The Dow Jones Industrial Average traded down as many as 253 points in the early going on Monday after the market opened with a negative bias, then throughout the session the blue chips and other indices recovered but still finished with losses. The reported volume totals were lighter on the NYSE and on the Nasdaq exchange following Friday's totals that were inflated by options expirations. Declining issues beat advancers by 7-2 on the NYSE and by nearly 4-1 on the Nasdaq.exchange. New 52-week lows outnumbered new 52-week highs on both the Nasdaq exchange and the NYSE. There were 20 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 28 stocks. However, there were gains from 9 of the 12 high-ranked companies currently included on the Featured Stocks Page.

The mood improved in the final hour when Greek officials said they were closer to an agreement on a deal to win a new aid payment and avoid default. Talks will resume tomorrow.

Financial and energy sectors felt the most pressure. Oil prices fell to a three-week low in New York on worries demand may falter and after OPEC indicated that global consumption of oil is rising less than expected. Technology shares were led by Apple Inc (AAPL +2.9%) as it hit a new all-time high. 

Standout stocks included Tyco International Ltd  (TYC +2.40%) after the firm announced a plan to split into three companies. Goodrich (GR +15.84%) gapped up and touched a 30-year high as talks continued on a possible United Technologies (UTX +0.07%) acquisition. There was a ray of hope for the homebuilding industry. Lennar Corp (LEN +4.86%) said consumers are returning to the market as the company posted its sixth straight quarterly profit. 

The market environment (M criteria) remains in an uptrend despite recent pressure, and disciplined investors may carefully consider new buying efforts when all key criteria are satisfied. While it is encouraging that the major averages have been keeping the rally alive by staying well above their Day 1 (8/09/11) lows, a further expansion in leadership (new 52-week highs) remains crucial to any sustained advance. 

PICTURED: The weekly graph of the Dow Jones Industrial Average above gives a longer-term perspective of where it stands versus the daily graph shown in last Wednesday's commentary (read here). It rallied within -9.3% of its October 2007 all-time high at its May 2nd peak this year. After the latest correction, From the Day 1 low (8/09/11) it rallied up +10.5% within the first 4 weeks of the current rally.  Its 50-day moving average (DMA) line and recent highs define near-term resistance. Subsequent gains above those levels would be a notable technical improvement in the market's health.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.17%) was a standout by simply finishing Monday's session closer to unchanged that any of the other group indexes routinely included in this commentary. Last week it rallied above its converging 50-day moving average (DMA) and 200 DMA lines.

Apple Inc (AAPL +$11.13 or +2.78% to $411.63) hit new 52-week and all-time highs with +35% above average volume behind today's 6th consecutive gain after finding support near its 50-day moving average (DMA) line and prior chart highs during its 8-week consolidation. The 9/16/11 mid-day report (read here) included it highlighted in yellow with pivot point based on its 52-week high plus 10 cents. In today's mid-day report it was again cautiously noted - "A gain with at least +40% above average volume while rising above its pivot point may trigger a technical buy signal."  Disciplined investors use a tactic called "pyramiding" to avoid chasing stocks more than +5% above prior highs. Today's gain today tested investors' discipline, and they should appreciate the volume shortfall's significance. It clearly hints that, at the late stage of the tech leader's ongoing advance, there may not be very many institutional investors willing to "finally" turn bullish on it enough to decide to become buyers over other great growth candidates which might be more fleet footed.

AAPL recently rallied after reporting very strong earnings +122% on +82% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Stellar earnings track record that solidly satisfies the C and A criteria. However, it is already heavily owned by the institutional crowd, and ownership by top-rated funds fell from 4,366 in Mar '11 to 4,343 in Jun '11.

It had been dropped from the Featured Stocks list on 8/20/10 after its last appearance in this FSU section (8/09/10) under the headline, "Quiet Consolidation Above 50 DMA Line". An annotated graph and detailed analysis in the 6/17/10 report under the headline "Saucy Details On Apple Worth Reviewing" summarized important details and some of the prior coverage published concerning of this long-time favorite.  Members who have not followed the ongoing analysis provided should take time to review what has been written.  With the largest market cap of all publicly traded firms, AAPL does not fit the mold of a small growth firm unknown by the institutional crowd which would be more typical of the winning models of the fact-based investment system.

