The expansion in leadership was reassuring. Tuesday's new 52-week high totals were "thin" at 62 on the NYSE and 38 on the Nasdaq exchange, down drastically versus the totals reported in the 2/19/13 after-market report (read here) when there were 400 new 52-week highs on the NYSE and 240 new highs on the Nasdaq exchange. Any sustainable rally requires a healthy crop of companies hitting new 52-week highs, so it is always essential to see meaningful leadership (stocks hitting new 52-week highs).

Stocks rose on Wednesday, with major indexes posting their best daily gains since early January, as Federal Reserve Chairman Ben Bernanke remained steadfast in supporting the Fed's stimulus policy and data pointed to economic improvement.

Pending home sales jumped +4.5% in January, three times the rate of growth that had been expected. While orders for durable goods fell more than expected in January, non-defense capital goods orders excluding aircraft - a closely watched proxy for business spending plans - showed the biggest gain since December 2011.

In earnings news, Priceline.com (PCLN +2.57%) rallied after reporting adjusted earnings that beat expectations. TJX Cos Inc (TJX +2.47%) rose after the retail chain operator posted higher fourth-quarter results. Target Corp (TGT -1.45%) fell after offering a cautious outlook for consumer spending in 2013 following a weak holiday quarter.

First Solar Inc (FSLR -13.78%) tumbled after failing to give a full-year earnings and sales outlook, though it also swung to a quarterly profit.  Groupon Inc (GRPN +7.79%) tallied a gain bit its shares traded substantially lower -25% after the bell after reporting its fourth-quarter results.

With 93 percent of the S&P 500 companies having reported results so far, 69.5% beat profit expectations, compared with a 62% average since 1994 and 65% over the past four quarters, according to Thomson Reuters data.

New buying efforts are to be avoided under the fact-based system since the market's (M criteria) weak action and damaging distribution was recognized as a correction earlier this week.  Individual holdings should be watched closely while investors have a bias toward reducing market exposure until there is a new confirmed rally with a follow-through day noted. 

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 market rebound from its worst decline since November put the S&P 500 Index back above 1,500. That closely watched level is more significant psychologically than it is chart-wise. Technically, it made a stand this week well above its prior highs and above its 50-day moving average (DMA) line. Further technical deterioration below the recent lows and the 50 DMA line would not bode well for the broader market outlook.

The Gold & Silver Index ($XAU -1.78%) was a clear laggard as it lost ground.  Meanwhile the Healthcare Index ($HMO +1.33%) rose and strength in energy-related shares boosted the Integrated Oil Index ($XOI +1.39%) and the Oil Services Index ($OSX +1.70%).  The Retail Index ($RLX +1.57%) was a positive influence on the major averages along with gains in the financial groups which gave the Bank Index ($BKX +1.41%) and the Broker/Dealer Index ($XBD +0.88%) a lift. The tech sector saw unanimous gains from the Networking Index ($NWX +1.13%), Internet Index ($IIX +1.26%), Semiconductor Index ($SOX +1.56%), and the Biotechnology Index ($BTK +1.96%).

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.88%) stalled after recently reaching its March 2012 high.

It was last shown in this FSU section on 2/01/13 with an annotated graph under the headline, "Getting Extended After Volume-Driven Gains To New Highs". While rallying with above average volume behind its gains while we then cautioned members - "Disciplined investors know to avoid chasing extended stocks more than +5% above their pivot point, and they always sell if ever any stock falls more than -7% from their purchase price to properly manage risk under the fact-based system's guidelines."  

Leadership from other high-ranked leaders in the Telecom - Infrastructure group is still a reassuring sign (concerning the L criteria). It has traded up as much as +12.9%since highlighted in yellow in the 12/11/12 mid-day report (read here) as it rose from a 10-week base.  Quarterly comparisons through Dec '12 showed 4 consecutive increases of more than the +25% minimum earnings guideline (C criteria). The number of top-rated funds owning its shares rose from 400 in Mar '12 to 414 in Dec '12, a slightly reassuring trend concerning the I criteria.  Its Return On Equity is reported at 29%, well above the 17% minimum guideline. Its small supply of 66 million shares (S criteria) outstanding can lead to greater price volatility if the institutional crowd rushes to accumulate shares, or if they decide to leave.

