For the week, the Dow was down 0.8%, the S&P lost 0.7%, and the Nasdaq fell 0.4%. Stocks finished mostly lower on Friday. The Dow was down 53 points to 18395. The S&P 500 lost 3 points to 2169 and the Nasdaq Composite gained 6 points to 5218. Behind the losses the volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, again hinting that institutional selling pressure picked up its pace. Decliners led advancers by 3-2 on the NYSE and by 8-7 on the Nasdaq exchange. Leadership improved as there were 52 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 29 on the prior session. New 52-week highs totals 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 is consolidating near its record high after briefly trading above its 2015 peak.

The "confirmed uptrend" for the market (M criteria) has recently encountered some distributional pressure.  See the Featured Stocks Page which now lists a few noteworthy candidates that have made headway.

The Nasdaq snapped its eight-week win streak on Friday as investors digested comments from Fed Chair Janet Yellen and Vice Chairman Stanley Fischer. Yellen signaled an optimistic approach to interest rate increases as she stated the case for rate hikes has strengthened in recent months. Equities moved lower after Fischer said Yellen’s comments were consistent with a possible September interest rate increase. On the data front, second-quarter GDP was revised down to 1.1% annualized rate from the initial 1.2% reading.

Seven of 10 sectors in the S&P 500 finished in negative territory. Utilities were the worst performers retreating over 2% on the session. In earnings, Brocade (BRCD -11.66%) fell after reported weaker-than-expected IP Ethernet revenue. Herbalife (HLF -2.31%) fell with news Carl Icahn may sell his 18% stake in the company. Shares of Splunk (SPLK -10.11%) fell after being the subject of negative analyst commentary. Autodesk (ADSK +8.12%) rose as the software supplier raised its yearly guidance.

Treasuries declined sharply after Fischer’s comments. The benchmark 10-year note finished 12/32 lower to yield 1.61%. In commodities, NYMEX WTI crude was little changed at $47.35/barrel. COMEX gold added 0.1% to $1321.50/ounce. In FOREX, the Dollar Index surged 0.7%.

The Retail Index ($RLX -0.15%) edged lower while the Broker/Dealer Index ($XBD +0.74%) and Bank Index ($BKX +0.73%) both posted modest gains on Friday. The Gold & Silver Index ($XAU -0.78%) and energy-linked groups were weak as the Oil Services Index ($OSX -0.86%) and the Integrated Oil Index ($XOI -0.21%) both finished lower.  The Biotechnology Index ($BTK +0.91%) led the tech sector while the Semiconductor Index ($SOX +0.49%) posted a smaller gain but the Networking Index ($NWX -1.07%) 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	$284.72	+0.30 0.11%	$286.82	131,523 32.32% of 50 DAV 50 DAV is 407,000	$289.67 -1.71%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 8/22/2016 5:34:02 PM G - Volume has been drying up while hovering in a tight range near all-time highs. 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	$16.16	+0.21 1.32%	$16.36	60,760 64.64% of 50 DAV 50 DAV is 94,000	$16.77 -3.64%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 8/23/2016 5:10:16 PM Y - Finished near the session high with today's gain backed by below average volume. Found support above its 50 DMA line ($14.05), and the recent low (13.50 on 8/02/16) defines important near-term support. >>> 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	$217.71	+9.22 4.42%	$218.77	1,288,950 116.12% of 50 DAV 50 DAV is 1,110,000	$217.37 0.16%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 8/26/2016 5:42:57 PM G - Hit a new all-time high and finished strong with today's gain on near average volume, getting more extended from any sound base. Its 50 DMA line ($195) and prior highs near $186 define support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back on Higher Volume Following Earnings Report - 8/18/2016  |  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	$44.69	-0.33 -0.73%	$45.20	139,549 61.75% of 50 DAV 50 DAV is 226,000	$46.57 -4.04%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 8/24/2016 12:24:02 PM G - Poised for a best ever close with today's gain backed by above average volume. Extended from any sound base after rallying well above its "max buy" level. Recently hitting new highs with considerable volume-driven gains indicative of fresh institutional buying demand. >>> FEATURED STOCK ARTICLE : Volume-Driven Gains for New Highs Signal Institutional Demand - 8/17/2016  |  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	$18.92	+0.41 2.22%	$18.97	1,297,786 93.91% of 50 DAV 50 DAV is 1,382,000	$22.50 -15.91%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 8/26/2016 5:49:32 PM G - A rebound above the 50 DMA line ($19.55) is needed for its outlook to improve. Its 200 DMA line and prior lows in the $17 area define the next important support level where violations would raise serious concerns. >>> 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	$63.25	-1.11 -1.72%	$64.47	148,214 66.76% of 50 DAV 50 DAV is 222,000	$69.53 -9.03%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 8/26/2016 5:51:56 PM G - Quietly consolidating above the 50 DMA line and latest low ($59.51 on 8/16/16) where subsequent violations would raise concerns and trigger technical sell signals. >>> 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	$63.40	-0.12 -0.19%	$63.92	617,070 30.94% of 50 DAV 50 DAV is 1,994,600	$64.47 -1.66%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 8/26/2016 5:45:46 PM G - Volume totals have been cooling while stubbornly holding its ground in a tight range near its 52-week high. Prior highs and its 50 DMA line define near-term support in the $60-61 area. >>> 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	$31.80	-0.27 -0.84%	$32.40	39,727 44.64% of 50 DAV 50 DAV is 89,000	$37.00 -14.05%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 8/24/2016 12:33:40 PM G - Rebounded from the session's early lows after testing its 50 DMA line ($30.83). The 50 DMA line and prior highs in the $30 define important near-term support. More damaging losses would raise concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Technically Strong Despite Fundamental Concerns - 8/22/2016  |  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	$52.21	+0.23 0.44%	$52.72	85,589 92.03% of 50 DAV 50 DAV is 93,000	$53.58 -2.56%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 8/25/2016 5:04:41 PM Y - Quietly consolidating within close striking distance of its 52-week high. Members were previously reminded - "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." See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Consolidating Within Close Striking Distance of New Highs - 8/25/2016  |  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	$57.51	-0.16 -0.28%	$57.91	121,753 54.11% of 50 DAV 50 DAV is 225,000	$58.78 -2.16%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 8/23/2016 5:11:33 PM Y - Posted a gain with higher volume today and challenged its 52-week high. Stalled after its 8/09/16 volume-driven gain triggered a technical buy signal. >>> 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	$26.42	-0.28 -1.05%	$26.98	504,095 78.40% of 50 DAV 50 DAV is 643,000	$28.72 -8.01%	7/19/2016	$26.42	PP = $28.82
								MB = $30.26
Most Recent Note - 8/25/2016 5:06:35 PM Y - Gapped down and finished near the session low today with a large loss on higher volume indicative of distributional pressure. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." See the latest FSU analysis for additional details and an annotated graph. >>> FEATURED STOCK ARTICLE : Near High Awaiting Volume-Driven Gain to Trigger Technical Buy Signal - 8/24/2016  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I