Despite Friday's gains, the Dow Jones Industrial Average snapped a two-week winning streak as it declined -0.6%, still finishing above its 50-day moving average (DMA) line. The S&P 500 Index was down less than -0.1% on the week. The Nasdaq Composite Index managed to finish with a weekly gain of +0.5%.  The volume was reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange.  Breadth was positive as advancers led decliners by a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 10 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 5 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 all 6 high-ranked companies currently included on the Featured Stocks Page. It was recently noted that the Dow Jones Industrial Average and S&P 500 Index both tallied gains into new high territory. Technically that is favorable, however, uncertain market action overall has led the newspaper to still hold off from officially shifting its view that the market direction (M criteria) is back in a "confirmed uptrend". While awaiting a more definitive read on the market any new buying efforts should be very 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 S&P 500 Index remains above its 50-day moving average (DMA) line and perched -1.3%off its all-time high hit on Tuesday.
The

The Retail Index ($RLX +1.21%) posted a gain on Friday and was a positive influence on the major averages. The Bank Index ($BKX -0.22%) edged lower while the Broker/Dealer Index ($XBD +0.32%) eked out a small gain. The Semiconductor Index ($SOX +1.05%) led the tech sector higher, meanwhile the Networking Index ($NWX -0.48%) and the Biotechnology Index ($BTK -0.28%) edged lower. Commodity-linked groups fell as the Gold & Silver Index ($XAU -0.91%) and Integrated Oil Index ($XOI -0.34%) ended with small losses.

Charts courtesy www.stockcharts.com

PICTURED 1: The Bank Index ($BKX -0.22%) edged lower, failing to rebound above the 200-day moving average (DMA) line.

E Q T Midstream Partners (EQM +$1.11 or +1.45% to $77.85) inched higher today for a best-ever close with a gain on lighter volume. It completed a new Public Offering of 10.75 Million common units on 5/01/14. Fundamental concerns remain after 2 consecutive sub par quarters below the +25% minimum earnings guideline. Its 50-day moving average (DMA) line ($72.01) defines near-term support where a violation may trigger a technical sell signal. Since its last appearance in this FSU section on 4/28/14 under the headline, "Strength Continues; Earnings Below +25% Minimum Guideline for a 2nd Quarter", it stubbornly held its ground and made gradual progress. It reported earnings +8% on +41% sales revenues for the Mar '14 quarter, a 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Its 50-day moving average (DMA) line ($69.01 now) defines near-term support where a subsequent violation may trigger a technical sell signal.

It is up +46.4% 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, its 50-day moving average (DMA) line defines support for the near term while 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 53 in Mar '14, a reassuring sign concerning the I criteria. Its Up/Down Volume Ratio of 0.5 is an unbiased indication its shares have been under distributional 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
AL - NYSE Air Lease Corp Cl A DIVERSIFIED SERVICES - Rental and Leasing Services	$38.37	-0.09 -0.23%	$38.61	596,825 84.90% of 50 DAV 50 DAV is 703,000	$40.36 -4.93%	5/9/2014	$38.27	PP = $38.25
								MB = $40.16
Most Recent Note - 5/13/2014 5:53:03 PM Y - Small loss today with above average volume. Rallied near its "max buy" level with volume-driven gains. Prior highs near $38 define near-term support to watch on pullbacks. >>> 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	$77.85	+1.11 1.45%	$78.09	118,727 50.52% of 50 DAV 50 DAV is 235,000	$78.67 -1.04%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 5/16/2014 6:15:21 PM G - Inched higher today for a best ever close with a gain on light volume. Completed a new Public Offering of 10.75 Million common units on 5/01/14. Fundamental concerns remain after 2 consecutive sub par quarters below the +25% minimum earnings guideline. 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 : Best Ever Close With Light Volume Gain - 5/16/2014 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
GRFS - NASDAQ Grifols Sa Ads Medical-Ethical Drugs	$40.78	-0.47 -1.14%	$41.59	1,308,937 221.10% of 50 DAV 50 DAV is 592,000	$43.45 -6.14%	5/15/2014	$41.14	PP = $43.55
								MB = $45.73
Most Recent Note - 5/16/2014 12:20:33 PM Y - Consolidating near its 50 DMA line today, pulling back for a 2nd consecutive session with above average volume, indicating distributional pressure. Highlighted in yellow with pivot point cited based on its 3/11/14 high plus 10 cents in the 5/15/14 mid-day report (read here). This Spanish firm from the Medical- Ethical Drugs industry has little resistance remaining due to overhead supply. Subsequent volume-driven gains for new highs are needed to trigger a technical buy signal. Reported earnings +34% on +25% sales revenues for the Mar '14 quarter, marking its 4th consecutive quarter with earnings above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of New Highs - 5/15/2014 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	$41.47	+0.17 0.41%	$41.54	351,460 59.67% of 50 DAV 50 DAV is 589,000	$43.34 -4.31%	4/30/2014	$42.50	PP = $42.57
								MB = $44.70
Most Recent Note - 5/14/2014 5:57:33 PM Y - Reported earnings +33% on +11% sales revenues for the Mar '14 quarter, continuing its streak of earning increases above the +25% minimum guideline (C criteria). Finished in the upper third of its intra-day range today after slumping near its 50 DMA line. A violation of that short-term average would raise concerns and trigger a technical sell signal. Confirming gains above the pivot point with above average volume could trigger a new (or add-on) technical buy signal. >>> 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
TRN - NYSE Trinity Industries Inc TRANSPORTATION - Railroads	$81.09	+0.76 0.95%	$81.49	1,044,941 81.70% of 50 DAV 50 DAV is 1,279,000	$82.04 -1.16%	4/30/2014	$75.57	PP = $76.05
								MB = $79.85
Most Recent Note - 5/13/2014 5:46:36 PM G - Rallied further above its "max buy" level with today's 8th consecutive volume-driven gain. Prior highs in the $75-76 area define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Rose Beyond "Max Buy" Level With 7th Consecutive Gain - 5/12/2014 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	$75.45	+1.42 1.92%	$75.51	628,184 91.71% of 50 DAV 50 DAV is 685,000	$77.64 -2.82%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 5/13/2014 5:47:53 PM G - Quietly consolidating -3.7% off its 52-week high. 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