Stocks were mostly higher on Wednesday's session. The Dow rose 118 points to 16,518. The S&P 500 was up 10 points to 1,878. The NASDAQ retreated 13 points to 4,067. The volume was reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly a 2-1 margin on the NYSE, meanwhile on the Nasdaq exchange decliners outnumbered advancers by a 5-4 margin. There were 31 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, near the total of 32 stocks on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows outnumbered new highs on the Nasdaq exchange. There were gains for 5 of the 6 high-ranked companies currently included on the Featured Stocks Page. For the Market (M criteria) to earn the label of returning to a "confirmed uptrend" gains from at least one of the major averages into new high territory would be a welcome reassurance. Then, new buying efforts should be selective and only focused in stocks meeting all key criteria of the fact-based investment system. Keep in mind that any sustained and meaningful market advance requires leadership - a healthy crop of stocks hitting new 52-week highs.

PICTURED: The benchmark S&P 500 Index is consolidating above its 50-day moving average (DMA) line. It finished -0.67% off its best ever close (1,890.90 on 4/02/14).

Financial stocks were a positive influence on the major averages on Wednesday as the Broker/Dealer Index ($XBD +0.95%) and the Bank Index ($BKX +1.21%) posted gains. The Retail Index ($RLX -0.69%) was a negative influence with its modest loss. The Biotechnology Index ($BTK -1.00%) led the tech sector lower while the Networking Index ($NWX -0.10%) and the Semiconductor Index ($SOX +0.09%) finished flat. Energy-related shares had a positive bias as the Integrated Oil Index ($XOI +0.48%) and the Oil Services Index ($OSX +0.75%) posted modest gains. Meanwhile, the Gold & Silver Index ($XAU -2.15%) was a standout decliner.

 Charts courtesy www.stockcharts.com

PICTURED: The Retail Index's ($RLX -0.69%) latest losses have it hitting new 2014 lows. The weakness is a cause for concern because it suggests that consumers may not be doing as much spending as previously expected.

Keep in mind that 3 out of 4 stocks tend to move in the same direction of the major averages (M criteria) and confirming gains from the major averages are still needed as reassurance the broader market is strong. Members are also reminded that disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.

Fundamentals remain strong for the high-ranked Apparel - Clothing Manufacturing firm. ICON reported earnings +33% on +11% sales revenues for the quarter ended March 31, 2014 versus the year ago period marking its 5th consecutive quarterly earnings increase above the +25% guideline (C criteria). Its annual earnings (A criteria) history has been steady. It has earned a 95 Earnings Per Share Rating (EPS) which suggests that its recent earnings growth history has been stellar. Its Relative Strength rating is 86, above the 80+ minimum rank for buy candidates under the fact-based system.

The number of top-rated funds owning its shares fell from 359 in Sep '13 to 346 in Mar '14, not a reassuring sign concerning the I criteria. The stock has shown resilience and strength since last shown in this FSU section on 4/24/14 with annotated graphs under the headline, "Rebound Above 50-Day Average Needed to Improve Outlook".  

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	$75.89	+0.64 0.85%	$76.25	260,741 118.52% of 50 DAV 50 DAV is 220,000	$78.67 -3.53%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 5/6/2014 6:21:27 PM G - Still hovering near its all-time high. Completed a new Public Offering of 10.75 Million common units on 5/01/14. Fundamental concerns remain. Its 50 DMA line ($70.27) defines near-term support where a violation may trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Stength Contiunues; Earnings Below +25% Minimum Guideline for a 2nd Quarter - 4/28/2014 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
GNRC - NYSE Generac Hldgs Inc Electrical-Power/Equipmt	$53.53	+0.83 1.57%	$53.87	1,269,304 194.29% of 50 DAV 50 DAV is 653,300	$62.50 -14.35%	2/14/2014	$56.50	PP = $57.39
								MB = $60.26
Most Recent Note - 5/5/2014 9:31:24 PM G - Reported earnings -40% on -14% sales for the Mar '14 quarter raising fundamental concerns, and it violated support at its 50 DMA line on 5/01/14 with a volume-driven loss triggering technical sell signals. See the latest FSU analysis for more details and a new annotated daily graph. >>> FEATURED STOCK ARTICLE : Fundamental and Technical Deterioration Raised Concerns - 5/5/2014 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
ICON - NASDAQ Iconix Brand Group Inc CONSUMER NON-DURABLES - Textile - Apparel Footwear	$41.97	+0.24 0.58%	$42.03	707,203 123.64% of 50 DAV 50 DAV is 572,000	$43.34 -3.16%	4/30/2014	$42.50	PP = $42.57
								MB = $44.70
Most Recent Note - 5/7/2014 5:44:42 PM Y - Halted its slide today after 4 consecutive small losses. Confirming gains with above average volume could trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Stalled After Hitting a New 52-Week High - 5/7/2014 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	$81.43	-5.03 -5.82%	$88.96	74,049 97.43% of 50 DAV 50 DAV is 76,000	$88.20 -7.68%	5/6/2014	$86.46	PP = $87.50
								MB = $91.88
Most Recent Note - 5/7/2014 3:55:31 PM Y - Touched another new 52-week high today but reversed into the red for a big loss but with light volume. Color code was changed to yellow with new pivot point cited based upon its 3/11/14 high plus 10 cents. Gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. No resistance remains due to overhead supply. The 50 DMA line defines near-term support to watch. See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Hitting New 52-Week High and New Pivot Point Cited - 5/6/2014 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	$78.16	+0.49 0.63%	$78.37	1,594,131 126.62% of 50 DAV 50 DAV is 1,259,000	$78.91 -0.95%	4/30/2014	$75.57	PP = $76.05
								MB = $79.85
Most Recent Note - 5/6/2014 6:25:19 PM Y - Hit another new 52-week high with today's gain above its pivot point backed by +86% above average volume while approaching its "max buy" level. Prior highs in the $75-76 area define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Finished Near Session Lows After Encountering Distributional Pressure - 4/30/2014 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
WLK - NYSE Westlake Chemical Corp CHEMICALS - Specialty Chemicals	$77.01	+0.28 0.36%	$77.64	930,044 135.57% of 50 DAV 50 DAV is 686,000	$77.51 -0.65%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 5/6/2014 6:27:59 PM G - Hit yet another new 52-week high while rallying further above its "max buy" level with today's considerable gain adding to its recent spurt of volume-driven gains. Prior highs in the $69 area define near-term support to watch. Reported +28% earnings on +19% sales for the Mar '14 quarter. >>> FEATURED STOCK ARTICLE : Technical Breakout From Double Bottom Base Pattern - 4/29/2014 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