The major averages fell on Tuesday. Volume totals were reported near the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 3-1 margin on the NYSE and on the NASDAQ exchange. 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 41 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows slightly outnumbered new highs on the Nasdaq exchange. There were unanimous losses for all of the 13 high-ranked companies currently included on the Featured Stocks Page. The broader market (M criteria) has encountered distributional pressure while leadership (stocks hitting new 52-week highs) has waned. Remember that disciplined investors buy stocks with superior fundamentals only after they have triggered a proper technical buy signal.

 

PICTURED: The Dow Jones Industrial Average declined 98 points to 17,013 and finished near the session low.

The S&P 500 Index was 13 points lower to 1,988. The NASDAQ lost 40 points to close at 4,552. The major averages finished firmly in negative territory amid speculation the Fed may raise rates sooner than expected. The market extended its decline in afternoon trading as Apple (AAPL -0.4%) gave back a +4.8% gain after unveiling a new iPhone and smart watch, and the tech bellwether ended the session down.

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.

The Retail Index ($RLX -1.53%) was a negative influence on the major averages while financial shares were mixed on Tuesday with the Bank Index ($BKX -1.02%) falling and the Broker/Dealer Index ($XBD +0.39%) edging higher. The tech sector saw unanimous losses from the Biotechnology Index ($BTK -1.23%), Networking Index ($NWX -1.04%), and the Semiconductor Index ($SOX -0.92%). Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +0.93%) rose while the Integrated Oil Index ($XOI -0.57%) and the Oil Services Index ($OSX -0.33%) both posted smaller losses.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.04%) is consolidating above its 50-day and 200-day moving average (DMA) lines.

Facebook Inc (FB -$1.22 or -1.57% to $76.67) volume totals have been below average while wedging to new 52-week highs. A new pivot point is cited based on its 7/24/14 high plus 10 cents.  Keep in mind that gains above a stock's pivot point should be backed by at least +40% above average volume to trigger a proper technical buy signal. Without significant volume behind gains for new highs there is little reason to believe that the kind of meaningful buying demand from the institutional crowd is lurking which can lead to a significant advance in price.

It has stubbornly held its ground since gapping up on 7/24/14. Recent lows near $72 area define initial support coinciding with its 50-day moving average DMA line ($71.99). Facebook was last shown in this FSU section on 8/20/14 with annotated graphs under the headline, " Making Limited Headway But Holding Ground Since Gap Up".

It reported earnings +121% on +61% sales revenues for the Jun '14 quarter, its 5th consecutive quarterly comparison with earnings increasing well above the +25% minimum (C criteria). It stayed well above its 200 DMA line during its consolidation after dropped from the Featured Stocks list on 4/04/14 due to weakness. Members were reminded - "Remember that any stock that is sold can always be bought back again later if strength returns."

Its current Up/Down Volume Ratio of 1.2 is an unbiased bullish indication its shares have been under accumulation over the past 50 days. The high-ranked Internet - Content group leader has seen the number of top-rated funds owning its shares rise from 1,116 in Dec '12 to 2,211 in Jun '14, a reassuring sign concerning the I criteria. However, members were previously warned - "Keep in mind that its large supply of 2.54 billion shares in the public float makes it an unlikely sprinter, especially as it is already well known by the institutional crowd and the general public."

