The major averages finished on lower Tuesday’s session. The Dow fell 117 points to 17,055. The NASDAQ lost 19 points to close at 4,508. Volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and on the NASDAQ exchange. There were 6 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down a notch from the prior session total of 7 stocks. New 52-week lows outnumbered a shrinking list of new highs on the NYSE and on the Nasdaq exchange. There were gains for 5 of the 11 high-ranked companies currently included on the Featured Stocks Page. The broader market (M criteria) has encountered distributional action while leadership (stocks hitting new 52-week highs) has recently been waning, putting the rally under pressure. Remember that disciplined investors buy stocks with superior fundamentals only after they have triggered a proper technical buy signal.

 

PICTURED: The S&P 500 Index declined 12 points to 1,982, undercutting prior highs and slumping toward its 50-day moving average (DMA) line.

The major averages extended their pullback amid increased tension in the Middle East. Stocks declined after the U.S. and its Arab allies launched more than 200 airstrikes against key Islamic militant targets in Syria. On the economic front, a measure of home prices increased 0.1% in July, less than an expected 0.4% increase. A separate release revealed manufacturing sentiment remained at a four year high in September. In M&A news, the Treasury Department said it plans to increase regulation on U.S companies from tax-saving merger deals. Healthcare stocks dropped in response to the news with AbbVie (ABBV -2%) and Medtronic (MDT -2.9%) falling.

The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources.  The Premium Member Homepage includes "dynamic archives" to all prior pay reports published.

Financial shares created a drag on the major averages as the Bank Index ($BKX -0.89%) and the Broker/Dealer Index ($XBD -0.82%) fell on Tuesday. The Retail Index ($RLX -0.58%) suffered a modest loss and the tech sector saw unanimous losses from the Networking Index ($NWX -1.07%), Biotechnology Index ($BTK -0.37%), and the Semiconductor Index ($SOX -0.23%). The Gold & Silver Index ($XAU +1.71%) was a standout gainer and the Oil Services Index ($OSX +0.14%) inched higher while the Integrated Oil Index ($XOI -0.71%) slumped.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.07%) recently slumped below its 50-day moving average (DMA line.

Taro Pharmaceutical Inds (TARO -$2.66 or -1.69% to $155.13) is consolidating -6% off its 52-week high, enduring more distributional pressure this week. It has been repeatedly noted with caution - "Recently reported earnings for the Jun '14 quarter below the +25% minimum earnings guideline (C criteria) raising fundamental concerns."  It found support at its 50-day moving average (DMA) line and rebounded toward prior highs since last shown in this FSU section on 9/02/14 with annotated graphs under the headline,"Churning Action Indicative of Distributional Pressure". It traded up as much as +40.9% since first featured in yellow in the 6/26/14 mid-day report at $117.31.

The Israel-based Medical - Generic Drugs firm has seen the number of top-rated funds owning its shares rise from 2 in Mar '12 to 57 as of Jun '14, a reassuring sign concerning the I criteria. TARO has a small supply (S criteria) of only 44.3 million shares outstanding, which is favorable, however any institutional buying or selling could lead to great price volatility. Disciplined investors who may still be giving it the benefit of the doubt should be watchful for any damaging sell signals which would prompt them to lock in gains.

