues for the Mar '16 quarter, and prior quarters were above the +25% minimum earnings guideline (C criteria). Prior downturn in FY '13 was a flaw noted in its annual earnings (A criteria) history. See the latest FSU analysis for more details and a new annotated graph. >>> 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
NVEE - NASDAQ N V 5 Global Inc Comml Svcs-Consulting	$27.88	+0.55 2.01%	$28.62	171,555 186.47% of 50 DAV 50 DAV is 92,000	$29.30 -4.85%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 5/25/2016 12:46:01 PM Y - Rebounding further above its 50 DMA line toward prior highs with today's 4th consecutive volume-driven gain. Completed a new Public Offering on 5/13/16. Members were cautioned - "Such offerings often hinder near-term price progress yet help companies to attract more institutional owners (I criteria)." >>> FEATURED STOCK ARTICLE : Less Volume Behind Gain For Another New High - 5/10/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I