On the week, the Dow Jones Industrial Average was up +3.3% the S&P 500 Index ended higher by +3.6%, and the Nasdaq Composite Index was in the green by +4%. Stocks snapped a two-week losing streak as Black Friday shopping hit the equity markets on Friday and the major averages posted gains. The abbrieviated session had obviously light volume totals reported on the NYSE and on the Nasdaq exchange. Advancers led decliners by moer than 5-1 on the NYSE and by more than 3-1 on the Nasdaq exchange. The total number of stocks hitting new 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were 39 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up from the prior session total of 26 stocks. There were gains for 10 of the 11 high-ranked companies currently included on the Featured Stocks Page.

The tech-heavy Nasdaq Composite Index is the only one of the three major averages still remaining below its 200-day moving average (DMA) line. On Friday, nine of the 10 sectors on the S&P ended higher, led by a rally in tech stocks. Share of Apple Inc (AAPL +1.74%) rose and Hewlett-Packard Co (HPQ +4.77%) pared its weekly decline. Materials also showed strength with Freeport-McMoRan Copper & Gold Inc (FCX +1.59%) rising as gold prices rose $25.10 to $1,753.30 per ounce. Consumer stocks were active in the session as several retailers reported heavy shopper volumes. Macy's Inc (M +1.76%) and Nordstrom (JWN +1.71%) rallied. On the M&A front, Baxter International (BAX +4.07%) rose on reports that the company was looking to buy Swedish medical-equipment maker Gambro for about $4 billion.

Turning to fixed income, Treasuries ended modestly lower with the benchmark 10-year note down 3/32 to yield 1.7%.

Regular readers may note that this commentary first mentioned a "market correction" on October 11th, calling for reduced market exposure repeatedly if investors were not already completely in cash. During market corrections the M criteria argues against new buying efforts and urges investors to take a defensive stance to protect precious capital. That stance can change back to a bullish stance where buying is encouraged when at least one of the three major averages produces a solid follow-through day (FTD).  A FTD confirming a new rally requires substantial gains on higher (ideally above average) volume, coupled with healthy leadership and a respectable number of stocks hitting new 52-week highs. Historic studies have shown that a FTD occurring between Days 4-7 of a new rally effort has often signaled the beginning of the most substantial market rallies.

Investors should always limit losses if ever any stock falls more than -7% from their purchase price. Following strict sell rules is precisely how this fact-based investment system prompts investors to reduce exposure and protect cash during market downturns. Keep a watchlist of strong acting stocks with all-key criteria in anticipation of the next confirmed uptrend.  See the noteworthy candidates included on the Featured Stocks Page.

Watch for an announcement via email concerning the next WEBCAST. The webcast will also be available via an updated link highlighted at the top of the Premium Member Homepage. 

PICTURED: The Dow Jones Industrial Average made an encouraging rebound above its 200-day moving average (DMA) line however volume was light. Bargain hunting is never a part of the fact-based approach supported by CANSLIM.net. Until the major averages produce a new confirmed rally with a follow-through day, disciplined investors know that it is most important to be protecting cash

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +1.07%) has rallied within -1% of its 2012 high with 5 consecutive gains.

The number of top-rated funds owning its shares rose from 1,011 in Mar '12 to 1,100 in Sep  '12, a reassuring sign concerning the I criteria. It has maintained a strong annual earnings (A criteria) history. It has been fairly resilient since last shown in this FSU section on 11/01/12 with an annotated graph under the headline, "Found Support at 50-Day Average; Earnings Deceleration Evident".

