The Dow Jones Industrial Average posted a weekly decline of -2.2%, the S&P 500 Index fell -2.1% and the Nasdaq Composite Index was down -1.6%. Technical damage this week sounded alarm bells. Friday's volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was negative as decliners led advancers about a 2-1 margin on the NYSE while decliners led advancers by only a 7-6 margin on the Nasdaq exchange. Leadership evaporated late in the week and on Friday there were only 2 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down abruptly from a total of 62 stocks on Tuesday.  The list of stocks hitting new 52-week highs still outnumbered new 52-week lows on the Nasdaq exchange. On the NYSE the new lows total outnumbered new highs for a 4th consecutive session. There were gains for 10 of the 17 high-ranked companies currently included on the Featured Stocks Page. The market (M criteria) clearly signaled that the major averages are in a "correction" based on Thursday's technical damage.  Individual holdings should be closely monitored for any worrisome technical sell signals. This is precisely how the fact-based system helps investors avoid serious setbacks and raise cash levels during market downdrafts. Historic studies suggest that no new buying efforts should be made during market corrections. 

The major averages traded in a tight range and extended their losing streak to three days. The latest batch of economic data indicated that housing starts rose by +5.9% in July to 896,000, but trailed estimates for an increase to 900,000. Building permits also failed to best street forecasts for an increase to 945,000 as applications increased by +2.7% last month to 943,000. A separate report showed the University of Michigan's consumer confidence survey fell from a six-year high of 85.1 as the gauge unexpectedly dropped to 80 in August. 

Eight of the 10 S&P 500 sectors were down. Telecommunications and Utilities gave up the most ground as Verizon Communications (VZ -1.71%) and PG&E Corp (PCG -1.61%) both fell. On the earnings front, Dell Inc (DELL -0.84%) edged lower after posting better-than-expected earnings, but its profits dropped by -72% from a year ago. Nordstrom Inc (JWN -4.89%) also topped earnings estimates, but lowered its full-year forecast. Technology helped limit losses thanks to Applied Materials Corp (AMAT +1.92%) gaining ground after the company's announcement of its new CEO encouraged investors. Industrials also managed to gain ground as Boeing Co (BA +0.72%) edged higher. Overall, a week of risk asset profit taking left the major averages with their first back-to-back weekly losses since June. 

In fixed-income, Treasury yields climbed further above their 2011 highs. The 10-year note was down 16/32 to yield 2.82% and the 30-year bond lost 18/32 to yield 3.84%. 

Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The benchmark S&P 500 Index is testing its 50-day moving average (DMA) after damaging losses led to a slump below its prior high closes.

Small gains from the influential financial indexes propped up the major averages on Friday as the Bank Index ($BKX +0.25%) and Broker/Dealer Index ($XBD +0.31%) edged higher. The Healthcare Index ($HMO +0.35%) also posted a small gain.  The Gold & Silver Index ($XAU -1.59%) backpedaled and the Retail Index ($RLX -0.51%) finished with a small loss.  Energy-linked groups were quiet as the Oil Services Index ($OSX -0.47%) edged lower and the Integrated Oil Index ($XOI -0.03%) finished flat. The tech sector saw modest losses from the Biotechnology Index ($BTK -0.38%), Internet Index ($IIX -0.34%), and the Networking Index ($NWX -0.31%) while the Semiconductor Index ($SOX +0.35%) posted a small gain.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +0.25%) is consolidating above its 50-day moving average (DMA) line prior highs.  Healthy action in financial stocks is an encouraging sign because of their importance as a "leading indicator".

Stratasys Inc (SSYS +$2.45 or +2.53% to $99.23) is consolidating above prior highs in the $96 area defining initial support following the latest breakout. It has pulled back just below the "max buy" level and its color code was changed to yellow. Keep in mind that a volume-driven breakout is a critical sign of the heavy institutional buying demand which can lead to a sustained and meaningful advance in price, but it is not a guarantee the stock will produce great price gains. The market (M criteria) signaled that it is in another correction, so the message now is that it is an important time to adopt a defensive stance. It is not a time to be thinking seriously about accumulating stocks. If the market confirms a new rally then SSYS, along with many other strong leaders, might be worthy of more serious consideration. 

Its Relative Strength Rating has improved to 86, above the 80+ minimum guideline for buy candidates under the fact-based investment system. It was last shown in this FSU section on 7/24/13 with an annotated graph under the headline, "Faltering Near 50-day Moving Average While Relative Strength Wanes".  

