Stocks finished mildly higher on Friday. The Dow was up 19 points to 17949. The S&P 500 gained 4 points to 2102 and the Nasdaq Composite added 19 points to 4862. Behind the gains the volume totals were much lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly a 2-1 margin on the NYSE and more than 3-2 on the Nasdaq exchange. Leadership improved as there were 91 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 66 on the prior session. New 52-week highs more solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average found prompt support near its 200-day moving average (DMA) line and rebounded near prior resistance. 

The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index have unanimously rebounded above their 50-day moving average (DMA) lines following recent damaging losses on much heavy volume. The weak market (M criteria) action was labeled a "correction" in prior commentaries. With that in mind, investors would be wise to watch for further improvements and wait for a considerable follow-through day from at least one of the major averages as a reassurance that a new confirmed uptrend has begun. On the Featured Stocks Page a few noteworthy candidates remain, however in recent weeks few have made meaningful headway.

The S&P 500 capped off its best week of 2016 amid a flurry of updates on the economy. On the data front, the ISM’s survey of U.S. manufacturing expanded at a faster pace to 53.2 in June, the highest reading since February 2015. In a separate release, Markit’s US manufacturing survey yielded a 51.3 reading. Finally, the Commerce Department reported construction spending fell 0.8% in May.

Seven of 10 sectors in the S&P 500 advanced on the session. Consumer Discretionary shares outperformed while Financials declined. Netflix (NFLX +5.67%) rose after receiving positive analyst commentary. Harley Davidson (HOG +19.76%) revved higher amid takeover speculation. In M&A news, Thor Industries (THO +6.86%) rose after acquiring recreational vehicle company Jayco for $576 million in cash. Micron (MU -9.16%) was a notable decliner as the chipmaker reported a wider-than-expected quarterly loss.

Treasuries finished higher along the curve with the benchmark 10-year note up 7/32 to yield 1.44%. In commodities, NYMEX WTI crude added 1.6% to $49.12/barrel. COMEX gold gained 1.8% to $1344.60/ounce. In FOREX, the Dollar Index was down 0.5%.

Financial shares were lower on Friday as the Broker/Dealer Index ($XBD -0.44%) edged lower and the Bank Index ($BKX -1.01%) also slumped, limiting the major averages' advance. The Retail Index ($RLX +1.16%) was higher. The Biotechnology Index ($BTK +2.57%) was a standout in the tech sector while the Networking Index ($NWX -0.217%) and the Semiconductor Index ($SOX -0.96%) both lost ground. Commodity-linked shares had a positive bias as the Oil Services Index ($OSX +2.19%) and the Integrated Oil Index ($XOI +0.86%) both rose.

Charts courtesy www.stockcharts.com

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	$262.72	-0.97 -0.37%	$266.38	480,686 55.57% of 50 DAV 50 DAV is 865,000	$268.00 -1.97%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 7/1/2016 4:39:21 PM G - Recent lows and its 50 DMA line ($250.42) define near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Near Highs After Finding Support Above 50-Day Moving Average Line - 7/1/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$184.57	-8.65 -4.48%	$193.44	2,119,370 156.53% of 50 DAV 50 DAV is 1,354,000	$193.27 -4.50%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 7/1/2016 4:44:44 PM Y - Reversed into the red after touching a new 52-week high today, ending near the session low with a loss on above average volume. Triggered a technical buy signal on the prior session after highlighted in yellow with pivot point cited based on its 12/29/15 high plus 10 cents in the 6/29/16 mid-day report (read here). Reported earnings +79% on +108% sales revenues for the Mar '16 quarter, marking its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Rallying Within Striking Distance of Highs - 6/29/2016  |  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	$17.84	-0.14 -0.78%	$18.20	950,092 84.08% of 50 DAV 50 DAV is 1,130,000	$20.98 -14.96%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/30/2016 5:33:54 PM G - Remains below its 50 DMA line following a gain today on lighter volume after big volume-driven losses. 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	$61.50	+1.21 2.01%	$62.18	92,183 62.71% of 50 DAV 50 DAV is 147,000	$60.31 1.97%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/30/2016 5:36:53 PM G - Finished near the session high with additional volume-driven gains for another new 52-week high, getting more extended from any sound base. Its 50 DMA line ($51.33) defines near-term support to watch on pullbacks. >>> 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	$58.10	+0.13 0.22%	$58.42	1,448,649 82.36% of 50 DAV 50 DAV is 1,759,000	$59.98 -3.13%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 6/30/2016 5:44:58 PM Y - Rebounded above the 50 DMA line ($57.06) helping its outlook to improve and its color code is changed to yellow. 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
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	$26.66	-1.78 -6.26%	$28.65	129,822 107.29% of 50 DAV 50 DAV is 121,000	$30.21 -11.75%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 7/1/2016 4:45:49 PM G - Color code is changed to green after slumping back below its 50 DMA line. Faces a little resistance due to overhead supply. Recent lows in the $24 area define the next important support to watch. >>> FEATURED STOCK ARTICLE : Perched Near Highs After Rebound Above 50-Day Average - 6/30/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I