Stocks finished near their worst levels of the day after a late session rally failed to take hold. Volatility on the exchanges accelerated as the FOMC minutes showed a growing consensus for the Fed to begin reducing the level of bond purchases later in the year. Additionally, the committee discussed potential measures to provide greater control of short-term interest rates. On the economic front, existing home sales in July exceeded estimates, rising to a 3-year high.

All 10 sectors on the S&P finished lower, led by declines in utility stocks. Shares of Duke Energy Corp (DUK -1.47%) to $65.81. On the earnings front, Target Corp (TGT -3.61%) fell after falling short of analysts' estimates on revenues. On the upside, home improvement retailer Lowe’s Companies Inc (LOW +3.92%) rose following their better-than-expected profit tally.

Turning to fixed income markets, Treasuries were lower along the curve. The benchmark 10-year note was down over 1/2 a point to yield 2.89% and the 30-year bond was off over a full point to yield 3.92%.

PICTURED: The S&P 500 Index fell 9 points to 1,642, slumping below its 50-day moving average (DMA) line.

The Retail Index ($RLX -0.83%) outpaced the influential financial indexes to the downside as the Broker/Dealer Index ($XBD -0.72%) and Bank Index ($BKX -0.67%) created a drag on the major averages. The Networking Index ($NWX -1.32%) led the tech sector lower while the Semiconductor Index ($SOX -0.71%) and the Internet Index ($IIX -0.73%) suffered modest losses.  Energy-related shares had a negative bias as the Oil Services Index ($OSX -0.88%) and Integrated Oil Index ($XOI -0.51%) edged lower. The Healthcare Index ($HMO -0.83%) also sputtered lower.  The Gold & Silver Index ($XAU -4.04%) was a standout decliner.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +2.31%) bucked the mostly negative action in the broader market and posted a solid gain.

Pay close attention to stocks that hold up well during corrections and watch for those that are the first ones breaking into new high ground upon any new confirmed rally. Meanwhile, if holding onto current gains, investors should stand ready to reduce exposure before too much damage starts to mount. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price, but sometimes weak technical action may hint that it is a smart time to sell even before losses reach that important maximum loss threshold.

CELG was last shown in this FSU section on 7/29/13 with an annotated graph under the headline, "Extended from Prior Base Following Volume-Driven Gains". CELG reported earnings +25% on +17% sales revenues for the Jun '13 quarter versus the year ago period, maintaining its strong earnings history (C and A criteria). The stock's Accumulation/ Distribution Rating is a B- and it has earned high ranks. The number of top-rated funds owning its shares rose from 1,623 in Dec '11 to 1,963 in Jun '13, a reassuring trend concerning the I criteria.  However, the company is already well-known by the institutional crowd, and that means that very few are likely to just be discovering it.

