For the week, the Dow climbed 2%, the S&P 500 gained 1.5% and the Nasdaq Composite added 1.5%. Stocks finished mostly lower on Friday. The Dow was up 9 points to 18516. The S&P 500 lost 2 points to 2161 and the Nasdaq Composite fell 4 points to 5029. The benchmark S&P 500 Index and the Dow Jones Industrial Average both hit new record highs. Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria).  Volume totals were mixed, slightly higher than the prior session on the NYSE but lower on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the NYSE and on the Nasdaq exchange. There were 30 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 58 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The 2-year graph of the S&P 600 Small Cap Index shows that it touched a new record high. Volume totals have been light behind the recent gains, however, not indicative of overwhelming institutional buying demand.  

See the Featured Stocks Page which now lists a few noteworthy candidates that have made headway.

The S&P 500 snapped a five-day winning streak as a decline in Consumer Discretionary shares tempered positive earnings releases. In economic news, a gauge of inflation showed that consumer prices ticked up 0.2% in June, for its fourth-straight monthly increase. A separate release revealed retail sales rose 0.6% last month. Finally, a University of Michigan preliminary report on consumer sentiment came in at 89.5, below last month’s reading of 93.5.

Six of 10 sectors in the S&P 500 declined on the session. CBS Corp. (CBS -3.61%) weighed down performance in the consumer space. Amazon.com (AMZN -0.78%) fell for a fourth straight day. In earnings, Citigroup (C -0.27%) edged lower despite beating estimates on the top and bottom line. US Bancorp (USB +1.55%) rose as gains in commercial and credit-card loans helped drive revenue. Herbalife (HLF +9.92%) with news the company announced its settlement with federal regulators.

Treasuries finished lower with the benchmark 10-year note down 16/32 to yield 1.59%. In commodities, NYMEX WTI crude gained 0.6% to $45.95/barrel. COMEX gold fell 0.4% to $1326.60/ounce. In FOREX, the Dollar Index advanced 0.5%.

The Broker/Dealer Index ($XBD +0.41%) edged higher while the Bank Index ($BKX -0.06%) finished flat and the Retail Index ($RLX -0.52%) fell modestly. The Integrated Oil Index ($XOI -0.54%) edged lower and the the Oil Services Index ($OSX -0.01%) was unchanged. The Biotechnology Index ($BTK +1.00%) and the Networking Index ($NWX +0.55%) while Semiconductor Index ($SOX -0.08%) was flat. 

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	$271.45	-1.29 -0.47%	$273.34	343,236 39.96% of 50 DAV 50 DAV is 859,000	$273.60 -0.79%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 7/12/2016 4:21:45 PM G - Touched a new high with below average volume behind today's small gain. Recent lows and its 50 DMA line ($254.81) define important near-term support to watch on pullbacks. >>> 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	$195.21	-0.29 -0.15%	$199.78	809,437 55.14% of 50 DAV 50 DAV is 1,468,000	$202.70 -3.70%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 7/15/2016 6:09:25 PM Y - Perched near its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched +5% Above Prior Highs Following Volume-Driven Gains - 7/15/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$40.38	+1.61 4.15%	$41.76	401,367 163.16% of 50 DAV 50 DAV is 246,000	$40.00 0.95%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 7/15/2016 12:43:22 PM Y - Hit a new high today. Gains for new highs and a strong close backed by at least +40% above average volume may help clinch a convincing technical buy signal. Reported earnings increases more than +25% (C criteria) in the past 3 quarterly comparisons through Mar '16. Annual earnings (A criteria) have improved after a downturn in FY '11. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016  |  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	$20.53	-0.08 -0.39%	$20.66	468,835 40.91% of 50 DAV 50 DAV is 1,146,000	$20.98 -2.14%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 7/12/2016 4:20:33 PM G - Challenging its 52-week high. Color code was changed to green after rising back above its "max buy" level. Recent lows and the 200 DMA line define important support to watch. >>> FEATURED STOCK ARTICLE : Slump Into Prior Base and Below 50-Day Moving Average Raised Concerns - 7/5/2016  |  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	$65.00	-0.03 -0.05%	$65.74	89,377 58.80% of 50 DAV 50 DAV is 152,000	$68.13 -4.59%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 7/13/2016 5:07:01 PM G - There was a "negative reversal" today after getting very extended from any sound base following an impressive spurt of gains. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($53.92) defines near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 7/6/2016  |  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
FBHS - NYSE Fortune Brands Hme & Sec Bldg-Constr Prds/Misc	$61.29	-0.04 -0.07%	$61.87	1,054,072 59.75% of 50 DAV 50 DAV is 1,764,000	$62.17 -1.42%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 7/15/2016 6:12:05 PM Y - Quietly hovering at its high following gains lacking above average volume. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016  |  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	$31.78	+0.78 2.52%	$31.91	189,003 153.66% of 50 DAV 50 DAV is 123,000	$31.57 0.67%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 7/15/2016 6:10:57 PM G - Finished strong and at a new all-time high with above average volume while adding to an impressive streak of gains. Its 50 DMA line and recent lows in the $24-25 area define near-term 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