On Thursday the Dow was off 23 points to 17828 The S&P 500 lost less than a point at 2090 and the Nasdaq Composite added 6 points to 4901. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Advancers narrowly led decliners on the NYSE while decliners led advancers 5-4 on the Nasdaq exchange. There were 35 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 63 on the prior session. New 52-highs solidly outnumbered new 52-week lows on both the NYSE and Nasdaq exchanges.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average rebound above its 50-day moving average (DMA) line. The Blue Chip index finished -2.8% off its record high of last May. 

The market's confirmed uptrend (M criteria) continues as stocks overcame 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 recently 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 toggled between gains and losses amid a flurry of updates on the economy. On the data front, initial jobless claims came in at 268,000, below the expected 275,000 and last week’s 278,000. Durable goods orders surged 3.4% in April, dwarfing expectations of a 0.5% increase. Pending home jumped up 5.1% in April, easily exceeding projections of a 0.7% hike. Tempering the optimism was release that showed capital goods orders fell 0.8%, more that the predicted 0.5% decrease.

Six of 10 sectors in the S&P 500 advanced on the session. The high dividend paying Utilities and Telecom stocks paced the gains while Materials shares lagged. In earnings, Costco (COST +3.58%) after beating analyst profit expectations. Discount retailer Dollar Tree (DLTR +12.77%) surged after topping estimates on same-store sales. Abercrombie and Fitch (ANF -15.67%) as the clothier posted a wider-than-expected quarterly loss.

Treasuries finished higher with the benchmark 10-year note gaining 10/32 to yield 1.83%. In commodities, NYMEX WTI crude slipped 0.5% to $49.32/barrel after briefly climbing above $50/barrel earlier in the session. COMEX gold was off 0.3% to $1220.30/ounce. In FOREX, the dollar retreated against the yen and euro.

The Broker/Dealer Index ($XBD -0.77%) and the Bank Index ($BKX -0.92%) both created a drag on the major averages while the Retail Index ($RLX+0.74%) posted a gain. The tech sector was mixed as the Biotechnology Index ($BTK -1.32%) fell, yet the Semiconductor Index ($SOX +0.31%) and the Networking Index ($NWX +0.33%) both edged higher. The Integrated Oil Index ($XOI -0.65%) and Oil Services Index ($OSX -1.78%) both fell while the Gold & Silver Index ($XAU -0.12%) finished flat.

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	$254.78	-0.89 -0.35%	$256.25	530,698 94.77% of 50 DAV 50 DAV is 560,000	$257.30 -0.98%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 5/26/2016 5:32:59 PM Y - Perched near its "max buy" level, stubbornly holding its ground. Bullish action has continued since highlighted in yellow 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	$20.07	-0.08 -0.40%	$20.17	661,735 45.51% of 50 DAV 50 DAV is 1,454,000	$20.39 -1.58%	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	$52.68	+0.04 0.08%	$53.16	62,021 42.19% of 50 DAV 50 DAV is 147,000	$53.68 -1.86%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 5/26/2016 5:31:24 PM Y - Held its ground stubbornly perched at its 52-week high. Finished strong after highlighted in yellow in the 5/24/16 mid-day report. See the latest FSU analysis for more details and an 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	$27.36	-0.52 -1.87%	$27.87	84,540 88.99% of 50 DAV 50 DAV is 95,000	$29.30 -6.62%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 5/26/2016 5:29:49 PM Y - Consolidating above its 50 DMA line, perched within striking distance of its 52-week high. 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