The major averages posted big gains on Wednesday. However, the volume totals behind the gains were reported lighter on the NYSE and on the Nasdaq exchange, again a sign of lackluster buying demand coming from the institutional crowd. Advancers led decliners by nearly a 3-1 margin on the NYSE and on the Nasdaq exchange. There were 15 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the total of 9 stocks on the prior session. The list of stocks hitting new 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 4 of the 5 high-ranked companies currently included on the Featured Stocks Page, a list that has grown shorter as numerous leaders have broken down in recent weeks.  The Market (M criteria) pullback earned the label of a "correction" as a result of recent pressure on the indices, especially the tech-heavy Nasdaq Composite Index, coupled with waning leadership (fewer stocks hitting new 52-week highs).  Investors are reminded to limit losses by always 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 their overall market exposure during weak periods.

PICTURED: The Dow Jones Industrial Average tallied a gain while consolidating above its 50-day moving average (DMA) line. Deterioration below that important short-term average by the Blue Chip index would add emphasis on the importance for investors to use caution and currently aim toward reducing market exposure.

The Broker/Dealer Index ($XBD +1.39%) and Bank Index ($BKX +0.51%) posted gains on Wednesday along with the influential  Retail Index ($RLX +1.13%).  Tech shares had a positive bias as the Networking Index ($NWX +0.99%) and the Semiconductor Index ($SOX +1.13%) posted gains.  The Gold & Silver Index ($XAU +0.61%) edged higher and the Integrated Oil Index ($XOI +1.13%) posted a solid gain while the Oil Services Index ($OSX +0.08%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +3.82%) was a standout gainer on Wednesday, however it is still consolidating below its 50-day moving average (DMA) line.

E Q T Midstream Partners (EQM +$0.22 or +0.31% to $71.44) has been stubbornly holding its ground and making gradual progress since reporting earnings -2% on +22% sales revenues for the Dec '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its 50-day moving average (DMA) line ($66.44 now) defines near-term support where a violation may trigger a technical sell signal. Its last appearance in this FSU section was on 3/21/14 under the headline, "Hit New Highs But Fundamental Concerns Remain".

It traded up as much as +38.1% since first highlighted in yellow in the 12/12/13 mid-day report (read here) with new pivot point cited based on its 11/18/13 high plus 10 cents. The fact-based system suggests watching for technical sell signals rather than selling purely on fundmentals, yet is wise to sometimes lock in gains at the +20% level. For those watching it and still giving it the benefit of the doubt, recent lows in the $63 area define near-term support below its 50 DMA line where subsequent violations may trigger more worrisome technical sell signals.

It completed a new Public Offering on 7/16/13, then made gradual progress afterward. This MLP in the Natural Gas business has seen the number of top-rated funds owning its shares rise from 20 in Jun '12 to 49 in Dec '13, a reassuring sign concerning the I criteria. Its Up/Down Volume Ratio of 1.3 is 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$71.44	+0.22 0.31%	$71.58	35,713 31.33% of 50 DAV 50 DAV is 114,000	$73.43 -2.71%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 4/9/2014 5:23:14 PM G - Still holding its ground and in strong shape, technically, despite fundamental concerns recently noted. Its 50 DMA line defines near-term support where a violation may trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Technical Strength Continues Despite Fundamental Concerns - 4/9/2014 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
GNRC - NYSE Generac Hldgs Inc Electrical-Power/Equipmt	$58.87	+0.86 1.48%	$59.06	312,675 38.46% of 50 DAV 50 DAV is 813,000	$62.50 -5.81%	2/14/2014	$56.50	PP = $57.39
								MB = $60.26
Most Recent Note - 4/8/2014 6:27:04 PM Y - Finding support at its 50 DMA line and near prior highs in the $57 area. More damaging losses below its recent low ($56.38 on 3/27/14) would raise greater concerns. >>> FEATURED STOCK ARTICLE : Perched Near Highs With Mostly Quiet Volume Totals - 3/31/2014 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	$38.01	+0.22 0.57%	$38.06	196,588 31.92% of 50 DAV 50 DAV is 615,900	$42.47 -10.49%	3/7/2014	$41.46	PP = $40.88
								MB = $42.92
Most Recent Note - 4/4/2014 7:16:06 PM G - Color code is changed to green after a loss on near average volume violated its 50 DMA line and prior low. The deterioration raised greater concerns and triggered a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook. >>> FEATURED STOCK ARTICLE : Falling Back Under Prior Highs Raises Concerns - 3/25/2014 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
PSIX - NASDAQ Power Solutions Intl Inc Machinery-Gen Industrial	$73.99	-0.01 -0.01%	$74.21	48,276 75.43% of 50 DAV 50 DAV is 64,000	$87.40 -15.34%	2/28/2014	$74.65	PP = $76.93
								MB = $80.78
Most Recent Note - 4/8/2014 6:22:05 PM Y - Rebounded above its 50 DMA line with today's volume-driven gain and its color code is changed to yellow. The prior session's low ($66.03) defines important near-term support where further deterioration would raise greater concerns. >>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Average After Dip Back Into Prior Base - 4/1/2014 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
SILC - NASDAQ Silicom Ltd COMPUTER HARDWARE - Networking andamp; Communication Dev	$60.61	+1.18 1.99%	$60.99	57,011 69.53% of 50 DAV 50 DAV is 82,000	$73.44 -17.47%	12/23/2013	$44.62	PP = $46.25
								MB = $48.56
Most Recent Note - 4/4/2014 12:46:41 PM G - Slumping today near a recent low ($58.12 on 3/26/14) where a violation may trigger a more worrisome technical sell signal. Halted its slide following a damaging 50 DMA line violation last week. A rebound above that important short-term average would help its outlook improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Halted Slide Following 50-Day Moving Average Violation - 4/3/2014 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
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