The major averages rose as generally positive corporate earnings results offset a disappointing January consumer confidence report. Investors were cautious as the Federal Reserve kicked off its two-day policy meeting. Economic data was mixed, with the Case-Shiller index showing gradual improvement in housing prices, and January consumer confidence falling more than expected.

Eight of the 10 sectors on the S&P ended higher. Energy was the best performing group with Valero Energy Corp (VLO +12.78%) rallying for a big gain on its quarterly results. Health care also outperformed with Eli Lilly and Co  (LLY +3.19%) rising following a better-than-expected fourth-quarter report. On the downside, Ford Motor Co (F -4.64%) fell despite lifting its first-quarter sales expectations as the company warned of a bigger-than-expected loss in its European operations.  Yahoo! Inc (YHOO -3.00%) reversed earlier gains to finish the session lower following their positive report. Shares of VMware Inc (VMW -21.54%) dove after providing a weaker-than-expected revenue forecast.

Turning to fixed income markets, Treasuries were lower along the curve. The benchmark 10-year note was down 9/32 to yield 2.00% and the 30-year bond was off 17/32 to yield 3.18%.

The latest rally has produced a few action worthy candidates meeting all of the fact-based investment system's criteria. Selectivity and discipline are required, as always. Investors may consider new buying efforts in stocks meeting all key criteria, as the market's (M criteria) confirmed uptrend has been comprised by great leadership (stocks hitting new 52-week highs) in the broader market. Widespread gains helped all of the major averages blast higher, and the benchmark S&P 500 Index is perched at its best level in more than five years and -4.4% off its October 2007 all-time high.

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PICTURED: The Dow Jones Industrial Average has tallied 12 gains in the span of 14 trading sessions while rallying above its 2012 highs for new recovery highs. It is now perched only -1.7% off its all-time high from October 2007 of 14,198.

The Broker/Dealer Index ($XBD +1.51%) posted a solid gain but the Bank Index ($BKX +0.06%) finished flat. The Gold & Silver Index ($XAU +1.68%) led the defensive groups higher while the Healthcare Index ($HMO +0.21%) posted a smaller gain. The Integrated Oil Index ($XOI +2.70%) outpaced the Oil Services Index ($OSX +0.66%) as energy-related shares rose. Weakness in the Networking Index ($NWX -2.40%) led the tech sector lower while the Internet Index ($IIX -0.97%) and the Semiconductor Index ($SOX -0.69%) ended with smaller losses and the Biotechnology Index ($BTK +0.03%) finished flat.  The Retail Index ($RLX -0.44%) also sputtered, limiting the major averages' ability to rally.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +0.66%) has been recently rallying above its September highs.

Comcast wedged higher without great volume conviction behind gains since last shown in this FSU section on 1/11/13 with an annotated graph under the headline "Stalled After Latest Breakout Gain With Sufficient Volume".  It had managed an impressive "positive reversal" on 1/08/13 for a gain on higher volume after dipping near its 50-day moving average (DMA) line intra-day. Closely coinciding with that important short-term average now, the prior highs in the $38 area help define chart support to watch on pullbacks.