The company released financial results for the quarter ended June 30, 2013 showing earnings +41% on +116% sales revenues versus the year ago period. Its strong quarterly earnings history above the +25% minimum guideline satisfies the C criteria.  A downturn in its FY '09 earnings was previously noted as a flaw with respect to the investment system's A criteria. It found support near its 200 DMA line during a deep consolidation earlier this year. Ownership by top-rated funds rose from 246 in Sep '12 to 304 in Jun '13, a reassuring sign concerning the I criteria. It is an interesting turn around story with a small supply of 37.1 million shares (S criteria) outstanding. Longtime members may recall that SSYS was long ago (2003) featured in reports.

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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$16.01	-0.01 -0.06%	$16.35	752,172 71.34% of 50 DAV 50 DAV is 1,054,400	$19.44 -17.64%	7/15/2013	$17.87	PP = $18.68
								MB = $19.61
Most Recent Note - 8/15/2013 7:14:10 PM G - Slumping further below its 50 DMA line which acted as resistance recently. Subsequent damaging losses below recent lows near $15.50 would raise more serious concerns and trigger more worrisome technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2013. 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
BITA - NYSE Bitauto Hldgs Ltd Ads INTERNET - Internet Information Providers	$12.86	-1.68 -11.55%	$14.45	460,650 254.36% of 50 DAV 50 DAV is 181,100	$18.10 -28.95%	8/7/2013	$12.01	PP = $13.30
								MB = $13.97
Most Recent Note - 8/16/2013 6:55:39 PM G - Negated its impressive breakout gains and retraced back to prior high with 5 consecutive losses marked by above average volume. Disciplined investors always limit losses if any stock falls more than -7-8% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/7/2013. 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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$132.49	-1.02 -0.76%	$134.45	2,494,386 94.94% of 50 DAV 50 DAV is 2,627,200	$149.92 -11.62%	7/11/2013	$133.25	PP = $131.92
								MB = $138.52
Most Recent Note - 8/13/2013 6:43:38 PM Y - Color code is changed to yellow after retreating below its "max buy" level with a loss today on average volume. Prior highs in the $131 area define initial chart support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/29/2013. 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	$97.67	+0.15 0.15%	$99.59	474,769 69.46% of 50 DAV 50 DAV is 683,500	$100.87 -3.17%	5/29/2013	$86.02	PP = $85.66
								MB = $89.94
Most Recent Note - 8/12/2013 6:07:52 PM G- Holding its ground stubbornly, extended from any sound base and perched at all-time highs. Volume totals have been cooling after spiking higher with gains backed by above average volume. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2013. 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
GNRC - NYSE Generac Hldgs Inc CONSUMER DURABLES - Electronic Equipment	$42.78	+0.48 1.13%	$42.97	617,538 55.49% of 50 DAV 50 DAV is 1,112,800	$44.30 -3.43%	7/30/2013	$42.60	PP = $42.10
								MB = $44.21
Most Recent Note - 8/15/2013 7:17:46 PM Y - Holding its ground stubbornly after it recently rallied from an advanced "3-weeks tight" base and priced a Secondary Offering. Disciplined investors always limit losses by selling if any stock falls more than -7% from its purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2013. 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$70.20	-1.03 -1.45%	$70.73	3,189,826 89.95% of 50 DAV 50 DAV is 3,546,200	$72.98 -3.81%	8/6/2013	$69.66	PP = $66.28
								MB = $69.59
Most Recent Note - 8/15/2013 7:19:05 PM G - Holding its ground beyond its "max buy" level. Prior highs in the $66 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2013. 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
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$33.87	+0.08 0.24%	$34.18	252,678 56.74% of 50 DAV 50 DAV is 445,300	$37.17 -8.88%	6/19/2013	$31.47	PP = $34.17
								MB = $35.88
Most Recent Note - 8/14/2013 7:11:26 PM Y - Consolidating above important near-term support. Reported earnings +15% on +19% sales for the Jun '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/14/2013. 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
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$940.07	+1.28 0.14%	$949.00	820,375 114.95% of 50 DAV 50 DAV is 713,700	$994.98 -5.52%	7/8/2013	$878.28	PP = $847.43
								MB = $889.80
Most Recent Note - 8/16/2013 6:57:21 PM G - Consolidating above prior highs, extended from any sound base. Reported earnings +24% on +27% sales revenues for the Jun '13 quarter, just under the +25% minimum earnings guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 7/25/2013. 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
PRAA - NASDAQ Portfolio Recovery Assoc DIVERSIFIED SERVICES - Business/Management Services	$55.58	+0.76 1.39%	$55.86	481,886 95.22% of 50 DAV 50 DAV is 506,100	$57.57 -3.46%	7/31/2013	$51.43	PP = $54.72
