The major averages finished with gains on Monday, but anemic volume totals signaled that the institutional crowd was not accumulating shares and the recent weakness may not be over. Advancing issues beat decliners by 2-1 on the NYSE and by 5-4 on the Nasdaq. Options expirations had contributed to Friday's higher volume totals, meanwhile totals reported on the NYSE and on the Nasdaq exchange on Monday were clearly below average. New 52-week lows still outnumbered new 52-week highs on both the NYSE and on the Nasdaq exchange. There were 16 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 8 on the prior session. There were 12 gainers out of the 13 of the high-ranked leaders currently included on the Featured Stocks Page.

The markets were able to overcome continued Greek debt concerns. European leaders reassured investors that a default could be avoided even after euro-area governments failed to agree on a payment to Greece.  US stocks quietly traded higher as the S&P 500 Index bounced off its 200-day moving average, a key technical level. There were no economic reports. The Fed will begin a two-day meeting on interest rates Tuesday. The FOMC's mid-week policy statement has added significance with the expiration of the Fed's second round of quantitative easing (QE2) set to expire soon. World markets are also wondering what the Fed has planned amid the precarious conditions that currently loom over countries in the eurozone periphery.

Microsoft Corp (MSFT +0.87%) said it would announce its next next-generation Office cloud service next week. Wal-Mart Stores Inc (WMT +0.42%) posted a small gain after the U.S. Supreme Court sided with the retailer and rejected class-action status in a potentially huge sex-discrimination lawsuit.  Neither of the above mentioned companies has the quarterly and annual earnings growth history to be considered a match with the investment system's model winners. The best candidates our experts have identified are included on the Featured Stocks Page.

Recent weak action was noted as the market (M criteria) correction caused more worrisome technical damage, reminding investors to raise cash and reduce exposure until a new confirmed rally with follow-through day (FTD) occurs.  The June 2011 issue of CANSLIM.net News (read here) is now available to all upgraded members. Only UPGRADED members will also have access to the upcoming Q2 2011 Webcast scheduled for Wednesday, June 29th at 8PM EST. 

PICTURED: The Dow Jones Industrial Average's modest winning streak reached three days and approximately +1.5%. A follow-through day (FTD) occurring between Day 4 and Day 7 of a new rally is considered the most ideal confirmation of a new rally attempt.  To produce a solid FTD there should be a gain of at least +1.4% or more from at least one of the major averages, and the gain must come with higher volume and an expansion in leadership (new 52-week highs). Meanwhile, any deterioration under the Day 1 lows would officially end the nascent rally attempt and signal that the market's correction is continuing.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO +2.75%) posted a standout gain, rallying up from its 50-day moving average (DMA) line.

Ulta Salon Cosmetics & Fragrance, Inc. (ULTA +$1.32 or +2.30% to $58.74) posted a gain today with +14% above average volume for its second-best close ever. It is perched near its all-time high, extended from any sound base pattern.  Disciplined investors may watch for another sound base to possibly be formed and noted. Since its last appearance in this FSU section on 5/26/11 with analysis and an annotated graph under the headline, "Institutional Ownership Increased During Considerable Rally", it endured distributional pressure, violating its 50-day moving average (DMA) line and slumping briefly under earlier lows raising additional concerns. Its solid 6/08/11 gain with heavy volume, after gapping up, soon repaired the violation and helped its outlook, technically. Its recent low ($48.68 on 6/03/11) defines an important support level to watch now, where any subsequent violation would raise more serious concerns and trigger more worrisome sell signals.

It has been repeatedly noted as extended from any sound base, having steadily climbed, hardly pausing for any sufficient new base to form since its breakout early this year cleared the last pivot point cited. Since first featured in yellow in the 3/12/10 mid-day report at $22.81 and (read here) and in a more detailed Stock Bulletin later that afternoon under the headline "Strong Earnings Increases Help Leader Meet Key Criteria", in just over 15 months it has traded up as much as +160.4%. The number of top-rated funds with an ownership interest has grown from 274 funds in Mar '10 to 463 funds as of Mar '11 which is an encouraging sign of increasing institutional interest (the I criteria). Management's 25% ownership stake (after the latest offering) still keeps the company's directors very motivated to look after and build shareholder value. Its strong quarterly earnings increases above the +25% guideline in the 7 latest comparisons satisfies the C criteria, and its solid annual earnings (A criteria) history is also very reassuring.