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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$99.20	+0.25 0.25%	$99.59	2,475,430 67.31% of 50 DAV 50 DAV is 3,677,600	$100.12 -0.92%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 1/24/2013 2:59:35 PM G - Hovering in a tight range near its all-time high, very extended from its prior base. See the recent Featured Stock Update (FSU) analysis for the latest annotated graph and more details under the headline, "Rule Suggests Letting Explosive Winners Have Time For Greater Gains - Thursday, January 17, 2013 ". >>> The latest Featured Stock Update with an annotated graph appeared on 1/17/2013. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$16.47	+0.17 1.04%	$16.55	159,562 71.30% of 50 DAV 50 DAV is 223,800	$16.90 -2.54%	12/3/2012	$15.20	PP = $16.31
								MB = $17.13
Most Recent Note - 1/24/2013 3:04:06 PM Y - Found support at its 50 DMA line recently. That important short-term average acted as support throughout its ongoing ascent. Subsequent losses leading to a damaging violation and a slump below the recent low ($15.74 on 1/18/13) would raise concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 1/15/2013. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$39.11	-0.46 -1.16%	$39.59	14,897,806 133.93% of 50 DAV 50 DAV is 11,123,300	$40.28 -2.90%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 1/29/2013 6:13:47 PM Y - Encountering recent distributional pressure yet still consolidating above its pivot point and below its "max buy" level, perched only -2.9% off its 52-week high with no resistance remaining due to overhead supply. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/29/2013. 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$57.47	-0.28 -0.48%	$57.73	2,566,240 73.15% of 50 DAV 50 DAV is 3,508,300	$60.00 -4.22%	1/23/2013	$54.98	PP = $58.72
								MB = $61.66
Most Recent Note - 1/28/2013 12:14:10 PM Y - Touched a new 52-week high today but reversed into the red. Recently tallied gains with ever-increasing volume as it approached its 52-week high and pivot point. Disciplined investors may watch for volume-driven gains above the pivot point to trigger a proper technical buy signal before taking action. See the latest FSU analysis under the headline, "High-Ranked Luxury Apparel Firm Worthy For Watchlist - Wednesday, January 23, 2013", for more details and an annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/23/2013. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$144.29	+2.71 1.91%	$144.61	84,588 96.78% of 50 DAV 50 DAV is 87,400	$144.70 -0.28%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 1/25/2013 4:16:32 PM G - Rallied for a 6th consecutive gain today and further into new all-time high territory. Prior mid-day reports noted - "Disciplined investors may watch closely for sell signals if holding it and giving it a chance to produce more climactic gains. Its 50-day moving average (DMA) line defines near-term chart support to watch where any violation would trigger a technical sell signal." Earnings +23% on +18% sales for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria), raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 1/14/2013. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$69.04	-1.50 -2.13%	$69.95	177,176 50.56% of 50 DAV 50 DAV is 350,400	$71.51 -3.46%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 1/25/2013 4:18:10 PM G - Gain today lifted it above its "max buy" level and its color code is changed to green. Recent gains above its pivot point were marked by sub par volume, still leaving questions concerning the level of institutional buying demand lurking. >>> The latest Featured Stock Update with an annotated graph appeared on 1/18/2013. 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
NP - NYSE Neenah Paper Inc CONSUMER NON-DURABLES - Paper and Paper Products	$31.23	+0.22 0.71%	$31.30	60,521 81.45% of 50 DAV 50 DAV is 74,300	$32.57 -4.11%	1/25/2013	$31.80	PP = $31.76
								MB = $33.35
Most Recent Note - 1/25/2013 6:49:34 PM Y - Its "negative reversal" for a loss on heavy volume after hitting a new 52-week high today was noted as is a worrisome sign of distributional pressure. It was highlighted in yellow with pivot point cited based on its 3/19/12 high plus 10 cents in the mid-day report while noted - "A strong close above its pivot point backed by at least +40% above average volume may clinch a technical buy signal. Recent gains lacked great volume conviction while wedging above previously stubborn resistance in the $31 area. Quarterly earnings increases above the +25% guideline satisfy the C criteria. Annual earnings (A criteria) have been improving steadily after a worrisome downturn in FY '08. Its small supply of 15.9 million shares could contribute to greater price volatility." See the latest FSU analysis for more details and annotated daily and weekly graphs. >>> The latest Featured Stock Update with an annotated graph appeared on 1/25/2013. 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
NSR - NYSE Neustar Inc TELECOMMUNICATIONS - Diversified Communication Serv	$45.04	+0.36 0.81%	$45.12	496,279 122.96% of 50 DAV 50 DAV is 403,600	$45.49 -0.99%	12/11/2012	$41.85	PP = $41.41
								MB = $43.48
Most Recent Note - 1/24/2013 2:55:30 PM G - Volume totals have been cooling while consolidating well above its 50 DMA line defining chart support to watch. After hitting a new 52-week high on 1/17/13 there was a worrisome "negative reversal". >>> The latest Featured Stock Update with an annotated graph appeared on 1/16/2013. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$74.86	-3.54 -4.52%	$76.95	1,831,026 161.18% of 50 DAV 50 DAV is 1,136,000	$81.36 -7.99%	12/18/2012	$71.88	PP = $70.10
								MB = $73.61
Most Recent Note - 1/29/2013 12:40:35 PM G - Its 50 DMA line (now $71.79) defines near-term support to watch while consolidating after recent gains. Gapped down today for a loss on higher volume indicating distributional pressure while retreating from the new all-time high hit last week with a volume-driven gain. Last noted on 1/24/13 with caution - "It is extended from the previously noted base. Company will announce its fourth quarter 2012 financial results on Tuesday, February 12, 2013 after the close." >>> The latest Featured Stock Update with an annotated graph appeared on 1/22/2013. 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$47.47	+0.75 1.61%	$47.88	259,721 80.63% of 50 DAV 50 DAV is 322,100	$48.19 -1.49%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 1/24/2013 6:43:36 PM G - Encountering more distributional pressure today with higher volume behind its loss. Prior highs in the $40 area define near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/24/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$65.85	+0.30 0.46%	$66.33	1,604,883 106.55% of 50 DAV 50 DAV is 1,506,200	$65.94 -0.14%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 1/24/2013 5:58:48 PM G - It is extended from a sound base and posted another small gain today, rallying further above its "max buy" level without great volume conviction. >>> The latest Featured Stock Update with an annotated graph appeared on 1/28/2013. 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