The major averages ended mixed and little changed on Wednesday after choppy trading. The Dow gained 6 points to 17,673. The S&P 500 fell 8 points to 2,041. The NASDAQ declined 11 points to 4,716. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of institutional selling pressure. Breadth was negative as decliners led advancers by a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. Leadership improved as there were 57 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 prior session total of 50 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 10 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, Tuesday's gains with higher volume were an encouraging follow-up to Monday's "positive reversal", avoiding more worrisome damage for the major averages that would signal the beginning of a more serious market "correction".  

PICTURED: The S&P 500 Index fell back below its 50-day moving average (DMA) line, ending -2.5% off its all-time high.

The major averages toggled between gains and losses as investors focused on economic data, earnings and oil prices. ADP provided insight to Friday's labor market report as they announced 213,000 jobs were added in January. Meanwhile, two gauges of sentiment, spanning the services, manufacturing, non-manufacturing and construction groups, both showed surprisingly positive improvement.

The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert.  See the Premium Member Homepage for archives to all prior pay reports published.

The Oil Services Index ($OSX -2.97%) and the Integrated Oil Index ($XOI -1.66%) were some of the session's worst decliners.  The Bank Index ($BKX -0.55%) edged lower while the Retail Index ($RLX +0.10%) and the Broker/Dealer Index ($XBD +0.24%) posted small gains. The Semiconductor Index ($SOX +0.33%) edged higher but the Biotechnology Index ($BTK -1.69%) and the Networking Index ($NWX -1.01%) fell. The Gold & Silver Index ($XAU +1.42%) was a standout gainer. 

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.33%) is consolidating below its 50-day moving average (DMA) line and above its 200 DMA line.

Jones Lang Lasalle Inc (JLL -$2.55 or -1.59% to $157.38) pulled back on Wednesday with above average but lighter volume. On the prior session it finished strong with +251% above average volume behind its gain for a new 52-week high (N criteria) after gapping up. It was highlighted in yellow in the 2/03/15 mid-day report (read here) and noted - "Has the look of a valid Secondary Buy point up to +5% above prior highs."

JLL reported Dec '14 earnings +29% on +16% sales revenues, above the +25% minimum earnings guideline (C criteria) for the 3rd consecutive quarterly comparison versus the year ago periods. That helped provide a reassurance, fundamentally, and it appeared to form a base-on-base type pattern after a breakout in mid-December which came after noted with caution in the 12/02/14 mid-day report, "Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead." 

The number of top-rated funds owning its shares rose from 513 in Mar '14 to 644 in Dec '14, which is a reassuring sign concerning the I criteria. Its small supply (S criteria) of only 43.9 million shares in the public float contribute to greater price volatility in the event of institutional buying or selling.