								MB = $57.46
Most Recent Note - 8/14/2013 1:09:23 PM Y - Perched at its 52-week high today holding its ground following an impressive spurt of volume-driven gains. It rallied above the pivot point with +130% above average volume on the prior session clinching a new technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2013. 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
PRLB - NYSE Proto Labs Inc MANUFACTURING - Small Tools and Accessories	$65.62	-0.06 -0.09%	$67.00	252,707 50.68% of 50 DAV 50 DAV is 498,600	$72.08 -8.96%	7/29/2013	$64.86	PP = $67.50
								MB = $70.88
Most Recent Note - 8/12/2013 6:12:02 PM Y - Tallied a 3rd consecutive gain with below or near average volume since again testing support near its 50 DMA line and prior lows when encountering distributional pressure. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2013. 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
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
QCOR - NASDAQ Questcor Pharmaceuticals DRUGS - Biotechnology	$65.32	-1.26 -1.89%	$67.22	1,188,664 56.35% of 50 DAV 50 DAV is 2,109,500	$70.55 -7.41%	7/31/2013	$66.46	PP = $59.01
								MB = $61.96
Most Recent Note - 8/13/2013 7:04:51 PM G - Rallied to its second-best close today following a brief consolidation. Quickly got extended beyond its "max buy" level after highlighted in yellow in the 7/31/13 mid-day report (read here) with a weekly graph which illustrated its powerful long-term breakout to new highs. >>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2013. 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
SFUN - NYSE Soufun Hldgs Ltd Ads A INTERNET - Internet Information Providers	$36.17	-1.13 -3.03%	$38.06	1,164,190 250.69% of 50 DAV 50 DAV is 464,400	$42.15 -14.19%	7/16/2013	$29.54	PP = $27.90
								MB = $29.30
Most Recent Note - 8/16/2013 12:47:28 PM G - Down with above average volume for the 5th session in the span of 6 after getting very extended from its latest base. Prior reports noted - "Disciplined investors avoid chasing stocks too extended from sound bases." >>> The latest Featured Stock Update with an annotated graph appeared on 8/8/2013. 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
SSNC - NASDAQ S S & C Technologies COMPUTER SOFTWARE and SERVICES - Application Software	$34.97	+0.06 0.17%	$35.17	256,824 60.06% of 50 DAV 50 DAV is 427,600	$38.80 -9.87%	7/11/2013	$35.80	PP = $34.54
								MB = $36.27
Most Recent Note - 8/16/2013 6:58:24 PM Y - Still trading above its 50 DMA line and prior highs in the $34 area defining important support. Disciplined investors always limit losses if ever any stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2013. 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
SSYS - NASDAQ Stratasys Ltd COMPUTER HARDWARE - Computer Peripherals	$99.23	+2.45 2.53%	$100.00	637,459 78.05% of 50 DAV 50 DAV is 816,700	$104.34 -4.90%	7/8/2013	$91.44	PP = $95.00
								MB = $99.75
Most Recent Note - 8/16/2013 6:52:24 PM Y - Consolidating above prior highs in a healthy manner. Broader market (M criteria) weakness is an overriding concern. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2013. 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
STMP - NASDAQ Stamps.Com Inc INTERNET - Internet Software and Services	$39.97	+0.70 1.78%	$40.01	138,697 100.21% of 50 DAV 50 DAV is 138,400	$46.47 -13.99%	7/31/2013	$40.00	PP = $42.98
								MB = $45.13
Most Recent Note - 8/13/2013 6:53:00 PM Y - Found support at its 50 DMA line again after a recent bout of distributional pressure. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. Any stock which is sold can be bought again later if strength returns. >>> The latest Featured Stock Update with an annotated graph appeared on 7/31/2013. 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	$103.00	+0.07 0.07%	$103.43	1,045,688 65.36% of 50 DAV 50 DAV is 1,600,000	$105.40 -2.28%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 8/15/2013 7:10:07 PM G- Holding its ground after rallying into new 52-week high territory with 9 gains in the span of 10 sessions. Reported earnings +33% on +34% sales revenues for the Jun '13 quarter, above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/15/2013. 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
YNDX - NASDAQ Yandex N V Class A INTERNET - Internet Information Providers	$33.12	+0.12 0.36%	$33.40	1,265,539 50.88% of 50 DAV 50 DAV is 2,487,100	$34.79 -4.80%	7/10/2013	$29.29	PP = $29.59
								MB = $31.07
Most Recent Note - 8/14/2013 1:26:02 PM G - Hitting a new 52-week high today following a brief consolidation in a tight range with volume totals cooling in recent weeks, a sign that few investors have been headed for the exit. Its 50 DMA line coincides with prior highs in the $29 area defining important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2013. 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