Despite Friday's gains, the Dow Jones Industrial and S&P 500 Index both declined -2.1% on the week while the Nasdaq Composite Index retreated -2.7%.  The volume totals on the exchanges were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost a 3-1 margin on the NYSE and by 2-1 on the Nasdaq exchange. New 52-week highs outnumbered new 52-week lows on the NYSE on the Nasdaq exchange. There were 27 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up from the prior session total of 10 stocks. There were gains for 9 of the 11 high-ranked companies currently included on the Featured Stocks Page.

The Dow recovered from being down as many as 93 points at its intra-day low Friday to close up 10 at 14,547. The S&P 500 added 14 points to 1,555. The Nasdaq Composite Index climbed 40 points to close at 3,206.

The major averages advanced to pare their weekly retreat as investors digested the latest earnings releases. Market participants also appeared preoccupied with the manhunt for a suspect in the Boston Marathon bombing.

On the earnings front, thirteen companies in the S&P 500 reported results. Capital One Financial Corp (COF +6.40%) rallied after posting earnings that beat projections. Kimberly-Clark (KMB +4.06%) gained after the maker of Kleenex tissues increased its full-year forecast. General Electric Co (GE -4.1%) and McDonald's Corp (MCD -1.95%) fell amid disappointment in their earnings releases. Telecom was the best performing sector with Verizon Communications Inc (VZ +2.6%) up. Tech was the notable laggard on the session. Shares of International Business Machines Inc (IBM -8.28%) dove after posting a rare earnings miss and reduced its full-year guidance. Google Inc (GOOG +4.43%) rose and Microsoft Corp (MSFT +3.39%) climbed after both companies posted earnings above consensus.

Treasuries were lower with the 10-year note down 5/32 to yield 1.70%.

The market's (M criteria) quick evaporation of leadership (stocks hitting new 52-week highs) and decisive pullback on higher volume of late was a sign of more worrisome distributional pressure. The damaging action ended the latest rally. Investors should be watchful for technical sell signals and be ready to reduce market exposure. New buying efforts should be avoided until broader strength returns and until it is noted and there is again a follow-through day of meaningful gains from at least one of the major averages coupled with an expansion in leadership. 

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PICTURED: The NYSE Composite Index rebounded near its 50-day moving average (DMA) line after damaging losses with above average volume this week led to a violation of that important short-term average.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +5.97%) was a standout gainer on Friday, gapping up and rallying to new 2013 highs.

Celgene Corp (CELG  +$3.28 or +2.75% to $122.36) is consolidating above its "max buy" level, holding its ground after wedging to new highs from an advanced "3-weeks tight" base with only average volume behind its recent gains. Its 50-day moving average (DMA) line defines important near-term support to watch. Its last appearance in this FSU section on 3/28/13 with an annotated graph under the headline, "Gains Lacked Volume While Wedging From Advanced "3-Weeks Tight" Pattern". Disciplined investors know that volume-driven gains above the pivot point are necessary to trigger a proper technical buy signal, and the minimum volume required behind a gain is +40% above average. The volume requirement is important because the market's best winners really had the look of institutional accumulation, the kind of heavy buying demand that can lead to a sustained and meaningful advance in share prices. While it may go on to produce more climactic gains, keep in mind that after its considerable rally in prior months, it may also be fair to consider it a riskier "late-stage" base.

CELG has maintained a strong earnings history (C and A criteria), and it recently reported earnings +26% on +13% sales revenues for the Dec '12 quarter. The number of top-rated funds owning its shares rose from 1,623 in Dec '11 to 1,791 in Mar '13, a reassuring trend concerning the I criteria.  However, the company is already well-known by the institutional crowd. Its 50-day moving average (DMA) line defines important support to watch on pullbacks. It has not tested that short-term averages since finding support there in late December before embarking on a considerable winning streak.

