The major averages got smacked on Thursday sending the benchmark S&P 500 Index to its longest losing streak in seven weeks, dragged lower by the ailing financial sector and the latest round of tepid economic data. Volume totals were reported higher on the NYSE and the Nasdaq exchange compared to Wednesday's levels which marked the latest distribution day and suggests large institutions are aggressively selling stocks. Decliners trumped advancers by more than 3-to-1 on the NYSE and on the Nasdaq exchange. There were only 2 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, barely higher than the 1 issue that appeared on the prior session. Leadership has evaporated, and without a healthy crop of leaders hitting new highs it is hard for the major averages to sustain a rally. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.

Before Thursday's opening bell, two separate government reports showed unemployment claims fell from a two-month high while durable-goods orders excluding transportation rose slightly. The Labor Department said weekly jobless claims (i.e. the number of Americans applying for jobless benefits) slid by -19,000 to 457,000 in the week ended June 19. Elsewhere, the Commerce Department said durable goods, goods meant to last at least three years, excluding autos and aircraft, rose in May for the third time since February 2010. However, the overall reading was down -1.1%. The fact that the major averages sold off on the news suggests investors were not pleased with the results.

Technically, the fact that both the Dow Jones Industrial Average and the S&P 500 Index continue falling after closing below their respective 200-day moving average (DMA) lines earlier this week suggests the market may retest its recent lows. Looking forward, the 50 DMA line may act as stubborn resistance and this month's lows should act as support. Since the June 15, 2010 follow-through day (FTD), this column has steadily noted the importance of remaining very selective and disciplined because all of the major averages are still trading below their downward sloping 50-day moving average (DMA) lines. This week's sell-off simply confirms that view. Trade accordingly.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -2.23%) closed below its 200 DMA line after its 4th consecutive loss.

Summer Infant Inc (SUMR  +$0.12 or +1.76% or $6.93) has seen its Accumulation/Distribution rank fall, from a B- when it was first featured in the 5/04/10 mid-day report, to a worst possible E rating today. Since negating its breakout, volume behind the latest gains has been light. Gains above its 50-day moving average (DMA) line and above recent chart highs near $7.40 would be an encouraging technical improvement.  Meanwhile, recent chart lows in the $6.25 area define the next important support level to watch.

Recent quarterly comparisons show sales revenues growth accelerating and big earnings increases (triple digit percentages), plus it has a good annual earnings (A criteria) history.  Low-priced stocks are supposed to be avoided under the fact-based system because they are typically riskier candidates, however, when all key criteria are satisfied and market conditions are bullish buying efforts may be justified. Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and since 6/15/2010 (read here) when the new rally produced a follow-through day, distributional has begun weighing on the market again.

