On Wednesday the major averages finished mixed after a choppy trading session. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly a 3-2 margin on the NYSE and by a 6-5 margin on the Nasdaq exchange. The total number of stocks hitting new 52-week highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange, and the new lows total was in the single digits on the NYSE. There were 83 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up from the prior session total of 66 stocks. There were gains for 10 of the 13 high-ranked companies currently included on the Featured Stocks Page.

The market searched for direction throughout the day as investors digested the State of the Union address and economic data. President Obama's agenda focused on job creation, a strengthening of the middle class as well as tax hikes and spending cuts. Economic data was mixed. Retail sales posted a modest uptick in January and import prices advanced for the first time in three months. In addition, business inventories rose in December at the slowest pace in six months.

Sector action varied. Telecommunication was one of the biggest decliners as Sprint Nextel Corp (S -0.85%) pulled back. Financials were lower after a two-day rally as Citigroup Inc (C -0.79%) fell. Gains in industrials limited losses. General Electric (GE +3.59%) rallied after agreeing to sell its stake in NBC Universal and boosting its share repurchase plan. Materials were held back by Cliffs Natural Resources Inc (CLF -19.99%) dove after posting a large fourth-quarter loss and slashing its dividend. Notable profit tallies out after the close included Cisco Systems Inc (CSCO +0.81%), Whole Foods Market Inc (WFM +0.82%) and MetLife, Inc. (MET +1.0%) 

In fixed-income, Treasuries were lower after a government auction of 10-year notes saw weak demand. The 10-year note was down 11/32 to yield 2.02%. 

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 off its October 2007 all-time high.

Watch for an announcement via email concerning the next WEBCAST. The webcast will also be available via an updated link highlighted at the top of the Premium Member Homepage. 

PICTURED: The S&P 500 Index stands -3.6% below its all-time high of October 2007 while up +6.6% year-to-date. Subsequent gains into new all-time high territory may help the broader market gain more momentum as headlines may attract greater interest in stocks overall.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.28%) has rallied sharply this year, approaching its March 2012 highs.

Neenah Paper Inc (NP -$0.10 or -0.34% to $29.35) stalled after recently reaching a new 52-week high and then it slumped below its pivot point and traded below its 10-week moving average line defining important chart support, raising more concerns. Its Relative Strength rating has slumped to a 66, well below the 80+ minimum guideline for buy candidates under the fact-based investment system, and its color code was noted as it was changed to green due to the technical deterioration. It faces a little resistance due to the small amount of overhead supply up through the $32 area that may hinder its ability to rally, yet it remains perched only -9.9% off its 52-week high.

The "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 stock's last appearance in this FSU section on 1/25/13 included an annotated daily graph under the headline, "Featured in Mid-day Report and Finished With Negative Reversal Below Pivot Point". It was the observed - "A negative reversal indicates that it encountered a rush of willing sellers when it was a good position to close the session above its pivot point. Disciplined investors might be watching for subsequent gains with great volume conviction while rising above its pivot point and into new high territory as proof of lurking institutional buying demand which might lead to a more meaningful and sustained advance."

The weekly chart below illustrates the distributional action of late, as opposed to showing signs of institutional accumulation. The number of top-rated funds reportedly owning its shares has not shown any favorable trend, in fact, falling from 257 in Mar '12 to 252 in Dec '12, is a discouraging sign concerning the I criteria. Without any signs of fresh and substantial buying demand there is little reason for investors to take action.

