For the week, the Dow and S&P 500 lost 1.6% and the Nasdaq declined 1.9%. Stocks sold-off by the most since January on Friday. The Dow was down 611 points to 17399. The S&P 500 tumbled 76 points to 2037 and the Nasdaq Composite dropped 202 points to 4707. The volume totals were much higher on the NYSE and on the Nasdaq exchange amid international volatility and the annual Russell rebalance. Decliners led advancers by a 5-1 margin on the NYSE and 6-1 on the Nasdaq exchange. Leadership contracted as there were 22 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 56 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 violated its 50-day moving average line with Friday's big loss on heavy volume nearly testing recent lows.

The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index all violated their 50-day moving average (DMA) lines with large losses, raising concerns as the market's uptrend (M criteria) clearly encountered heavy pressure. When leadership recently improved some new stocks were added to the Featured Stocks Page as noteworthy buy candidates, however few have made meaningful headway.

The major averages retreated along with risk assets around the global while perceived “safe havens” from Treasuries to gold advanced after the U.K. voted to leave the European Union. Overseas, the Stoxx Europe 600 declined 8.6% for its worst session since the financial crises. The U.K.’s FTSE actually outperformed its continental peers, sliding only 2.8%.

Nine of 10 sectors in the S&P 500 finished the session in negative territory. Financials were the worst performing group, shedding more than 5%. Citigroup (C -9.4%) and Morgan Stanley (MS -10.2%) both tumbled. Industrials and Technology also paced the market’s descent while Utilities outperformed.

Treasuries rallied as investors sought perceived safety in U.S. government debt. The 10-year surged a point and 18/32 to yield 1.57%. In commodities, NYMEX WTI crude tumbled 4.8% to $47.69/barrel. COMEX gold jumped 4.7% to $1320.00/ounce. In FOREX, the British pound slid 8.2% for its worst performance against the dollar on record while the yen strengthened 3.6%. Overall, the U.S. Dollar Index added 2%.

The Broker/Dealer Index ($XBD -7.89%) and the Bank Index ($BKX -7.30%) both weighed heavily on the major averages on Friday. The Retail Index ($RLX -2.82%) fell. The Biotechnology Index ($BTK -5.07%), Networking Index ($NWX -5.63%) and Semiconductor Index ($SOX -5.76%) posted unanimous losses of greater than -5%. Energy-related shares also had a negative bias as the Oil Services Index ($OSX -5.06%) and the Integrated Oil Index ($XOI -4.58%) both sank. The Gold & Silver Index ($XAU +3.62%) clearly 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	$257.65	-7.70 -2.90%	$264.26	944,392 110.58% of 50 DAV 50 DAV is 854,000	$268.00 -3.86%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/24/2016 6:05:41 PM G - Slumped today with higher (near average) volume and ended near its "max buy" level and recent lows. 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
MXL - NYSE Maxlinear Inc Cl A Telecom-Infrastructure	$18.09	-1.31 -6.75%	$18.77	1,934,469 159.48% of 50 DAV 50 DAV is 1,213,000	$20.98 -13.77%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/24/2016 2:28:09 PM G - Gapped down today violating its 50 DMA line ($18.71) raising concerns and triggering a technical sell signal. Color code is change to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> 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	$56.56	-1.56 -2.68%	$57.02	392,450 295.08% of 50 DAV 50 DAV is 133,000	$58.31 -3.00%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/24/2016 6:11:24 PM G - Endured distributional pressure today. After getting extended from any sound base, prior highs define near term support in the $50 area along with its 50 DMA line ($50.47). >>> 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
FBHS - NYSE Fortune Brands Hme & Sec Bldg-Constr Prds/Misc	$55.74	-1.10 -1.94%	$56.79	4,567,855 277.45% of 50 DAV 50 DAV is 1,646,400	$59.98 -7.07%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 6/24/2016 6:13:33 PM G - Suffered a third consecutive volume-driven loss today. Color code is changed to green after slumping below its 50 DMA line and testing prior lows. After highlighted in yellow with pivot point based on its 4/21/16 high plus 10 cents members were reminded - "It needs subsequent volume-driven gains above the pivot point to trigger a technical buy signal. Strong earnings increases through the Mar '16 quarter helped it better match with the fact-based investment system's fundamental guidelines. See the latest FSU analysis for more details and a new annotated graph." >>> FEATURED STOCK ARTICLE : Wait Continues for Technical Breakout - 6/22/2016  |  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	$27.07	-0.72 -2.59%	$27.09	329,905 289.39% of 50 DAV 50 DAV is 114,000	$30.21 -10.39%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/24/2016 6:09:31 PM G - Sputtering near its 50 DMA line ($27.07). 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
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