The Labor Department reported tepid job growth in May, with payrolls increasing only 54,000, the weakest reading since September. The unemployment rate unexpectedly rose to 9.1%. Another economic report helped offset the sting from the jobs data. The Institute for Supply Management showed that growth accelerated in May in the services sector.  A decline in the US dollar supported commodity prices. Meanwhile, the euro rallied on expectations Greece will secure a new aid package.

Newell Rubbermaid Inc (NWL -11.79%) lowered its earnings outlook was among the worst performers in the S&P 500.  Orexigen Therapeutics (OREX -33.33%) was a standout on the downside, diving after a Food and Drug Administration division advised the company that its proposed cardiovascular outcomes trial would not adequately address the approval deficiency for its Contrave weight-loss drug candidate. The two above mentioned companies lack the solid earnings history expected of buy candidates under the fact-based investment system and would not be on any disciplined investors' watchlists.

The June 2011 issue of CANSLIM.net News will be released soon! When it is available all upgraded members will receive email notifications and be able to access it via links on the website including via the dynamic archive links on the Premium Membership Homepage.

PICTURED: The Nasdaq Composite Index violated its Day 1 low (2,739.85) ending the nascent rally.  Wednesday's damaging distribution day immediately cast doubt on the new rally after a follow-through day. The prompt failure sends a caution flag up for disciplined investors who may not consider odds favorable for acting upon new buy candidates matching all key criteria until another new rally with a follow-through day reconfirms the M criteria.

The tech sector's weakness ensured the Nasdaq Composite Index's deterioration and its failed rally as the Semiconductor Index ($SOX -1.85%), Internet Index ($IIX -1.84%), Networking Index ($NWX -1.37%), and Biotechnology Index ($BTK -0.78%) finished unanimously lower. The Retail Index ($RLX -1.44%) fell harder than financial groups, but the negative influence of its loss and declines in the Broker/Dealer Index ($XBD -1.17%) and Bank Index ($BKX -0.89%) weighed significantly on the major averages. The Healthcare Index ($HMO -1.42%) also suffered a loss. Meanwhile, commodity-linked groups ended the week on a quiet note as the Gold & Silver Index ($XAU +0.02%) and Integrated Oil Index ($XOI -0.07%) finished nearly unchanged and the Oil Services Index ($OSX +0.22%) inched higher.

Charts courtesy www.stockcharts.com

PICTURED 1: The Bank Index ($BKX -0.89%) is slumping near its early-December levels after earlier gains this week above its 200-day moving average (DMA) line offered a brief sign of encouragement. For now the recent series of lower highs and lower lows bodes poorly. In recent weeks we have routinely focused on the worrisome deterioration of financial stocks.

Charts courtesy www.stockcharts.com

PICTURED 2: The Broker/Dealer Index ($XBD -1.17%) slumped to its lowest close since October 2010 after earlier gains this week above its 200-day moving average (DMA) line offered a brief sign of encouragement. Until the financial groups exhibit strength the outlook for the broader market is likely to remain questionable at best.  Historic studies have shown the major averages to be especially vulnerable to downdrafts when financial stocks are weak.  Regular readers of this commentary have seen countless references to the importance of the financial groups as leading indicators.

Mercadolibre Inc (MELI -$0.02 or -0.02% to $89.68) was approaching its all-time high when it was featured in the 6/01/11 mid-day report in yellow and noted with a new pivot point based on its high plus 10 cents. After a short flat base above its 50-day moving average (DMA) line and prior highs which define chart support on pullbacks. A technical breakout with sufficient volume may subsequently confirm a proper new buy signal. However, deteriorating market conditions (M criteria) late this week are again arguing against new buying efforts until a new rally is confirmed with a gain and subsequent follow-through day from at least one of the major averages. 

Following its last appearance in this FSU section on 10/19/10 under the headline, "Deterioration Continues Following +41% Rally In Under 5 Months", it was dropped from the Featured Stocks list and went through a long consolidation during which its 200-day moving average (DMA) line acted as support. Meanwhile, its Relative strength rank suffered. In recent weeks the Latin American Internet - eCommerce firm enjoyed a streak of volume-driven gains to new 52-week and all-time highs. Its strong quarterly earnings and annual earnings history satisfy the C and A criteria.  Top-rated funds owning an interest rose from 328 in Dec '10 to 352 in Mar '11, which is an encouraging sign concerning the I criteria.

