The major averages traded in a narrow range. With no scheduled economic reports, investor attention was on the Fed with Chairman Ben Bernanke slated to speak at the University of Michigan after the close.

A decline in Apple Inc (AAPL -3.57%) came after reports the company cut orders for iPhone components due to weaker demand. Dell Inc (DELL +12.96%) rose on a report the company is in buyout talks with private equity firms. In the financials, Bank of America Corp (BAC -1.38%) fell ahead of its scheduled earnings release later this week. Telecom was the worst performing group. Sprint Nextel Corp (S -3.89%) and Verizon Communications Inc (VZ -1.64%) finished lower. Consumer and industrial stocks were the best performing areas.  Coach Inc (COH +3.67%) gained and United Parcel Service Inc (UPS +1.69%) rose after the company ended its bid to acquire European rival TNT Express. 

The 10-year note was up 5/32 to yield 1.85%.

Investors may consider new buying efforts in stocks meeting all key criteria, as the market's (M criteria) confirmed uptrend showed a great expansion in leadership (stocks hitting new 52-week highs) after overcoming recent pressure. Solid gains helped the benchmark S&P 500 Index promptly rebound above its 50-day moving average (DMA) line, and Nasdaq Composite Index and Dow Jones Industrial Average both promptly rebounded above their respective 50 DMA and 200 DMA lines. All of the major averages then blasted above their December highs with additional volume-driven gains.

PICTURED: The Dow Jones Industrial Average is currently perched within -1.12% of its 10/05/12 high. Any meaningful rally above the old high might be viewed as a bullish technical signal which would bode well for the broader market outloo

The Bank Index ($BKX -0.43%) and Broker/Dealer Index ($XBD -0.27%) edged lower while the Retail Index ($RLX +0.34%) posted a gain. Energy-related shares were mixed as the Oil Services Index ($OSX -0.98%) fell and the Integrated Oil Index ($XOI +0.28%) posted a small gain.  Defensive groups were mixed as the Gold & Silver Index ($XAU -0.43%) fell and the Healthcare Index ($HMO +0.66%) posted a small gain.  The tech sector was led higher by the Biotechnology Index ($BTK +1.33%) and the Networking Index ($NWX +1.60%) followed by a smaller gain from the Internet Index ($IIX +0.23%), meanwhile the Semiconductor Index ($SOX -0.24%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.43%) is consolidating above prior highs.

Prior reports cautioned members - "Disciplined investors may watch closely for sell signals if holding it and giving it a chance to produce more climactic gains. Its 50-day moving average (DMA) line defines near-term chart support to watch where any violation would trigger a technical sell signal. It reported earnings +23% on +18% sales for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Prior reports also cautioned that its annual earnings (A criteria) had a downturn in FY '09, yet they have otherwise been good and steady."

The number of top-rated funds owning its shares rose from 351 in Dec '11 to 388 in Dec '12, a reassuring sign concerning the I criteria. Today its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply (S criteria) of only 17.1 million shares in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Investors who are disciplined, selective, and patient would likely watch for a fresh breakout in another high-ranked stock without any fundamental flaws, rather than looking for excuses to buy one with flaws.

