The major averages pared earlier losses to finish modestly lower on Monday. The volume totals were lighter than the prior session volume totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 3-2 margin on the Nasdaq exchange and on the NYSE. There were 24 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 prior session total of 26 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 4 of the 13 of the high-ranked companies currently included on the Featured Stocks Page. The market (M criteria) uptrend has recently faced pressure and has been threatening to earn the label of being in a "correction" while leadership has become scarce.  Disciplined investors limit losses and reduce market exposure during rough market periods by selling any stocks which fall more than -7% from their purchase price.

The Retail Index ($RLX -0.30%) was a slightly negative weight on the major averages and the Bank Index ($BKX -0.35%) and Broker/Dealer Index ($XBD -0.10%) both edged lower. The tech sector was quiet as the Networking Index ($NWX +0.14%) and the Semiconductor Index ($SOX +0.25%) edged higher and the Biotechnology Index ($BTK -0.09%) ended slightly lower. Commodity-linked groups were little changed as the Oil Services Index ($OSX +0.26%) eked out a small gain and the Integrated Oil Index ($XOI -0.03%) and the Gold & Silver Index ($XAU -0.06%).

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.35%) is consolidating above its 50-day moving average (DMA) line.

Biotauto Hldgs Ltd Ads (BITA +$1.27 +2.40% to $54.19) posted a small gain today on lighter than average volume and hit a new 52-week high. It is well above its "max buy" level, extended from its prior base. Now it faces no overhead supply to act as resistance.  BITA was last shown in this FSU section on 6/27/14 with an annotated graphs under the headline,"Perched At High With No Resistance Remaining Due to Overhead Supply", after highlighted in yellow in the 6/26/14 mid-day report (read here) with pivot point cited based on the 3/06/14 high plus 10 cents.

A gain above its pivot point on 6/30/14 backed by +50% above average volume triggered a technical buy signal.  It managed a "positive reversal" on 7/10/14 after trading down considerably, likely prompting disciplined investors to sell if it fell more than -7% from their purchase price. Any stock which is sold can be bought back later if strength returns, however rule number one is to always limit losses while they are small. Note that it stayed well above its 50-day moving average (DMA) line which defines important support for chart readers.

Fundamentals remain strong with respect to the C and A criteria as it reported earnings +100% on +47% sales revenues for the Mar '14 quarter since dropped from the Featured Stocks list on 1/27/14. BITA was shown in this FSU section on 1/08/14 with an annotated graphs under the headline,"Finished Strong and Challenged Pivot Point After Highlighted in Mid-Day Report". Members were previously - "Like any stock that is dropped from the Featured Stocks list, if fundamentals remain strong while a new base forms, and strength eventually returns, it may one day return to the Featured Stocks list." It was first highlighted in the 8/07/13 mid-day report in yellow at $12.01 with the prior pivot point based on its 5/08/13 high plus 10 cents (read here).