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	$411.63	+11.13 2.78%	$413.23	29,423,540 135.74% of 50 DAV 50 DAV is 21,676,000	$404.50 1.76%	9/16/2011	$399.14	PP = $404.60
								MB = $424.83
Most Recent Note - 9/19/2011 9:24:38 PM Y - Finished near the session high after rallying to a new all-time high with +36% above average volume behind today's 6th consecutive gain. It is already heavily owned by the institutional crowd, and ownership by top-rated funds fell from 4,366 in Mar '11 to 4,343 in Jun '11. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2011. 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
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$63.85	+1.78 2.87%	$64.40	1,384,148 85.74% of 50 DAV 50 DAV is 1,614,300	$64.17 -0.50%	9/15/2011	$63.20	PP = $60.81
								MB = $63.85
Most Recent Note - 9/19/2011 3:15:38 PM Y - Overcame early weakness after a small gap down today, rallying for a positive reversal. Its gap up last week helped it break out from a cup-with-high-handle base pattern and trigger a technical buy signal. Its strong quarterly and annual earnings history satisfies the C and A criteria. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 9/15/2011. 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
ATHN - NASDAQ Athenahealth Inc DIVERSIFIED SERVICES - Business/Management Services	$69.25	+0.56 0.82%	$72.70	2,112,927 289.64% of 50 DAV 50 DAV is 729,500	$68.92 0.48%	9/8/2011	$61.93	PP = $61.78
								MB = $64.87
Most Recent Note - 9/19/2011 12:25:06 PM G - Big gain today backed by above average volume for another new all-time high, getting more extended from its prior base. Prior highs in the $61 area define initial support on pullbacks. >>> 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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$61.19	+0.15 0.25%	$61.38	3,239,901 85.31% of 50 DAV 50 DAV is 3,798,000	$63.46 -3.58%	9/16/2011	$61.21	PP = $62.59
								MB = $65.72
Most Recent Note - 9/16/2011 12:36:50 PM Y - Color code is changed to yellow with pivot point cited based on its 52-week high plus 10 cents. It is perched within close striking distance of previously stubborn resistance in the $62 area. Quarterly and annual earnings history has remained strong while it survived but failed to impress since it was dropped from the Featured Stocks list on 10/06/08. See the Featured Stock Update section of the 9/23/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Disciplined investors may note that CELG did not confirm a proper technical buy signal after it was featured in the August 2008 CANSLIM.net News, whereas the detailed report's "Technical Analysis" area included the note - "Confirming gains to all-time highs with great volume conviction would be a nice reassurance that it is capable of a meaningful advance" (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2011. 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
DMND - NASDAQ Diamond Foods Inc FOOD and; BEVERAGE - Processed and; Packaged Goods	$87.50	+0.20 0.23%	$88.40	693,879 255.86% of 50 DAV 50 DAV is 271,200	$90.33 -3.13%	9/13/2011	$75.57	PP = $80.16
								MB = $84.17
Most Recent Note - 9/19/2011 12:34:35 PM G - Holding its ground today. Last week it reported earnings +53% on +32% sales revenues for the quarter ended July 31, 2011 versus the year ago period, and a considerable "breakaway gap" with heavy volume cleared its pivot point and triggered a technical buy signal. Color code is changed to green. Breakaway gaps are one exception where chasing a stock more than 5% above prior highs may be permitted, but risk increases when doing so that an ordinary pullback may prompt investors to sell per the system's selling rules. >>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2011. 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
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
EXLS - NASDAQ Exlservice Holdings Inc DIVERSIFIED SERVICES - Business/Management Services	$22.81	-0.09 -0.39%	$22.90	205,620 116.17% of 50 DAV 50 DAV is 177,000	$26.55 -14.09%	8/2/2011	$24.85	PP = $24.85
								MB = $26.09
Most Recent Note - 9/15/2011 12:36:41 PM G - Still holding its ground above its 200 DMA line after pricing its previously noted Secondary Offering at $23.00. News of the offering was followed by a damaging gap down on 9/13/11, and it violated its 50 DMA line, raising concerns and triggering a technical sell signal. It is -14.3% off its 52-week high hit last week, and only a prompt rebound above its short-term average would help its outlook. >>> 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	$51.29	+0.69 1.36%	$51.71	284,410 75.76% of 50 DAV 50 DAV is 375,400	$52.06 -1.47%	5/31/2011	$42.00	PP = $40.23
								MB = $42.24
Most Recent Note - 9/14/2011 3:55:33 PM G - Spiking to a new all-time high today with above average volume behind its gain. It is extended from its prior base, and its 50 DMA line defines support 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	$31.06	-0.78 -2.45%	$31.47	403,487 93.64% of 50 DAV 50 DAV is 430,900	$32.67 -4.94%	8/8/2011	$30.38	PP = $29.31
								MB = $30.78
Most Recent Note - 9/19/2011 3:05:00 PM G - Quietly pulling back today after touching a new 52-week high on the prior session. No resistance remains due to overhead supply. Previous highs in the $30-31 area define initial chart support to watch above its closely coinciding 50 and 200 DMA lines. >>> 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	$347.98	+1.03 0.30%	$352.00	1,649,744 107.67% of 50 DAV 50 DAV is 1,532,200	$352.00 -1.14%	8/3/2011	$324.82	PP = $322.38
								MB = $338.50
Most Recent Note - 9/16/2011 1:17:39 PM G - Pulling back today from the new all-time high hit with the prior session's volume-driven gain and rally well above its "max buy" level. >>> 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
MG - NYSE Mistras Group Inc DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services	$19.68	-0.23 -1.16%	$19.96	144,344 81.50% of 50 DAV 50 DAV is 177,100	$20.82 -5.48%	8/10/2011	$17.89	PP = $17.58
								MB = $18.46
Most Recent Note - 9/13/2011 7:36:22 PM G - Still 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
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
MKTX - NASDAQ Marketaxess Holdings Inc FINANCIAL SERVICES - Investment Brokerage - Nationa	$27.68	+0.03 0.11%	$28.00	204,058 73.64% of 50 DAV 50 DAV is 277,100	$30.95 -10.56%	7/29/2011	$25.87	PP = $26.35
								MB = $27.67
Most Recent Note - 9/16/2011 11:43:17 AM G - Gapped down today following news of a Secondary Offering of 950,000 shares priced at $28.65. 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	$74.16	+0.88 1.20%	$74.59	312,948 104.25% of 50 DAV 50 DAV is 300,200	$73.93 0.31%	8/30/2011	$63.01	PP = $62.37
								MB = $65.49
Most Recent Note - 9/14/2011 12:24:37 PM G - Rallying even higher today, on track for a 7th consecutive gain backed by above average volume, getting more extended from its prior base. 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 9/14/2011. 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