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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$97.67	+1.37 1.42%	$97.71	4,220,818 124.32% of 50 DAV 50 DAV is 3,395,100	$96.33 1.39%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 1/11/2013 11:58:39 AM G - Perched at its 52-week high today after a streak of 8 consecutive gains, very extended from its prior base. Prior highs near $81-82 define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 1/3/2013. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$16.44	+0.20 1.23%	$16.55	251,209 114.55% of 50 DAV 50 DAV is 219,300	$16.90 -2.72%	12/3/2012	$15.20	PP = $16.31
								MB = $17.13
Most Recent Note - 1/14/2013 5:53:33 PM Y - Gain with above average volume today, finding support while consolidating above its prior highs. Still trading below its "max buy" level after the rally above its pivot point on 1/02/13 triggered a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$38.92	+0.46 1.20%	$38.93	8,626,824 74.54% of 50 DAV 50 DAV is 11,573,400	$38.76 0.41%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 1/11/2013 5:36:26 PM Y - It managed an impressive "positive reversal" on Tuesday after dipping near its 50 DMA line. Hovering near its 52-week high since its gain above its pivot point on 1/02/12 triggered a technical buy signal. No resistance remains due to overhead supply. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/11/2013. 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$72.30	+1.46 2.06%	$72.60	3,779,406 186.91% of 50 DAV 50 DAV is 2,022,000	$81.09 -10.84%	12/26/2012	$73.81	PP = $77.95
								MB = $81.85
Most Recent Note - 1/14/2013 5:57:23 PM Rebounded above its 50 DMA line with today's volume-driven gain helping its technical stance. However, its Relative Strength rank has slumped well below the 80+ minimum guideline for buy candidates, and it will be dropped from the Featured Stocks list tonight. It faces resistance due to overhead supply up through the $81 level. >>> The latest Featured Stock Update with an annotated graph appeared on 12/28/2012. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$131.44	-0.45 -0.34%	$132.30	27,781 31.07% of 50 DAV 50 DAV is 89,400	$134.51 -2.28%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 1/14/2013 5:50:33 PM G - Holding its ground stubbornly near its 52-week and all-time highs with recent volume totals below average. Earnings +23% on +18% sales for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria), raised concerns. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/14/2013. 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
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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$68.18	-0.59 -0.86%	$68.89	402,374 107.01% of 50 DAV 50 DAV is 376,000	$70.80 -3.70%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 1/9/2013 5:43:06 PM Y - Gains above its pivot point have been marked by below average volume. Disciplined investors know that volume must be at least +40% above average behind gains above the pivot point to trigger a proper technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/4/2013. 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
NSR - NYSE Neustar Inc TELECOMMUNICATIONS - Diversified Communication Serv	$44.27	-0.08 -0.18%	$44.66	256,933 60.63% of 50 DAV 50 DAV is 423,800	$44.39 -0.27%	12/11/2012	$41.85	PP = $41.41
								MB = $43.48
Most Recent Note - 1/11/2013 5:34:28 PM G - Color code is changed to green again after rallying above its "max buy" level with today's light volume gain. Prior highs and its 50 DMA line define support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2013. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$77.65	-0.18 -0.23%	$78.62	651,348 47.08% of 50 DAV 50 DAV is 1,383,400	$78.36 -0.91%	12/18/2012	$71.88	PP = $70.10
								MB = $73.61
Most Recent Note - 1/8/2013 2:46:54 PM G - Inching to another new all-time high with today's gain lacking great volume conviction. Getting extended from its prior base, meanwhile prior highs in the $70 area define initial support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 1/8/2013. 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$47.26	+1.19 2.58%	$47.44	363,984 114.14% of 50 DAV 50 DAV is 318,900	$46.88 0.81%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 1/11/2013 12:40:08 PM G - Very extended after a streak of 9 consecutive gains, its prior highs in the $40 area define initial support to watch on pullbacks. Disciplined investors avoid chasing stocks extended more than +5% above prior highs following a technical breakout from a sound base. >>> The latest Featured Stock Update with an annotated graph appeared on 1/9/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$63.58	-0.05 -0.08%	$63.73	694,934 43.83% of 50 DAV 50 DAV is 1,585,400	$64.41 -1.29%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 1/14/2013 5:59:36 PM Y - Hovering quietly above its pivot point and near its 52-week high today. Volume behind recent gains was below the +40% above average volume guideline which is the bare minimum threshold needed to trigger a proper technical buy signal. Disciplined investors may use a tactic called "pyramiding" to allow market action to dictate their positioning. >>> The latest Featured Stock Update with an annotated graph appeared on 1/10/2013. 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