For the week, the Dow Jones Industrial Average was down -1.8%, the S&P 500 Index lost almost -2.1% and the Nasdaq Composite Index fell -1.9%. The indices ended Friday's trading session mixed, with the Dow Jones Industrial Average and S&P 500 Index managing positive reversals - trying to halt their slide after damaging losses violated their recent lows and also their respective 50-day moving average (DMA) lines. Friday's volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 7-5 margin on the Nasdaq exchange while the the totals were nearly even on the NYSE. There were 9 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the prior session total of 3 stocks, but a far cry from the total of 72 on Tuesday. Stocks hitting new 52-lows again outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange, whereas new highs had consistently trounced new lows on both exchanges in recent months. There were only 3 gains among the 11 high-ranked companies currently included on the Featured Stocks Page.

Stocks toggled between gains and losses throughout the session as investors continued to digest Fed Chairman Bernanke's comments from earlier in the week. Seven of the 10 sectors on the S&P finished higher led by gains in consumer stocks as Procter & Gamble (PG +2.90%) led the space. On the earnings front, Oracle Corp (ORCL -9.26%) fell following a weaker-than-expected profit tally. Darden Restaurants (DRI -2.17%) was also lower after the company posted earnings that missed analysts' estimates.

Turning to fixed income markets, Treasuries were lower along the curve. The benchmark 10-year note was off nearly a full point to yield 2.54% and the 30-year bond gave up over a full point to yield 3.59%.

The market (M criteria) weakness has been noted as a "correction" and this commentary has repeatedly reminded members - "Be protective of any gains, and limit losses!  Be especially watchful for any individual issues flashing technical sell signals.  It is vitally important to your success with the fact-based investment system to reduce exposure and preserve cash during market downdrafts."

There is a need for caution until a follow-through day of meaningful gains from at least one of the major averages on higher volume coupled with an expansion in leadership (stocks hitting new 52-week highs). Watch upcoming CANSLIM.net reports and especially the bold portion for us to observe any noteworthy shifts in the market direction (M criteria). 

Individual leaders best matching the winning models of the fact-based investment system are on the Featured Stocks Page - with our Certified experts' latest notes and links to additional resources including detailed analysis with annotated graphs.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The S&P 500 Index violated its 50-day moving average (DMA) line and prior lows on the prior session, yet managed a "positive reversal" for a gain on heavier volume to end the week on an encouraging note.

Defensive groups were the leading gainers on Friday as the Healthcare Index ($HMO +1.03%) and the Gold & Silver Index ($XAU +1.33%) bounced. The Retail Index ($RLX +0.02%) finished flat and the Broker/Dealer Index ($XBD +0.15%) and Bank Index ($BKX +0.28%) eked out small gains. The Semiconductor Index ($SOX +0.25%) and the Biotechnology Index ($BTK +0.57%) posted modest gains while the Internet Index ($IIX -0.21%) and the Networking Index ($NWX -0.09%) edged lower. Energy-related shares were quiet as the Oil Services Index ($OSX -0.06%) and Integrated Oil Index ($XOI +0.03%) finished virtually unchanged.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +0.28%) is consolidating near recent lows and above its 50-day moving average (DMA) line.

EQM was last shown in this FSU section on 6/06/13 with an annotated graph under the headline, "Retreating Toward 10-Week Moving Average", after 4 consecutive losses and clear signs of distributional pressure. Based on the prior analysis a valid secondary buy point arguably exists from its successful test of support at the 10 WMA line, up to as much as +5% above the latest high ($51.72 X 1.05 = $54.31). However, all new buying efforts are off since the major averages fell into an ugly correction, since 3 out of 4 stocks follow the direction of the major averages (M criteria). 

This MLP in the Natural Gas business reported strong results for the Mar '13 quarter, and quarterly earnings increases above the +25% minimum guideline (C criteria). Accelerating sales revenues increases are very reassuring, as its sales revenues increased by +18%, +26%, +38%, and +43% in the Jun, Sep, Dec '12 and Mar '13 quarters versus the year-ago periods, respectively. The number of top-rated funds owning its shares rose from 20 in Jun '12 to 38 in Mar '13, a reassuring sign concerning the I criteria.