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
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$79.35	+2.64 3.44%	$79.67	58,284 151.78% of 50 DAV 50 DAV is 38,400	$82.29 -3.57%	6/2/2011	$76.10	PP = $82.39
								MB = $86.51
Most Recent Note - 6/20/2011 1:34:45 PM Y - High-ranked leader in the Finance - Consumer Loans industry is consolidating above its 50 DMA line. It faces little resistance due to overhead supply while now perched -4.2% off its 52-week high. Its color code was changed back to yellow after its recent resilience. Disciplined investors may watch for gains above its recent highs and wait for a follow-through day to confirm a new rally. Meanwhile, recent lows near $75 define important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2011. 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
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$276.05	+7.08 2.63%	$277.25	629,213 60.83% of 50 DAV 50 DAV is 1,034,400	$295.99 -6.74%	4/1/2011	$274.00	PP = $275.10
								MB = $288.86
Most Recent Note - 6/20/2011 1:36:10 PM G - Gain today with light volume has it trading near its 50 DMA line which has acted as resistance. It has not formed a sound base pattern. An upward trendline connecting its July 2010 and May 2011 lows defines an initial technical support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2011. 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
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$30.65	+0.33 1.09%	$30.98	514,331 145.66% of 50 DAV 50 DAV is 353,100	$33.31 -7.99%	6/13/2011	$31.18	PP = $33.41
								MB = $35.08
Most Recent Note - 6/20/2011 5:09:34 PM Y - Overcame early weakness today for a positive reversal near its 50 DMA line as it posted a small gain with slightly above average volume. Recent lows also help define important near-term chart support in the $29 area. The M criteria argues against new buying efforts without a FTD from at least one of the major averages as confirmation of a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 6/13/2011. 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
FCFS - NASDAQ First Cash Financial Svs SPECIALTY RETAIL - Specialty Retail, Other	$39.07	+0.13 0.33%	$39.36	130,686 68.89% of 50 DAV 50 DAV is 189,700	$42.36 -7.77%	5/31/2011	$42.00	PP = $40.23
								MB = $42.24
Most Recent Note - 6/20/2011 5:02:37 PM G - Small gain today on lighter than average volume. Its 50 DMA line and prior lows in the $37 area define support to watch. Its color code was changed to green after damaging losses on higher volume negated its latest breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 5/31/2011. 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
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$110.71	+4.03 3.78%	$110.98	633,241 85.07% of 50 DAV 50 DAV is 744,400	$110.61 0.09%	2/1/2011	$73.30	PP = $74.44
								MB = $78.16
Most Recent Note - 6/20/2011 5:05:39 PM G - Closed near the session high after hitting a new high today with a gain on lighter than average volume. Inching higher after 5 weeks of trading in a very tight range forming a "late-stage" base. Prior highs near $96 define support to watch below its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2011. 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
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$44.04	+1.00 2.32%	$44.88	1,125,639 135.78% of 50 DAV 50 DAV is 829,000	$45.11 -2.37%	6/16/2011	$42.44	PP = $45.21
								MB = $47.47
Most Recent Note - 6/20/2011 12:53:22 PM Y - Gain today has it possibly poised for a new high close while consolidating above its 50 DMA line. A powerful technical breakout could trigger a new (or add-on) technical buy signal, however the M criteria argues against new buying efforts without a follow-through day from at least one of the major averages confirming a new rally. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2011. 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
INFA - NASDAQ Informatica Corp COMPUTER SOFTWARE and SERVICES - Business Software and Services	$55.45	+1.32 2.44%	$55.52	948,542 75.54% of 50 DAV 50 DAV is 1,255,700	$59.98 -7.55%	3/24/2011	$50.04	PP = $49.86
								MB = $52.35
Most Recent Note - 6/20/2011 4:38:41 PM G - Posted a second consecutive gain today with lighter volume, finding support near its 50 DMA line. Hit a new 52-week high on 6/01/11 but then there was a negative reversal noted. This high-ranked Computer Software - Database firm did not form a sound new base pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 6/17/2011. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$79.80	+0.55 0.69%	$79.95	34,730 40.10% of 50 DAV 50 DAV is 86,600	$86.99 -8.27%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 6/17/2011 4:04:46 PM G - It may be forming a new base, however gains have lacked volume conviction following its 50 DMA line violation. Technically, that important short-term average has acted as resistance and a gain above it is needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 6/9/2011. 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
OPNT - NASDAQ Opnet Technologies INTERNET - Internet Software and Services	$36.96	+0.60 1.65%	$37.18	55,307 44.64% of 50 DAV 50 DAV is 123,900	$42.51 -13.06%	5/11/2011	$41.21	PP = $40.50
								MB = $42.53
Most Recent Note - 6/20/2011 4:50:36 PM G - Small gain today on light volume while still consolidating below its 50 DMA line which recently has acted as resistance. Deterioration under its earlier chart low ($35.13 on 4/12/11) would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2011. 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
OTEX - NASDAQ Open Text Corp INTERNET - Internet Software and Services	$59.72	+0.86 1.46%	$59.80	186,840 58.90% of 50 DAV 50 DAV is 317,200	$67.08 -10.97%	6/1/2011	$65.86	PP = $67.18
								MB = $70.54
Most Recent Note - 6/20/2011 4:54:16 PM G - Closed near the session high today after a positive reversal. It faces resistance up through $66 due to the overhead supply created while trading at higher levels in recent months. Technically, gains above its 50 DMA line are needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 6/2/2011. 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	$25.40	+0.39 1.56%	$25.62	823,941 119.07% of 50 DAV 50 DAV is 692,000	$26.68 -4.80%	6/7/2011	$24.22	PP = $25.05
								MB = $26.30
Most Recent Note - 6/20/2011 5:12:59 PM Y - Small gain today with +18% above average volume, rising back above its pivot point. Following its recent breakout there was a worrisome negative reversal on 6/15/11 with volume 4 times average after hitting a new 52-week high. Prior resistance in the $24-25 area may now act as an initial support level. Previously noted - "Concerns remain until a follow-through day confirms the broader market (M criteria) is truly favorable." >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2011. 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$58.74	+1.32 2.30%	$59.01	816,500 113.73% of 50 DAV 50 DAV is 717,900	$59.40 -1.11%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 6/20/2011 4:43:42 PM G - Gain today for a second-best close ever, perched near its all-time high, extended from any sound base pattern. The M criteria argues against new buying efforts in stocks until a new confirmed rally with follow-through day from at least one of the major averages. >>> The latest Featured Stock Update with an annotated graph appeared on 6/20/2011. 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
ZAGG - NASDAQ Zagg Inc SPECIALTY RETAIL - Specialty Retail, Other	$12.12	-0.18 -1.48%	$12.51	1,010,699 80.18% of 50 DAV 50 DAV is 1,260,600	$13.05 -7.14%	6/1/2011	$10.92	PP = $10.59
								MB = $11.12
Most Recent Note - 6/20/2011 4:58:56 PM G - Holding its ground with volume totals cooling, extended from the previously noted cup-with-handle type base pattern. Prior highs define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2011. 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