The market took a breather ahead of Thursday's monetary policy meeting in Europe. The central bank is expected to leave interest rates on hold and ECB President Draghi's euro zone outlook will garner attention. ECB policy meeting and summit of European leaders in Brussels.

Industrial stocks gave up ground, led by C.H. Robinson Worldwide Inc (CHRW -9.71%). Gains in telecommunication and utilities helped limit losses. Verizon Communications Inc's (VZ +0.43%) defensive characteristics pushed its shares up and Spectra Energy Corp (SE +3.64%) gained after topping earnings estimates. Also the earnings front, Ralph Lauren Corp (RL +5.89%) advanced after reporting better-than-expected quarterly results. Time Warner Cable Inc (TWC -0.14%) finished flat after profits topped analyst projections and it announced a dividend increase. Aflac Inc (AFL -4.32%) fell after reducing its full year profit forecast. The Walt Disney Co (DIS +0.42%) and Panera Bread Co (PNRA +0.80%) posted modest gains and Chipotle Mexican Grill Inc (CMG +5.72%) and Zynga Inc (ZNGA +9.12%) tallied bigger gains amid the wave of earnings news.

Notable profit tallies included News Corp (NWS +0.24%), Visa Inc (V +0.81%) and Yelp Inc (YELP +5.67%) reporting after the close.

In fixed-income, Treasury prices were higher as the 10-year note gained 11/32 to yield 1.96% and the 30-year bond increased 25/32 to yield 3.17%.

The latest rally has produced a few action worthy candidates meeting all of the fact-based investment system's criteria. Selectivity and discipline are required, as always. Investors may consider new buying efforts in stocks meeting all key criteria, as the market's (M criteria) confirmed uptrend has been comprised by great leadership (stocks hitting new 52-week highs) in the broader market. Widespread gains helped all of the major averages blast higher, and the benchmark S&P 500 Index is perched at its best level in more than five years and only -4% off its October 2007 all-time high.

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PICTURED: The Dow Jones Industrail Average has been hovering near the psychologically important 14,000 level. Its monthly graph shows it currently perched only -1.5% off its October 2007 all-time high. Subsequent gains into new high territory may help the broader market gain more momentum and may attract greater interest in stocks overall.

Financial shares ended with a slightly positive bias as the Bank Index ($BKX +0.26%) and Broker/Dealer Index ($XBD +0.29%) posted small gains on Wednesday. The Internet Index ($IIX +0.58%) and Semiconductor Index ($SOX +0.21%) led the tech sector higher while the Networking Index ($NWX +0.09%) and the Biotechnology Index ($BTK -0.09%) finished flat. The Oil Services Index ($OSX -0.39%) edged lower and the Gold & Silver Index ($XAU +0.63%) posted a modest gain while the Healthcare Index ($HMO +0.14%), Retail Index ($RLX -0.10%), and Integrated Oil Index ($XOI +0.16%) each was little changed at the session's close.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.10%) is consolidating above prior highs after a strong start for 2013.

Rackspace Hosting Inc (RAX -$0.52 or -0.69% to $75.12) is consolidating above important support at its multi-month upward trendline and its 50-day moving average (DMA) line shown virtually coinciding with each other on the annotated graph below. That defines important chart support to watch above prior highs in the $70 area, where any violations may trigger technical sell signals. Experienced investors know that volume and volatility often increase near earnings news. It was recently noted with caution - "It is extended from the previously noted base. Company will announce its fourth quarter 2012 financial results on Tuesday, February 12, 2013 after the close." 

RAX tallied an additional volume-driven gain for a new high two days after it was last shown in this FSU section with an annotated graph on 1/22/13 under the headline, "Pulled Back After Getting Extended Following Technical Breakout". It reported earnings +36% on +27% sales revenues for the quarter ended September 30, 2012 versus the year ago period and its fundamentals remain strong. The past 11 quarterly earnings comparisons have shown better than +25% increases (C criteria). Its annual earnings history (A criteria) since trading began in 2008 has been good. Increasing institutional ownership (I criteria) is a reassuring sign, as the number of top-rated funds owning its shares rose from 408 in Dec '10 to 656 in Dec '12.

