For the week, the Dow was up +0.4% while the S&P 500 declined -0.1% and the NASDAQ fell -1.3%. On Friday's session the major averages ended a choppy trading session in positive territory. The volume was reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, revealing a lack of institutional buying demand. Breadth was positive as advancers led decliners by a 2-1 margin on the Nasdaq exchange and an 8-7 margin on the NYSE. There were 18 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 total of 36 stocks on the prior session. New 52-week highs narrowly outnumbered new 52-week lows on the NYSE while new lows outnumbered new highs on the Nasdaq exchange. There were gains for 4 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 Nasdaq Composite Index is consolidating above its 200-day moving average (DMA) line and prior lows defining near term support.

The Retail Index ($RLX +1.26%) rose and had a positive influence on the major averages and financial shares edged higher as the Broker/Dealer Index ($XBD +0.48%) edged higher and the Bank Index ($BKX -0.10%) finished with a small loss. Commodity-linked groups edged lower as the Gold & Silver Index ($XAU -0.59%), Oil Services Index ($OSX -0.51%), and the Integrated Oil Index ($XOI -0.29%) edged lower.  The Biotechnology Index ($BTK +2.17%) led the tech sector while the Networking Index ($NWX -0.36%) and the Semiconductor Index ($SOX -0.32%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.10%) is consolidating above support at its 200-day moving average (DMA) line. Further deterioration below that long-term average would not bode well for the broader market outlook.

Air Lease Corp (AL +$1.52 or +4.08% to $38.74) was highlighted in yellow with pivot point based on its 3/21/14 high plus 10 cents in the earlier mid-day report (read here). It gapped up and hit a new 52-week high, and its strong finish backed by +119% above average volume clinched a convincing technical buy signal.  Disciplined investors always avoid chasing stocks more than +5% above their pivot point and always limit losses by selling if any stock falls more than -7% from their purchase price.

It reported earnings +30% on +28% sales revenues for the Mar '14 quarter, and 3 of the past 4 quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria). Since dropped from the Featured Stocks list.and noted with caution on 6/21/13 it found support near its 200-day moving average (DMA) line then rallied to new highs. It completed a Secondary Offering on 11/21/13 and an earlier Secondary Offering on 5/31/13. The Commercial Services - Leasing firm has seen the number of top-rated funds owning its shares rise from 177 in Sep '12 to 241 in Mar '14, which is reassuring concerning the I criteria. 

Its earnings Per Share Rank is 97, well above the 80+ minimum for buy candidates. Its Relative Strength Rating of 91 is above the 80+ minimum guideline. Those ratings had slumped below the minimum threshold when AL was last shown in this FSU section on 6/17/13 with an annotated graph under the headline, "Faltering Fundamental and Technical Characteristics Raise Concerns". 

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
AL - NYSE Air Lease Corp Cl A DIVERSIFIED SERVICES - Rental and Leasing Services	$38.74	+1.52 4.08%	$40.36	1,543,670 218.65% of 50 DAV 50 DAV is 706,000	$38.15 1.55%	5/9/2014	$38.27	PP = $38.25
								MB = $40.16
Most Recent Note - 5/9/2014 7:04:46 PM Y - Finished above its pivot point with today's gap up gain backed by +119% above average volume. It was highlighted in yellow with pivot point based on its 3/21/14 high plus 10 cents in the earlier mid-day report (read here). It completed a Secondary Offering on 11/21/13 and an earlier Secondary Offering on 5/31/13. Reported earnings +30% on +28% sales revenues for the Mar '14 quarter, and 3 of the past 4 quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria). Since dropped from the Featured Stocks list and noted with caution on 6/21/13 it found support near its 200 DMA line then rallied to new highs. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Volume Heavy Following Gap Up Gain for New 52-Week High - 5/9/2014 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$76.37	+0.31 0.41%	$76.60	190,346 83.85% of 50 DAV 50 DAV is 227,000	$78.67 -2.92%	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
ICON - NASDAQ Iconix Brand Group Inc CONSUMER NON-DURABLES - Textile - Apparel Footwear	$41.41	+0.19 0.46%	$41.85	347,266 59.77% of 50 DAV 50 DAV is 581,000	$43.34 -4.45%	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	$74.00	-4.44 -5.66%	$78.56	233,707 299.62% of 50 DAV 50 DAV is 78,000	$88.96 -16.82%	5/6/2014	$86.46	PP = $87.50
								MB = $91.88
Most Recent Note - 5/9/2014 1:17:53 PM G - Violated its 50 DMA line today triggering a technical sell signal while on track for a 3rd consecutive loss with ever-increasing volume indicating distributional pressure. There was a "negative reversal" on the 5/07/14 after touching a new 52-week high. Did not trigger a new (or add-on) technical buy signal since a new pivot point was cited on Tuesday. >>> 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	$78.35	+0.03 0.04%	$78.84	1,469,765 117.86% of 50 DAV 50 DAV is 1,247,000	$79.87 -1.90%	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	$74.75	-0.89 -1.18%	$75.78	922,174 134.23% of 50 DAV 50 DAV is 687,000	$77.64 -3.72%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 5/8/2014 6:29:39 PM G - Pulled back from its 52-week high today after 4 consecutive 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 : Extended From Base Following Volume Driven Gains - 5/8/2014 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