A positive start on Wall Street dissolved. A report on March retail sales was a minor disappointment. Sales increased 0.4%, below expectations for a gain of 0.5%. It was still the ninth straight monthly increase, and February results were revised higher. Wholesale inventories at U.S. companies rose less than forecast in February, depressed by a drop among retailers as sales improved.  The Federal Reserve published its Beige Book report on regional economic conditions around the country showed some impact on the economy from the Japan crisis, but overall conditions improved at a modest but steady rate.

President Barack Obama outlined a plan to cut the nation's long-term debt, and part of the deficit-reduction plan he brought forth included defense cuts. Lockheed Martin Corp LMT -2.56%) was among the weaker issues in the Aerospace/Defense group. Bank stocks took a further hit when regulators imposed rules forcing the 14 largest mortgage servicers to pay back some botched foreclosures. Dow Jones Industrial Average component JPMorgan Chase & Co (JPM -0.84%) led bank stocks lower even after earnings and revenue beat forecasts. It had to overcome flat loan growth and investor skepticism as its chief executive Jamie Dimon warned that mortgage-related losses will continue to be "extraordinarily high".

Advances in technology stocks offset weak financials. Riverbed Technology Inc (RVBD +12.35%) forecast sales and earnings above expectations and the IT services company's shares jumped back from below its January lows after nearly testing its 200-day moving average (DMA) line. 

Keep in mind that earnings announcements are likely to provide a catalyst for increased volatility for the next couple of weeks.  Additionally, it should be noted that pundits at the newspaper recognized the current market environment as an "uptrend under pressure" after Tuesday's damaging losses.  

PICTURED: The Nasdaq Composite Index's quiet gain helped it rally back above its 50 DMA line.

Weakness in the financial groups dragged on the market as the Bank Index ($BKX -1.07%) and Broker/Dealer Index ($XBD -0.45%) lost ground on Wednesday. The in the Gold & Silver Index ($XAU -0.95%) also lost ground and the Healthcare Index ($HMO -0.05%) finished flat.  Tech sector leadership boosted the teach-heavy Nasdaq Composite Index as the Biotechnology Index ($BTK +0.74%), Internet Index ($IIX +0.92%), and Networking Index ($NWX +2.01%) easily outpaced the recently struggling Semiconductor Index ($SOX +0.26%).  The major averages also benefited from a positive bias in the Retail Index ($RLX +0.24%) and energy-related groups including the Oil Services Index ($OSX +0.39%) and Integrated Oil Index ($XOI +0.09%).

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -1.07%) recently encountered resistance at its 50-day moving average (DMA) line and is slumping back toward its March lows.  Since we recognize the importance of the financial group as a leading indicator for the broader market outlook, subsequent losses to new 2011 lows would not bode well for the rally which is enduring pressure. Meanwhile, gains above the 50 DMA line from this highly influential index could help the rally to gather better upward momentum.

Chipotle Mexican Grill, Inc. (CMG +$7.01 or +2.56% to $281.31) was up today with average volume for a new all-time high. It recently stalled after reaching a new all-time high without triggering a proper new technical buy signal. Disciplined investors know that gains above its pivot point with well above average volume are needed to trigger a proper new (or add-on) technical buy signal. 

It could get too extended above prior highs before sufficient volume backs up its gains. Do not be frustrated by that if it ever happens in any strong leader. Know that a truly bullish market environment (M criteria) offers investors many great opportunities to buy stocks within the proper guidelines.  Many of the market's best winners gave investors multiple opportunities to buy their shares within the system's guidelines during an ongoing rally. Patience and discipline are critical to your success.

CMG currently has an A- rating for Accumulation/Distribution. Ownership by top-rated funds rose from 530 in Mar '10 to 660 in Dec '10, a nice reassurance concerning the I criteria of the investment system. Sales revenues increases have shown acceleration while up +12%, +16%, +20%, +23%, and now +25% in the streak of latest quarterly comparisons while the C criteria is satisfied by ongoing earnings increases above the +25% guideline. It also has a good annual (A criteria) earnings history. 