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	$266.23	-2.12 -0.79%	$268.40	1,883,647 72.12% of 50 DAV 50 DAV is 2,612,000	$285.09 -6.62%	12/29/2014	$260.22	PP = $272.85
								MB = $286.49
Most Recent Note - 2/2/2015 6:18:31 PM Y - Halted is slide at its 50 DMA line with a gain on light volume following 4 consecutive losses. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line - 2/2/2015 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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$56.52	-0.20 -0.35%	$57.14	768,727 38.02% of 50 DAV 50 DAV is 2,022,000	$63.20 -10.57%	1/7/2015	$54.96	PP = $58.10
								MB = $61.01
Most Recent Note - 2/2/2015 6:21:44 PM Y - Volume totals have been cooling while consolidating in a tight trading range above its 50 DMA line ($53.70). That important short-term average recently acted as support. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Staying Above 50-Day Moving Average - 1/27/2015 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
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$50.51	+3.05 6.43%	$50.81	376,293 110.35% of 50 DAV 50 DAV is 341,000	$52.89 -4.50%	10/23/2014	$45.21	PP = $46.09
								MB = $48.39
Most Recent Note - 2/4/2015 5:25:33 PM Y - Rebounded above its 50 DMA line with today's gain helping its technical stance improve and its color code is changed to yellow. Still faces some overhead supply up through the $52 level. >>> FEATURED STOCK ARTICLE : Recovery Above 50-Day Average Needed for Outlook to Improve - 1/21/2015 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
ILMN - NASDAQ Illumina Inc DRUGS - Biotechnology	$192.03	-0.97 -0.50%	$193.75	900,011 70.59% of 50 DAV 50 DAV is 1,275,000	$213.33 -9.98%	12/30/2014	$186.26	PP = $196.00
								MB = $205.80
Most Recent Note - 2/3/2015 5:53:32 PM Y - Undercut its 50 DMA line intra-day yet found support and finished in the upper third of its intra-day range. More damaging losses would raise greater concerns. Reported earnings +93% on +32% sales revenues for the Dec '14 quarter. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 1/20/2015 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
JLL - NYSE Jones Lang Lasalle Inc REAL ESTATE - Property Management/Developmen	$157.38	-2.55 -1.59%	$160.91	565,555 183.03% of 50 DAV 50 DAV is 309,000	$160.07 -1.68%	2/3/2015	$156.95	PP = $154.66
								MB = $162.39
Most Recent Note - 2/4/2015 5:27:15 PM Y - Pulled back today on lighter but above average volume. Has the look of a valid Secondary Buy point up to +5% above prior highs. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Pullback Following Big Volume-Driven Gain For New Highs - 2/4/2015 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
NXPI - NASDAQ Nxp Semiconductors N V ELECTRONICS - Semiconductor - Broad Line	$79.75	+0.01 0.01%	$80.39	4,708,806 156.49% of 50 DAV 50 DAV is 3,009,000	$82.76 -3.64%	1/5/2015	$76.43	PP = $78.44
								MB = $82.36
Most Recent Note - 2/4/2015 5:32:31 PM Y - Churned above average volume but made no meaningful price progress today, a sign of distributional pressure. No resistance remains to hinder its progress. Its 50 DMA line ($77.05) acted as support recently, where a violation would raise concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Support After "Negative Reversal" - 1/22/2015 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
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$125.68	+2.15 1.74%	$126.23	906,320 66.35% of 50 DAV 50 DAV is 1,366,000	$130.00 -3.32%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 2/3/2015 5:49:57 PM G - Testing support at its 50 DMA line with losses this week. Recent low ($117.60 on 1/02/15) defines the next important near-term support to watch where violations may trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Finished With a Loss and Near Session Low After Chance at Best-Ever Close - 1/28/2015 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
RH - NYSE Restoration Hardware Hld RETAIL - Home Furnishing Stores	$92.72	+0.77 0.84%	$94.38	569,344 59.74% of 50 DAV 50 DAV is 953,000	$100.66 -7.89%	12/11/2014	$98.66	PP = $94.60
								MB = $99.33
Most Recent Note - 2/3/2015 5:44:38 PM Y - Quietly rebounded above its 50 DMA line with a 2nd gain on light volume following a technical sell signal. Color code is changed to yellow, however it faces some resistance due to overhead supply. See the attest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Quiet Rebound Above 50-Day Moving Average Helped Technical Stance - 2/3/2015 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
UIHC - NASDAQ United Insurance Holding Insurance-Prop/Cas/Titl	$27.95	+1.06 3.94%	$28.28	598,827 215.41% of 50 DAV 50 DAV is 278,000	$26.93 3.79%	12/5/2014	$20.64	PP = $20.31
								MB = $21.33
Most Recent Note - 2/4/2015 5:28:45 PM G - Rallied for a 3rd consecutive volume-driven gain today and hit another new 52-week high, getting more extended from any sound base. Prior highs in the $22 area and its 50 DMA line define near-term support to watch. >>> FEATURED STOCK ARTICLE : Extended After Tallying More Volume-Driven Gains - 1/29/2015 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$160.87	+1.16 0.73%	$161.75	1,616,396 83.71% of 50 DAV 50 DAV is 1,931,000	$165.69 -2.91%	1/5/2015	$144.84	PP = $149.90
								MB = $157.40
Most Recent Note - 2/2/2015 6:24:32 PM G - Rallied for a best-ever close with below average volume behind today's gain, getting more extended from any sound base. Its 50 DMA line defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Perched at All-Time High Following 3 Quiet Gains - 1/23/2015 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