With Tuesday's big losses the Nasdaq Composite Index and the benchmark S&P 500 Index both abruptly retreated back below their respective 50-day moving average (DMA) lines, raising concerns. Technical deterioration in the charts of the major averages (M criteria) coupled with a contraction in leadership gave investors more reasons to be cautious. Weakness in financial issues has added to previously noted pressure, contributing to the threat of a more substantial market "correction".

Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. This is precisely how the fact-based investment system prompts investors to reduce exposure in weak markets, preserving cash until another confirmed rally marked by solid leadership.

Charts courtesy www.stockcharts.com

PICTURED: The Dow Jones industrial Average is below its 50-day and 200-day moving average (DMA) lines which recently crossed.  

The major averages pared gains in the final hour of trading. Economic data showed retail sales jumped 0.6% in July, and June’s figures were revised into positive territory. Import prices surprisingly fell 0.9%, less than anticipated. Initial jobless claims last week were 274,000, hovering near the 40-year low. Lastly, business inventories in June rose 0.8%, topping the 0.3% expected expansion.

Seven of 10 S&P 500 sectors were lower. Energy was off the most in sympathy with oil prices. Transocean (RIG -6.5%) tumbled and Exxon Mobil (XOM -0.2%) edged lower. The typically defensive telecom and consumer staples groups were relative laggards. Despite positive commentary, AT&T (T -0.6%) fell and in staples Procter & Gamble (PG -0.8%) declined. Consumer discretionary was up the most on positive earnings reports. News Corp (NWS +7.6%) topped quarterly estimates and announced the divestiture of its education arm, sending the stock higher. Tesla (TSLA 1.8%) filed for a 2.1 million share offering.. In tech, Cisco (CSCO +2.9%) jumped after posting a strong profit tally.

Treasuries fell as the 10-year note lost 12/32 to yield 2.185%. Amid a $16 billion auction, the 30-year bond retreated 10/32 to yield 2.855%.

Commodities were broadly lower. WTI crude fell 2.5% to $42.23/barrel. COMEX gold lost 0.7% to $1115.00/ounce to snap its winning streak

Stocks identified as the best matches with the fact-based investment system's guidelines currently are listed to the Featured Stocks Page.  It shows the most current notes with headline links where members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. 

The Retail Index ($RLX +0.77%) rose and the Bank Index ($BKX +0.54%) edged higher while the Broker/Dealer Index ($XBD -0.16%) inched lower on Thursday. The Networking Index ($NWX +0.18%) eked out a small gain while the Semiconductor Index ($SOX-1.04%) and Biotechnology Index ($BTK -0.65%) both ended the day lower. The Oil Services Index ($OSX -2.87%) and Integrated Oil Index ($XOI -1.32%) both slumped. The Gold & Silver Index ($XAU -5.24%) was a standout decliner once again.