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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$15.11	-1.01 -6.27%	$16.12	1,435,350 142.64% of 50 DAV 50 DAV is 1,006,300	$19.44 -22.27%	7/15/2013	$17.87	PP = $18.68
								MB = $19.61
Most Recent Note - 8/21/2013 9:15:08 PM Down today with above average volume, finishing near the session low after violating prior lows near $15.50 and triggering more worrisome technical sell signals. It will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
BITA - NYSE Bitauto Hldgs Ltd Ads INTERNET - Internet Information Providers	$14.29	-0.31 -2.12%	$14.79	171,706 86.55% of 50 DAV 50 DAV is 198,400	$18.10 -21.05%	8/7/2013	$12.01	PP = $13.30
								MB = $13.97
Most Recent Note - 8/21/2013 9:19:42 PM G - Found prompt support near prior highs and it is now consolidating well above its 50 DMA line. Disciplined investors always limit losses if any stock falls more than -7-8% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/7/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$137.57	+1.83 1.35%	$139.77	2,670,315 104.61% of 50 DAV 50 DAV is 2,552,600	$149.92 -8.24%	7/11/2013	$133.25	PP = $131.92
								MB = $138.52
Most Recent Note - 8/21/2013 9:42:54 PM Y - Consolidating above prior highs in the $131 area coinciding with its 50 DMA line, defining important chart support. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$96.96	-0.84 -0.86%	$98.18	689,071 103.98% of 50 DAV 50 DAV is 662,700	$100.87 -3.88%	8/19/2013	$99.01	PP = $100.97
								MB = $106.02
Most Recent Note - 8/19/2013 12:13:29 PM Y- Holding its ground in a tight range, it has formed an advanced "3-weeks tight" base, albeit a riskier "late stage" base. New pivot point is cited and its color code is changed to yellow. Keep in mind the M criteria argues against new buying efforts until a new confirmed rally. >>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
GNRC - NYSE Generac Hldgs Inc CONSUMER DURABLES - Electronic Equipment	$41.71	-0.57 -1.35%	$42.45	685,362 63.90% of 50 DAV 50 DAV is 1,072,600	$44.30 -5.85%	7/30/2013	$42.60	PP = $42.10
								MB = $44.21
Most Recent Note - 8/15/2013 7:17:46 PM Y - Holding its ground stubbornly after it recently rallied from an advanced "3-weeks tight" base and priced a Secondary Offering. Disciplined investors always limit losses by selling if any stock falls more than -7% from its purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$71.65	+0.39 0.55%	$72.38	2,396,087 67.88% of 50 DAV 50 DAV is 3,529,800	$72.98 -1.82%	8/6/2013	$69.66	PP = $66.28
								MB = $69.59
Most Recent Note - 8/15/2013 7:19:05 PM G - Holding its ground beyond its "max buy" level. Prior highs in the $66 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$33.29	-0.03 -0.09%	$33.59	176,226 39.40% of 50 DAV 50 DAV is 447,300	$37.17 -10.44%	6/19/2013	$31.47	PP = $34.17
								MB = $35.88
Most Recent Note - 8/21/2013 9:47:50 PM G - Color code is changed to green as it has slumped below its 50 DMA line. Recently reported earnings +15% on +19% sales for the Jun '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 8/14/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$940.20	+7.43 0.80%	$951.00	537,210 75.63% of 50 DAV 50 DAV is 710,300	$994.98 -5.51%	7/8/2013	$878.28	PP = $847.43
								MB = $889.80
Most Recent Note - 8/16/2013 6:57:21 PM G - Consolidating above prior highs, extended from any sound base. Reported earnings +24% on +27% sales revenues for the Jun '13 quarter, just under the +25% minimum earnings guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
PRAA - NASDAQ Portfolio Recovery Assoc DIVERSIFIED SERVICES - Business/Management Services	$54.48	-0.93 -1.68%	$55.20	292,925 56.42% of 50 DAV 50 DAV is 519,200	$57.57 -5.37%	7/31/2013	$51.43	PP = $54.72
								MB = $57.46
Most Recent Note - 8/21/2013 9:53:49 PM Y - Holding its ground near prior highs with volume totals cooling in recent weeks. Any slump below its old high close ($53.86 on 6/17/13) would raise greater concerns as it would completely negate the recent technical breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
PRLB - NYSE Proto Labs Inc MANUFACTURING - Small Tools and Accessories	$70.01	+1.51 2.20%	$71.10	497,401 100.83% of 50 DAV 50 DAV is 493,300	$72.08 -2.87%	7/29/2013	$64.86	PP = $67.50
								MB = $70.88
Most Recent Note - 8/19/2013 12:09:12 PM Y - Recently consolidating above its 50 DMA line with volume totals cooling in recent weeks. That important short-term average and prior lows define important support to watch. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | 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
QCOR - NASDAQ Questcor Pharmaceuticals DRUGS - Biotechnology	$67.83	+2.88 4.43%	$68.89	1,789,870 85.33% of 50 DAV 50 DAV is 2,097,500	$70.55 -3.86%	7/31/2013	$66.46	PP = $59.01
								MB = $61.96
Most Recent Note - 8/21/2013 9:11:57 PM G - Gapped up today for a solid gain, bucking a mostly negative market. It is extended beyond its "max buy" level, consolidating in a tight trading range for the past 3 weeks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
SFUN - NYSE Soufun Hldgs Ltd Ads A INTERNET - Internet Information Providers	$40.67	+0.59 1.47%	$41.31	481,402 97.27% of 50 DAV 50 DAV is 494,900	$42.15 -3.51%	7/16/2013	$29.54	PP = $27.90
								MB = $29.30
Most Recent Note - 8/19/2013 12:00:36 PM G - Rallying near its 52-week high hit last week with today's considerable volume-driven gain. Very extended from its latest base, and prior reports noted - "Disciplined investors avoid chasing stocks too extended from sound bases." >>> The latest Featured Stock Update with an annotated graph appeared on 8/8/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
SSNC - NASDAQ S S & C Technologies COMPUTER SOFTWARE and SERVICES - Application Software	$35.35	-0.08 -0.23%	$35.74	160,237 37.98% of 50 DAV 50 DAV is 421,900	$38.80 -8.89%	7/11/2013	$35.80	PP = $34.54
								MB = $36.27
Most Recent Note - 8/16/2013 6:58:24 PM Y - Still trading above its 50 DMA line and prior highs in the $34 area defining important support. Disciplined investors always limit losses if ever any stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
SSYS - NASDAQ Stratasys Ltd COMPUTER HARDWARE - Computer Peripherals	$104.51	-0.61 -0.58%	$105.16	507,313 61.16% of 50 DAV 50 DAV is 829,500	$104.34 0.16%	7/8/2013	$91.44	PP = $95.00
								MB = $99.75
Most Recent Note - 8/19/2013 12:02:45 PM G - Considerable gain today for a new 52-week high, rallying above its "max buy" level again, and its color code is changed to green >>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
STMP - NASDAQ Stamps.Com Inc INTERNET - Internet Software and Services	$41.02	+0.22 0.54%	$41.39	57,509 43.05% of 50 DAV 50 DAV is 133,600	$46.47 -11.73%	7/31/2013	$40.00	PP = $42.98
								MB = $45.13
Most Recent Note - 8/21/2013 9:46:11 PM Y - Recently found support at its 50 DMA line. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. Any stock which is sold can be bought again later if strength returns. >>> The latest Featured Stock Update with an annotated graph appeared on 7/31/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$99.77	-1.76 -1.73%	$101.61	1,526,411 95.41% of 50 DAV 50 DAV is 1,599,900	$105.40 -5.34%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 8/15/2013 7:10:07 PM G- Holding its ground after rallying into new 52-week high territory with 9 gains in the span of 10 sessions. Reported earnings +33% on +34% sales revenues for the Jun '13 quarter, above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/15/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M
YNDX - NASDAQ Yandex N V Class A INTERNET - Internet Information Providers	$32.73	-0.04 -0.12%	$33.43	1,018,392 40.46% of 50 DAV 50 DAV is 2,517,100	$34.79 -5.92%	7/10/2013	$29.29	PP = $29.59
								MB = $31.07
Most Recent Note - 8/19/2013 12:15:13 PM G - Retreating from its 52-week high hit last week. Its 50 DMA line coincides with prior highs in the $29 area defining important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2013. Click here. View all notes | Alert me of new notes | CANSLIM.net Company Profile | SEC | Zacks Reports | StockTalk | News | Chart |  Request a new note C A N S L I M