For the week, the Dow declined 1.1%, the S&P 500 fell 1.2% and the Nasdaq Composite dropped 1.9%. Stocks finished lower on Friday. The Dow was down 58 points to 17675. The S&P 500 lost 6 points to 2071. The Nasdaq Composite fell 44 points to 4800. The volume totals were higher on the NYSE and on the Nasdaq exchange versus the prior session, inflated by options expirations. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 16 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 12 on the prior session. New 52-highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index suffered a loss on higher volume while sinking further below its 50-day moving average (DMA) line.

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 S&P 500 declined for a second straight week as investors digested international uncertainty on the U.K. “Brexit” referendum. According to Bloomberg data, odds makers are now assigning a 36% chance that the U.K. votes to leave the European Union, 6% below the odds on Thursday. On the data front, housing starts declined 0.3% in May after jumping by 6.6% in April. Building permits ticked up 0.7% after a 3.6% gain in the prior month.

Five of 10 sectors in the S&P 500 finished in negative territory. Health Care and Technology were the worst performing groups while Energy shares advanced. In Tech, shares of Alphabet (GOOG -2.62%) fell. Apple (AAPL -2.28%) fell with news Chinese regulators banned the company’s iPhone 6 models in Beijing. On the M&A front, Elizabeth Arden (RDEN +49.09%) rose after agreeing to a $870 million takeover offer from cosmetics leader Revlon (REV +6.74%).

Treasuries declined with the benchmark 10-year note down 9/32 to yield 1.61%. In commodities, NYMEX WTI crude rebounded 4% to $48.04/barrel. COMEX gold was off 0.3% to $1292.50/ounce. In FOREX, the dollar fell against the pound and euro.

The Retail Index ($RLX -0.41%) fell as the Broker/Dealer Index ($XBD +0.10%) and the Bank Index ($BKX +0.47%) edged higher on Friday. The Biotechnology Index ($BTK -1.95%) outpaced the Semiconductor Index ($SOX -0.82%) and the Networking Index ($NWX -0.37%) as each ended lower. The Gold & Silver Index ($XAU +0.53%) edged higher and the Oil Services Index ($OSX +2.64%) and Integrated Oil Index ($XOI +1.03%) rose as energy-linked stocks were standout gainers.

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	$259.46	+0.02 0.01%	$259.73	761,274 90.95% of 50 DAV 50 DAV is 837,000	$268.00 -3.19%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/16/2016 12:36:49 PM Y - Color code is changed to yellow after quietly retreating below its "max buy" level. 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	$14.74	-0.21 -1.40%	$15.02	343,637 209.79% of 50 DAV 50 DAV is 163,800	$16.59 -11.15%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 6/17/2016 4:45:19 PM Slumping below its 200 DMA line ($15.00) and prior lows with volume-driven losses raising greater concerns. It will be dropped from the Featured Stocks list tonight. 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	$13.29	-0.73 -5.21%	$14.00	65,483 112.90% of 50 DAV 50 DAV is 58,000	$15.64 -15.03%	6/6/2016	$15.19	PP = $15.74
								MB = $16.53
Most Recent Note - 6/17/2016 4:46:46 PM G - Slumped below its 50 DMA line ($13.89) enduring distributional pressure. Only a prompt rebound would help its outlook improve. 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	$19.24	-0.47 -2.38%	$19.80	918,595 72.39% of 50 DAV 50 DAV is 1,269,000	$20.98 -8.29%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/16/2016 12:27:41 PM Y - Pulling back below its "max buy" level and its color code is changed to yellow. Prior highs near $19 define initial support to watch above its 50 DMA line ($18.59). >>> 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	$53.96	-0.32 -0.59%	$54.49	128,405 100.32% of 50 DAV 50 DAV is 128,000	$55.94 -3.54%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/16/2016 5:03:50 PM G - Hit a new 52-week high with today's volume-driven gain. Prior highs define near term support in the $50 area, above its 50 DMA line ($49.33). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Base After Another Volume-Driven Gain - 6/16/2016  |  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	$27.42	+0.69 2.58%	$27.49	70,170 63.79% of 50 DAV 50 DAV is 110,000	$30.21 -9.24%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/17/2016 4:49:40 PM Y - Color code is changed to yellow after a prompt rebound above the 50 DMA line ($26.98) helped its outlook improve. Recent lows define the next important support to watch. >>> 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