The major averages edged lower on Tuesday's session. The volume was reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of distributional selling pressure from the institutional crowd. Decliners led advancers by a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 57 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the total of 64 stocks on the prior session. New 52-week highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 5 of the 10 high-ranked companies currently included on the Featured Stocks Page. The S&P 500 Index and Dow Jones Industrial Average both recently surged into new high territory coupled with an expansion in leadership (new 52-week highs) that helped signal that the market direction (M criteria) is in a "confirmed uptrend".  Any new buying efforts should be selective and focused in stocks meeting all key criteria of the fact-based investment system.

The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources.  The Premium Member Homepage includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

Financial shares were mixed on Tuesday as the Broker/Dealer Index ($XBD -0.58%) edged lower and the Bank Index ($BKX +0.35%) posted a small gain. The Biotechnology Index ($BTK +0.76%) and the Semiconductor Index ($SOX +0.93%) rose while the Networking Index ($NWX -0.53%) suffered a small loss. The Retail Index ($RLX -0.13%) finished slightly lower. Commodity-linked groups had a slightly positive bias as the Gold & Silver Index ($XAU +0.41%) and the Oil Services Index ($OSX +0.49%) rose while the Integrated Oil Index ($XOI +0.11%) tallied a smaller gain

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.93%) is perched at its 52-week high after tallying 9 consecutive gain.

Grifols Sa Ads (GRFS +$1.03 or +2.51% to $41.99) has been finding support at its 50-day moving average (DMA) line after enduring distributional pressure. This Spanish firm from the Medical- Ethical Drugs industry needs subsequent volume-driven gains for new highs to trigger a technical buy signal. Little resistance remains due to overhead supply. It was last shown in this FSU section on 5/15/14 with annotated graphs under the headline, "Perched Within Close Striking Distance of New Highs", after highlighted in yellow with pivot point cited based on its 3/11/14 high plus 10 cents in the earlier mid-day report (read here).

