Stocks finished modestly lower on Monday. The Dow was down 14 points to 18529. The S&P 500 lost 1 point to 2180 and the Nasdaq Composite fell 7 points to 5213. The benchmark S&P 500 Index, the S&P 400 Mid Cap, and the S&P 600 Small Cap Index each hit new record highs. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange, indicating not a lot of institutional selling pressure. Advancers led decliners by a 4-3 margin on the NYSE but decliners led advancers by an 8-7 margin on the Nasdaq exchange. There were 46 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 51 on the prior session. New 52-week highs expanded and solidly 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 has rebounded near its record high hit last July.

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

The S&P 500 pulled back from Friday’s record close as weakness in the Health Care sector tempered gains in Energy shares. Allergan (AGN -2.18%) fell as the drug maker reported lower-than-expected quarterly profit. Bristol-Myers Squib (BMY -4.71%) fell after being the subject of negative analyst commentary. Energy stocks climbed with crude as Marathon Oil (MRO +2.74%) rose.

Seven of 10 sectors in the S&P 500 finished in negative territory. In earnings, Dean Foods (DF -3.51%) fell after the company’s results fell short of consensus forecast. Sotheby’s (BID +13.04%) rose as second-quarter profit rose 31% driven by a sharp decline in expenses. Tyson Foods (TSN +0.58%) inched higher after the food producer’s revenue beat analyst estimates. On the M&A front, Mattress Firm (MFRM +114.36%) was considerably higher as the company agreed to a $3.8 billion takeover bid from South African retailer Steinhoff International. Wal-Mart (WMT -0.57%) inched lower after agreeing to acquire online retailer Jet.com for $3.3 billion.

Treasuries fluctuated with the benchmark 10-year note up 1/32 to yield 1.58%. In commodities, NYMEX WTI crude climbed 2.5% to $42.83/barrel. COMEX gold was off 0.2% to $1333.40/ounce. In FOREX, the dollar gained 0.6% against the yen.