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
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$75.56	-0.62 -0.81%	$76.65	20,559 55.56% of 50 DAV 50 DAV is 37,000	$82.29 -8.18%	6/2/2011	$76.10	PP = $82.39
								MB = $86.51
Most Recent Note - 6/2/2011 Y - This high-ranked leader in the Finance - Consumer Loans industry is thinly traded (33,300 shares average daily volume) and has a small supply (S criteria) of shares outstanding. Strong earnings history satisfies the C and A criteria. It is consolidating near its 50 DMA line which defines important support along with recent lows near $75. A subsequent gain above its pivot point with heavy volume would trigger a technical buy signal, meanwhile it has formed a sound new base pattern of sufficient length and its color coded is changed to yellow with a pivot point based on its 52-week high plus 10 cents. >>> The latest Featured Stock Update with an annotated graph appeared on 12/20/2010. 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
CEVA - NASDAQ Ceva Inc ELECTRONICS - Semiconductor - Specialized	$31.90	-0.85 -2.60%	$32.98	236,802 106.86% of 50 DAV 50 DAV is 221,600	$35.60 -10.39%	5/25/2011	$32.98	PP = $32.05
								MB = $33.65
Most Recent Note - 6/3/2011 4:01:20 PM Y - Pulling back on light volume today for a 3rd consecutive loss, slumping near its pivot point. Prior highs define support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 5/25/2011. 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
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$286.51	+0.72 0.25%	$291.89	1,024,766 94.71% of 50 DAV 50 DAV is 1,082,000	$295.99 -3.20%	4/1/2011	$274.00	PP = $275.10
								MB = $288.86
Most Recent Note - 6/1/2011 5:26:36 PM G - Down today with very quiet volume while perched near its all-time high. No resistance remains due to overhead supply. Formed a 5-week base with volume totals cooling in recent weeks while finding support near its 50 DMA line. Its sub par earnings increase of +23% in the latest quarter ended March 31st, 2011 versus the year ago period raised concern while marking its weakest quarterly earnings increase in more than 2 years. >>> The latest Featured Stock Update with an annotated graph appeared on 5/17/2011. 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
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$31.19	-0.62 -1.95%	$31.70	264,278 72.86% of 50 DAV 50 DAV is 362,700	$33.31 -6.36%	2/18/2011	$27.94	PP = $30.04
								MB = $31.54
Most Recent Note - 6/3/2011 4:10:09 PM G - There was a negative reversal on 6/01/11 for a loss on higher volume after touching a new 52-week high. Recent lows and its 50 DMA line define important nearby chart support to watch where technical violations would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/10/2011. 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
FCFS - NASDAQ First Cash Financial Svs SPECIALTY RETAIL - Specialty Retail, Other	$38.43	-0.47 -1.21%	$39.09	223,426 110.44% of 50 DAV 50 DAV is 202,300	$42.36 -9.28%	5/31/2011	$42.00	PP = $40.23
								MB = $42.24
Most Recent Note - 6/3/2011 4:12:58 PM G - Finding support near its 50 DMA line and prior lows. Its color code was changed to green after damaging losses on higher volume negated its latest breakout. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/31/2011. 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
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
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$100.50	-1.76 -1.72%	$102.97	394,155 52.17% of 50 DAV 50 DAV is 755,500	$107.54 -6.55%	2/1/2011	$73.30	PP = $74.44
								MB = $78.16
Most Recent Note - 6/1/2011 2:01:34 PM G - Pulling back today, its volume totals have been cooling while consolidating in a tight range since its considerable gap up gain on 5/10/11 for a new all-time high. It is extended from any sound base. Prior highs near $96 define initial support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 5/2/2011. 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	$75.42	-1.20 -1.57%	$76.18	180,439 113.91% of 50 DAV 50 DAV is 158,400	$84.82 -11.08%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 6/1/2011 5:41:17 PM G - Down on below average volume today. It has lingered for the past 4 weeks below its 50 DMA line which may now act as resistance. A rally above it would improve its technical stance. Deterioration below its recent chart low ($73.27) would raise more serious concerns and trigger an additional sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/23/2011. 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
