The market remained higher even after the International Monetary Fund reduced its 2013 forecast for U.S. growth to 1.7% from its prediction of 1.9% back in April. Shares of Alcoa Inc (AA -0.13%) ended slightly lower despite posting better-than-expected profit results. The telecom group underperformed Verizon Communcations Inc (VZ -0.14%) and wireless equipment maker Crown Castle International Inc (CCI -0.86%) edging lower.

Homebuilders including DR Horton Inc (DHI +7.55%) and retailers paced an advance in consumer stocks. Barnes & Noble Inc (BKS +5.38%) rose after announcing the resignation of its CEO. Industrials and materials were also among the better performing groups. FedEx Corp (FDX +4.37%) rallied following the company's announcement it settled a lawsuit claiming it overcharged customers. Shares of Cliffs Natural Resources Inc (CLF +2.69%) rose amid gains in energy-related shares.

The Kroger Co (KR +2.65%) traded higher after the grocer agreed to acquire Harris Teeter Supermarkets Inc  (HTSI +1.53%) for $2.5 billion in cash.  Intuitive Surgical Inc (ISRG -16.15%) was the biggest decliner in the S&P 500, falling hard after reporting preliminary earnings results that fell short of consensus estimates.

In the financials, banks finished mixed after US regulators proposed an increase in capital requirements for large institutions. Zions Bancorp (ZION -2.25%) fell and Bank of America Corp (BAC +1.88%) rose.

Treasuries were mixed. The 10-year note was flat to yield 2.64%.

Wednesday's session marks Day 11 of the current rally attempt. Disciplined investors will note that the market (M criteria) did not produce a follow-through day within the most ideal period between days 4-7 of a new rally attempt. In spite of the recent rebound there is still a need for caution until a new rally is confirmed by a proper follow-through day (FTD) of meaningful gains (+1.4% or greater) from at least one of the major averages on higher volume coupled with an expansion in leadership (stocks hitting new 52-week highs). The rally attempt remains valid unless the Day 1 lows are violated which would clearly indicate deterioration and signal that the correction is worsening.

Upcoming CANSLIM.net reports will observe and explain any noteworthy shifts in the market direction (M criteria) while especially highlighting the characteristics and important details in the bold portion of this commentary. Regular readers are aware via prior reports since early June repeatedly reminding members - "Be protective of any gains, and limit losses!  Be especially watchful for any individual issues flashing technical sell signals.  It is vitally important to your success with the fact-based investment system to reduce exposure and preserve cash during market downdrafts."

Individual leaders best matching the winning models of the fact-based investment system are on the Featured Stocks Page - with our Certified experts' latest notes and links to additional resources including detailed analysis with annotated graphs.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The Dow Jones Industrial Average recently repaired its 50-day moving average (DMA) line violation and the downward trendline formed in recent weeks.

Gains in financial shares underpinned the major averages again as the Broker/Dealer Index ($XBD +1.34%) outpaced the Bank Index ($BKX +0.44%).  The Semiconductor Index ($SOX +1.05%) and Internet Index ($IIX +0.92%) led the tech sector higher while the Biotechnology Index ($BTK +0.59%) posted a smaller gain and the Networking Index ($NWX +0.10%) inched higher. The Retail Index ($RLX +0.55%) and Healthcare Index ($HMO +0.91%) had a positive bias. Commodity-linked groups traded higher as the Gold & Silver Index ($XAU +1.19%), Oil Services Index ($OSX +1.03%) and the Integrated Oil Index ($XOI +0.51%) posted gains.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.34%) hit another new 2013 high with its 4th consecutive gain.

PCLN had been dropped from the Featured Stocks list on 5/14/12 when an annotated graph was included under the headline, "Slump Created Overhead Supply That May Now Act As Resistance". Following that appearance it went through a long and deep consolidation below its 200-day moving average (DMA) line and subsequently rebounded to its prior highs one year later.

Keep in mind, the investment system's biggest winning models were typically held by at least a few mutual funds and attracting many others. However, once a stock is very heavily owned by a long list of mutual funds, as is now the case with PCLN, investors should be especially cautious and alert for any technical sell signals or fundamental disappointments which could prompt a rush for the exits. The number of top-rated funds owning its shares rose from 1,528 in Sep '12 to 1,615 in Mar '13, and increasing interest is an encouraging sign concerning the I criteria.