This China-based Internet-Content firm's quarterly and annual earnings (C and A criteria) history has been strong. Its small supply (S criteria) of only 15.4 million shares in the public float can contribute to great volatility in the event of institutional buying or selling. There are 94 top-rated mutual funds as of Jun '14 owning an interest in the company, up from 41 in Sep '13, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio is 1.4, 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
ACT - NYSE Actavis plc Medical-Generic Drugs	$216.13	-2.05 -0.94%	$218.17	1,461,820 67.06% of 50 DAV 50 DAV is 2,180,000	$230.77 -6.34%	6/20/2014	$216.53	PP = $230.87
								MB = $242.41
Most Recent Note - 7/16/2014 7:53:41 PM Y - Consolidating above its 50 DMA line, still hovering within close striking distance of its 52-week high. Subsequent volume-driven gains to new highs may trigger a technical buy signal. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Disciplined Investors Still Awaiting Technical Breakout - 7/16/2014 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
AFSI - NASDAQ Amtrust Financial Svcs INSURANCE - Property and; Casualty Insurance	$41.50	-0.86 -2.03%	$42.16	283,416 45.20% of 50 DAV 50 DAV is 627,000	$47.10 -11.89%	5/21/2014	$44.85	PP = $44.85
								MB = $47.09
Most Recent Note - 7/21/2014 6:19:06 PM G - Still sputtering below its 50 DMA line and its Relative Strength rating has slipped to 79, below the 80+ minimum guideline for buy candidates. Faces resistance due to overhead supply up through the $47 level. >>> FEATURED STOCK ARTICLE : Found Support Near 50-Day Average and Relative Strength Slightly Improved - 7/1/2014 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
BITA - NYSE Bitauto Hldgs Ltd Ads Internet-Content	$54.05	+1.13 2.14%	$54.72	692,718 73.46% of 50 DAV 50 DAV is 943,000	$54.31 -0.48%	6/26/2014	$46.20	PP = $47.03
								MB = $49.38
Most Recent Note - 7/21/2014 6:14:34 PM G - Consolidating above its "max buy" level, extended from its prior base. See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Strength Returned After Shake-Out and Positive Reversal - 7/21/2014 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
BWLD - NASDAQ Buffalo Wild Wings Inc LEISURE - Restaurants	$151.13	-2.42 -1.58%	$153.39	280,623 74.83% of 50 DAV 50 DAV is 375,000	$167.36 -9.70%	6/19/2014	$158.52	PP = $159.91
								MB = $167.91
Most Recent Note - 7/21/2014 6:17:22 PM G - Quietly sputtered below its 50 DMA line and its color code is changed to green. Only a prompt rebound would help its outlook improve. Weak action completely negated the recent technical breakout. >>> FEATURED STOCK ARTICLE : Slump Into Prior Base Negated Recent Breakout - 7/14/2014 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$94.60	-0.48 -0.50%	$95.51	181,478 56.89% of 50 DAV 50 DAV is 319,000	$102.51 -7.72%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 7/17/2014 9:38:36 PM G - Volume totals have been cooling in recent weeks while consolidating well above its 50 DMA line. Strength has continued despite fundamental flaws repeatedly noted. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Near Highs - 7/17/2014 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
GRFS - NASDAQ Grifols Sa Cl B Ads Medical-Ethical Drugs	$40.95	-0.07 -0.17%	$41.29	404,797 59.27% of 50 DAV 50 DAV is 683,000	$46.66 -12.24%	5/15/2014	$41.14	PP = $43.55
								MB = $45.73
Most Recent Note - 7/16/2014 7:55:00 PM G - Encountered resistance at its 50 DMA line and slumped for another loss today with lighter volume. Faces resistance due to overhead supply up through the $46 area. >>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Technical Sell Signal - 7/9/2014 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
HF - NYSE H F F Inc Cl A REAL ESTATE - Property Management/Developmen	$34.71	-0.12 -0.34%	$34.81	150,668 76.09% of 50 DAV 50 DAV is 198,000	$38.23 -9.21%	6/20/2014	$34.60	PP = $36.16
								MB = $37.97
Most Recent Note - 7/17/2014 3:44:25 PM Y - Undercutting prior highs in the $35 area and negating its recent breakout with today's 4th consecutive loss on ever-increasing volume. Testing its 50 DMA line ($34.05) where further deterioration would raise greater concerns. >>> FEATURED STOCK ARTICLE : Slump Into Prior Base Negated Recent Breakout - 7/15/2014 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	$42.03	-0.33 -0.78%	$42.46	230,084 48.54% of 50 DAV 50 DAV is 474,000	$44.81 -6.20%	6/5/2014	$43.54	PP = $43.44
								MB = $45.61
Most Recent Note - 7/17/2014 3:45:36 PM G - Still sputtering below its 50 DMA line, and a rebound above that important short-term average is needed to help its outlook improve. >>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Line Hurt Outlook - 7/11/2014 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
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$80.03	+0.82 1.04%	$80.10	922,661 50.45% of 50 DAV 50 DAV is 1,829,000	$85.78 -6.70%	5/29/2014	$75.95	PP = $72.50
								MB = $76.13
Most Recent Note - 7/16/2014 7:56:50 PM G - Small gap up gain today on higher but still below average volume. Its 50 DMA line defines important support and a violation would raise serious concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Gap Up Gain on Above Average Volume for New Highs - 6/30/2014 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
TARO - NYSE Taro Pharmaceutical Inds DRUGS - Drug Manufacturers - Other	$143.51	-1.73 -1.19%	$145.98	26,924 38.46% of 50 DAV 50 DAV is 70,000	$149.89 -4.26%	6/26/2014	$117.31	PP = $118.90
								MB = $124.85
Most Recent Note - 7/18/2014 6:45:47 PM G - Tallied big gains after recent breakout, an encouraging sign. Disciplined investors avoid chasing stocks more than +5% above prior highs. See latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Big Gains in First 2-3 Weeks After Breakout an Encouraging Sign - 7/18/2014 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
TRN - NYSE Trinity Industries Inc TRANSPORTATION - Railroads	$44.49	-0.49 -1.09%	$44.70	2,895,823 95.73% of 50 DAV 50 DAV is 3,025,000	$46.00 -3.28%	4/30/2014	$37.79	PP = $38.03
								MB = $39.93
Most Recent Note - 7/15/2014 4:21:17 PM G - Volume totals have been cooling while holding its ground stubbornly and consolidating near its 52-week high, extended from its prior base. Its 50 DMA line defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Bullish Up/Down Volume and Increasing Institutional Ownership - 7/8/2014 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$58.96	+0.35 0.60%	$59.48	1,930,109 76.32% of 50 DAV 50 DAV is 2,529,000	$62.40 -5.51%	7/10/2014	$58.50	PP = $60.79
								MB = $63.83
Most Recent Note - 7/15/2014 4:29:40 PM Y - Holding its ground since highlighted in yellow in the 7/10/14 mid-day report (read here) forming cup-with-handle base. Volume-driven gains above the pivot point are still needed to trigger a proper technical buy signal. >>> FEATURED STOCK ARTICLE : Forming Handle on Cup-With-Handle Base Pattern - 7/10/2014 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	$86.95	+0.57 0.66%	$87.34	457,836 81.32% of 50 DAV 50 DAV is 563,000	$86.75 0.23%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 7/21/2014 6:21:09 PM G - Hit another new 52-week high with today's 4th consecutive gain, getting more extended from any sound base pattern. Its 50 DMA line ($81.60) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Great Ranks and Reassuring Leadership in Chemical Group - 7/7/2014 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