Sounds like you may be riding the slide, shoot the pistol after you have cleaned and lubricated it and your magazines too, as per your instruction booklet and you should be fine. Not to sound like a smart a-- but what you are calling a clip is correctly called a magazine, a clip is a completely different animal.....

As chessail indicated, clean it before proceeding any further then fire a few rounds downrange before declaring it broken. A new gun may act up once or twice in the first few rounds but at least give it a chance.
If the problem continues give S&W a call they will advise you and or fix it at no cost to you.

Thanks gentlement for the advise. And did as you said and the gun works great. Please see my review I will be posting here in minute. Thanks again.