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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$16.90	-0.08 -0.47%	$17.17	451,680 38.36% of 50 DAV 50 DAV is 1,177,500	$18.58 -9.04%	5/6/2013	$15.31	PP = $16.10
								MB = $16.91
Most Recent Note - 7/8/2013 2:03:36 PM G - Quietly consolidating near its "max buy" level. Found support while recently consolidating above its 50 DMA line - important chart support where a violation would trigger a worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2013. 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$45.35	-2.10 -4.43%	$47.50	381,217 241.43% of 50 DAV 50 DAV is 157,900	$51.72 -12.32%	4/25/2013	$40.16	PP = $40.84
								MB = $42.88
Most Recent Note - 7/9/2013 5:47:10 PM G - Slid further below its 50 DMA line with today's loss on above average volume raising concerns. Finished near the session low and below the closing price on the day of its significant prior low ($44.83 on 6/05/13) previously noted as important support. >>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2013. 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
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$85.80	+1.54 1.83%	$85.85	765,176 85.75% of 50 DAV 50 DAV is 892,300	$89.75 -4.40%	5/29/2013	$86.02	PP = $85.66
								MB = $89.94
Most Recent Note - 7/9/2013 5:50:14 PM G- Rose from its 50 DMA line and finished near the session high with below average volume behind its gain. The recent low ($80.28 on 6/21/13) defines important near-term support where a violation would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/28/2013. 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
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$34.84	+0.33 0.96%	$35.16	549,369 130.24% of 50 DAV 50 DAV is 421,800	$35.17 -0.94%	6/19/2013	$31.47	PP = $34.17
								MB = $35.88
Most Recent Note - 7/5/2013 6:36:54 PM Y - Touched a new 52-week high but reversed into the red at the close. Subsequent volume driven gains above its pivot point may trigger a new technical buy signal. Its 50 DMA line and recent lows define support in the $30-31 area. >>> The latest Featured Stock Update with an annotated graph appeared on 7/2/2013. 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
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$897.06	+8.43 0.95%	$900.40	904,070 123.46% of 50 DAV 50 DAV is 732,300	$889.40 0.86%	7/8/2013	$878.28	PP = $847.43
								MB = $889.80
Most Recent Note - 7/9/2013 6:27:28 PM G - Rallied above its "max buy" level with today's 10th consecutive gain and its color code is changed to green while getting extended from its base. Prior highs in the $847 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/9/2013. 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
PRAA - NASDAQ Portfolio Recovery Assoc DIVERSIFIED SERVICES - Business/Management Services	$146.51	-2.85 -1.91%	$151.83	202,468 222.49% of 50 DAV 50 DAV is 91,000	$163.87 -10.59%	5/1/2013	$130.77	PP = $127.88
								MB = $134.27
Most Recent Note - 7/9/2013 6:29:39 PM G - Violated important support at its 50 DMA line today with a 2nd consecutive damaging loss with above average volume raising greater concerns and triggering a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/25/2013. 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
PRLB - NYSE Proto Labs Inc MANUFACTURING - Small Tools and Accessories	$63.38	-0.76 -1.18%	$64.97	405,722 86.84% of 50 DAV 50 DAV is 467,200	$67.40 -5.96%	6/17/2013	$59.37	PP = $59.94
								MB = $62.94
Most Recent Note - 7/8/2013 2:08:25 PM G- Still holding its ground stubbornly near its 52-week high with volume totals cooling following a "negative reversal" on 6/28/13 with heavy volume. Prior highs near $59 define important near-term support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/26/2013. 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
RRTS - NYSE Roadrunner Trans Systems TRANSPORTATION - Air Delivery and Freight Service	$29.54	+1.18 4.16%	$29.55	129,966 63.06% of 50 DAV 50 DAV is 206,100	$29.52 0.07%	4/3/2013	$22.77	PP = $23.75
								MB = $24.94
Most Recent Note - 7/5/2013 6:32:20 PM G - Finished at the session high and 2 cents off its best-ever close with a gain on below average volume. Wedged higher without great volume conviction after finding support above its 50 DMA line. Perched within close striking distance of its 52-week high. >>> The latest Featured Stock Update with an annotated graph appeared on 7/3/2013. 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
SSYS - NASDAQ Stratasys Ltd COMPUTER HARDWARE - Computer Peripherals	$87.73	-2.62 -2.90%	$91.00	1,206,110 152.50% of 50 DAV 50 DAV is 790,900	$94.90 -7.55%	7/8/2013	$91.44	PP = $95.00
								MB = $99.75
Most Recent Note - 7/9/2013 1:00:53 PM Y - Pulling back today following a "negative reversal" on the prior session with above average volume. The pivot point cited is based on its 5/14/13 high plus 10 cents, and very little resistance remains due to overhead supply. Earnings history above the +25% minimum guideline satisfies the C criteria. The 7/05/13 mid-day report noted - "Reported earnings +54% on +116% sales revenues for the Mar '13 quarter versus the year ago period." See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/8/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$89.96	-0.07 -0.08%	$90.96	1,506,724 72.10% of 50 DAV 50 DAV is 2,089,900	$96.25 -6.54%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 7/5/2013 6:33:02 PM G- Holding its ground since completing a new Public Offering on 6/18/13 following recent M&A news. Concerns were raised by its sub par Mar '13 earnings report. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/5/2013. 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
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