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
ACT - NYSE Actavis plc Medical-Generic Drugs	$240.85	+5.23 2.22%	$248.81	6,208,544 289.04% of 50 DAV 50 DAV is 2,148,000	$245.50 -1.89%	6/20/2014	$216.53	PP = $230.87
								MB = $242.41
Most Recent Note - 9/23/2014 5:13:55 PM Y - Hit a new 52-week high with today's gain backed nearly 3 times average volume, a solid confirmation day following its recently noted technical buy signal. Prior highs near $230 define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Finally Volume-backed Gains Confirmed a Technical Buy Signal - 9/19/2014 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
BITA - NYSE Bitauto Hldgs Ltd Ads Internet-Content	$79.02	+1.65 2.13%	$81.11	1,415,241 82.71% of 50 DAV 50 DAV is 1,711,000	$98.28 -19.60%	6/26/2014	$46.20	PP = $47.03
								MB = $49.38
Most Recent Note - 9/22/2014 12:09:11 PM G - Undercutting prior lows and slumping toward its 50 DMA line with higher volume behind today's loss. Noted repeatedly with caution - "Has the look of a 'climax run' with volume-driven gains getting very extended from its prior base." >>> FEATURED STOCK ARTICLE : Volume Totals Recently Cooling After Halting Slide - 9/18/2014 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
FB - NASDAQ Facebook Inc Cl A INTERNET	$78.29	+1.49 1.94%	$78.63	36,651,798 101.61% of 50 DAV 50 DAV is 36,070,000	$78.36 -0.09%	9/9/2014	$76.67	PP = $76.84
								MB = $80.68
Most Recent Note - 9/23/2014 5:18:08 PM Y - Rallied with average volume for its best-ever close today. The volume-driven gain on 9/19/14 helped confirm a new (or add-on) technical buy signal. Found support at its 50 DMA line ($74.19) last week after a light bout of distributional pressure. >>> FEATURED STOCK ARTICLE : Wedging Gains Not Indicative of Institutional Conviction - 9/9/2014 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
NVGS - NYSE Navigator Holdings Ltd Transportation-Ship	$30.87	-0.63 -2.00%	$31.44	157,183 66.32% of 50 DAV 50 DAV is 237,000	$31.90 -3.23%	9/16/2014	$30.33	PP = $30.56
								MB = $32.09
Most Recent Note - 9/22/2014 12:28:27 PM Y - Still holding its ground near its 52-week high (N criteria) after volume-driven gains triggered a technical buy signal. Prior highs near $30 define initial support to watch on pullbacks. Disciplined investors do not chase stocks more than +5% above their pivot point, and they always limit losses by selling if any stock falls more than -7% from their purchase price. >>> FEATURED STOCK ARTICLE : Finished Strong While Challenging Pivot Point and Recent Highs - 9/16/2014 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
NXPI - NASDAQ Nxp Semiconductors N V ELECTRONICS - Semiconductor - Broad Line	$72.00	+1.20 1.69%	$72.26	2,889,936 85.40% of 50 DAV 50 DAV is 3,384,000	$73.82 -2.47%	8/29/2014	$68.50	PP = $67.89
								MB = $71.28
Most Recent Note - 9/23/2014 5:20:02 PM G - Rallied for a second-best close today after quietly dipping below its "max buy" level. No overhead supply remains to act as resistance. Prior highs in the $67 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Consolidating Above Pivot Point and Below "Max Buy" Level - 9/17/2014 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
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$97.43	-0.50 -0.51%	$98.49	1,417,448 85.34% of 50 DAV 50 DAV is 1,661,000	$102.45 -4.90%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 9/22/2014 12:29:41 PM G - Extended from any sound base after recent volume-driven gains. Prior highs in the $87 area define initial support to watch above its 50 DMA line ($85.83). Disciplined investors avoid chasing extended stocks. >>> FEATURED STOCK ARTICLE : Pulling Back Following New Technical Breakout - 9/4/2014 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
STRT - NASDAQ Strattec Security Corp AUTOMOTIVE - Auto Parts	$82.47	-1.47 -1.75%	$84.38	45,752 207.96% of 50 DAV 50 DAV is 22,000	$89.87 -8.24%	9/19/2014	$86.06	PP = $89.97
								MB = $94.47
Most Recent Note - 9/23/2014 12:30:32 PM Y - Rebounded from today's early lows. Formed an advanced "3-weeks tight" base while holding its ground stubbornly. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Prior highs in the $74-77 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Prior Highs and Previously Noted Base - 9/10/2014 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
TARO - NYSE Taro Pharmaceutical Inds DRUGS - Drug Manufacturers - Other	$155.13	-2.66 -1.69%	$159.35	35,417 39.79% of 50 DAV 50 DAV is 89,000	$165.30 -6.15%	7/30/2014	$144.24	PP = $149.99
								MB = $157.49
Most Recent Note - 9/23/2014 5:11:40 PM G - Consolidating above its 50 DMA line and -6% off its 52-week high. Enduring recent distributional pressure. See the latest FSU analysis for more details and new annotated graphs. Repeatedly noted with caution - "Recently reported earnings for the Jun '14 quarter below the +25% minimum earnings guideline (C criteria) raising fundamental concerns." >>> FEATURED STOCK ARTICLE : Consolidating Above 50-day Moving Average and Prior Highs - 9/23/2014 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	$47.53	-0.89 -1.84%	$48.16	2,541,953 98.22% of 50 DAV 50 DAV is 2,588,000	$50.77 -6.39%	4/30/2014	$37.79	PP = $38.03
								MB = $39.93
Most Recent Note - 9/22/2014 5:44:01 PM G - Pulled back today with above average volume following 4 consecutive volume-driven gains. It has not formed a sound base. Prior highs near $46-47 define near-term support above its 50 DMA line. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 9/12/2014 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$66.88	+0.41 0.62%	$68.00	2,326,402 96.53% of 50 DAV 50 DAV is 2,410,000	$73.42 -8.91%	7/10/2014	$58.50	PP = $60.79
								MB = $63.83
Most Recent Note - 9/22/2014 5:47:30 PM G - Violated its 50 DMA line with today's 2nd consecutive loss with above average volume triggering a technical sell signal. Only a prompt rebound would help its outlook improve. Prior notes cautioned members - "Fundamental concerns were raised by earnings reported +0% on +34% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria)." >>> FEATURED STOCK ARTICLE : Higher Volume Behind Loss Testing 50-Day Moving Average - 9/15/2014 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
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	$91.85	-1.33 -1.43%	$93.52	561,822 111.47% of 50 DAV 50 DAV is 504,000	$98.44 -6.69%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 9/23/2014 5:16:07 PM G - Churned higher volume today while slumping and testing prior highs in the $92 area and its 50 DMA line ($91.50). More damaging losses would raise greater concerns and trigger technical sell signals. Recent fundamental concerns were noted. >>> FEATURED STOCK ARTICLE : Consolidating Above Near-Term Support Levels - 9/11/2014 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