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
GSBC - NASDAQ Great Southern Bancorp BANKING - Savings and Loans	$41.00	+0.11 0.27%	$41.31	42,238 127.99% of 50 DAV 50 DAV is 33,000	$42.99 -4.63%	4/27/2015	$40.94	PP = $40.54
								MB = $42.57
Most Recent Note - 8/10/2015 12:38:22 PM G - Consolidating near its 50 DMA line ($41.51) defining near-term support. Reported earnings +8% on -11% sales revenues for the Jun '15 quarter, raising fundamental concerns, and its color code was changed to green. Below the 50 DMA line its prior low ($40.46 on 7/08/15) defines the next important support where a violation would trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Finding Support While Consolidating After Sub Par Quarter - 7/30/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
BOFI - NASDAQ B O F I Holding Inc BANKING - Savings andamp; Loans	$128.74	+1.09 0.85%	$131.14	299,389 129.05% of 50 DAV 50 DAV is 232,000	$134.79 -4.49%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 8/12/2015 6:57:25 PM G - Hovering near its all-time high following gains marked by above average volume. Previously noted with caution - "It may produce more climactic gains, however it is very extended from its prior base. Its recent low ($111.43 on 7/29/15) defines near term support above its 50 DMA line." >>> FEATURED STOCK ARTICLE : Extended and Perched Near High With Earnings News Due Soon - 7/27/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
AHS - NYSE A M N Healthcare Svcs DIVERSIFIED SERVICES - Staffing and Outsourcing Service	$35.02	+0.71 2.07%	$35.60	953,788 140.47% of 50 DAV 50 DAV is 679,000	$36.34 -3.63%	8/5/2015	$34.50	PP = $32.53
								MB = $34.16
Most Recent Note - 8/10/2015 3:35:38 PM G - Rallied above its "max buy" level and its color code is changed to green. Prior highs in the $32 area define initial support to watch above its 50 DMA line. >>> FEATURED STOCK ARTICLE : Gap Up Gain Triggered Technical Buy Signal Following Earnings - 8/5/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
ILMN - NASDAQ Illumina Inc DRUGS - Biotechnology	$208.84	+1.48 0.71%	$209.90	1,344,454 93.04% of 50 DAV 50 DAV is 1,445,000	$242.37 -13.83%	6/8/2015	$209.97	PP = $213.43
								MB = $224.10
Most Recent Note - 8/12/2015 7:09:42 PM G - Damaging losses below recent lows ($207) raised concerns and triggered a more worrisome technical sell signal. Found support and finished near the session high today after slumping near its 200 DMA line. >>> FEATURED STOCK ARTICLE : Support Found After Abrupt Pullback Following Earnings News - 7/24/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
JAZZ - NASDAQ Jazz Pharmaceuticals Plc DRUGS - Biotechnology	$186.27	+2.67 1.45%	$186.51	459,841 108.20% of 50 DAV 50 DAV is 425,000	$194.73 -4.34%	7/29/2015	$190.13	PP = $191.11
								MB = $200.67
Most Recent Note - 8/12/2015 6:51:29 PM G - Managed a "positive reversal" today after slumping near its 200 DMA line. Fundamental concerns were recently noted after it reported earnings +19% on +15% sales revenues for the Jun '15 quarter, below the +25% minimum earnings guideline (C criteria). It stalled after highlighted in yellow with pivot point cited based on its 4/27/15 high plus 10 cents in the 7/29/15 mid-day report (read here). >>> FEATURED STOCK ARTICLE : No Resistance Due to Overhead Supply For Drug Firm - 7/29/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
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	$246.17	+2.14 0.88%	$248.28	1,415,104 85.71% of 50 DAV 50 DAV is 1,651,000	$263.81 -6.69%	7/14/2015	$236.75	PP = $246.11
								MB = $258.42
Most Recent Note - 8/12/2015 7:05:35 PM Y - Undercut its 50 DMA line then found prompt support and closed in the upper third of its intra-day range. Endured distributional pressure after wedging higher with recent gains lacking great volume conviction. Its 7/23/15 gap up above the pivot point triggered a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Holding Ground Following Latest Technical Breakout - 8/3/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
USNA - NYSE U S A N A Health Science DRUGS - Drug Related Products	$161.80	+1.23 0.77%	$163.26	139,388 106.40% of 50 DAV 50 DAV is 131,000	$176.88 -8.53%	8/5/2015	$157.22	PP = $145.15
								MB = $152.41
Most Recent Note - 8/12/2015 7:07:16 PM G - Consolidating well above prior highs in the $145 area defining initial support to watch. Risk increases the further one chases a stock above prior highs. >>> FEATURED STOCK ARTICLE : Abrupt Retreat Following Breakout for Stock With Small Supply - 8/6/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$109.16	-0.89 -0.81%	$111.70	1,726,034 39.34% of 50 DAV 50 DAV is 4,387,000	$129.19 -15.50%	5/1/2015	$75.99	PP = $77.49
								MB = $81.36
Most Recent Note - 8/12/2015 6:56:06 PM G - Undercut its 50 DMA line today yet found prompt support and rebounded to close near that important short-term average and finish in the upper third of its intra-day range. More damaging losses would raise serious concerns and trigger a worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Choppy Consolidation is Not a New Cup-With-Handle Base - 8/7/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