It eventually formed a new flat base that was noted on 4/01/11 as a new pivot point was cited and its color code was changed to yellow after an orderly 7-week base pattern. It may now look like a cup-with-handle pattern after the latest light volume pullback, but without powerful volume-driven gains it is questionable whether a sustained advance is very likely. Fresh proof of heavy institutional buying demand is usually important, and fact-based investors know that a confirmation of it is worth waiting to see even if that means paying a little higher price. It was last shown in the FSU section on 3/14/11 under the headline, "Correction Also Hurts Stocks With Strong Fundamentals". Subsequent to that appearance, it was a very reassuring sign that it found support above its 50-day moving average (DMA) line and was resilient near prior highs in the $237 area. As previously noted, subsequent violations and damaging losses would have raised greater concerns and triggered more worrisome technical sell signals.

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
AIXG - NASDAQ Aixtron Se ELECTRONICS - Semiconductor Equipment andamp; Mate	$43.15	+0.68 1.60%	$44.04	208,228 86.73% of 50 DAV 50 DAV is 240,100	$44.96 -4.03%	4/5/2011	$44.14	PP = $44.64
								MB = $46.87
Most Recent Note - 4/13/2011 12:10:37 PM Y - Gapped up today after finding support near its 50 DMA line. Now perched only -3.9% off its 52-week high with no overhead supply to act as resistance. Volume driven gains above its pivot point may trigger a technical buy signal. Disciplined investors watch for proof of institutional buying demand and avoid the urge to get in "early". >>> The latest Featured Stock Update with an annotated graph appeared on 4/5/2011. 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$145.69	+4.98 3.54%	$146.23	9,397,297 131.05% of 50 DAV 50 DAV is 7,171,000	$148.92 -2.17%	3/17/2011	$121.97	PP = $131.73
								MB = $138.32
Most Recent Note - 4/13/2011 4:59:25 PM G - Gain today with above average volume helped it finish the session one cent above Monday's best-ever close. It is extended from its latest base, and the prior high near $131 defines initial chart support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 4/7/2011. 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
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$281.31	+7.01 2.56%	$282.76	1,113,853 100.99% of 50 DAV 50 DAV is 1,102,900	$282.00 -0.24%	4/1/2011	$274.00	PP = $275.10
								MB = $288.86
Most Recent Note - 4/13/2011 5:03:09 PM Y - Up today with average volume for a new all-time high. Gains above its pivot point with well above average volume are still needed to trigger a proper new (or add-on) technical buy signal. It recently stalled after reaching a new all-time high without triggering a new technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 4/13/2011. 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
CTCT - NASDAQ Constant Contact Inc MEDIA - Advertising Services	$34.79	+0.39 1.13%	$35.40	188,746 44.42% of 50 DAV 50 DAV is 424,900	$36.33 -4.24%	3/22/2011	$33.59	PP = $32.49
								MB = $34.11
Most Recent Note - 4/8/2011 6:15:05 PM G - Holding its ground near its all-time high after enduring distributional pressure this week. Prior highs in the $32 area define support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 3/22/2011. 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
CTSH - NASDAQ Cognizant Tech Sol Cl A COMPUTER SOFTWARE and SERVICES - Business Software and Services	$80.25	+0.33 0.41%	$80.76	1,492,662 65.97% of 50 DAV 50 DAV is 2,262,500	$82.86 -3.15%	2/7/2011	$75.09	PP = $76.46
								MB = $80.28
Most Recent Note - 4/8/2011 6:17:31 PM G - Down today for a 5th consecutive loss on below average volume, consolidating near its "max buy" level above prior highs in the $77-78 area that define chart support to watch above its 50 DMA line. No resistance remains due to overhead supply. >>> The latest Featured Stock Update with an annotated graph appeared on 3/17/2011. 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
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$92.80	+4.94 5.62%	$92.99	2,075,680 157.51% of 50 DAV 50 DAV is 1,317,800	$94.70 -2.01%	2/3/2011	$79.61	PP = $82.67
								MB = $86.80
