Stocks finished firmly higher on Tuesday. The Dow was up 269 points to 17409. The S&P 500 added 35 points to 2036 and the Nasdaq Composite gained 97 points to 4,691. Volume totals were lighter on the NYSE and on the Nasdaq exchange, revealing a lack of serious institutional buying demand as the indices rebounded from a high-volume downdraft. Advancers led decliners by nearly a 6-1 margin on the NYSE and more than 4-1 on the Nasdaq exchange. There were 28 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 19 on the prior session. New 52-week 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 Dow Jones Industrial Average rebounded above its 200-day moving average (DMA) lines with a gain on lighter volume following big losses on heavy volume.

The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index have unanimously violated their 50-day and 200-day moving average (DMA) lines with large losses. The technical damage signals that the prior market (M criteria) uptrend has ended and the market is in a correction. On the Featured Stocks Page a few noteworthy candidates remain, however in recent weeks few have made meaningful headway.

The major averages snapped a two-day losing streak as crude rallied and European markets rebounded after a “Brexit” sell-off. The broad Euro STOXX 600 climbed 2.5% as gains in the Telecom sector boosted the index. Investors now await word on the two-day meeting between European Union leaders to discuss the U.K.’s decision to leave the trade group. On the data front, first-quarter GDP was revised up to 1.1%, from 0.8% reported previously. In a separate release, consumer sentiment rose to 98.0 in June, the highest reading since October.

All 10 sectors in the S&P 500 finished higher as Energy shares and Financials paced the gains. Carnival (CCL +0.21%) inched higher after beating expectations on the top and bottom line. Nike (NKE +2.31%) rose ahead of its scheduled release after the closing bell. Lending Club (LC +7.21%) rallied with news the company announced a new CEO. DuPont (DD -2.08%) was a notable decliner.

Treasuries declined with the benchmark 10-year note down 6/32 to yield 1.46%. In commodities, NYMEX WTI crude jumped 3.4% to $47.88/barrel. COMEX gold was off 0.5% to $1315.30/ounce. In FOREX, the British pound gained against the dollar.

The Broker/Dealer Index ($XBD +1.73%) and the Bank Index ($BKX +3.09%) both posted gains which helped underpin the major averages on Tuesday. The Retail Index ($RLX +1.94%) rose. The Biotechnology Index ($BTK +4.42%), Networking Index ($NWX +1.72%) and Semiconductor Index ($SOX +2.69%) posted unanimous gains. Energy-related shares also had a positive bias as the Oil Services Index ($OSX +2.19%) and the Integrated Oil Index ($XOI +2.98%) both rose. The Gold & Silver Index ($XAU -0.84%) ended lower. 

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	$257.13	+5.27 2.09%	$257.52	429,613 49.15% of 50 DAV 50 DAV is 874,000	$268.00 -4.06%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/27/2016 5:21:12 PM Y - Color code is changed to yellow after retreating below its "max buy" level with a loss on light volume. Slumped toward its 50 DMA line ($247.73) defining near-term support above prior highs ($244). More damaging losses would raise concerns. >>> 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	$17.51	+0.48 2.82%	$17.94	1,807,787 145.55% of 50 DAV 50 DAV is 1,242,000	$20.98 -16.53%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/27/2016 5:17:22 PM G - Sank further below its 50 DMA line with another big volume-driven loss. The 200 DMA line and prior lows in the $15-16 area define the next important support area. >>> 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	$57.63	+1.24 2.20%	$58.82	223,302 158.37% of 50 DAV 50 DAV is 141,000	$58.31 -1.17%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/28/2016 12:40:28 PM G - Endured recent distributional pressure yet hit another new high today, getting more extended from any sound base. Prior highs define near term support in the $50 area along with its 50 DMA line ($50.86). >>> 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	$56.15	+1.04 1.89%	$56.31	1,863,270 106.66% of 50 DAV 50 DAV is 1,746,900	$59.98 -6.39%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 6/28/2016 5:44:55 PM G - Posted a gain with average volume today following consecutive volume-driven losses violating its 50 DMA line which is now downward sloping. A rebound above the 50 DMA line ($57.06) is needed for its outlook to improve. 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." >>> 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	$26.18	+0.51 1.99%	$26.51	45,222 37.07% of 50 DAV 50 DAV is 122,000	$30.21 -13.34%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/27/2016 5:15:21 PM G - Slumped below its 50 DMA line raising concerns. Recent lows in the $24 area 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