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	$99.07	+0.11 0.11%	$99.40	2,264,600 60.10% of 50 DAV 50 DAV is 3,768,300	$102.29 -3.15%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 2/8/2013 4:00:02 PM G - Still perched near its all-time high, holding its ground stubbornly while very extended from its prior base. >>> 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	$16.58	+0.01 0.06%	$16.66	126,632 61.00% of 50 DAV 50 DAV is 207,600	$16.90 -1.89%	12/3/2012	$15.20	PP = $16.31
								MB = $17.13
Most Recent Note - 2/12/2013 1:43:34 PM Y - Rallying from its 50 DMA line with volume running at an above average pace behind today's considerable gain while trading within close striking distance of its best-ever close. Subsequent losses leading to a damaging 50 DMA line violation or 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	$40.13	+1.16 2.98%	$42.00	57,068,293 467.23% of 50 DAV 50 DAV is 12,214,300	$40.28 -0.37%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 2/13/2013 12:13:47 PM G - Reported earnings +11% on +6% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Off early highs after a considerable gap up today for a new 52-week high, despite sub par earnings results, after recently finding support near prior highs and at its 50 DMA line. Color code was changed to green as it rallied beyond its "max buy" level. >>> 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	$61.35	-0.65 -1.05%	$63.13	6,350,667 154.88% of 50 DAV 50 DAV is 4,100,400	$64.80 -5.32%	1/23/2013	$54.98	PP = $58.72
								MB = $61.66
Most Recent Note - 2/12/2013 12:33:10 PM Y - Reported earnings +129% on +70% sales revenues for the Dec '12 quarter versus the year ago period. Today's considerable "breakaway gap" for a new high with heavy volume while blasting above the pivot point triggered a convincing technical buy signal. As previously noted - "A breakaway gap has been noted as the one exception which allows for new buying efforts more than +5% above prior highs, however risk increases the further one chases any stock above prior highs." >>> The latest Featured Stock Update with an annotated graph appeared on 2/7/2013. 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
LNKD - NYSE Linkedin Corp Class A INTERNET - Internet Information Providers	$157.71	+2.71 1.75%	$157.77	2,597,687 126.51% of 50 DAV 50 DAV is 2,053,300	$158.90 -0.75%	2/8/2013	$147.04	PP = $127.55
								MB = $133.93
Most Recent Note - 2/12/2013 12:42:02 PM G - Quickly got very extended from prior highs and its color code was changed to green. It was highlighted in yellow with new pivot point cited based on its 1/28/13 high plus 10 cents in the 2/08/13 mid-day report. See the 2/08/13 analysis for more details and a new annotated graph under the headline "Quickly Extended From Prior Highs Following Big Breakaway Gap". >>> The latest Featured Stock Update with an annotated graph appeared on 2/8/2013. 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
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	$149.19	+0.59 0.40%	$149.83	51,268 55.48% of 50 DAV 50 DAV is 92,400	$151.49 -1.52%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 2/12/2013 1:47:16 PM G - Touched another new all-time high today then reversed into the red after 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$66.38	+0.14 0.21%	$66.49	241,441 67.31% of 50 DAV 50 DAV is 358,700	$75.75 -12.37%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 2/12/2013 1:50:54 PM G - Trading near its 50 DMA line ($66.17 now) today, where any more damaging losses may trigger a technical sell signal. Concerns were raised following a worrisome "negative reversal" on 2/01/13 after initially gapping up for a new 52-week high. Recent notes have repeatedly cautioned - "Reported earnings +20% on +33% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns." >>> 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	$29.35	-0.10 -0.34%	$29.65	130,330 166.88% of 50 DAV 50 DAV is 78,100	$32.57 -9.89%	1/25/2013	$31.80	PP = $31.76
								MB = $33.35
Most Recent Note - 2/13/2013 6:01:45 PM G - Its Relative Strength rating has slumped to a 66, well below the 80+ minimum guideline for buy candidates under the fact-based investment system, and its color code was changed to green. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/13/2013. 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	$46.58	+0.03 0.06%	$46.69	261,994 59.01% of 50 DAV 50 DAV is 444,000	$47.24 -1.40%	12/11/2012	$41.85	PP = $41.41
								MB = $43.48
Most Recent Note - 2/12/2013 1:55:41 PM G - Hovering near its 52-week high, holding its ground stubbornly after getting extended from its prior base. Its 50 DMA line (now $43.11) 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	$60.30	-14.68 -19.58%	$65.40	15,869,784 1,288.55% of 50 DAV 50 DAV is 1,231,600	$81.36 -25.88%	12/18/2012	$71.88	PP = $70.10
								MB = $73.61
Most Recent Note - 2/13/2013 10:02:03 AM Reported earnings +17% on +25% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria), and it gapped down today for a damaging loss violating its 50 DMA line and triggering a technical sell signal. Based on fundamental and technical deterioration it will be dropped from the Featured Stocks list tonight. >>> 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
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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$43.14	+1.42 3.40%	$43.31	642,858 182.16% of 50 DAV 50 DAV is 352,900	$49.18 -12.28%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 2/13/2013 2:44:12 PM G - Rebounding above its 50 DMA line today, a prompt and encouraging sign of support near that important short-term average and prior highs in the $41 area. Subsequent damaging losses below the prior session's low ($40.95) would raise more serious concerns and trigger additional worrisome technical sell signals. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/12/2013. 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
SFUN - NYSE Soufun Hldgs Ltd Ads A INTERNET - Internet Information Providers	$27.25	+0.19 0.70%	$27.46	115,859 37.21% of 50 DAV 50 DAV is 311,400	$29.16 -6.55%	3/11/2013	$27.46	PP = $29.26
								MB = $30.72
Most Recent Note - 2/11/2013 5:40:24 PM Y - Highlighted in yellow with pivot point cited based on its 1/08/13 high plus 10 cents in the earlier mid-day report. Disciplined investors may watch for subsequent volume-driven gains to confirm a proper 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 2/11/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$67.50	+0.07 0.10%	$67.81	916,362 61.68% of 50 DAV 50 DAV is 1,485,700	$67.98 -0.71%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 2/8/2013 7:06:03 PM G - Hit a new 52-week high with lighter than average volume behind today's 4th consecutive gain. 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