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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$15.05	-0.02 -0.10%	$15.14	132,974 85.19% of 50 DAV 50 DAV is 156,100	$16.21 -7.16%	8/17/2012	$12.84	PP = $13.31
								MB = $13.98
Most Recent Note - 11/20/2012 1:54:09 PM G - It is extended from its prior base. Prior highs and its 50 DMA line define near-term chart support to watch. More details will be included along with a new annotated graph in this evening's FSU analysis. >>> The latest Featured Stock Update with an annotated graph appeared on 11/20/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$36.91	+0.42 1.15%	$36.91	3,662,026 28.87% of 50 DAV 50 DAV is 12,686,500	$37.96 -2.77%	6/11/2012	$29.94	PP = $30.98
								MB = $32.53
Most Recent Note - 11/19/2012 7:04:19 PM G - Gain today on light volume helped it close just 4 cents above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/19/2012. 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
DVA - NYSE Davita Healthcare Prtns HEALTH SERVICES - Specialized Health Services	$111.43	+1.42 1.29%	$111.80	933,019 103.61% of 50 DAV 50 DAV is 900,500	$116.50 -4.35%	9/5/2012	$102.92	PP = $100.62
								MB = $105.65
Most Recent Note - 11/21/2012 12:03:41 PM G - Consolidating -5% off its 52-week high today following a streak of 9 consecutive weekly gains. Fundamental concerns were raised after it reported earnings +3% on +12% sales for the Sep '12 quarter, below the guidelines of the fact-based system. >>> The latest Featured Stock Update with an annotated graph appeared on 11/8/2012. 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
GPX - NYSE G P Strategies Corp DIVERSIFIED SERVICES - Education and Training Services	$20.56	+0.26 1.28%	$20.62	15,384 25.01% of 50 DAV 50 DAV is 61,500	$21.44 -4.10%	10/8/2012	$20.00	PP = $20.77
								MB = $21.81
Most Recent Note - 11/20/2012 12:05:59 PM G - Still holding its ground stubbornly, hovering near its 52-week high. Earnings +0% on +12% sales revenues for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria) raised fundamental concerns. Deterioration leading to a close below its old high close ($20.27 on 8/17/12) would negate the recent technical breakout, and a violation of its 50 DMA line would be a more worrisome sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2012. 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
LKQ - NASDAQ L K Q Corp WHOLESALE - Auto Parts	$22.01	+0.30 1.38%	$22.09	557,391 32.30% of 50 DAV 50 DAV is 1,725,700	$21.95 0.27%	8/9/2012	$18.97	PP = $18.72
								MB = $19.66
Most Recent Note - 11/19/2012 7:06:21 PM G - Today's 3rd consecutive gain came on lighter volume, finishing only -3.2% off its 52-week high. Results below the +25% minimum earnings guideline (C criteria) for Sep '12 recently raised fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 11/14/2012. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$127.00	+0.30 0.24%	$127.34	27,883 38.20% of 50 DAV 50 DAV is 73,000	$128.96 -1.52%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 11/19/2012 7:07:21 PM Y - Traded up today with below average volume, finishing at its best-ever close. Reported earnings +23% on +18% sales for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria). The M criteria remains an overriding concern until a FTD confirms a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2012. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$66.39	+0.62 0.94%	$66.48	238,786 14.30% of 50 DAV 50 DAV is 1,670,300	$69.81 -4.90%	11/6/2012	$65.44	PP = $69.91
								MB = $73.41
Most Recent Note - 11/19/2012 1:38:33 PM G - Today's 3rd consecutive gain has it rebounding toward its 50 DMA line which may act as resistance. Recent gains have lacked great volume conviction following damaging distributional losses. >>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2012. 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
RGR - NYSE Sturm Ruger & Co Inc CONSUMER DURABLES - Sporting Goods	$54.57	+1.50 2.83%	$54.89	419,007 100.34% of 50 DAV 50 DAV is 417,600	$58.42 -6.59%	11/20/2012	$52.23	PP = $52.65
								MB = $55.28
Most Recent Note - 11/23/2012 11:14:37 AM Y - Trading up again today, approaching its "max buy" level with above average volume behind a 4th consecutive gain. Rallied and closed above its pivot point on the prior session with +75% above average volume behind its gain while breaking out of a cup-with-handle base. Faces little resistance up through the $58 level. The M criteria remains an overriding concern arguing against new buying efforts until the market produces a follow-through-day. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/21/2012. 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$37.72	+0.28 0.75%	$37.78	78,559 19.60% of 50 DAV 50 DAV is 400,900	$41.15 -8.34%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 11/19/2012 1:31:00 PM G - Rebounding back above its 50 DMA line today with a gap up and volume-driven gain helping its technical stance improve. Negative market (M criteria) and a worrisome "negative reversal" were recently noted as concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2012. 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
VSI - NYSE Vitamin Shoppe Inc SPECIALTY RETAIL - Specialty Retail, Other	$60.25	+1.56 2.66%	$60.25	64,563 25.03% of 50 DAV 50 DAV is 257,900	$61.89 -2.65%	10/15/2012	$57.82	PP = $60.08
								MB = $63.08
Most Recent Note - 11/23/2012 3:43:35 PM Y -Posted a gain today with light volume for its 3rd best close. The $61 area has been a stubborn resistance level in recent months. It released better than expected earnings +35% on +14% sales revenues for the Sep '12 quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 11/12/2012. 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
WPI - NYSE Watson Pharmaceuticals DRUGS - Drugs - Generic	$86.08	+0.82 0.96%	$86.15	251,150 30.73% of 50 DAV 50 DAV is 817,300	$90.00 -4.36%	8/24/2012	$82.90	PP = $81.10
								MB = $85.16
Most Recent Note - 11/23/2012 3:44:41 PM G - Wedged above its 50 DMA line today. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2012. 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