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	$101.04	+1.59 1.60%	$101.64	2,461,683 66.16% of 50 DAV 50 DAV is 3,720,600	$103.69 -2.56%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 2/26/2013 1:57:46 PM G - Holding its ground near its all-time high after a "negative reversal" on 2/20/13. Its 50 DMA line (now $92.69) defines important support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 2/4/2013. 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	$15.75	-0.07 -0.44%	$15.86	183,440 95.69% of 50 DAV 50 DAV is 191,700	$16.90 -6.80%	12/3/2012	$15.20	PP = $16.31
								MB = $17.13
Most Recent Note - 2/26/2013 2:00:47 PM G - Still sputtering below its 50 DMA line today. A prompt rebound above that short-term average is needed to help its outlook improve. Endured a loss on heavier volume on the prior session, raising more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 2/21/2013. 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	$40.15	+0.46 1.16%	$40.33	9,323,155 65.87% of 50 DAV 50 DAV is 14,154,600	$42.00 -4.40%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 2/26/2013 1:55:07 PM G - Endured mild distributional pressure while recently consolidating near its 52-week high. Reported earnings +11% on +6% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns >>> The latest Featured Stock Update with an annotated graph appeared on 2/19/2013. 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	$59.46	+0.22 0.37%	$59.98	6,823,267 128.48% of 50 DAV 50 DAV is 5,310,900	$65.10 -8.66%	1/23/2013	$54.98	PP = $58.72
								MB = $61.66
Most Recent Note - 2/26/2013 2:04:43 PM G - Rebounded from early losses today, halting its slide near prior highs in the $58 area. Tallied 3 losses on heavy volume in the span of the prior 4 sessions since completing another Secondary Offering 2/20/13 while perched near its all-time high. >>> The latest Featured Stock Update with an annotated graph appeared on 2/7/2013. 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
LNKD - NYSE Linkedin Corp Class A INTERNET - Internet Information Providers	$168.55	+10.78 6.83%	$169.85	4,313,018 197.84% of 50 DAV 50 DAV is 2,180,000	$165.20 2.03%	2/8/2013	$147.04	PP = $127.55
								MB = $133.93
Most Recent Note - 2/27/2013 12:48:55 PM G - Considerable volume-driven gain today for another new all-time high, getting very extended from any sound base. Previously noted - "Disciplined investors may watch for secondary buy points or additional bases to possibly form and be noted in the weeks ahead." >>> The latest Featured Stock Update with an annotated graph appeared on 2/8/2013. 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
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
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$24.35	+0.55 2.31%	$24.76	455,105 100.33% of 50 DAV 50 DAV is 453,600	$27.18 -10.41%	2/20/2013	$26.44	PP = $25.10
								MB = $26.36
Most Recent Note - 2/26/2013 12:30:57 PM G - Down considerably today, raising concerns while slumping below its 50 DMA line, and its color code is changed to green. It quickly negated its recent technical breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 2/20/2013. 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	$148.10	+3.22 2.22%	$154.74	263,089 286.59% of 50 DAV 50 DAV is 91,800	$152.10 -2.63%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 2/27/2013 12:51:03 PM G - Rallied to a new all-time high today with a 2nd consecutive gain backed by above average volume. Fundamental concerns were recently noted and prior reports cautioned members that it is extended from any sound base. Its 50 DMA line defines important near-term chart support above prior highs in the $134-135 area. >>> The latest Featured Stock Update with an annotated graph appeared on 2/25/2013. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$69.22	+1.42 2.09%	$69.82	323,772 99.59% of 50 DAV 50 DAV is 325,100	$75.75 -8.62%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 2/26/2013 2:06:28 PM G - Still quietly consolidating near its 50 DMA line. Damaging losses below that short-term average or the recent low ($65.31 on 2/13/13) may trigger technical sell signals. Concerns were raised following a worrisome "negative reversal" on 2/01/13 after initially gapping up for a new 52-week high, and recent notes have repeatedly cautioned - "Reported earnings +20% on +33% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns." >>> The latest Featured Stock Update with an annotated graph appeared on 2/5/2013. 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
NSR - NYSE Neustar Inc TELECOMMUNICATIONS - Diversified Communication Serv	$44.06	+0.05 0.11%	$44.24	439,624 96.07% of 50 DAV 50 DAV is 457,600	$47.24 -6.73%	12/11/2012	$41.85	PP = $41.41
								MB = $43.48
Most Recent Note - 2/27/2013 6:26:34 PM G - Holding is ground near its 50 DMA line after a damaging loss on 2/21/13 with heavy volume raised concerns and triggered a technical sell signal. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/1/2013. 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
SFUN - NYSE Soufun Hldgs Ltd Ads A INTERNET - Internet Information Providers	$26.67	+0.71 2.73%	$27.20	414,004 131.22% of 50 DAV 50 DAV is 315,500	$29.16 -8.54%	2/11/2013	$27.46	PP = $29.26
								MB = $30.72
Most Recent Note - 2/27/2013 6:30:27 PM Y - Rebounded back above its 50 DMA line today with a gain on higher volume and its color code is changed to yellow. It still needs to produce gains above its pivot point before buying efforts may be justified under the fact-based system. The market (M criteria) also needs to produce a follow-through day to confirm a new rally after recent weakness raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 2/11/2013. 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
SLCA - NYSE U S Silica Holdings Inc CHEMICALS - Specialty Chemicals	$23.97	+2.35 10.87%	$24.63	1,530,113 351.83% of 50 DAV 50 DAV is 434,900	$23.56 1.72%	2/26/2013	$22.23	PP = $21.50
								MB = $22.58
Most Recent Note - 2/27/2013 1:01:21 PM G - Considerable volume-driven gain today for a new 52-week high, trading well above it's "max buy" level. Color code is changed to green while quickly getting extended. Finished near the middle of its intra-day range and just above its pivot point with a volume-driven gain on the prior session after highlighted in yellow with pivot point based on its 2/11/13 high. See the latest FSU analysis for more details and an new annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/26/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$66.74	+1.58 2.42%	$67.19	1,174,151 87.17% of 50 DAV 50 DAV is 1,346,900	$67.98 -1.82%	12/20/2012	$60.24	PP = $61.21
								MB = $64.27
Most Recent Note - 2/27/2013 6:33:42 PM G - Rallied with higher volume to finish just -1.8% off its 52-week high today. The 50 DMA line and recent low ($64.05 on 2/21/13) define the next important support area to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 2/15/2013. 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