Most Recent Note - 4/13/2011 4:53:51 PM G - Considerable gain today with +57% above average volume for its best-ever close, finishing near the session high and 7 cents above the high of the handle on a shorter than minimum length "cup-with-handle" type consolidation. It is clear of resistance due to overhead supply. Its 50 DMA line defines initial chart 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 4/6/2011. 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
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$28.36	-0.62 -2.14%	$29.12	464,286 135.05% of 50 DAV 50 DAV is 343,800	$33.08 -14.27%	2/18/2011	$27.94	PP = $30.04
								MB = $31.54
Most Recent Note - 4/13/2011 4:28:32 PM G - Down again today with higher volume, slumping further below its 50 DMA line. Damaging losses triggered technical sell signals while it slumped below its prior high closes in the $29-30 area previously noted as important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2011. 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
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$94.67	+2.16 2.33%	$94.71	1,021,066 104.48% of 50 DAV 50 DAV is 977,300	$95.39 -0.75%	2/1/2011	$73.30	PP = $74.44
								MB = $78.16
Most Recent Note - 4/13/2011 4:55:47 PM G - Gain with average volume today for a best-ever close. It has rallied more than +108% higher in 8 months since first featured in yellow in the 8/10/10 mid-day report (read here). It could produce more climactic gains, but recently it has been noted - "Extended from any sound base. Prior highs in the $83-85 area define chart support to watch above its 50 DMA line." >>> The latest Featured Stock Update with an annotated graph appeared on 3/30/2011. 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
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$81.19	+0.29 0.36%	$82.20	99,700 62.55% of 50 DAV 50 DAV is 159,400	$84.82 -4.28%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 4/8/2011 6:23:55 PM G - Pulling back from its all-time high with a 4th consecutive loss on below average volume. It is extended from any sound base pattern. Its 50 DMA line ($75.83 now) defines support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 3/25/2011. 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
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$37.57	-0.61 -1.60%	$38.47	1,085,687 130.66% of 50 DAV 50 DAV is 830,900	$40.78 -7.87%	3/22/2011	$38.29	PP = $38.85
								MB = $40.79
Most Recent Note - 4/13/2011 5:25:17 PM Y - Down again today on slightly higher volume, raising some concerns while sinking further below its pivot point and closing under prior high closes, technically negating its 4/01/11 breakout. Its nearby 50 DMA line ($36.36 now) defines important support above recent lows in the $35.50 area. >>> The latest Featured Stock Update with an annotated graph appeared on 3/23/2011. 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
INFA - NASDAQ Informatica Corp COMPUTER SOFTWARE and SERVICES - Business Software and Services	$53.34	+1.96 3.81%	$53.50	1,994,465 234.89% of 50 DAV 50 DAV is 849,100	$52.96 0.72%	3/24/2011	$50.04	PP = $49.86
								MB = $52.35
Most Recent Note - 4/13/2011 5:08:37 PM G - Considerable gain today with more than 2 times average volume for a new high. Color code is changed to green after rallying beyond its max buy level. Prior highs in the $49 area define support to watch coinciding with its 50 DMA line. Subsequent violations would raise concerns and may trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 3/28/2011. 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$92.11	+2.81 3.15%	$92.36	1,593,002 68.22% of 50 DAV 50 DAV is 2,335,100	$94.98 -3.02%	3/28/2011	$68.11	PP = $85.38
								MB = $89.65
Most Recent Note - 4/13/2011 5:10:36 PM G - Up today on light volume for its second-best close ever. Prior highs in the $85 area define initial chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/31/2011. 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	$17.08	+0.58 3.52%	$17.24	188,619 165.17% of 50 DAV 50 DAV is 114,200	$17.33 -1.44%	3/15/2011	$15.48	PP = $15.90
								MB = $16.70
