The major averages fell on Thursday while leadership waned. Volume totals were reported slightly higher on the NYSE and slightly lower on the Nasdaq exchange versus the prior session totals. Breadth was negative as decliners led advancers by nearly a 3-2 ratio on the NYSE and by nearly a 3-1 ratio on the Nasdaq exchange. The total number of new 52-week highs led new 52-week lows on the NYSE on the Nasdaq exchange. There were 13 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 prior session total of 32 stocks. There were losses for 19 of the 20 high-ranked companies currently included on the Featured Stocks Page, a disconcertingly negative bias relative to the broader market.

The investors responded to disappointing news out of Europe. Spain's Prime Minister stoked concerns over the region's debt crisis after saying the country would not request bailout funding until terms surrounding a package were specified. On our shores, investors remained cautious ahead of Fed Chairman Bernanke's speech on Friday.

All 10 sectors on the S&P ended lower, led by steep declines in tech stocks. Shares of Apple Inc (AAPL -1.43%) fell on rumors that Amazon.com Inc (AMZN -0.36%) is set to release their new tablet after announcing the Kindle Fire model was sold out. Retail stocks were also active in the session following the release of August same-store sales metrics. Costco Wholesale Corp (COST +1.52%) and Gap Inc (GAP +2.67%) rose after both companies posted stronger-than-expected results.

The M criteria is still favorable as the major indices have maintained their previously confirmed rally with a healthy level of leadership (stocks hitting new 52-week highs).

Watch for an announcement soon via email concerning new monthly webcasts starting in August and a new "Market's Leading Groups" archives tab to be added on the Premium Member Homepage. These changes are aimed at satisfying member requests and improving the service.  If you have questions, comments or suggestions please let us know via the inquiry form here.  The most recent WEBCAST (Q2 2012) is available "ON DEMAND" - CLICK HERE. 

PICTURED: The Dow Jones Industrial Average finished -2.5% off its 2012 high, and the volume totals have clearly been cooling in recent weeks.

The Networking Index ($NWX -3.14%), Internet Index ($IIX -2.02%), Semiconductor Index ($SOX -1.69%), and Biotechnology Index ($BTK -0.88%) fell on Thursday as the tech sector led the broader market lower. Commodity-linked groups also fell as the Oil Services Index ($OSX -1.40%), Integrated Oil Index ($XOI -0.95%), and the Gold & Silver Index ($XAU -0.98%)  finished with losses. The Healthcare Index ($HMO -0.59%) also dealt defensively positioned investors a small loss. The Bank Index ($BKX -0.70%), Broker/Dealer Index ($XBD -0.59%), and Retail Index ($RLX -0.46%) also weighed on the major averages with modest losses.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -3.14%) met resistance at its June highs and remains trading well below its 200-day moving average (DMA) line.

China Kanghui Hldgs Ads ( -$0.15 or -0.61% to $24.50) was highlighted in yellow with pivot point cited based on its 8/16/12 high plus 10 cents in the earlier mid-day report (read here). This Chinese Medical - Products firm finished near the session high after pulling back following a gain with more than 3 times average volume on the prior session which technically helped it break out of an orderly flat base pattern above its 50-day moving average (DMA) line. Prior highs in the $25-26 area have been a stubborn resistance area, however overhead supply is not a great concern. The abrupt pullbacks and deep consolidations from prior highs serve as a reminder to always follow the loss-limiting sell rule if ever a stock falls more than -7% from your purchase price or otherwise you risk suffering even greater losses which may be difficult to make up. Its small supply (S criteria) of only 22.8 million outstanding shares and low daily average volume can contribute to greater volatility in the event of institutional buying or selling so proper discipline is especially important.

It reported earnings +41% on +26% sales revenues for the quarter ended June 30, 2012 versus the year ago period. The Dec '11 and Mar '12 quarters showed strong sales revenues and earnings increases above the +25% minimum guideline (C criteria), improving following a streak of 3 sub par quarterly comparisons.  There are concerns raised by its weak Sponsorship Rating of D and the recent waning in the number of top-rated funds owning its shares. However, its current Up/Down Volume Ratio of 1.2 provides an indication that its shares have been under moderate accumulation during the past 50 days. Management's 19% ownership interest keeps them motivated to build and maintain shareholder value.