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
AAPL - NASDAQ Apple Inc COMPUTER HARDWARE - Personal Computers	$269.00	-1.97 -0.73%	$273.20	25,501,995 91.52% of 50 DAV 50 DAV is 27,864,000	$279.01 -3.59%	6/17/2010	$270.95	PP = $272.56
								MB = $286.19
Most Recent Note - 6/24/2010 4:54:01 PM Y - Hovering near its all-time high since featured in the 6/17/10 mid-day report (read here) with a new pivot point cited based upon its all-time high plus ten cents while "working on the right side of a choppy 9-week consolidation marked by heavy distribution." >>> The latest Featured Stock Update with an annotated graph appeared on 6/17/2010. 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
APEI - NASDAQ American Public Educ Inc DIVERSIFIED SERVICES - Education and Training Services	$45.57	+0.18 0.40%	$46.21	116,816 67.06% of 50 DAV 50 DAV is 174,200	$48.95 -6.91%	6/7/2010	$46.60	PP = $46.29
								MB = $48.60
Most Recent Note - 6/24/2010 4:56:11 PM Y - Holding its ground above its 50 DMA line today. Slumped below its pivot point after gains to new highs on better volume. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2010. 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$73.80	-2.39 -3.14%	$75.91	10,588,055 69.21% of 50 DAV 50 DAV is 15,298,500	$82.29 -10.32%	1/13/2010	$43.13	PP = $42.68
								MB = $44.81
Most Recent Note - 6/24/2010 5:03:07 PM G - Consolidating -10% below its 52-week high while building a sloppy late-stage base. >>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2010. 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
BRLI - NASDAQ Bio Reference Labs Inc HEALTH SERVICES - Medical Laboratories and Researc	$23.00	-0.01 -0.04%	$23.26	231,677 123.17% of 50 DAV 50 DAV is 188,100	$24.67 -6.78%	6/15/2010	$23.57	PP = $24.77
								MB = $26.01
Most Recent Note - 6/23/2010 12:20:20 PM Y - Consolidating in a tight range for the past 4 weeks near its 50 DMA line, still perched within close striking distance (-7%) of its all-time high. >>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2010. 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
CISG - NASDAQ Cninsure Inc Ads INSURANCE - Insurance Brokers	$27.47	-0.10 -0.36%	$27.81	332,580 106.87% of 50 DAV 50 DAV is 311,200	$28.62 -4.02%	6/16/2010	$27.20	PP = $27.75
								MB = $29.14
Most Recent Note - 6/24/2010 5:05:26 PM Y - Hovering in a tight trading range near its pivot point since featured in the 6/16/10 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 6/18/2010. 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
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$91.04	-1.90 -2.04%	$93.64	2,870,033 106.00% of 50 DAV 50 DAV is 2,707,500	$97.94 -7.05%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 6/24/2010 5:06:35 PM G - Consolidating above its old pivot point. Prior highs in the $89 area are an important support level to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2010. 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
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$153.18	-4.58 -2.90%	$156.73	302,285 57.50% of 50 DAV 50 DAV is 525,700	$168.52 -9.10%	6/11/2010	$157.34	PP = $158.57
								MB = $166.50
Most Recent Note - 6/24/2010 5:10:24 PM Y - Gapped down today for a loss on light volume, sinking further below its pivot point near prior chart highs that may now serve as initial support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2010. 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
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$71.98	-2.38 -3.20%	$74.09	1,479,720 87.49% of 50 DAV 50 DAV is 1,691,300	$77.10 -6.64%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 6/24/2010 5:11:38 PM Y - Gapped down today for a loss on below average volume. Gain on 6/16/10 with +55% above average volume helped it trigger a technical buy signal with its breakout from a flat base of about 5-weeks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2010. 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
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$56.85	-0.74 -1.28%	$57.60	798,568 102.74% of 50 DAV 50 DAV is 777,300	$62.14 -8.51%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 6/24/2010 5:14:31 PM G - Consolidating above prior chart highs in the $55 area that define support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2010. 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
NEM - NYSE Newmont Mining Corp METALS and MINING - Gold	$58.95	-0.13 -0.22%	$60.20	9,650,024 103.42% of 50 DAV 50 DAV is 9,331,300	$61.78 -4.58%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 6/24/2010 5:17:36 PM Y - Perched near all-time highs with no overhead supply to act as resistance. It was featured in a 6/22/10 Stock Bulletin with annotated graph (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2010. 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
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$37.20	+0.21 0.57%	$37.43	822,453 61.07% of 50 DAV 50 DAV is 1,346,800	$40.06 -7.14%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 6/24/2010 5:20:41 PM G - Quietly consolidating near its 50 DMA line. Recently found support near prior lows in the $35 area, and stayed above its October 2009 chart high. >>> The latest Featured Stock Update with an annotated graph appeared on 6/9/2010. 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
SUMR - NASDAQ Summer Infant Inc CONSUMER NON-DURABLES - Personal Products	$6.93	+0.12 1.76%	$7.07	47,822 58.89% of 50 DAV 50 DAV is 81,200	$8.42 -17.70%	5/4/2010	$6.85	PP = $7.09
								MB = $7.44
Most Recent Note - 6/24/2010 5:32:25 PM G - Since negating its breakout volume behind gains has been light. Gains above its 50 DMA line and above recent chart highs near $7.40 would be an encouraging technical improvement while recent chart lows in the $6.25 area define important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2010. 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
THOR - NASDAQ Thoratec Corp HEALTH SERVICES - Medical Instruments and Supplies	$43.66	-0.68 -1.53%	$44.29	843,934 85.10% of 50 DAV 50 DAV is 991,700	$47.93 -8.91%	6/3/2010	$44.38	PP = $45.35
								MB = $47.62
Most Recent Note - 6/24/2010 5:35:19 PM Y- Loss today on below average volume, but its deeper slump below its pivot point raises concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/23/2010. 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	$24.42	-0.55 -2.18%	$24.81	564,573 90.20% of 50 DAV 50 DAV is 625,900	$26.75 -8.71%	5/28/2010	$25.58	PP = $25.86
								MB = $27.15
Most Recent Note - 6/24/2010 5:39:37 PM Y - Pulled back for a 4th consecutive loss today after a negative reversal from an all-time high on 6/21/10. On 6/11/10 it completed a Secondary Offering which may hinder upward price progress for the near-term. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2010. 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