Leadership improved on Thursday but the major indices erased early gains and ended near the session low with small losses. The volume totals were reported higher than the prior session on the NYSE and on the Nasdaq exchange. Advancers and decliners were evenly mixed on the NYSE and on the Nasdaq exchange. New highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were 49 high-ranked companies from the CANSLIM.net Leaders List which hit new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from Wednesday's total of 41 stocks.  There were gains for 11 of the 12 high-ranked companies currently included on the Featured Stocks Page. 

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).

Before the open, fourth-quarter GDP was revised up to +0.1%, less than the consensus estimate for +0.5% growth. Weekly jobless claims unexpectedly declined to 344,000 from a revised prior reading of 366,000.The Chicago PMI report showed Midwest manufacturing activity rose to 56.8 in February, above the consensus estimate of 54.0. In addition to the data, attention was on Washington as to whether lawmakers would reach a last minute deal to avoid the $85 billion automatic spending cuts set to go into effect on Friday.

On the earnings front, retailer Sears Holdings (SHLD -5.20%) despite quarterly results beating projections. The J.C. Penney Company Inc (JCP -16.97%) fell after posting a wider-than-expected loss. Tech was among the best performing sectors as shares of Facebook Inc (FB +1.41%) offset weakness elsewhere.

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 Dow Jones Industrial Average traded within less than 50 points of its October 2007 high before reversing early gains and closing the session with a small loss.

Celgene Corp (CELG  +$2.23 or +2.21% to $103.27) held its ground in a tight range in recent weeks but did not form a sound base pattern before spiking to a new all-time high with today's volume-driven gain. Recent lows in the $96 area define near-term support above its 50-day moving average (DMA) line. The Medical -Biomed/Biotech firm's last appearance in this FSU section was on 2/04/13 with an annotated graph under the headline, "Extended From Prior Base Following Bullish Action."  

Technically, it is very extended from its prior base. It has rewarded patient investors since they were reminded on 1/17/13 with an annotated graph under the headline, "Rule Suggests Letting Explosive Winners Have Time For Greater Gains", as it was noted - "Having quickly rallied more than +20% in the first 2-3 weeks after its technical breakout, the investment system rules suggest holding such explosive winners for a minimum of 8 weeks to allow for potentially greater gains. Disciplined investors never hold any stock if it fails badly however, or if it falls more than -7% from their purchase price."

CELG has maintained a strong earnings history (C and A criteria), and it recently reported earnings +26% on +13% sales revenues for the Dec '12 quarter. The number of top-rated funds owning its shares rose from 1,623 in Dec '11 to 1,733 in Dec '12, a reassuring trend concerning the I criteria.  Its current Up/Down Volume Ratio of 1.4 also still offers an unbiased indication its shares have been under accumulation over the past 50 days. However, the company is already well-known by the institutional crowd.

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	$103.27	+2.23 2.21%	$105.14	6,017,129 162.08% of 50 DAV 50 DAV is 3,712,400	$103.69 -0.41%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 2/28/2013 2:14:59 PM G - Held its ground in a tight range in recent weeks but did not form a sound base pattern before spiking to a new all-time high with today's volume-driven gain. Recent lows in the $96 area define near-term support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2013. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$15.93	+0.18 1.14%	$16.09	193,785 99.94% of 50 DAV 50 DAV is 193,900	$16.90 -5.74%	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	$39.79	-0.36 -0.90%	$40.38	12,346,892 87.39% of 50 DAV 50 DAV is 14,127,900	$42.00 -5.26%	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	$59.28	-0.18 -0.30%	$60.37	5,628,707 104.10% of 50 DAV 50 DAV is 5,407,100	$65.10 -8.94%	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	$168.18	-0.37 -0.22%	$169.67	2,846,871 126.88% of 50 DAV 50 DAV is 2,243,800	$169.85 -0.98%	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	$23.95	-0.40 -1.64%	$24.63	583,923 128.90% of 50 DAV 50 DAV is 453,000	$27.18 -11.88%	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	$149.31	+1.21 0.82%	$150.49	129,516 135.90% of 50 DAV 50 DAV is 95,300	$154.74 -3.51%	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	$69.79	+0.57 0.82%	$70.68	376,264 116.35% of 50 DAV 50 DAV is 323,400	$75.75 -7.87%	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	$43.85	-0.21 -0.48%	$44.20	347,834 75.67% of 50 DAV 50 DAV is 459,700	$47.24 -7.18%	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 2/27/2013. 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	$26.85	+0.18 0.67%	$26.95	254,887 79.50% of 50 DAV 50 DAV is 320,600	$29.16 -7.92%	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	$24.59	+0.62 2.59%	$26.41	1,122,557 244.62% of 50 DAV 50 DAV is 458,900	$24.63 -0.16%	2/26/2013	$22.23	PP = $21.50
								MB = $22.58
Most Recent Note - 2/28/2013 1:12:48 PM G - Holding its ground after considerable volume-driven gains this week for new 52-week highs. Disciplined investors do not chase stocks extended from their prior base more than +5% above their pivot point or prior chart highs. 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	$67.46	+0.72 1.08%	$67.67	1,176,547 87.72% of 50 DAV 50 DAV is 1,341,300	$67.98 -0.76%	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