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
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$105.60	-0.97 -0.91%	$106.16	778,594 58.61% of 50 DAV 50 DAV is 1,328,500	$109.96 -3.97%	8/23/2012	$103.70	PP = $110.06
								MB = $115.56
Most Recent Note - 8/28/2012 4:29:06 PM Y - Posted a 3rd consecutive gain today and it is perched within close striking distance of its 52-week high. Subsequent volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2012. 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
ASPS - NASDAQ Altisource Ptf Sltns Sa REAL ESTATE - Property Management/Developmen	$83.59	-2.00 -2.34%	$85.42	107,214 82.03% of 50 DAV 50 DAV is 130,700	$92.29 -9.43%	6/5/2012	$60.01	PP = $63.00
								MB = $66.15
Most Recent Note - 8/30/2012 3:58:06 PM G - Down today on below average volume, retreating -9.3% from its all-time high. It has been repeatedly noted - "Extended from its prior base, and its 50 DMA line defines near-term support to watch." >>> The latest Featured Stock Update with an annotated graph appeared on 8/3/2012. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$12.96	-0.13 -0.99%	$13.05	20,761 32.24% of 50 DAV 50 DAV is 64,400	$13.30 -2.56%	8/17/2012	$12.84	PP = $13.31
								MB = $13.98
Most Recent Note - 8/29/2012 6:03:06 PM Y - Finished near the session high today for a best-ever close with a gain on below average volume. Disciplined investors know to watch for signs of fresh institutional buying demand as a reassurance. Previously noted - "Volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal, meanwhile its 50 DMA line defines important support." >>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$33.63	-0.32 -0.94%	$33.90	9,864,396 77.01% of 50 DAV 50 DAV is 12,809,000	$35.16 -4.35%	6/11/2012	$29.94	PP = $30.98
								MB = $32.53
Most Recent Note - 8/28/2012 4:17:57 PM G - Consolidating in a very tight trading range for the past few weeks. Fundamental concerns were raised as it recently reported earnings +19% on +6% sales revenues for the Jun '12 quarter, below the fact-based investment system's +25% minimum guideline for the C criteria. >>> The latest Featured Stock Update with an annotated graph appeared on 8/15/2012. 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
ECPG - NASDAQ Encore Capital Group Inc FINANCIAL SERVICES - Credit Services	$27.87	-0.14 -0.50%	$28.00	37,480 25.87% of 50 DAV 50 DAV is 144,900	$30.47 -8.53%	8/3/2012	$29.91	PP = $30.45
								MB = $31.97
Most Recent Note - 8/27/2012 3:29:37 PM G - Color code is changed to green while sputtering below its 50 DMA line and -8% off its 52-week high today. Completed a Secondary Offering on 8/08/12. Gains above its 50 DMA line are needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2012. 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
EXPE - NASDAQ Expedia Inc INTERNET - Internet Information Providers	$51.48	-1.38 -2.61%	$52.86	1,592,534 45.71% of 50 DAV 50 DAV is 3,483,800	$59.50 -13.48%	4/27/2012	$41.80	PP = $35.57
								MB = $37.35
Most Recent Note - 8/30/2012 3:59:47 PM G - Volume totals have been cooling while consolidating above prior highs and its 50 DMA line defining important near-term chart support in the $50 area. >>> The latest Featured Stock Update with an annotated graph appeared on 8/14/2012. 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
GPX - NYSE G P Strategies Corp DIVERSIFIED SERVICES - Education and Training Services	$20.00	-0.10 -0.50%	$20.22	80,401 103.61% of 50 DAV 50 DAV is 77,600	$20.67 -3.24%	6/29/2012	$18.01	PP = $18.15
								MB = $19.06
Most Recent Note - 8/27/2012 12:20:04 PM G - Still perched near its 52-week high today, slightly extended from its prior base. Churned above average volume recently without making much meaningful price progress, a sign of distributional pressure. Prior highs and its 50 DMA line define chart support in the $18 area. >>> The latest Featured Stock Update with an annotated graph appeared on 8/7/2012. 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
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$34.89	-0.12 -0.34%	$34.95	454,044 49.16% of 50 DAV 50 DAV is 923,600	$37.19 -6.18%	7/27/2012	$33.91	PP = $34.83
