Thursday was another down session for the major averages as the "correction" continued. The volume totals on the exchanges were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 5-4 margin on the NYSE and by 3-2 on the Nasdaq exchange. New 52-week highs outnumbered new 52-week lows on the NYSE, but new 52-week lows outnumbered new 52-week highs on the Nasdaq exchange. There were 10 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up  a notch from the prior session total of 9 stocks. There were gains for only 2 of the 15 high-ranked companies currently included on the Featured Stocks Page.

Thursday’s session saw losses for the major averages for second day following a round of disappointing economic data. Before the open, weekly initial jobless claims rose 4,000 to 352,000, slightly above the consensus estimate of 350,000. Additional reports revealed manufacturing activity in the Philadelphia region slowed in April while the leading indicators index declined -0.1% in March.

A mixed bag of earnings reports weighed on the market. EBay Inc (EBAY -5.9%) fell as quarterly results fell short of consensus expectations. United Health Corp (UNH -3.8%) sank after lowering its full-year sales guidance. Pepsi Co (PEP +3.0%) and Verizon Communication Ins (VZ +2.8%) rose after posting earnings above analyst projections. Technology was the worst performing sector on the session. Google Inc (GOOG -2.1%), International Business Machines Inc (IBM -2.5%) and Microsoft Corp (MSFT -0.1%) traded with a mostly negative bias ahead of their scheduled earnings releases after the close. Apple Inc (APPL -2.7%) fell amid concerns over second-quarter iPad mini shipments and a supplier reporting an inventory glut.

Treasuries advanced with the 10-year note up 1/16 of a point to yield 1.69%.

The market's (M criteria) quick evaporation of leadership (stocks hitting new 52-week highs) and decisive pullback on higher volume is a sign of more worrisome distributional pressure. The damaging action of late has arguably ended the latest rally. Investors should be watchful for technical sell signals and be ready to reduce market exposure until broader strength returns and is noted.  The most noteworthy and actionable leaders are listed on the Featured Stocks page.

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PICTURED: The S&P Small-Cap 600 Index slumped further below its 50-day moving average (DMA) line, sinking toward its February lows.

Commodity-linked groups rose on Thursday. Energy-related shares had a positive bias as the Integrated Oil Index ($XOI +0.45%) and Oil Services Index ($OSX +1.16%) posted small gains.  The Gold & Silver Index ($XAU +2.89%) was a standout gainer as it bounced back from recent losses.  The Healthcare Index ($HMO -2.26%) was among Thursday's worst laggards. The tech sector saw unanimous losses from the Networking Index ($NWX -1.89%), Internet Index ($IIX -1.72%), Biotechnology Index ($BTK -1.41%), and the Semiconductor Index ($SOX -0.90%). The Retail Index ($RLX -1.19%) fell, and financial indexes also added to the market's negative bias as the Broker/Dealer Index ($XBD -1.39%) and the Bank Index ($BKX -0.90%) both lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO -2.26%) gapped down, creating an "island reversal" after the strong start to April, which began with a gap up.

Middleby Corp (MIDD +$1.51 or +1.06% to $144.53) is still lingering below its 50-day moving average (DMA) line, and it recently slumped under prior lows in the $144 area raising greater concerns. Technically, a rebound above its 50 DMA line is needed for its outlook to improve. It Relative Strength rating is 86 and it is only -6.6% off its 52-week high. Fundamental concerns were repeatedly noted since its last appearance in this FSU section on 3/25/13 with an annotated graph under the headline, "Resilient Leader Still Near Highs After Fundamental Flaws Raised Concerns". Prior reports noted - "Disciplined investors may watch closely for sell signals if holding it and giving it a chance to produce more climactic gains."

Earnings +9% on +20% sales for the Dec '12 quarter marked its 2nd consecutive quarterly comparison with an earnings increase below the +25% minimum earnings guideline (C criteria), raising more concerns. The number of top-rated funds owning its shares rose from 351 in Dec '11 to 435 in Mar '13, a reassuring sign concerning the I criteria. Its small supply (S criteria) of only 17.1 million shares in the public float can contribute to greater price volatility in the event of institutional buying or selling.  Based on its recent fundamental and technical weakness it will be dropped from the Featured Stocks list tonight.