ACHC - NASDAQ Acadia Healthcare Inc HEALTH SERVICES - Specialized Health Services	$80.68	+0.31 0.38%	$81.43	753,716 100.63% of 50 DAV 50 DAV is 749,000	$85.62 -5.77%	5/27/2015	$73.90	PP = $74.19
								MB = $77.90
Most Recent Note - 8/11/2015 3:10:25 PM G - Gapped down today after proposing a Secondary Offering. Brief consolidation was not a sound base pattern of sufficient length. Reported strong sales and earnings increases with acceleration again for Jun '15 quarter. Its 50 DMA line and recent lows define important support. >>> FEATURED STOCK ARTICLE : Pullback Followed Another Strong Quarter Reported With Acceleration - 8/4/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
APOG - NASDAQ Apogee Enterprises MATERIALS and CONSTRUCTION - General Building Materials	$52.68	-0.35 -0.66%	$54.26	304,738 93.48% of 50 DAV 50 DAV is 326,000	$61.05 -13.71%	4/9/2015	$49.58	PP = $48.13
								MB = $50.54
Most Recent Note - 8/12/2015 7:11:28 PM G - Slumping further below its 50 DMA line, and a rebound above that short-term average is needed for its outlook to improve. Damaging losses below the recent low ($50.07 on 7/07/15) would raise greater concerns and trigger a worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line - 7/31/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
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
JLL - NYSE Jones Lang Lasalle Inc REAL ESTATE - Property Management/Developmen	$175.66	+1.27 0.73%	$176.94	173,623 62.01% of 50 DAV 50 DAV is 280,000	$179.97 -2.39%	6/4/2015	$172.34	PP = $174.93
								MB = $183.68
Most Recent Note - 8/12/2015 6:52:16 PM Y - Down with average volume today, testing support at its 50 DMA line. Recent gains above the pivot point lacked the minimum +40% above average volume necessary to trigger a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Conviction; Earnings Report Soon Expected - 7/22/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
RH - NYSE Restoration Hardware Hld RETAIL - Home Furnishing Stores	$100.51	+1.11 1.12%	$101.40	675,309 87.93% of 50 DAV 50 DAV is 768,000	$105.98 -5.16%	7/28/2015	$102.40	PP = $102.10
								MB = $107.21
Most Recent Note - 8/12/2015 7:02:37 PM Y - Undercut its 50 DMA line ($98.71) then found prompt support and finished in the upper third of its intra-day range. More damaging losses would raise greater concerns and trigger a worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Fundamental and Technical Action Improved Outlook - 7/28/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$169.28	+2.34 1.40%	$170.94	571,567 83.81% of 50 DAV 50 DAV is 682,000	$171.21 -1.13%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 8/13/2015 6:34:21 PM G - Color code is changed to green after up today with light volume nearly challenging 52-week high. Stayed well above 50 DMA line and prior highs in the $159 area defining initial support to watch on pullbacks. See latest FSU analysis for more details and new annotated graph. >>> FEATURED STOCK ARTICLE : Recent Gains Have Still Lacked Substantial Volume Conviction - 8/13/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
LXFT - NYSE Luxoft Holding Inc Cl A Comp Sftwr-Spec Enterprs	$67.57	+6.03 9.80%	$68.16	1,005,107 410.25% of 50 DAV 50 DAV is 245,000	$63.56 6.31%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 8/13/2015 12:58:34 PM G - Gapped up today hitting a new 52-week high with a considerable volume-driven gain clearing a brief consolidation. Rallied from support at its 50 DMA line. Reported earnings +36% on +32% sales revenues for the Jun '15 quarter. >>> FEATURED STOCK ARTICLE : Earnings News Often Leads to Greater Volume and Volatility - 8/10/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$172.76	+1.76 1.03%	$175.25	985,343 68.28% of 50 DAV 50 DAV is 1,443,000	$200.55 -13.86%	3/27/2015	$146.44	PP = $149.45
								MB = $156.92
Most Recent Note - 8/12/2015 7:00:25 PM G - Undercut its prior low ($167.82 on 7/07/15) with another damaging volume-driven loss today raising greater concerns. Found support and rebounded to close in the upper-third of its intra-day range. >>> FEATURED STOCK ARTICLE : Wedging to New Highs After Brief Consolidation - 7/21/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I
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
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$51.36	+2.47 5.05%	$51.39	378,439 153.84% of 50 DAV 50 DAV is 246,000	$45.75 12.26%	8/12/2015	$49.01	PP = $45.85
								MB = $48.14
Most Recent Note - 8/13/2015 10:10:00 AM G - Color code is changed to green after rallying well above its "max buy" level and getting extended from its latest sound base. Highlighted in 8/12/15 mid-day report with a pivot point cited based on its 6/23/15 high plus 10 cents (read here), it technically broke out with a considerable gap up and gain backed by +252% above average volume for a new 52-week high. Reported Jun '15 earnings +55% on 45% sales, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Limited history and broader market weakness (M criteria) is a concern. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Finished Strong With Volume-Driven Breakout Gain - 8/12/2015  |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I