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	$97.89	-1.87 -1.87%	$99.69	3,277,036 89.05% of 50 DAV 50 DAV is 3,680,000	$102.29 -4.30%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 2/4/2013 6:19:32 PM G - Perched near its all-time high, very extended from its prior base. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/4/2013. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$16.30	-0.12 -0.73%	$16.33	118,041 53.90% of 50 DAV 50 DAV is 219,000	$16.90 -3.55%	12/3/2012	$15.20	PP = $16.31
								MB = $17.13
Most Recent Note - 2/5/2013 3:49:27 PM Y - Rebounding today with below average volume while rising back above its pivot point and still consolidating just above its 50 DMA line defining important near-term support. Subsequent losses leading to a damaging violation and a slump below the recent low ($15.74 on 1/18/13) would raise concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 1/31/2013. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$38.73	-0.51 -1.30%	$39.15	11,499,799 97.43% of 50 DAV 50 DAV is 11,802,600	$40.28 -3.85%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 2/5/2013 3:39:08 PM Y - Rallying up from support near prior highs and its 50 DMA line with a solid volume-driven gain today. A subsequent violation of the latest low ($37.81 on 2/04/13) would trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/29/2013. 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$55.87	+0.49 0.88%	$56.50	4,479,338 127.78% of 50 DAV 50 DAV is 3,505,500	$60.00 -6.88%	1/23/2013	$54.98	PP = $58.72
								MB = $61.66
Most Recent Note - 2/5/2013 3:54:39 PM Y - Managed an impressive "positive reversal" with a gain on heavy volume after a weak start today that tested support at its 50 DMA line following 6 consecutive losses. It slumped since a noted "negative reversal" after touching a new 52-week high on 1/28/13, and it was previously noted with caution - "Disciplined investors may watch for volume-driven gains above the pivot point to trigger a proper technical buy signal before taking action. See the latest FSU analysis under the headline, 'High-Ranked Luxury Apparel Firm Worthy For Watchlist - Wednesday, January 23, 2013', for more details and an annotated weekly graph." >>> The latest Featured Stock Update with an annotated graph appeared on 1/23/2013. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$148.15	+0.63 0.43%	$149.37	100,110 110.37% of 50 DAV 50 DAV is 90,700	$148.40 -0.17%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 2/5/2013 3:36:13 PM G - Volume is above average while rallying and hitting another new all-time high today, getting even more extended from any sound base. Prior highs and its 50 DMA line define important near-term chart support in the $132-134 area. >>> The latest Featured Stock Update with an annotated graph appeared on 1/30/2013. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$67.80	-0.66 -0.96%	$68.87	335,068 91.90% of 50 DAV 50 DAV is 364,600	$75.75 -10.50%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 2/5/2013 5:48:32 PM G - Posted a gain today after slumping toward its 50 DMA line. Following a worrisome "negative reversal" on 2/01/13 after initially gapping up for a new 52-week high, the mid-day report cautioned - "Reported earnings +20% on +33% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns." See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/5/2013. 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
NP - NYSE Neenah Paper Inc CONSUMER NON-DURABLES - Paper and Paper Products	$30.32	-0.12 -0.39%	$30.42	55,609 71.29% of 50 DAV 50 DAV is 78,000	$32.57 -6.91%	1/25/2013	$31.80	PP = $31.76
								MB = $33.35
Most Recent Note - 2/4/2013 6:39:09 PM Y - Remains below its pivot point today, consolidating following a spurt of volume-driven losses. A "negative reversal" for a loss on heavy volume after hitting a new 52-week high on 1/25/13 was noted as a worrisome sign of distributional pressure as it failed to finish strong and did not clinch a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/25/2013. 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	$47.07	+2.07 4.60%	$47.07	1,000,477 233.21% of 50 DAV 50 DAV is 429,000	$46.49 1.25%	12/11/2012	$41.85	PP = $41.41
								MB = $43.48
Most Recent Note - 2/6/2013 12:33:30 PM G - Today's volume-driven gain helped it touch another new 52-week high, getting more extended from its prior base. Its 50 DMA line (now $42.69)defines near-term support above its prior base. >>> The latest Featured Stock Update with an annotated graph appeared on 2/1/2013. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$75.12	-0.52 -0.69%	$76.15	750,636 64.93% of 50 DAV 50 DAV is 1,156,000	$81.36 -7.67%	12/18/2012	$71.88	PP = $70.10
								MB = $73.61
Most Recent Note - 2/6/2013 7:25:43 PM G - Consolidating above important chart support at an upward trendline and its 50 DMA line. Recently noted with caution - "It is extended from the previously noted base. Company will announce its fourth quarter 2012 financial results on Tuesday, February 12, 2013 after the close." See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/6/2013. 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$47.80	+0.07 0.15%	$48.35	175,822 56.44% of 50 DAV 50 DAV is 311,500	$49.18 -2.81%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 2/5/2013 3:47:45 PM G - Retreating from its 52-week high today with its 2nd loss on above average volume in the span of 3 sessions, a sign it is encountering more distributional pressure. Previously noted - "Extended from its prior base. Prior highs and 50 DMA line coincide near $41 defining important chart support to watch on pullbacks." >>> The latest Featured Stock Update with an annotated graph appeared on 1/24/2013. 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	$66.91	+0.27 0.41%	$66.99	627,611 40.65% of 50 DAV 50 DAV is 1,544,100	$67.65 -1.09%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 2/4/2013 6:35:07 PM G - Retreated from its 52-week high with higher (near average) volume behind today's loss. It is extended from its prior base, and its 50 DMA coincides with prior highs near $61 defining near-term chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 1/28/2013. 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