It reported earnings +34% on +25% sales revenues for the Mar '14 quarter, marking its 4th consecutive quarter with earnings above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has also been strong. The number of top-rated funds owning its shares rose from 186 in Sep '13 to 192 in Mar '14, a reassuring sign of institutional buying demand (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
AFSI - NASDAQ Amtrust Financial Svcs INSURANCE - Property and; Casualty Insurance	$41.49	-0.83 -1.96%	$42.10	941,576 139.49% of 50 DAV 50 DAV is 675,000	$47.10 -11.91%	5/21/2014	$44.85	PP = $44.85
								MB = $47.09
Most Recent Note - 6/2/2014 6:34:47 PM G - Finished near the session high today after testing support at its 50 DMA line but tallied a 6th consecutive loss. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. >>> FEATURED STOCK ARTICLE : Finished Strong With Gain From Advanced Base Pattern - 5/21/2014 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
AL - NYSE Air Lease Corp Cl A DIVERSIFIED SERVICES - Rental and Leasing Services	$41.52	-0.28 -0.67%	$42.12	899,805 113.04% of 50 DAV 50 DAV is 796,000	$42.05 -1.26%	5/9/2014	$38.27	PP = $38.25
								MB = $40.16
Most Recent Note - 6/3/2014 5:42:34 PM G - Small loss today broke a streak of 7 consecutive gains into new 52-week high territory. Prior highs near $40 define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Finished Near Session Low and Below "Max Buy" Level After Gain on Volume - 5/28/2014 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$85.04	+1.41 1.69%	$85.26	160,719 66.97% of 50 DAV 50 DAV is 240,000	$83.79 1.49%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 6/3/2014 5:21:34 PM G - Hit yet another new 52-week high with today's 6th consecutive gain on below average volume. Completed a new Public Offering of 10.75 Million common units on 5/01/14. Fundamental concerns remain after 2 consecutive sub par quarters below the +25% minimum earnings guideline. Its 50 DMA line defines near-term support where a violation may trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Best Ever Close With Light Volume Gain - 5/16/2014 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
GRFS - NASDAQ Grifols Sa Ads Medical-Ethical Drugs	$41.99	+1.03 2.51%	$42.00	751,203 122.95% of 50 DAV 50 DAV is 611,000	$43.50 -3.47%	5/15/2014	$41.14	PP = $43.55
								MB = $45.73
Most Recent Note - 6/3/2014 5:37:55 PM Y - Finding support at its 50 DMA line after enduring distributional pressure. This Spanish firm from the Medical- Ethical Drugs industry needs subsequent volume-driven gains for new highs to trigger a technical buy signal. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Moving Average - 6/3/2014 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
ICON - NASDAQ Iconix Brand Group Inc CONSUMER NON-DURABLES - Textile - Apparel Footwear	$42.54	+0.14 0.33%	$42.79	363,763 67.36% of 50 DAV 50 DAV is 540,000	$43.34 -1.85%	4/30/2014	$42.50	PP = $42.57
								MB = $44.70
Most Recent Note - 6/3/2014 5:39:26 PM Y - Quietly hovering near its all-time high. Confirming gains above the pivot point with above average volume could trigger a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Consolidating Above 50 DMA Line Still Perched Near 52-Week High - 5/20/2014 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$94.05	-0.40 -0.42%	$94.86	1,754,899 63.26% of 50 DAV 50 DAV is 2,774,000	$101.04 -6.92%	5/27/2014	$96.70	PP = $101.14
								MB = $106.20
Most Recent Note - 5/30/2014 12:32:48 PM Y - Relative Strength rating has slumped to 78, below the 80+ minimum guideline for buy candidates, raising concerns. Finding support at its 50 DMA line, but deterioration below that important short-term average would raise more concerns and trigger a technical sell signal. A breakout above the pivot point with at least +40% above average volume is needed to trigger a new technical buy signal. Reported earnings +56% on +54% sales revenues for the Mar '14 quarter, and prior quarters were also well above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Earnings News May Prompt Volume and Volatility - 5/27/2014 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
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$74.26	+0.57 0.77%	$74.93	1,527,976 75.91% of 50 DAV 50 DAV is 2,013,000	$80.84 -8.14%	5/29/2014	$75.95	PP = $72.50
								MB = $76.13
Most Recent Note - 5/30/2014 6:15:23 PM Y - Today it tallied a 2nd consecutive volume-driven gain above its pivot point. Faces some remaining overhead supply through the $80 level. Highlighted in yellow in the 5/29/14 mid-day report (read here) as its gap up gain with 5 times average volume completed a bullish "double bottom" base. Prior highs near $72 define important support above its downward sloping 50 DMA line. >>> FEATURED STOCK ARTICLE : Finish Near Session Low Following Gap Up From Double Bottom Base - 5/29/2014 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
SN - NYSE Sanchez Energy Corp ENERGY - Independent Oil and Gas	$33.16	+0.11 0.33%	$33.40	1,945,381 167.99% of 50 DAV 50 DAV is 1,158,000	$35.50 -6.59%	5/22/2014	$33.00	PP = $31.59
								MB = $33.17
Most Recent Note - 6/3/2014 12:50:58 PM G - Pulling back further today following a "negative reversal" on the prior session after touching a new 52-week high. Prior highs near $31-32 define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Finish Near Low a Sign of Distributional Pressure Following Gap Up and New High - 5/22/2014 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
TRN - NYSE Trinity Industries Inc TRANSPORTATION - Railroads	$81.53	-4.96 -5.73%	$85.55	4,000,137 291.77% of 50 DAV 50 DAV is 1,371,000	$87.89 -7.23%	4/30/2014	$75.57	PP = $76.05
								MB = $79.85
Most Recent Note - 6/3/2014 1:08:50 PM G - Pulling back for a 3rd consecutive session after getting extended from its prior base. Traded up as much as +15.57% since first highlighted in yellow in the 4/30/14 mid-day report. Prior highs in the $75-76 area define near-term support to watch on pullbacks. See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Extended From Prior Base After +15% Rally in One Month - 6/2/2014 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
WLK - NYSE Westlake Chemical Corp CHEMICALS - Specialty Chemicals	$80.89	-0.21 -0.26%	$81.74	528,356 70.07% of 50 DAV 50 DAV is 754,000	$81.51 -0.76%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 5/30/2014 6:09:01 PM G - Perched at its 52-week high after 5 consecutive weekly gains. Recent lows near $73 define important near-term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Extended From Prior Base After 5 Weekly Gains - 5/30/2014 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