For the month, the Dow ticked 0.1% higher, the S&P 500 climbed 1.5%, and the Nasdaq advanced 3.6%. Stocks finished mostly lower Tuesday. The Dow lost 86 points to 17787. The S&P 500 slipped 2 points to 2096. The Nasdaq added 14 points to 4948. The volume totals were reported higher on the NYSE and on the Nasdaq exchange versus the prior session. Breadth was slightly positive as advancers led decliners by 8-7 on the NYSE and 4-3 on the Nasdaq exchange. There were 57 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 50 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 Nasdaq Composite Index has rebounded above its 50-day and 200-day moving average (DMA) lines and rallied near prior highs. 

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 S&P 500 pared some of its monthly advance amid a flurry of economic releases. An update on inflation this morning showed that prices rose 0.3% in April, the most in almost a year. Personal income ticked 0.4% higher, while personal spending climbed 1%, the sharpest increase in almost seven years. A separate release showed that home prices were up 5.4% year-over-year in March. Finally, the consumer confidence index yielded a reading of 92.6, which was lower than the predicted 96.1 and last month’s 94.2.

Six out of 10 sectors in the S&P 500 declined on the session. Consumer Staples stocks lagged with Constellation Brands (STZ -2.97%) falling. Telecom shares outperformed with Verizon (VZ +0.55%) rose on news the company reached a tentative deal to end its high-profile workers strike. In earnings, Medtronic (MDT -1.48%) fell despite exceeding Wall Street profit forecasts.

Treasuries strengthened as the session wore on with the benchmark 10-year note gaining 2/32 higher to yield 1.84%. In commodities, NYMEX WTI crude sold-off late to lose 0.7% to $49.02/barrel. COMEX gold added 0.1% to $1215.00/ounce.

The Broker/Dealer Index ($XBD +0.15%) and the Bank Index ($BKX -0.23%) were mixed and little changed on Tuesday while the Retail Index ($RLX +0.03%) finished flat. The tech sector had a bullish bias as the Biotechnology Index ($BTK +1.62%) led the way and the Semiconductor Index ($SOX +0.53%) and Networking Index ($NWX +0.75%) both edged higher.  The Integrated Oil Index ($XOI -0.72%) outpaced the Oil Services Index ($OSX -0.09%) to the downside. The Gold & Silver Index ($XAU +1.47%) rose.

Charts courtesy www.stockcharts.com

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	$263.54	+7.57 2.96%	$265.87	2,644,772 480.87% of 50 DAV 50 DAV is 550,000	$257.30 2.43%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 5/31/2016 12:37:58 PM G - Gapped up today and its color code is changed to green after rallying well above its "max buy" level. Disciplined investors avoid chasing extended stocks. 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
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$15.82	+0.02 0.13%	$15.94	157,014 95.16% of 50 DAV 50 DAV is 165,000	$16.59 -4.64%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 5/27/2016 5:47:21 PM Y - Highlighted in yellow with pivot point cited based on its 4/27/16 high plus 10 cents. Mar '16 marked its 6th consecutive earnings increase above the +25% minimum guideline (C criteria). Subsequent volume-driven gains for new highs are needed to trigger a proper technical buy signal before action may be justified under the fact-based investment system. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Forming Ideal Base and Fundamentals Are Favorable - 5/27/2016  |  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	+0.45 2.22%	$20.75	1,228,419 89.21% of 50 DAV 50 DAV is 1,377,000	$20.40 1.57%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 5/31/2016 5:26:38 PM G - Hit another new high with below average volume behind today's gain. Disciplined investors avoid chasing extended stocks too far above prior highs. Prior highs near $19 define initial support to watch on pullbacks. >>> 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	$53.43	+0.05 0.09%	$53.77	76,051 53.94% of 50 DAV 50 DAV is 141,000	$53.69 -0.48%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 5/27/2016 5:45:58 PM G - Color code is changed to green after quietly rising above its "max buy" level. Disciplined investors avoid chasing extended stocks. Prior highs define near term support in the $50 area. >>> 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	$27.25	-0.52 -1.87%	$27.92	146,394 152.49% of 50 DAV 50 DAV is 96,000	$29.30 -7.00%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 5/31/2016 5:22:20 PM Y - Encountering distributional pressure while 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)." See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Near Highs After Completing New Public Offering - 5/31/2016  |  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