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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$12.42	-0.58 -4.46%	$13.15	475,997 130.16% of 50 DAV 50 DAV is 365,700	$16.00 -22.38%	3/26/2013	$15.31	PP = $14.83
								MB = $15.57
Most Recent Note - 4/18/2013 6:13:50 PM Down again on above average volume, trading near its 50 DMA line. It may find support near that important short-term average, but based on recent distributional action it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 4/17/2013. 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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$119.08	-2.26 -1.86%	$121.34	2,192,768 71.03% of 50 DAV 50 DAV is 3,087,200	$124.10 -4.05%	3/27/2013	$113.24	PP = $115.54
								MB = $121.32
Most Recent Note - 4/12/2013 3:09:14 PM G - Color code is changed to green as it is now extended from any sound base pattern after wedging to new highs from an advanced "3-weeks tight" base with only average volume behind its gains >>> The latest Featured Stock Update with an annotated graph appeared on 3/28/2013. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$15.68	-0.69 -4.22%	$16.40	511,949 248.52% of 50 DAV 50 DAV is 206,000	$18.40 -14.78%	3/22/2013	$17.99	PP = $18.29
								MB = $19.20
Most Recent Note - 4/18/2013 6:24:16 PM G - Slumped further below its 50 DMA line today with another damaging loss on above average volume raising more serious concerns. Only a prompt rebound above that important short-term average would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 4/10/2013. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$39.99	-0.63 -1.54%	$40.76	16,178,145 113.78% of 50 DAV 50 DAV is 14,218,600	$42.61 -6.15%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 4/16/2013 6:41:09 PM G - Hovering near its 52-week high after finding recent support and rallying from its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2013. 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
EVER - NYSE Everbank Financial Corp BANKING	$14.19	-0.09 -0.63%	$14.41	325,052 34.72% of 50 DAV 50 DAV is 936,100	$17.29 -17.93%	3/4/2013	$15.38	PP = $15.83
								MB = $16.62
Most Recent Note - 4/12/2013 3:14:16 PM G - Still holding its ground near its 50 DMA line ($15.15 now). That important short-term average has acted as support since damaging losses violated prior highs in the $16 area raising concerns while completely negating its prior technical breakout. Its Relative Strength (RS) rating has slumped to 70, below the 80+ minimum guideline for buy candidates. >>> The latest Featured Stock Update with an annotated graph appeared on 4/2/2013. 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
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$72.42	-1.68 -2.27%	$74.30	660,223 78.65% of 50 DAV 50 DAV is 839,400	$78.87 -8.18%	3/21/2013	$71.14	PP = $73.00
								MB = $76.65
Most Recent Note - 4/15/2013 7:56:38 PM Y - Enduring mild distributional pressure above prior highs in the $72 area defining near-term support above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/15/2013. 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
LNKD - NYSE Linkedin Corp Class A INTERNET - Internet Information Providers	$173.81	-6.16 -3.42%	$180.45	1,987,492 77.82% of 50 DAV 50 DAV is 2,554,100	$186.06 -6.58%	4/12/2013	$182.69	PP = $184.25
								MB = $193.46
Most Recent Note - 4/16/2013 6:43:53 PM Y - Traded up today with lighter volume. Color code was changed to yellow with a new pivot point cited based on its 3/14/18 high plus 10 cents while forming a short 5-week flat base pattern. Volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line and recent low define important near-term chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/5/2013. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$144.53	+1.51 1.06%	$145.89	136,427 151.25% of 50 DAV 50 DAV is 90,200	$154.74 -6.60%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 4/18/2013 6:16:22 PM Based on lackluster price/volume action and fundamental concerns previously noted it will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/18/2013. 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
MNTX - NASDAQ Manitex International MANUFACTURING - Diversified Machinery	$10.02	-0.27 -2.62%	$10.27	190,795 94.50% of 50 DAV 50 DAV is 201,900	$13.14 -23.74%	3/20/2013	$11.29	PP = $12.05
								MB = $12.65
Most Recent Note - 4/18/2013 6:17:47 PM Slumped further below its 50 DMA line today on average volume. A rally above that important short-term average is needed for its outlook to improve. Based on weak action it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 4/12/2013. 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
MRLN - NASDAQ Marlin Business Services DIVERSIFIED SERVICES - Rental and Leasing Services	$22.16	+1.53 7.42%	$22.41	40,347 158.22% of 50 DAV 50 DAV is 25,500	$23.98 -7.59%	3/15/2013	$22.29	PP = $23.18
								MB = $24.34
Most Recent Note - 4/18/2013 6:19:09 PM Y - Color code is changed back to yellow as it promptly rebounded above its 50 DMA line with a gain today backed by higher volume, an encouraging sign of institutional support. Subsequent deterioration below the recent low ($20.10)or its 200 DMA line would raise more serious concerns and trigger additional sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 4/9/2013. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$121.80	-0.43 -0.35%	$122.84	47,109 82.21% of 50 DAV 50 DAV is 57,300	$137.18 -11.21%	3/4/2013	$130.90	PP = $129.45
								MB = $135.92
Most Recent Note - 4/15/2013 8:01:13 PM G - Color code is changed to green after today's loss violated its 50 DMA line triggering a technical sell signal. Only a prompt rebound above that important short-term average would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 4/4/2013. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$78.03	-0.87 -1.10%	$79.29	224,048 63.01% of 50 DAV 50 DAV is 355,600	$80.33 -2.86%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 4/16/2013 6:47:10 PM G - Hovering near its all-time high, extended after a recent streak of 7 consecutive weekly gains. Its 50 DMA line ($73.58 now) defines important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/1/2013. 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	$44.80	-2.21 -4.70%	$47.37	790,128 137.87% of 50 DAV 50 DAV is 573,100	$55.23 -18.88%	4/10/2013	$49.97	PP = $54.01
								MB = $56.71
Most Recent Note - 4/18/2013 6:21:49 PM Slumped further below its 50 DMA line today with its 4th loss with above average volume in the span of 5 sessions. A rebound above its short-term average is needed for its outlook to improve. Due to weak action it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2013. 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
RRTS - NYSE Roadrunner Trans Systems TRANSPORTATION - Air Delivery and Freight Service	$21.84	-0.04 -0.18%	$22.00	101,609 50.33% of 50 DAV 50 DAV is 201,900	$23.88 -8.54%	4/3/2013	$22.77	PP = $23.75
								MB = $24.94
Most Recent Note - 4/17/2013 11:39:46 AM G - Color code is changed to green after violating the recent low and its 50 DMA line triggering technical sell signals. Only a prompt rebound above that important short-term average would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 4/3/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$72.81	-0.05 -0.07%	$73.00	811,423 60.74% of 50 DAV 50 DAV is 1,336,000	$76.56 -4.90%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 4/15/2013 11:47:27 AM G - Still consolidating above its 50 DMA line ($69.84 now) defining important near-term support. >>> The latest Featured Stock Update with an annotated graph appeared on 4/8/2013. 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