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	$232.61	-0.36 -0.15%	$234.00	1,617,430 69.00% of 50 DAV 50 DAV is 2,344,000	$233.34 -0.31%	6/20/2014	$216.53	PP = $230.87
								MB = $242.41
Most Recent Note - 9/3/2014 5:54:38 PM Y - Touched a new 52-week high today while trading very light volume but it finished with a small loss. Subsequent volume-driven gains to new highs may trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Quietly Perched Within Striking Distance of 52-Week High - 8/28/2014 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
AFSI - NASDAQ Amtrust Financial Svcs INSURANCE - Property and; Casualty Insurance	$42.21	-0.92 -2.13%	$43.17	503,166 98.87% of 50 DAV 50 DAV is 508,900	$47.10 -10.38%	5/21/2014	$44.85	PP = $44.85
								MB = $47.09
Most Recent Note - 9/8/2014 6:24:37 PM G - Churned above average volume without making price progress recently, a sign of distributional pressure. Relative Strength Rating is currently 72, below the 80+ minimum guideline for buy candidates. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Distributional Action; Sub Par Relative Strength Remains Concern - 9/8/2014 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
BITA - NYSE Bitauto Hldgs Ltd Ads Internet-Content	$82.44	-10.63 -11.42%	$93.44	4,358,894 302.07% of 50 DAV 50 DAV is 1,443,000	$98.28 -16.12%	6/26/2014	$46.20	PP = $47.03
								MB = $49.38
Most Recent Note - 9/9/2014 6:18:24 PM G - Considerable loss today with heavy volume, enduring distributional pressure and finishing near the session low. Fundamentals remain strong. Noted repeatedly with caution - "Has the look of a 'climax run' with volume-driven gains getting very extended from its prior base." >>> FEATURED STOCK ARTICLE : Finished Near Session Low - Noted With Look of "Climax Run" - 8/27/2014 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$93.42	-1.11 -1.17%	$95.19	83,521 48.56% of 50 DAV 50 DAV is 172,000	$102.51 -8.87%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 9/3/2014 5:52:53 PM G - Little resistance remains due to overhead supply while perched within close striking distance of its 52-week high with volume totals cooling in recent weeks. Reported earnings +37% on +21% sales revenues for the Jun '14 quarter, an improvement after 2 sub par quarterly earnings comparisons. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Forming New Base But Fundamental Flaws Remain a Concern - 9/3/2014 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
FB - NASDAQ Facebook Inc Cl A INTERNET	$76.67	-1.22 -1.57%	$78.17	28,829,253 78.14% of 50 DAV 50 DAV is 36,893,000	$78.17 -1.92%	9/9/2014	$76.67	PP = $76.84
								MB = $80.68
Most Recent Note - 9/9/2014 6:59:43 PM Y - Color code is changed to yellow with new pivot point cited based on its 7/24/14 high plus 10 cents. Recent gains lacked great volume conviction while gains above a stock's pivot point must have at least +40% above averages volume to trigger a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs. Prior highs in the $72 area define initial support along with its 50 DMA line. >>> FEATURED STOCK ARTICLE : Wedging Gains Not Indicative of Institutional Conviction - 9/9/2014 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
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
NXPI - NASDAQ Nxp Semiconductors N V ELECTRONICS - Semiconductor - Broad Line	$70.02	-1.17 -1.64%	$73.09	9,013,945 295.15% of 50 DAV 50 DAV is 3,054,000	$72.18 -2.99%	8/29/2014	$68.50	PP = $67.89
								MB = $71.28
Most Recent Note - 9/9/2014 12:17:26 PM Y - Pulling back today following a streak of 8 consecutive gains for new 52-week highs. It remains below its "max buy" level. No overhead supply remains to act as resistance. Prior highs in the $67 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Gap Up For New High With Volume Triggered Technical Buy Signal - 8/29/2014 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
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$89.28	-0.70 -0.78%	$91.28	2,444,660 170.96% of 50 DAV 50 DAV is 1,430,000	$92.70 -3.69%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 9/9/2014 7:13:50 PM Y - Erased a gain to finish with a loss today with above average volume. No resistance remains due to overhead supply. Subsequent violations of the 50 DMA line or the 8/28/14 low ($79.71) would trigger technical sell signals. Reported earnings +43% on +59% sales revenues for the Jul '14 quarter, continuing its strong earnings history satisfying the C criteria. >>> FEATURED STOCK ARTICLE : Pulling Back Following New Technical Breakout - 9/4/2014 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
STRT - NASDAQ Strattec Security Corp AUTOMOTIVE - Auto Parts	$85.80	-0.38 -0.44%	$86.82	20,143 67.14% of 50 DAV 50 DAV is 30,000	$89.87 -4.53%	8/22/2014	$71.47	PP = $73.97
								MB = $77.67
Most Recent Note - 9/9/2014 7:02:24 PM G - Perched at its 52-week high, pausing today after 3 consecutive gains. Extended from its prior base. Prior highs near $74 define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Small Supply of Shares and Perched Near All-Time Highs - 8/22/2014 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
TARO - NYSE Taro Pharmaceutical Inds DRUGS - Drug Manufacturers - Other	$152.33	-2.65 -1.71%	$155.29	72,783 80.87% of 50 DAV 50 DAV is 90,000	$165.30 -7.85%	7/30/2014	$144.24	PP = $149.99
								MB = $157.49
Most Recent Note - 9/4/2014 12:47:30 PM G - Churning above average volume perched at its 52-week high, enduring distributional pressure. Previously noted with caution - "Extended from any sound base. Recently reported earnings for the Jun '14 quarter below the +25% minimum earnings guideline (C criteria) raising fundamental concerns." >>> FEATURED STOCK ARTICLE : Churning Action Indicative of Distributional Pressure - 9/2/2014 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
TRN - NYSE Trinity Industries Inc TRANSPORTATION - Railroads	$47.90	-0.71 -1.46%	$48.89	2,493,410 99.14% of 50 DAV 50 DAV is 2,515,000	$50.43 -5.02%	4/30/2014	$37.79	PP = $38.03
								MB = $39.93
Most Recent Note - 9/9/2014 7:04:41 PM G - Pulled back today with higher volume. There was a "negative reversal" at its 52-week high on 9/03/14. It has not formed a sound base. Prior highs near $46-47 define near-term support above its 50 DMA line. >>> FEATURED STOCK ARTICLE : Rallying Into New High Territory Without Forming New Base - 8/25/2014 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$70.60	-2.09 -2.88%	$72.86	2,225,263 94.65% of 50 DAV 50 DAV is 2,351,000	$73.42 -3.84%	7/10/2014	$58.50	PP = $60.79
								MB = $63.83
Most Recent Note - 9/9/2014 7:08:21 PM G - Finished near the session low today with a loss on higher volume indicative of distributional pressure. No resistance remains due to overhead supply. Fundamental concerns were raised by earnings reported +0% on +34% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), yet the company raised its guidance. >>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time Highs Despite Fundamental Concerns - 8/26/2014 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	$94.67	-1.52 -1.58%	$96.47	430,736 85.46% of 50 DAV 50 DAV is 504,000	$98.44 -3.83%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 9/9/2014 7:10:04 PM G - Consolidating above prior highs in the $92 area defining support above its 50 DMA line. Subsequent violations would raise greater concerns and trigger technical sell signals. Technical strength has continued despite having reported earnings +11% on +6% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Technically Strong Despite Fundamental Concerns Raised By Most Current Quarterly Earnings - 8/21/2014 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
YY - NASDAQ YY Inc Ads INTERNET - Internet Service Providers	$93.00	-2.89 -3.01%	$96.39	1,899,879 133.23% of 50 DAV 50 DAV is 1,426,000	$96.33 -3.46%	8/19/2014	$85.81	PP = $91.03
								MB = $95.58
Most Recent Note - 9/8/2014 6:27:29 PM G - Hit another new 52-week high with today's volume-driven gain and rallied beyond its "max buy" level. Getting extended from its prior base, its color code is changed to green. Prior highs near $90 define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Perched at High After Triggering Technical Buy Signal - 9/5/2014 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