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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$122.36	+3.28 2.75%	$122.88	3,345,727 108.37% of 50 DAV 50 DAV is 3,087,200	$124.10 -1.40%	3/27/2013	$113.24	PP = $115.54
								MB = $121.32
Most Recent Note - 4/19/2013 7:23:45 PM G - Consolidating above its "max buy" level, holding its ground after wedging to new highs from an advanced "3-weeks tight" base with only average volume behind its gains. Its 50 DMA line defines important near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2013. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$15.02	-0.66 -4.21%	$15.60	746,501 362.38% of 50 DAV 50 DAV is 206,000	$18.40 -18.37%	3/22/2013	$17.99	PP = $18.29
								MB = $19.20
Most Recent Note - 4/19/2013 7:25:38 PM G - Slumped to its 200 DMA line today with another damaging loss on above average volume raising more serious concerns. A rebound above its 50 DMA line is needed to 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	$40.56	+0.57 1.43%	$40.61	14,530,570 102.19% of 50 DAV 50 DAV is 14,218,600	$42.61 -4.81%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 4/19/2013 12:11:14 PM G - Rebounding toward its 50 DMA line today after violating that important short-term average with 2 prior losses marked by above average volume. A prompt rebound above its 50 DMA line is needed for its outlook to improve. >>> 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	$14.17	-0.02 -0.14%	$14.32	624,575 66.72% of 50 DAV 50 DAV is 936,100	$17.29 -18.05%	3/4/2013	$15.38	PP = $15.83
								MB = $16.62
Most Recent Note - 4/19/2013 1:10:33 PM Consolidating near its 200 DMA line and it will be dropped from the Featured Stocks list due to weak action. Its Relative Strength (RS) rating has slumped to 57, 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
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$73.44	+1.02 1.41%	$73.59	928,755 110.65% of 50 DAV 50 DAV is 839,400	$78.87 -6.88%	3/21/2013	$71.14	PP = $73.00
								MB = $76.65
Most Recent Note - 4/19/2013 12:17:32 PM Y - Managed a "positive reversal" after early weakness today, making a stand near its 50 DMA line ($71.67 now). More damaging losses would raise more serious concerns and trigger a worrisome technical sell signal. >>> 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
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
LNKD - NYSE Linkedin Corp Class A INTERNET - Internet Information Providers	$174.95	+1.14 0.66%	$178.74	1,523,608 59.65% of 50 DAV 50 DAV is 2,554,100	$186.06 -5.97%	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
MRLN - NASDAQ Marlin Business Services DIVERSIFIED SERVICES - Rental and Leasing Services	$22.93	+0.77 3.47%	$23.74	19,020 74.59% of 50 DAV 50 DAV is 25,500	$23.98 -4.38%	3/15/2013	$22.29	PP = $23.18
								MB = $24.34
Most Recent Note - 4/19/2013 1:14:00 PM Y - Rallying within close striking distance of its 52-week high today and little resistance remains. Promptly rebounded above its 50 DMA line, an encouraging sign of institutional support on the prior session. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$124.15	+2.35 1.93%	$124.93	28,154 49.13% of 50 DAV 50 DAV is 57,300	$137.18 -9.50%	3/4/2013	$130.90	PP = $129.45
								MB = $135.92
Most Recent Note - 4/19/2013 1:16:09 PM G - Still sputtering below its 50 DMA line, and its Relative Strength rating has slumped to 79, below the 80+ minimum guideline for buy candidates. >>> 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	$79.12	+1.09 1.40%	$79.87	212,563 59.78% of 50 DAV 50 DAV is 355,600	$80.33 -1.51%	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
RRTS - NYSE Roadrunner Trans Systems TRANSPORTATION - Air Delivery and Freight Service	$22.15	+0.31 1.42%	$22.22	73,881 36.59% of 50 DAV 50 DAV is 201,900	$23.88 -7.24%	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
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	$75.52	+2.71 3.72%	$75.61	1,188,202 88.94% of 50 DAV 50 DAV is 1,336,000	$76.56 -1.36%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 4/19/2013 1:18:34 PM G - Finding recent support well above its 50 DMA line 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