A report by the Financial Times helped overcome concerns that Greece may default on its debt and offset a prediction by Citigroup Inc (C +0.82%) that U.S. sovereign debt may be downgraded again in the next two to three years. Bank of America Corp (BAC +1.0%) rose after the bank said it will eliminate 30,000 jobs in the initial phase of a plan to cut annual costs by $5 billion by the end of 2013.

McDonald's Corp (MCD +1.36%) and 3-M Company (MMM +2.05%) added the most to the Dow Industrials. Semiconductor stocks chalked up gains after Broadcom Corp (BRCM -1.14%) said it will buy NetLogic Microsystems Inc (NETL +50.8%) for about $3.7 billion. The McGraw Hill Companies Inc (MHP +3.98%) rose after announcing plans to split into two companies and cut costs.

The market environment (M criteria) can barely be considered an uptrend that is under pressure, meanwhile the major averages are at least still sputtering above their Day 1 (8/09/11) lows.  Disciplined investors may only want to carefully consider new buying efforts when all key criteria are satisfied, and they may be wise to wait and see more evidence of new leadership before committing sidelined cash to substantial new positions. 

The September 2011 issue of CANSLIM.net News will be available soon.  The Q3 2011 Webcast has also been scheduled for Wednesday, September 28th at 8PM EST.  Links to all prior reports and webcasts are available on the Premium Member Homepage.

PICTURED: The S&P 500 Index managed a positive reversal for a gain with lighter volume.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +3.03%) faces near-term resistance at prior highs and its 50-day moving average (DMA) line.

Mastercard Inc Cl A (MA +$0.02 or +0.01% to $322.04) has again slumped near important support at its 50-day moving average (DMA) line and near its prior pivot point. A damaging violation of its 50 DMA line would raise concerns and may trigger a technical sell signal. The choppy action following its prior breakout has offered investors an opportunity to accumulate shares and pyramid into any positions without chasing it higher. While its latest consolidation may be considered a new base pattern, no new pivot point is being cited.  Last week it quietly wedged up to touch a new all-time high, but after gains on quiet volume it again pulled back to its 50 DMA line. The broader market (M criteria) has been noted for its recent lack of leadership and worrisome distributional pressure that argues for caution and smart defense more than any new buying efforts.

Mastercard's last FSU appearance was on 8/26/11 with an annotated weekly graph under the headline, "Quiet Gains Reveal Lack Of Conviction After Finding Support." It has been showing sales revenues acceleration and strong quarterly earnings increases, with the latest June 2011 quarter showing a +36% earnings increase on +22% sales revenues. It also has maintained a strong annual earnings (A criteria) history. A considerable 6/29/11 gain on heavy volume came after the Federal Reserve set a higher cap on debit-card fees (mentioned in the 6/29/11 Market Commentary - read here). In a handful of mid-day report appearances in June and July of this year it was noted -"It survived but failed to impress since it was dropped from the Featured Stocks list on 7/02/08 after an ominous 'double top' pattern triggered a technical sell signal."  A follow-up article dated 12/16/08 revisited MA and summarized the action under the headline, "Multiple Sell Signals Prompted Profit Taking; Serious Damage Followed".

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
ATHN - NASDAQ Athenahealth Inc DIVERSIFIED SERVICES - Business/Management Services	$60.52	+1.44 2.44%	$60.62	623,241 89.82% of 50 DAV 50 DAV is 693,900	$63.74 -5.05%	9/8/2011	$61.93	PP = $61.78
								MB = $64.87
Most Recent Note - 9/12/2011 5:04:15 PM Y - Quiet gain today for its second-best finish ever, climbing back above the previously noted significant high close ($60.00 on 8/03/11). See the latest FSU analysis for more details and a new annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 9/8/2011. 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
EXLS - NASDAQ Exlservice Holdings Inc DIVERSIFIED SERVICES - Business/Management Services	$24.89	+0.02 0.08%	$25.25	58,734 59.33% of 50 DAV 50 DAV is 99,000	$26.55 -6.25%	8/2/2011	$24.85	PP = $24.85
								MB = $26.09
Most Recent Note - 9/9/2011 4:19:12 PM Y - Loss today with higher volume after a gap down was indicative of mild distributional pressure as it slumped to a close near its prior pivot point. Its 50 DMA line defines important chart support to watch on pullbacks, where a violation would raise concerns and may trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2011. 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
FCFS - NASDAQ First Cash Financial Svs SPECIALTY RETAIL - Specialty Retail, Other	$48.35	-0.02 -0.04%	$49.10	208,259 57.96% of 50 DAV 50 DAV is 359,300	$49.13 -1.59%	5/31/2011	$42.00	PP = $40.23
								MB = $42.24
Most Recent Note - 9/9/2011 4:20:46 PM G - Holding its ground stubbornly near its all-time high, extended from its prior base. Its 50 DMA line defines supports to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2011. 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
JCOM - NASDAQ J 2 Global Communication INTERNET - Internet Software and Services	$30.69	+0.50 1.66%	$30.69	451,626 111.65% of 50 DAV 50 DAV is 404,500	$32.64 -5.97%	8/8/2011	$30.38	PP = $29.31
								MB = $30.78
Most Recent Note - 9/12/2011 5:06:05 PM G - Gain today with lighter but above average volume, finishing -6% off its 52-week high. Previous highs in the $30-31 area define initial chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2011. 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
MA - NYSE Mastercard Inc Cl A DIVERSIFIED SERVICES - Business/Management Services	$322.04	+0.02 0.01%	$325.49	1,541,724 102.42% of 50 DAV 50 DAV is 1,505,300	$345.13 -6.69%	8/3/2011	$324.82	PP = $322.38
								MB = $338.50
Most Recent Note - 9/9/2011 4:28:17 PM Y - Color code is changed to yellow after its slump to a close near important support at its 50 DMA line and near its prior pivot point. It finished near the session low with a loss on higher volume indicative of distributional pressure. A damaging violation of its 50 DMA would raise concerns and may trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2011. 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
MG - NYSE Mistras Group Inc DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services	$20.01	+0.20 1.01%	$20.16	198,944 113.36% of 50 DAV 50 DAV is 175,500	$20.82 -3.89%	8/10/2011	$17.89	PP = $17.58
								MB = $18.46
Most Recent Note - 9/9/2011 4:29:44 PM G - Holding its ground stubbornly near its 52-week high. Prior resistance in the $18 area and its 50 DMA line define important chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2011. 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
MKTX - NASDAQ Marketaxess Holdings Inc FINANCIAL SERVICES - Investment Brokerage - Nationa	$29.44	+0.04 0.14%	$29.73	254,937 103.38% of 50 DAV 50 DAV is 246,600	$30.95 -4.88%	7/29/2011	$25.87	PP = $26.35
								MB = $27.67
Most Recent Note - 9/9/2011 4:33:05 PM G - Loss on higher volume today was indicative of distributional pressure, but its close in the upper third of its intra-day range was a sign it found encouraging support. It is extended from its prior base. Prior resistance in the $26 area and its 50 DMA line define important chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 9/2/2011. 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
PSMT - NASDAQ Pricesmart Inc RETAIL - Drug Stores	$67.81	+0.81 1.21%	$67.97	357,235 126.72% of 50 DAV 50 DAV is 281,900	$68.05 -0.35%	8/30/2011	$63.01	PP = $62.37
								MB = $65.49
Most Recent Note - 9/12/2011 5:08:07 PM G - Inched higher today for a 5th consecutive gain backed by above average volume. Prior highs and its 50 DMA line define support levels to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2011. 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