PICTURED: The Nasdaq Composite Index tallied a gain with lighter volume following damaging losses with above average volume which sent the tech-heavy index slumping below its 50-day moving average (DMA) line. Deterioration adds emphasis on the importance for investors to use caution and currently aim toward reducing market exposure.

The Retail Index ($RLX +1.25%) was a positive influence on the major averages and the Broker/Dealer Index ($XBD +0.56%) posted a modest gain while the Bank Index ($BKX +0.03%) finished flat. The Semiconductor Index ($SOX +1.27%) tallied a solid gain and the Networking Index ($NWX +0.73%) rose, meanwhile the Biotechnology Index ($BTK -0.74%) lost ground. Commodity-linked groups also had a positive bias as the Gold & Silver Index ($XAU +2.43%) outpaced the Oil Services Index ($OSX +1.30%) and the Integrated Oil Index ($XOI +0.61%).

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +2.43%) has rebounded above its 200-day moving average (DMA) line. Although it abruptly declined in March the shorter-term 50 DMA line has recently converged and crossed above its 200 DMA line which is an encouraging sign.

Market conditions (the M criteria) are challenging at times. There are few stocks included on the Featured Stocks list and none of the companies need additional review in detail with annotated graphs. At times like these we have an opportunity to look back and review previously featured stocks which were dropped. This can serve as an educational review of the investment system's tactics and a reminder that high-ranked leaders eventually fall out of favor.  In this example we look back at a company dropped from the Featured Stocks list on February 22, 2013. Since then its fundamentals have deteriorated and it has fallen even more out of favor with the institutional crowd while trading as much as -54.9% lower.

Rentech Nitrogen Ptnr LP (RNF -$0.21 to $17.59) made its last appearance in this FSU section on 2/22/13 when it was dropped from the Featured Stocks list. Annotated graphs were included under the headline, "Damaging Losses on Heavy Volume Violated Old Highs", as heavy volume more than 3 times average followed the prior session's gap down after violating its 50-day moving average (DMA) line. The damaging losses sent it below prior highs near $40-41 and the weak action raised serious concerns while triggering additional technical sell signals. Not all stocks dropped from the Featured Stocks list fall as badly, but this is a vivid example of why investors should follow the investment system's sell rules and reduce the possibility of more devastating losses.

It was previously noted with caution - "The number of top-rated funds owning its shares had fallen from 52 in Jun '12 to 36 as of Dec '12, a disconcerting sign concerning the I criteria. Only 22 top-rated funds owned it by Dec '13.  Repeating a point emphasized before in this FSU section - "Disciplined investors avoid chasing extended stocks more than +5% above their pivot point.  Making sloppy buy decisions by chasing extended stocks invites a much greater chance that an ordinary consolidation might prompt investors to invoke the investment system's strict loss-limiting sell rule after a pullback of -7% or more from their purchase price."

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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$71.22	+0.09 0.13%	$71.75	81,941 71.25% of 50 DAV 50 DAV is 115,000	$73.43 -3.01%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 4/8/2014 6:24:49 PM G - Still holding its ground and making gradual progress since reporting earnings -2% on +22% sales revenues for the Dec '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its 50 DMA line defines near-term support where a violation may trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Hit New Highs But Fundamental Concerns Remain - 3/21/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
GNRC - NYSE Generac Hldgs Inc Electrical-Power/Equipmt	$58.01	+1.63 2.89%	$58.50	594,310 72.39% of 50 DAV 50 DAV is 821,000	$62.50 -7.18%	2/14/2014	$56.50	PP = $57.39
								MB = $60.26
Most Recent Note - 4/8/2014 6:27:04 PM Y - Finding support at its 50 DMA line and near prior highs in the $57 area. More damaging losses below its recent low ($56.38 on 3/27/14) would raise greater concerns. >>> FEATURED STOCK ARTICLE : Perched Near Highs With Mostly Quiet Volume Totals - 3/31/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
ICON - NASDAQ Iconix Brand Group Inc CONSUMER NON-DURABLES - Textile - Apparel Footwear	$37.80	-0.01 -0.01%	$38.12	293,883 47.24% of 50 DAV 50 DAV is 622,100	$42.47 -11.00%	3/7/2014	$41.46	PP = $40.88
								MB = $42.92
Most Recent Note - 4/4/2014 7:16:06 PM G - Color code is changed to green after a loss on near average volume violated its 50 DMA line and prior low. The deterioration raised greater concerns and triggered a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook. >>> FEATURED STOCK ARTICLE : Falling Back Under Prior Highs Raises Concerns - 3/25/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
PSIX - NASDAQ Power Solutions Intl Inc Machinery-Gen Industrial	$74.00	+2.63 3.69%	$77.75	114,588 173.62% of 50 DAV 50 DAV is 66,000	$87.40 -15.33%	2/28/2014	$74.65	PP = $76.93
								MB = $80.78
Most Recent Note - 4/8/2014 6:22:05 PM Y - Rebounded above its 50 DMA line with today's volume-driven gain and its color code is changed to yellow. The prior session's low ($66.03) defines important near-term support where further deterioration would raise greater concerns. >>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Average After Dip Back Into Prior Base - 4/1/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
SILC - NASDAQ Silicom Ltd COMPUTER HARDWARE - Networking andamp; Communication Dev	$59.43	+0.23 0.39%	$59.96	38,278 44.51% of 50 DAV 50 DAV is 86,000	$73.44 -19.08%	12/23/2013	$44.62	PP = $46.25
								MB = $48.56
Most Recent Note - 4/4/2014 12:46:41 PM G - Slumping today near a recent low ($58.12 on 3/26/14) where a violation may trigger a more worrisome technical sell signal. Halted its slide following a damaging 50 DMA line violation last week. A rebound above that important short-term average would help its outlook improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Halted Slide Following 50-Day Moving Average Violation - 4/3/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC 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