Financials were little changed as the Bank Index ($BKX +0.0%) and Broker/Dealer Index ($XBD +0.07%) both finished flat on Monday. The Retail Index ($RLX -0.32%) edged lower, and the tech sector wqas led lower by the Biotechnology Index ($BTK -1.21%) while the Semiconductor Index ($SOX -0.17%) and the Networking Index ($NWX -0.11%) both inched lower. Commodity-linked groups rose as the Oil Services Index ($OSX +3.10%) outpaced the Integrated Oil Index ($XOI +0.83%), and the Gold & Silver Index ($XAU +0.70%) also was a 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	$279.04	-1.57 -0.56%	$281.64	628,539 86.34% of 50 DAV 50 DAV is 728,000	$280.75 -0.61%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 8/8/2016 5:40:21 PM G - Touched a new high today but reversed into the red. Volume was below average while recently wedging into new all-time high territory. Its 50 DMA line and prior highs near $268 define important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Gains Lack Great Volume While Wedging to New Highs - 7/27/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
IESC - NASDAQ I E S Holdings Inc Bldg-Maintenance and Svc	$15.09	+0.88 6.19%	$15.50	122,532 134.65% of 50 DAV 50 DAV is 91,000	$16.77 -10.02%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 8/8/2016 12:27:38 PM Y - Gapped up today for a considerable gain. Volume and volatility often increase near earnings news. Reported earnings +79% on +25% sales revenues, continuing its strong earnings track record while sales revenues showed encouraging acceleration. Found support near its 50 DMA line after its slump into the prior base raised concerns. >>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New Highs Clinched Technical Buy Signal - 7/26/2016  |  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	$200.36	-1.23 -0.61%	$203.34	608,426 47.98% of 50 DAV 50 DAV is 1,268,000	$210.27 -4.71%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 8/8/2016 5:44:20 PM G - Volume totals have been cooling while consolidating. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 and its 50 DMA line define important 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	$37.50	+0.02 0.05%	$38.12	149,312 72.13% of 50 DAV 50 DAV is 207,000	$41.76 -10.20%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 8/4/2016 5:01:08 PM Y - Ended near the session low with a loss on average volume, raising concerns while slumping further into its prior base. Its 50 DMA line ($36.29) defines near-term support to watch. Stalled after the 7/15/16 gain backed by +57% above average volume clinched a technical buy signal. >>> 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	$21.90	+0.35 1.62%	$22.11	1,829,731 189.61% of 50 DAV 50 DAV is 965,000	$22.50 -2.67%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 8/8/2016 12:44:02 PM G - Consolidating above its "max buy" level. Its 50 DMA line and prior highs in the $20-21 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Consolidating Near Highs Above its "Max Buy" Level - 7/29/2016  |  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
PATK - NASDAQ Patrick Industries Inc WHOLESALE - Building Materials Wholesale	$62.40	-1.23 -1.93%	$63.76	134,901 89.93% of 50 DAV 50 DAV is 150,000	$69.53 -10.25%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 8/8/2016 5:42:15 PM G - Pulled back today on higher (near average) volume, slumping toward its 50 DMA line ($59.63) defining important near-term support to watch. >>> FEATURED STOCK ARTICLE : Rallied +30% in 2 Months Since Breakout Was Featured - 7/28/2016  |  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	$63.96	+0.21 0.33%	$64.05	1,197,083 63.14% of 50 DAV 50 DAV is 1,896,000	$64.47 -0.79%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 8/8/2016 5:38:56 PM G - Finished at a best-ever close with today's 4th consecutive small gain on below average volume, inching further above its "max buy" level. Rallied for new highs on 7/28/16 with +66% above average volume following strong earnings news. >>> FEATURED STOCK ARTICLE : Perched Above "Max Buy" Level Following Volume-Driven Gain - 8/1/2016  |  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	$33.58	+0.37 1.11%	$34.13	75,605 77.15% of 50 DAV 50 DAV is 98,000	$37.00 -9.24%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 8/5/2016 12:42:56 PM G - Gapped up and hit another new 52-week high today but erased most of the early gains. Reported earnings +23% on +62% sales revenues, below the +25% minimum earnings guideline (C criteria), raising concerns. Its 50 DMA line ($29.30) and prior highs define important near-term support to watch on pullbacks. >>> 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	$51.00	-0.53 -1.03%	$51.77	27,501 26.19% of 50 DAV 50 DAV is 105,000	$53.58 -4.82%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 8/5/2016 5:24:47 PM Y - Rebounded above its 50 DMA line ($50.24) and finished near the session high. A volume-driven gain and strong close above the pivot point are needed to clinch a convincing technical buy signal. It has been quietly consolidating since highlighted in yellow in the 7/19/16 mid-day report with pivot point cited based on the 6/01/16 high plus 10 cents. >>> 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
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$54.78	+0.94 1.75%	$54.88	165,124 72.11% of 50 DAV 50 DAV is 229,000	$55.98 -2.14%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 8/5/2016 4:53:36 PM Y - Finished near the session high with a volume-driven gain after highlighted in yellow in the earlier mid-day report with new pivot point cited based on its 9/14/15 high plus 10 cents. A volume-driven gain above the pivot point is still needed to trigger a technical buy signal. The Dec '15, Mar and Jun '16 quarters showed earnings increases above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Following Rebound - 8/5/2016  |  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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$27.16	+0.27 1.00%	$27.17	465,610 46.19% of 50 DAV 50 DAV is 1,008,000	$28.72 -5.43%	7/19/2016	$26.42	PP = $28.82
								MB = $30.26
Most Recent Note - 8/8/2016 5:47:06 PM Y - Wedging higher with gains lacking great volume conviction after it found prompt support at its 50 DMA line and managed a "positive reversal" when last noted on 8/03/16. Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal. >>> 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