								MB = $36.57
Most Recent Note - 8/29/2012 5:58:53 PM Y - Volume totals have been light behind 3 consecutive gains since it halted its slide after dipping below its 50 DMA line as distributional action raised concerns. Color code is changed to yellow but no new pivot point is cited. Volume-driven gains into new high territory would be a reassuring sign disciplined investors may wait for as an indication of fresh institutional accumulation. >>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2012. 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
KH - NYSE China Kanghui Hldgs Ads HEALTH SERVICES - Medical Appliances and Equipment	$24.49	-0.16 -0.65%	$24.50	24,633 113.52% of 50 DAV 50 DAV is 21,700	$24.80 -1.25%	8/30/2012	$24.19	PP = $22.90
								MB = $24.05
Most Recent Note - 8/30/2012 5:27:12 PM Y - Finished near the session high today with a small loss. It was highlighted in yellow with pivot point cited based on its 8/16/12 high plus 10 cents in the earlier mid-day report while noted - "This Chinese Medical - Products firm is pulling back today following a gain with more than 3 times average volume on the prior session which technically helped it break out of an orderly flat base above its 50 DMA line. Prior highs in the $25-26 area were a stubborn resistance area, however overhead supply is not a great concern. Its small supply (S criteria) of only 22.8 million outstanding shares and low daily average volume can contribute to greater volatility in the event of institutional buying or selling so proper discipline is especially important. Reported earnings +41% on +26% sales revenues for the quarter ended June 30, 2012 versus the year ago period. The Dec '11 and Mar '12 quarters showed strong sales revenues and earnings increases, improving following a streak of 3 sub par quarterly comparisons." See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2012. 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
LKQ - NASDAQ L K Q Corp WHOLESALE - Auto Parts	$37.81	-0.91 -2.35%	$38.67	326,055 44.09% of 50 DAV 50 DAV is 739,600	$39.20 -3.55%	8/9/2012	$37.93	PP = $37.44
								MB = $39.31
Most Recent Note - 8/30/2012 3:22:25 PM Y - Down today with light volume, slumping back near its pivot point. Prior highs in the $37 area define initial support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2012. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$113.15	-0.13 -0.11%	$113.48	76,341 77.19% of 50 DAV 50 DAV is 98,900	$119.74 -5.50%	8/9/2012	$118.60	PP = $104.92
								MB = $110.17
Most Recent Note - 8/28/2012 12:30:08 PM G - Still quietly consolidating -5.6% off its 52-week high today, extended from its prior base. Its 50 DMA line and prior highs in the $104 area define important chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2012. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$55.37	-0.38 -0.68%	$55.90	324,165 44.94% of 50 DAV 50 DAV is 721,300	$59.22 -6.50%	8/20/2012	$55.88	PP = $59.32
								MB = $62.29
Most Recent Note - 8/27/2012 3:18:14 PM Y - Volume totals have been cooling while consolidating in a tight range near its 52-week high. A volume-driven gain above its pivot point may trigger a new (or add-on) technical buy signal. Meanwhile, its 50 DMA line defines important near-term support. >>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2012. 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
NSM - NYSE Nationstar Mtg Hldgs Inc FINANCIAL SERVICES - Credit Services	$27.36	-0.51 -1.83%	$28.20	612,440 76.33% of 50 DAV 50 DAV is 802,400	$28.75 -4.83%	8/29/2012	$27.96	PP = $28.85
								MB = $30.29
Most Recent Note - 8/29/2012 12:41:18 PM Y - Trading up and nearly challenging its 52-week high with today's 3rd consecutive gain backed by above average volume. Color code is changed to yellow with new pivot point cited based on its 8/17/12 high plus 10 cent while working on an advanced "ascending base" pattern. Managed an impressive a "positive reversal" on 8/27/12 while finding support near prior highs in the $25 area. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2012. 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
