Stocks were up on Monday’s session. The Dow gained 87 points to 16,448. The S&P 500 rose 6 points to 1,869. The NASDAQ recovered from a 61 point decline to close down a point at 4,074.  The volume total rose versus the prior session on the Nasdaq exchange and on the NYSE. Decliners led advancers by a narrow margin on the NYSE while decliners led advancers by a 3-2 margin on the Nasdaq exchange. There were 16 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the total of 11 stocks on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows outnumbered new highs on the Nasdaq exchange. There were gains for 3 of the 4 of the high-ranked companies currently included on the Featured Stocks Page posted a gain. The setback on Friday left investors still waiting for more significant gains from the major indices backed by heavier volume, action which would be a meaningful improvement that more convincingly argues the Market (M criteria) is shifting back to a confirmed uptrend. Meanwhile, caution is still warranted. Keep in mind that any sustained and meaningful market advance requires leadership - a healthy crop of stocks hitting new 52-week highs.

The major averages were mostly higher as M&A news in the health care sector offset weakness in financials. Pfizer (PFE +4.2%) amid reports the drug maker is attempting to renew takeover talks with AstraZeneca. Bank of America (BAC -6.2%) after suspending its dividend and buyback due to an error in calculating its capital ratios.

PICTURED: The Nasdaq Composite Index slumped toward its 50-day moving average (DMA) line.

The financial group was a negative influence on the major averages as the Bank Index ($BKX -1.21%) and the Broker/Dealer Index ($XBD -1.07%) fell on Monday.  The Networking Index ($NWX -1.14%) and Semiconductor Index ($SOX -0.64%) weighed negatrively onthe tech-heavy Nasdaq while the Biotechnology Index ($BTK +0.26%) eked out a smal gain.  Energy-related shares were mixed as the Integrated Oil Index ($XOI +0.72%) rose while the  Oil Services Index ($OSX -1.08%) fell. The Gold & Silver Index ($XAU -2.08%) was a standout decliner.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.02%) finished flat. It is sputtering near prior lows after encountering resistance at its longer-term 200-day moving average line.

E Q T Midstream Partners (EQM -$0.01 or -0.01% to $75.80) has been stubbornly holding its ground and making gradual progress. It reported earnings +8% on +41% sales revenues for the Mar '14 quarter, a 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Its 50-day moving average (DMA) line ($69.01 now) defines near-term support where a subsequent violation may trigger a technical sell signal.

Its last appearance in this FSU section was on 4/09/14 under the headline, "Technical Strength Continues Despite Fundamental Concerns".  It traded up as much as +46.27% since first highlighted in yellow in the 12/12/13 mid-day report (read here) with new pivot point cited based on its 11/18/13 high plus 10 cents. The fact-based system suggests watching for technical sell signals rather than selling purely on fundmentals, yet is wise to sometimes lock in gains at the +20% level. For those watching it and still giving it the benefit of the doubt, its 50-day moving average (DMA) line defines support for the nearc term, while subsequent violations may trigger more worrisome technical sell signals.

It completed a new Public Offering on 7/16/13, then made gradual progress afterward. This MLP in the Natural Gas business has seen the number of top-rated funds owning its shares rise from 20 in Jun '12 to 50 in Mar '14, a reassuring sign concerning the I criteria. Its Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.

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	$75.80	-0.01 -0.01%	$76.15	74,360 65.23% of 50 DAV 50 DAV is 114,000	$77.77 -2.53%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 4/24/2014 6:08:34 PM G - Hovering at its all-time high and in strong shape, technically, despite fundamental concerns recently noted. Its 50 DMA line ($68.61) defines near-term support where a violation may trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Stength Contiunues; Earnings Below +25% Minimum Guideline for a 2nd Quarter - 4/28/2014 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	$58.76	+0.71 1.22%	$59.99	801,568 119.28% of 50 DAV 50 DAV is 672,000	$62.50 -5.98%	2/14/2014	$56.50	PP = $57.39
								MB = $60.26
Most Recent Note - 4/24/2014 6:10:00 PM Y - Edged higher today for its 8th consecutive small gain on below average volume. Found support near its 50 DMA line and prior highs in the $57 area recently. More damaging losses below its recent low ($55.27 on 4/14/14) would raise greater concerns. >>> FEATURED STOCK ARTICLE : Finished Just Below its 50-Day Average Line - 4/11/2014 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	$39.68	+0.81 2.08%	$39.97	991,973 171.92% of 50 DAV 50 DAV is 577,000	$42.47 -6.56%	3/7/2014	$41.46	PP = $40.88
								MB = $42.92
Most Recent Note - 4/28/2014 12:00:23 PM G - Small gap up today, rebounding near its 50 DMA line (now $39.49). Faces a little near-term resistance due to overhead supply up through the $42 level. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Average Needed to Improve Outlook - 4/24/2014 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	$81.50	+0.39 0.48%	$82.10	108,614 159.73% of 50 DAV 50 DAV is 68,000	$87.40 -6.75%	2/28/2014	$74.65	PP = $76.93
								MB = $80.78
Most Recent Note - 4/24/2014 6:07:20 PM G- Posted a gain today with higher volume and it is perched within close striking distance of its 52-week high. The recent low ($66.03 on 4/07/14) defines important near-term support below the 50 DMA line where further deterioration would raise greater concerns. >>> FEATURED STOCK ARTICLE : Halted Slide After Slump Below 50-Day Moving Average - 4/14/2014 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