Stocks took a breather on Wednesday's session and ended with modest losses. The volume totals were reported lighter than the prior session totals on both the NYSE and on the Nasdaq exchange.  Advancers and decliners were just about evenly matched on the NYSE but decliners led advancers by a 9-4 margin on the Nasdaq exchange. There were 26 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up a notch from the total of 25 stocks on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. None of the 4 high-ranked companies currently included on the Featured Stocks Page posted gains. The Market (M criteria) pullback earned the label of a "correction" as a result of recent pressure on the indices. Graphs in the commentary following last Thursday's action (read here) illustrated that recent weeks have been especially tough on many stocks which were high-ranked leaders in the previous rally. This is precisely how the fact-based investment system prompts investors to reduce their overall market exposure during weak periods.

The Dow was off 12 points to 16501. The S&P 500 snapped a six-day winning streak as it declined 4 points to 1,875. The NASDAQ lost 34 points to 4,126.

PICTURED: The Nasdaq Composite Index recently found support at its 200-day moving average (DMA) line and near prior lows.

The Retail Index ($RLX -1.00%) was a negative influence on the major averages and the Broker/Dealer Index ($XBD -0.61%) edged lower while the Bank Index ($BKX +0.50%) posted a small gain. The Biotechnology Index ($BTK -1.63%) led the tech sector's retreat while the Networking Index ($NWX -0.49%) suffered a smaller loss and the Semiconductor Index ($SOX -0.12%) edged lower. The Oil Services Index ($OSX +0.40%) posted a small gain. The Gold & Silver Index ($XAU +2.01%) was a standout gainer.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +0.05%) finished flat, yet it has distanced itself from prior highs after rallying considerably in April.

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	$75.76	-0.76 -0.99%	$77.77	118,121 103.61% of 50 DAV 50 DAV is 114,000	$77.73 -2.53%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 4/22/2014 5:52:58 PM G - Rallied for yet another new all-time high today. 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. >>> 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	$58.75	+0.00 0.00%	$59.86	580,392 79.07% of 50 DAV 50 DAV is 734,000	$62.50 -6.00%	2/14/2014	$56.50	PP = $57.39
								MB = $60.26
Most Recent Note - 4/21/2014 5:42:02 PM Y - Finding support near its 50 DMA line and prior highs in the $57 area recently. More damaging losses below its recent low ($55.27 on 4/14/14) would raise greater concerns. >>> 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	$38.72	-0.09 -0.23%	$39.10	592,306 102.65% of 50 DAV 50 DAV is 577,000	$42.47 -8.82%	3/7/2014	$41.46	PP = $40.88
								MB = $42.92
Most Recent Note - 4/21/2014 5:39:39 PM G - Finished near the session high with near average volume behind its gain today. Halted its slide above its 200 DMA line but recent gains came on very light volume. Its Relative Strength rating improved to 84, above the 80+ minimum rank for buy candidates under the fact-based system. A rebound above the 50 DMA line is needed to help its outlook. >>> 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	$80.51	-1.65 -2.01%	$82.32	80,193 123.37% of 50 DAV 50 DAV is 65,000	$87.40 -7.88%	2/28/2014	$74.65	PP = $76.93
								MB = $80.78
Most Recent Note - 4/21/2014 5:36:49 PM G- Rallied beyond its "max buy" level with today's 6th consecutive gain and its color code is changed to green. The recent low ($66.03 on 4/07/14) defines important near-term support below the 50 DMA line where further deterioration would raise greater concerns. >>> FEATURED STOCK ARTICLE : Halted Slide After Slump Below 50-Day Moving Average - 4/14/2014 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