Stocks finished lower on Wednesday. The Dow was down 34 points to 17640. The S&P 500 lost 3 points to 2071 and the Nasdaq Composite fell 8 points to 4834. The volume totals were mixed, higher on the NYSE and lower on the Nasdaq exchange versus the prior session. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 15 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 24 on the prior session. New 52-highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchanges.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index slumped below its 50-day moving average (DMA) line with a streak of losses. It is trading near its 200 DMA line and an upward trendline where more damaging losses would raise greater concerns.  

The market's confirmed uptrend (M criteria) is encountering pressure again. The S&P 500 Index and Dow Jones Industrial Average have slumped below their 50 DMA lines along with the tech-heavy Nasdaq Composite Index. When leadership recently improved additional stocks were listed on the Featured Stocks Page as noteworthy buy candidates.

The major averages sold off late in the session after Federal Reserve officials signaled a slower pace of interest-rate increases. The central bank left the benchmark interest rate unchanged amid mixed economic growth and global uncertainty. On the data front, producer prices rose 0.4% in May, after increasing 0.2% the previous month. In a separate release, a report revealed business conditions in the New York Fed region edged higher in June. Finally, an update showed U.S. industrial production fell 0.4% in May.

Six of 10 sectors in the S&P 500 finished in negative territory. Utilities and Health Care shares were the worst performing groups while Materials advanced. Whole Foods (WFM -4.92%) after the FDA warned the company over “serious violations” at a Massachusetts kitchen. Cisco (CSCO -1.07%) fell after being the subject of negative analyst commentary. US Steel (X +7.96%) was a notable gainer.

Treasuries finished higher with the benchmark 10-year note up 9/32 to yield 1.58%. In commodities, NYMEX WTI crude retreated 2.3% to $47.36/barrel. COMEX gold was little changed at $1285.80/ounce. In FOREX, the dollar fell against the pound and euro.

The Retail Index ($RLX +0.25%) eked out a small gain as the Bank Index ($BKX +0.19%) and the Broker/Dealer Index ($XBD +0.54%) also helped the major averages. The Biotechnology Index ($BTK -0.03%), Networking Index ($NWX -0.04%) and the Semiconductor Index ($SOX -0.09%) each ended the session nearly unchanged.  The Oil Services Index ($OSX -0.54%) and Integrated Oil Index ($XOI -0.25%) both edged lower, meanwhile the Gold & Silver Index ($XAU +4.41%) was a standout gainer.

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	$259.65	+0.28 0.11%	$261.12	401,837 48.12% of 50 DAV 50 DAV is 835,000	$268.00 -3.12%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/15/2016 4:45:07 PM G - Still quietly consolidating near all-time highs. Disciplined investors avoid chasing extended stocks. Prior highs and its 50 DMA line define near-term support in the $242-244 area. >>> 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	$15.26	+0.00 0.00%	$15.50	108,875 47.13% of 50 DAV 50 DAV is 231,000	$16.59 -8.02%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 6/15/2016 4:47:33 PM G - Color code is changed to green while sputtering below its 50 DMA line. Its 200 DMA line ($14.99) and prior lows define near-term support to watch. Prior notes 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
IESC - NASDAQ I E S Holdings Inc Bldg-Maintenance and Svc	$13.79	-0.14 -1.01%	$14.10	60,769 106.61% of 50 DAV 50 DAV is 57,000	$15.64 -11.83%	6/6/2016	$15.19	PP = $15.74
								MB = $16.53
Most Recent Note - 6/15/2016 12:22:41 PM G - Still sputtering near its 50 DMA line after enduring distributional pressure. Prior notes cautioned members repeatedly - "Volume-driven gains above the pivot point are still needed to trigger a proper technical buy signal." >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of New Highs - 6/6/2016  |  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	$19.99	+0.12 0.60%	$20.35	704,167 55.14% of 50 DAV 50 DAV is 1,277,000	$20.98 -4.71%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/13/2016 6:05:20 PM G - Pulled back again on slightly higher but below average volume. Prior highs near $19 define initial support to watch above its 50 DMA line ($18.51). >>> 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	$53.36	+1.88 3.65%	$53.90	87,567 69.50% of 50 DAV 50 DAV is 126,000	$54.15 -1.46%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/15/2016 4:43:19 PM G - Volume was light behind today's rally back above its "max buy" level and its color code is changed to green. Prior highs define near term support in the $50 area, above its 50 DMA line ($49.18). >>> 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
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
NVEE - NASDAQ N V 5 Global Inc Comml Svcs-Consulting	$26.68	-0.27 -1.00%	$27.59	89,581 82.18% of 50 DAV 50 DAV is 109,000	$30.21 -11.68%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/13/2016 6:03:09 PM Y - Ended lower for a third straight session, consolidating near important support defined by its 50 DMA line ($26.90) and a multi-month upward trendline. >>> 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