Stocks finished lower on Monday. The Dow was down 77 points to 18493. The S&P 500 lost 6 points to 2168 and the Nasdaq Composite fell 2 points to 5097. The benchmark S&P 500 Index and the Dow Jones Industrial Average both remain perched at 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 higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 58 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 54 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is perched -2.6% off its record high hit last July.

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

The major averages pulled back from record highs last week as oil prices declined and investors weighed corporate earnings releases. On the data front, manufacturing activity in the Dallas Fed region stabilized in July after contracting the previous two months. In M&A news, Yahoo (YHOO -2.69%) fell after agreeing to sell its core internet operations to Verizon Communications (VZ -0.41%) for $4.8 billion in cash.

Nine of 10 sectors in the S&P 500 finished lower on the session. Energy shares were the worst performers settling down 2% as crude prices declined. In earnings, Roper Technologies (ROP -5.76%) fell after the company lowered its full-year EPS guidance. Kimberly-Clark (KMB -1.52%) fell as the consumer products maker revised its organic growth outlook. Sprint (S +27.71%) rose as the telecommunications company added more wireless subscribers than expected in the quarter. Gilead Sciences (GILD +2.31%) rose ahead of its scheduled release.

Treasuries declined along the curve with the benchmark 10-year note down 2/32 to yield 1.57%. In commodities, NYMEX WTI crude retreated 2.5% to $43.08/barrel. COMEX gold was down 0.5% to $1316.30/ounce. In FOREX, the Dollar Index fell 0.2%.

The Retail Index ($RLX +0.32%) edged higher but the Bank Index ($BKX -0.24%), and Broker/Dealer Index ($XBD -0.43%) both created a drag on the major averages on Monday. The Biotechnology Index ($BTK +0.39%), Semiconductor Index ($SOX +0.55%) and Networking Index ($NWX +0.43%) posted unanimous gains. Meanwhile commodity-linked groups were clearly laggards as the Integrated Oil Index ($XOI -1.96%), Oil Services Index ($OSX -2.52%), and the Gold & Silver Index ($XAU -3.71%) each fell.

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	$273.86	-0.30 -0.11%	$274.16	209,913 27.16% of 50 DAV 50 DAV is 773,000	$276.14 -0.83%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 7/25/2016 5:15:58 PM G - Volume totals still have been cooling while stubbornly holding its ground near all-time highs. Its 50 DMA line ($261.91) defines 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	$201.12	+5.10 2.60%	$201.57	745,565 51.56% of 50 DAV 50 DAV is 1,446,000	$202.70 -0.78%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 7/25/2016 5:14:11 PM G - Rallied with light volume today for a new high close well above 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. >>> 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	$38.95	-0.24 -0.61%	$39.88	92,079 36.11% of 50 DAV 50 DAV is 255,000	$41.76 -6.73%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 7/20/2016 5:50:55 PM Y - Volume totals have been cooling while consolidating after hitting a new high on 7/15/16 as its gain backed by +57% above average volume clinched a 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. >>> 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	$21.81	+0.71 3.36%	$21.86	1,316,029 124.27% of 50 DAV 50 DAV is 1,059,000	$21.50 1.44%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 7/25/2016 5:13:04 PM G - Rallied further above its "max buy" level for another new high. Recent lows and the 200 DMA line in the $16.85 area define important support to watch on pullbacks. >>> 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	$63.88	-0.32 -0.50%	$64.50	161,034 106.65% of 50 DAV 50 DAV is 151,000	$68.13 -6.24%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 7/22/2016 9:05:43 PM G - Extended from any sound base. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($56.54) 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	$60.80	+0.35 0.58%	$60.80	947,644 53.15% of 50 DAV 50 DAV is 1,783,000	$62.17 -2.20%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 7/21/2016 4:26:56 PM Y - Pulled back from all-time highs and ended near the session low with a big loss today on higher (near average) volume. Recently noted with caution as it wedged higher on light volume. >>> 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	$31.91	+0.22 0.69%	$32.16	32,005 25.81% of 50 DAV 50 DAV is 124,000	$32.45 -1.66%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 7/25/2016 5:18:51 PM G - Volume totals have been cooling while holding its ground near all-time highs after an impressive streak of 10 consecutive gains. Its 50 DMA line ($28.17) and recent lows in the $24-25 area define near-term support to watch. >>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$51.42	-0.17 -0.33%	$51.73	39,699 34.22% of 50 DAV 50 DAV is 116,000	$53.58 -4.03%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 7/20/2016 5:45:30 PM Y - Churned above average volume today without making price progress, a sign of distributional pressure. Finished near its prior high and pivot point with a big volume-driven gain on the prior session after highlighted in yellow with pivot point cited based on the 6/01/16 high plus 10 cents - "A volume-driven gain and strong close above the pivot point may help clinch a convincing technical buy signal. Reported earnings +31% on +17% sales revenues for the Jun '16 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's guidelines." See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior Highs - 7/20/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$25.93	+0.19 0.72%	$26.02	586,188 62.83% of 50 DAV 50 DAV is 933,000	$28.72 -9.71%	7/19/2016	$26.42	PP = $28.82
								MB = $30.26
Most Recent Note - 7/25/2016 5:17:38 PM Y - Volume-driven gains for new highs are still needed to trigger a technical buy signal. Completed another Secondary Offering on 6/06/16. Such offerings often hinder upward price progress for the short term, yet they also help to attract more institutional sponsorship. Prior mid-day reports noted - "Reported earnings +82% on +19% sales revenues for the Apr '16 quarter, continuing its strong earnings track record. Completed a Secondary Offering on 2/18/16, and it completed its $16 IPO on 7/16/15." >>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I