OSIS - NASDAQ O S I Systems Inc ELECTRONICS - Semiconductor Equipment and Mate	$73.24	-0.36 -0.49%	$73.60	145,167 131.73% of 50 DAV 50 DAV is 110,200	$75.00 -2.35%	8/9/2012	$67.71	PP = $67.48
								MB = $70.85
Most Recent Note - 8/30/2012 12:42:15 PM G - Still hovering near its 52-week high in a very tight trading range. Ending the week near its current level could form an advanced "3-weeks tight" base pattern. Prior highs in the $67-68 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2012. 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$33.43	-0.41 -1.21%	$33.72	169,955 38.80% of 50 DAV 50 DAV is 438,000	$34.75 -3.80%	7/27/2012	$29.58	PP = $30.60
								MB = $32.13
Most Recent Note - 8/29/2012 6:05:36 PM G - Holding its ground perched near its high with volume totals cooling in recent weeks. It is extended from its prior base with near-term support at prior highs in the $30-31 area and its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/31/2012. 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
SWI - NYSE Solarwinds Inc COMPUTER SOFTWARE and SERVICES - Application Software	$54.45	-0.65 -1.18%	$55.25	866,338 71.21% of 50 DAV 50 DAV is 1,216,600	$56.94 -4.37%	7/25/2012	$47.82	PP = $47.89
								MB = $50.28
Most Recent Note - 8/29/2012 6:51:18 PM G - Volume totals have been cooling in recent weeks while still holding its ground stubbornly near its all-time high. Its 50 DMA line and prior highs coincide in the $48 area defining important chart support to watch on pullbacks. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2012. 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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$138.18	-0.58 -0.42%	$138.90	226,457 55.78% of 50 DAV 50 DAV is 406,000	$143.15 -3.47%	8/16/2012	$132.23	PP = $136.44
								MB = $143.26
Most Recent Note - 8/27/2012 12:45:26 PM Y - Hit a new 52-week high today and challenged its "max buy" level, however it is now trading well off its earlier highs. Disciplined investors do not chase extended stocks and they always limit losses if ever any stock falls -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/17/2012. 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
ULTI - NASDAQ Ultimate Software Group INTERNET - Internet Software and Services	$98.07	+0.03 0.03%	$98.55	98,647 60.97% of 50 DAV 50 DAV is 161,800	$100.83 -2.74%	8/27/2012	$98.36	PP = $99.19
								MB = $104.15
Most Recent Note - 8/28/2012 1:01:23 PM Y - Touched another new 52-week high today then reversed into the red. On the prior session it gapped up and posted a volume-driven gain, however it did not finish above the pivot point cited based on its 8/01/12 high plus 10 cents. A volume-driven gain and strong close above its pivot point may trigger technical buy signal. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2012. 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
VSI - NYSE Vitamin Shoppe Inc SPECIALTY RETAIL - Specialty Retail, Other	$54.07	-0.22 -0.41%	$54.41	253,259 66.40% of 50 DAV 50 DAV is 381,400	$61.83 -12.54%	6/29/2012	$54.93	PP = $55.03
								MB = $57.78
Most Recent Note - 8/28/2012 4:24:40 PM G - The longer it lingers below its 50 DMA line the worse its outlook gets following recent technical sell signals. Prior low ($52.41 on 7/23/12) defines a near-term support level where any further deterioration would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2012. 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
WPI - NYSE Watson Pharmaceuticals DRUGS - Drugs - Generic	$81.52	-0.60 -0.73%	$81.96	825,258 61.96% of 50 DAV 50 DAV is 1,331,900	$83.83 -2.76%	8/24/2012	$82.90	PP = $81.10
								MB = $85.16
Most Recent Note - 8/28/2012 6:16:14 PM Y - Holding its ground since triggering a technical buy signal on 8/24/12 when highlighted in the mid-day report with a gap up gain backed by above average volume. Prior highs in the $81 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2012. 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