For the week, the Dow was down 0.3%, the S&P 500 gained 0.1% and the Nasdaq Composite added 0.3%. Stocks finished lower on Friday. The Dow was down 31 points to 17807. The S&P 500 lost 6 points to 2099. The Nasdaq Composite fell 28 points to 4942. The volume totals were reported mixed, higher on the NYSE and lighter on the Nasdaq exchange versus the prior session. Breadth was mixed as advancers led decliners by 8-7 on the NYSE but decliners led advancers by almost 2-1 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 52 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 is consolidating near its April highs. It is -5.5% off its July 20, 2015 all-time high (not shown).

The market's confirmed uptrend (M criteria) continues. The S&P 500 Index and Nasdaq Composite Index have both rebounded near their April highs and well above the 50-day moving average (DMA) lines. The Dow Jones Industrial Average has recently found support near its 50 DMA line, but it has been lagging behind its peers.  Leadership recently improved as more stocks hit new highs and additional stocks were listed on the Featured Stocks Page.

The major averages declined following a disappointing non-farm payrolls report. The U.S. economy added 38,000 jobs in May, which was far below the 160,000 projected by analysts and the lowest number since 2010. In addition, reports from the past two months were revised 59,000 jobs lower. The labor force participation rate fell 0.2% to 62.8% while the unemployment rate dropped to 4.7%, matching the lowest level since February 2008. Futures are currently pricing in only a 4% probability that the Fed will raise interest rates this month, down from 22% before the jobs report.

Elsewhere on the data front, the ISM’s survey of U.S. services fell to 52.9 in May, below expectations of 55.3. Finally, U.S. factory orders rose 1.9%, the highest increase since October.

Six of 10 sectors in the S&P 500 finished the session in negative territory. Financials led the losses in sympathy with lower interest rate expectations while Utilities outperformed.

Treasuries advanced with the benchmark 10-year note surging 28/32 to yield 1.70%. In commodities, COMEX gold climbed 2.7% to $1242.50/ounce. In FOREX, the Dollar Index tumbled 1.6% against its peers.

The Bank Index ($BKX -2.25%) and the Broker/Dealer Index ($XBD -2.20%) created a drag on the major averages on Friday. The tech sector was mixed as the Biotechnology Index ($BTK -1.95%) slumped while the Networking Index ($NWX +0.26%) and the Semiconductor Index ($SOX +0.31%) each posted a modest gain. The Retail Index ($RLX -0.43%) edged lower.  The Oil Services Index ($OSX +0.38%) edged higher and the Integrated Oil Index ($XOI -0.45%) slumped. 

gCharts 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	$264.38	-1.46 -0.55%	$265.70	1,108,325 138.20% of 50 DAV 50 DAV is 802,000	$267.39 -1.13%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/2/2016 12:39:56 PM G - Perched at all-time highs following volume-driven gains and a rally 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). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 6/1/2016  |  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	$15.76	-0.06 -0.38%	$15.79	156,931 98.70% of 50 DAV 50 DAV is 159,000	$16.59 -5.00%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 6/3/2016 5:00:40 PM Y - Ended near the session high for a tiny loss after intra-day lows undercutting its 50 DMA line ($15.54). Prior noted cautioned - "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." >>> 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	$20.55	-0.31 -1.49%	$20.65	933,350 68.98% of 50 DAV 50 DAV is 1,353,000	$20.94 -1.86%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/2/2016 5:29:16 PM G - Disciplined investors avoid chasing extended stocks too far above prior highs. Prior highs near $19 define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Latest Base After Recently Wedging Higher - 6/2/2016  |  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	$53.66	+0.10 0.19%	$54.00	74,865 53.86% of 50 DAV 50 DAV is 139,000	$54.09 -0.79%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/3/2016 5:03:22 PM G - Volume totals have been cooling while stubbornly holding its ground near its 52-week high. Disciplined investors avoid chasing extended stocks. Prior highs define near term support in the $50 area, above its 50 DMA line ($48.17). >>> 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	$28.40	+0.29 1.03%	$28.62	115,192 107.66% of 50 DAV 50 DAV is 107,000	$30.21 -5.99%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/2/2016 12:30:41 PM Y - Color code was changed to yellow after retreating below its "max buy" level. Hit a new 52-week high with a volume-driven gain on the prior session following M&A news. Support is defined by its 50 DMA line ($26.65) and a multi-month upward trendline. See the latest FSU analysis for more details and an 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