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
AL - NYSE Air Lease Corp Cl A DIVERSIFIED SERVICES - Rental and Leasing Services	$26.45	-0.54 -2.00%	$27.18	728,900 131.78% of 50 DAV 50 DAV is 553,100	$31.00 -14.68%	5/9/2013	$30.95	PP = $29.38
								MB = $30.85
Most Recent Note - 6/21/2013 4:14:04 PM Slumped further below its 50 DMA line with a loss on average volume. A rebound above its 50 DMA line is needed for its technical stance and outlook to improve. Completed a Secondary Offering on 5/31/13. The prior low ($25.47 on 4/25/13) defines near term support above its 200 DMA line. Due to weak action it will be dropped from the Featured Stocks list. >>> The latest Featured Stock Update with an annotated graph appeared on 6/17/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$17.07	+0.14 0.83%	$17.33	1,161,249 109.22% of 50 DAV 50 DAV is 1,063,200	$18.58 -8.13%	5/6/2013	$15.31	PP = $16.10
								MB = $16.91
Most Recent Note - 6/20/2013 5:22:02 PM G - Retreated from its 52-week high with a 2nd loss on above average volume in the span of 3 sessions. Recent lows and its 50 DMA line ($15.11 now) define important chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$49.87	-0.63 -1.25%	$50.46	604,049 480.55% of 50 DAV 50 DAV is 125,700	$51.72 -3.58%	4/25/2013	$40.16	PP = $40.84
								MB = $42.88
Most Recent Note - 6/21/2013 4:56:24 PM G - Encountered distributional pressure and ended with a loss with above average volume after challenging its 52-week high this week. Recent low and its 50 DMA line define important near-term support in the $45 area. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$83.80	-0.14 -0.17%	$84.54	2,778,458 326.53% of 50 DAV 50 DAV is 850,900	$89.75 -6.63%	5/29/2013	$86.02	PP = $85.66
								MB = $89.94
Most Recent Note - 6/20/2013 7:52:37 PM Y- Fell with above average volume today, slumping below its pivot point and toward its 50 DMA line ($81.64) defining important near-term chart support. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/18/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$31.32	-0.31 -0.98%	$32.25	428,079 110.44% of 50 DAV 50 DAV is 387,600	$34.07 -8.07%	6/19/2013	$31.47	PP = $34.17
								MB = $35.88
Most Recent Note - 6/19/2013 8:23:07 PM Y - Color code is changed to yellow with a new pivot point cited based on its 5/22/13 high plus 10 cents. Subsequent volume driven gains above its pivot point may trigger a new technical buy signal. Consolidating above its 50 DMA line and well above additional support at prior highs in the $27 area. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/19/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
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
MRLN - NASDAQ Marlin Business Services DIVERSIFIED SERVICES - Rental and Leasing Services	$21.32	-0.65 -2.96%	$22.12	97,198 393.51% of 50 DAV 50 DAV is 24,700	$25.97 -17.91%	3/15/2013	$22.29	PP = $23.18
								MB = $24.34
Most Recent Note - 6/21/2013 4:10:34 PM Slumped under its recent low ($21.49 on 5/23/13) today raising concerns. Tested its 200 DMA line ($20.80) which defines very important near-term support. A rebound above its 50 DMA line is needed for its technical stance and outlook to improve. Its Relative Strength rating has slumped to 73, below the 80+ guideline for buy candidates. It will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
NSM - NYSE Nationstar Mtg Hldgs Inc FINANCIAL SERVICES - Credit Services	$37.27	-2.69 -6.73%	$40.26	2,774,757 226.79% of 50 DAV 50 DAV is 1,223,500	$46.91 -20.55%	5/7/2013	$39.71	PP = $42.34
								MB = $44.46
Most Recent Note - 6/21/2013 4:17:12 PM Violated its 50 DMA line with today's damaging loss on heavy volume triggering a technical sell signal. Also violated the prior low ($39.22 on 5/29/13) raising more serious concerns. A prompt rebound above its 50 DMA line is needed for its technical stance and outlook to improve. Due to weak action it has fallen -20% from its 52-week high and it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 6/13/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
PRAA - NASDAQ Portfolio Recovery Assoc DIVERSIFIED SERVICES - Business/Management Services	$159.73	+3.03 1.93%	$160.20	197,682 262.53% of 50 DAV 50 DAV is 75,300	$163.87 -2.53%	5/1/2013	$130.77	PP = $127.88
								MB = $134.27
Most Recent Note - 6/21/2013 4:06:34 PM G - Tallying a gain backed by above average volume. Perched at its all-time high, extended from any sound base, it has rallied with no resistance due to overhead supply. Its 50 DMA line ($141.97 now) defines important near-term chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
PRLB - NYSE Proto Labs Inc MANUFACTURING - Small Tools and Accessories	$60.00	-1.01 -1.66%	$62.18	655,153 121.46% of 50 DAV 50 DAV is 539,400	$65.12 -7.86%	6/17/2013	$59.37	PP = $59.94
								MB = $62.94
Most Recent Note - 6/20/2013 7:57:07 PM Y- Volume-driven gains earlier this week helped it rally above its pivot point triggering a new (or add-on) technical buy signal. Prior highs define initial support to watch, while any close below its old high close ($59.13 on 5/10/13) would raise concerns and completely negate the prior technical breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 6/12/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
RRTS - NYSE Roadrunner Trans Systems TRANSPORTATION - Air Delivery and Freight Service	$26.55	-0.75 -2.75%	$27.38	257,242 124.81% of 50 DAV 50 DAV is 206,100	$29.52 -10.06%	4/3/2013	$22.77	PP = $23.75
								MB = $24.94
Most Recent Note - 6/20/2013 7:49:35 PM G - Followed a "negative reversal" at its 52-week high with 3 losses on lighter volume. Fundamental concerns were raised by its sub par earnings increase in the Mar '13 quarter. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/20/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$84.42	+0.58 0.69%	$84.61	2,561,290 133.40% of 50 DAV 50 DAV is 1,920,000	$96.25 -12.29%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 6/20/2013 8:09:26 PM G- Completed a new Public Offering on 6/18/13. Concerns were raised by its sub par Mar '13 earnings report, however mostly bullish action has followed. Its 50 DMA line ($78.95) defines near-term support above prior highs in the $76 area. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M