The Biotechnology Index ($BTK -2.42%) led the tech sector retreat while the Semiconductor Index ($SOX -1.55%) and the Networking Index ($NWX -1.35%) also fell. Financial shares weighed on the major averages as the Broker/Dealer Index ($XBD -1.96%) and the Bank Index ($BKX -1.12%) faced pressure.  The Retail Index ($RLX -1.50%) also was a negative influence on the major averages.  The Gold & Silver Index ($XAU -1.74%) lost ground, meanwhile energy-relaterd shares did a better job of holding their ground as the Oil Services Index ($OSX -0.30%) and the Integrated Oil Index ($XOI -0.19%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -1.96%) undercut its February low and tested support at its longer-term 200-day moving average (DMA) line. The action in financial stocks has deteriorated further since regular readers of this report were recently reminded yet again - "Weak action in financial stocks does not bode well for the broader market outlook because the financial groups are usually reliable leading indicators. The major averages have been prone to large downdrafts in the past when financial groups were weak. Further deterioration in financial stocks would raise a caution flag and serve as a reminder for investors to reduce market exposure."

Generac Hldgs Inc (GNRC  -$1.49 or -2.59% to $56.00) raised concerns and its color code was changed to green as it finished just below its 50-day moving average (DMA) line after undercutting prior highs in the $57 area. More damaging losses below its recent low ($55.65 on 4/07/14) would raise even greater concerns. It was last shown in this FSU section on 3/31/14 with annotated graphs under the headline, "Perched Near Highs With Mostly Quiet Volume Totals". It did not showing compelling evidence of recent institutional accumulation and made limited headway above prior resistance in the $57 area. The volume totals have not been above average behind its recent gains since its big gap up gain on 2/13/14. Members were previously cautioned - "Volume should be at least +40% above average as a stock rallies above its pivot point to trigger a proper technical buy signal." 

It made limited progress since 2/14/14 mid-day report (read here) when highlighted in yellow as it returned to the Featured Stocks list with a new pivot point based on its 1/06/14 high plus 10 cents. Members were previously reminded - "It may likely encounter resistance near prior highs, however, any more convincing volume-driven gains into new high territory may confirm a new technical buy signal."

The high-ranked Electrical - Power/Equipment firm reported earnings +28% on +10% sales revenues for the Dec '13 quarter, continuing its strong earnings history satisfying the C criteria. However, sequential deceleration in the sales revenues growth rate is a cause for concern. Also, consensus estimates are calling for FY '14 earnings down -13%, and its currently low P/E valuation (0.8 X SP) suggests that the market has a timid outlook for future growth. Disciplined investors always limit losses by selling if any stock falls more than -7% from their purchase price.

GNRC has seen little change lately in the number of top-rated funds owning its shares, actually falling slightly from 437 in Sep '13, to 434 in Mar '14. However, its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small float of only 42.6 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

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	$71.03	+0.11 0.16%	$71.72	116,417 103.02% of 50 DAV 50 DAV is 113,000	$73.43 -3.27%	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	$56.00	-1.49 -2.59%	$57.45	687,799 86.19% of 50 DAV 50 DAV is 798,000	$62.50 -10.40%	2/14/2014	$56.50	PP = $57.39
								MB = $60.26
Most Recent Note - 4/11/2014 6:09:47 PM G - Finished just below its 50 DMA line after undercutting prior highs in the $57 area and its color code is changed to green. More damaging losses below its recent low ($55.65 on 4/07/14) would raise greater concerns. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Finished Just Below its 50-Day Average Line - 4/11/2014 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
ICON - NASDAQ Iconix Brand Group Inc CONSUMER NON-DURABLES - Textile - Apparel Footwear	$37.16	-0.53 -1.41%	$37.59	264,053 43.03% of 50 DAV 50 DAV is 613,700	$42.47 -12.50%	3/7/2014	$41.46	PP = $40.88
								MB = $42.92
Most Recent Note - 4/10/2014 5:24:37 PM G - Recently violated its 50 DMA line and prior low triggering technical sell signals. A rebound above the 50 DMA line would help its outlook. See the latest FSU analysis for more details with new annotated graphs. >>> FEATURED STOCK ARTICLE : Violated 50-Day Average and Relative Strength Rank Fell - 4/10/2014 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
PSIX - NASDAQ Power Solutions Intl Inc Machinery-Gen Industrial	$71.50	+0.09 0.13%	$73.50	84,465 134.07% of 50 DAV 50 DAV is 63,000	$87.40 -18.19%	2/28/2014	$74.65	PP = $76.93
								MB = $80.78
Most Recent Note - 4/11/2014 6:11:19 PM G - Finished the week below its 50 DMA line and its color code is changed to green. The recent low ($66.03 on 4/07/14) 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	$58.58	+0.03 0.05%	$59.20	80,444 99.31% of 50 DAV 50 DAV is 81,000	$73.44 -20.23%	12/23/2013	$44.62	PP = $46.25
								MB = $48.56
Most Recent Note - 4/10/2014 5:27:32 PM G - Slumped under the recent low ($58.12 on 3/26/14) intra-day yet halted its slide and closed near the middle of the session's trading range. A rebound above its 50 DMA line is needed to help its outlook improve. >>> 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