Most Recent Note - 4/13/2011 5:11:17 PM G - Considerable gain today rallying back above its "max buy" level, and its color code was changed to green again. Reported earnings +200% on +23% sales revenues for the quarter ended February 28, 2011 versus the year-ago period. Recently consolidating above prior highs and its 50 DMA line defining important support, and subsequent violations may trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 4/12/2011. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$79.20	+0.72 0.92%	$79.95	69,069 73.63% of 50 DAV 50 DAV is 93,800	$80.86 -2.05%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 4/13/2011 5:12:46 PM G - Wedging higher on light volume this week. Its 50 DMA line defines important support to watch. It has been repeatedly noted - "Extended from any sound base pattern." >>> The latest Featured Stock Update with an annotated graph appeared on 4/8/2011. 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
OPEN - NASDAQ Opentable Inc INTERNET - Internet Software and Services	$106.98	+0.70 0.66%	$108.40	934,882 72.98% of 50 DAV 50 DAV is 1,281,000	$112.78 -5.14%	3/17/2011	$90.71	PP = $96.07
								MB = $100.87
Most Recent Note - 4/13/2011 5:14:07 PM G - Quietly hovering near all-time highs, extended from its latest base. Prior highs near $96 and its 50 DMA line define support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 3/24/2011. 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
PAY - NYSE Verifone Systems Inc COMPUTER HARDWARE - Transaction Automation Systems	$55.29	+1.27 2.35%	$55.45	2,940,113 133.39% of 50 DAV 50 DAV is 2,204,200	$58.88 -6.10%	1/27/2011	$41.77	PP = $44.97
								MB = $47.22
Most Recent Note - 4/13/2011 5:16:37 PM G - Up again today with above average volume following a positive reversal noted on the prior session. Its 50 DMA line ($49.64 now) defines important chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/4/2011. 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
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$514.81	+2.67 0.52%	$516.30	833,492 70.02% of 50 DAV 50 DAV is 1,190,300	$522.00 -1.38%	1/3/2011	$399.55	PP = $428.20
								MB = $449.61
Most Recent Note - 4/8/2011 6:37:19 PM G - Still hovering near its 52-week high with volume totals cooling while it has been noted as extended from any sound base pattern. Its 50 DMA line has defined support throughout its advance. >>> The latest Featured Stock Update with an annotated graph appeared on 3/21/2011. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$41.75	+0.71 1.73%	$42.58	1,264,460 71.66% of 50 DAV 50 DAV is 1,764,600	$44.19 -5.52%	3/16/2011	$36.28	PP = $40.72
								MB = $42.76
Most Recent Note - 4/12/2011 10:27:05 AM G - Down considerably today, slumping again toward prior highs near $40 defining important chart support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 3/16/2011. 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
TIBX - NASDAQ Tibco Software Inc COMPUTER SOFTWARE and SERVICES - Business Software and Services	$28.86	+0.81 2.89%	$28.98	3,707,252 155.76% of 50 DAV 50 DAV is 2,380,100	$29.85 -3.32%	3/18/2011	$23.88	PP = $26.04
								MB = $27.34
Most Recent Note - 4/13/2011 1:15:19 PM G - Gapped up again today, getting extended from a sound base following a 4/12/11 gap up and gain with heavy volume for a new 52-week high. Found support above prior highs in the $25-26 area during its recent consolidation. >>> The latest Featured Stock Update with an annotated graph appeared on 3/18/2011. 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$74.96	+0.99 1.34%	$75.09	614,393 77.48% of 50 DAV 50 DAV is 793,000	$76.85 -2.46%	3/31/2011	$68.04	PP = $70.79
								MB = $74.33
Most Recent Note - 4/13/2011 5:20:22 PM G - Gain today with lighter than average volume led to a close back above its "max buy" level and its color code is changed to green again. No overhead supply remaining to act as resistance. Following its 4/01/11 technical breakout, its prior highs in the $70 area define support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/1/2011. 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$49.80	-0.71 -1.41%	$50.95	441,695 70.26% of 50 DAV 50 DAV is 628,700	$51.82 -3.90%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 4/8/2011 6:43:58 PM G - Touched another new all-time high today before puling back and closing with a small loss on light volume. Extended from any sound base now, its prior highs and its 50 DMA line define chart support to watch near the $44 level on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 3/29/2011. 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