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$41.91	-1.14 -2.65%	$43.08	833,049 84.97% of 50 DAV 50 DAV is 980,400	$45.11 -7.09%	3/22/2011	$38.29	PP = $38.85
								MB = $40.79
Most Recent Note - 6/3/2011 3:51:06 PM G - Volume totals have been cooling while consolidating above its 50 DMA line. That important short-term average defines chart support to watch where a violation would trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/20/2011. 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
INFA - NASDAQ Informatica Corp COMPUTER SOFTWARE and SERVICES - Business Software and Services	$56.88	-1.30 -2.23%	$57.83	914,584 76.23% of 50 DAV 50 DAV is 1,199,800	$59.98 -5.17%	3/24/2011	$50.04	PP = $49.86
								MB = $52.35
Most Recent Note - 6/3/2011 3:53:51 PM G - Pulling back today and volume totals have been cooling since it hit a new 52-week high on 6/01/11 then reversed into the red. This high-ranked Computer Software - Database firm did not form a sound new base pattern. Its 50 DMA line defines near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2011. 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$86.66	-0.66 -0.76%	$88.95	1,568,739 77.04% of 50 DAV 50 DAV is 2,036,200	$102.83 -15.72%	5/18/2011	$98.15	PP = $102.93
								MB = $108.08
Most Recent Note - 6/1/2011 5:00:42 PM G - Sank to a close even further below its 50 DMA line with today's loss on average volume. Overhead supply may hinder its ability to rally for the near term. It failed to confirm a recent buy signal since a new pivot point was cited, and it triggered technical sell signals with damaging losses on above average volume last week. >>> The latest Featured Stock Update with an annotated graph appeared on 5/27/2011. 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
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$89.68	-0.02 -0.02%	$92.25	872,526 123.92% of 50 DAV 50 DAV is 704,100	$92.73 -3.29%	6/1/2011	$90.55	PP = $92.83
								MB = $97.47
Most Recent Note - 6/3/2011 6:40:49 PM Y - Consolidating above its 50 DMA line within close striking distance of its all-time high. It was featured in the 6/01/11 mid-day report in yellow with an annotated weekly graph (read here). For more details and a new annotated daily graph see the latest FSU analysis. >>> The latest Featured Stock Update with an annotated graph appeared on 6/3/2011. 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	$16.52	-0.36 -2.13%	$16.83	46,188 29.10% of 50 DAV 50 DAV is 158,700	$18.46 -10.51%	3/15/2011	$15.48	PP = $15.90
								MB = $16.70
Most Recent Note - 6/3/2011 4:15:35 PM G - Today's loss with very light volume has it slumping further below its 50 DMA line after that short-term average acted as resistance this week. The recent low ($16.10 on 5/25/11) defines near-term chart support to watch since its recently completed Public Offering. >>> The latest Featured Stock Update with an annotated graph appeared on 5/12/2011. 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	$79.21	-2.61 -3.19%	$81.01	102,625 112.04% of 50 DAV 50 DAV is 91,600	$86.99 -8.94%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 6/3/2011 3:35:27 PM G - Down today with below average volume, violating its 50 DMA line and trading just under recent chart lows defining important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 5/5/2011. 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
OPNT - NASDAQ Opnet Technologies INTERNET - Internet Software and Services	$36.87	-1.88 -4.85%	$38.84	122,639 93.40% of 50 DAV 50 DAV is 131,300	$42.51 -13.27%	5/11/2011	$41.21	PP = $40.50
								MB = $42.53
Most Recent Note - 6/3/2011 3:32:00 PM G - Violated its 50 DMA line today with a damaging loss with volume lighter than average, and it traded just under recent lows raising greater concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/11/2011. 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
OTEX - NASDAQ Open Text Corp INTERNET - Internet Software and Services	$63.73	-1.27 -1.95%	$64.73	266,035 75.24% of 50 DAV 50 DAV is 353,600	$67.08 -4.99%	6/1/2011	$65.86	PP = $67.18
								MB = $70.54
Most Recent Note - 6/3/2011 4:18:09 PM Y - Small gap down today for a loss on below average volume. No resistance remains from overhead supply, however a breakout on volume is still needed to confirm a proper new technical buy signal. See the latest FSU analysis for details and a new annotated daily graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/2/2011. 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
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$507.80	-4.98 -0.97%	$516.36	896,979 82.42% of 50 DAV 50 DAV is 1,088,300	$561.88 -9.62%	1/3/2011	$399.55	PP = $428.20
								MB = $449.61
Most Recent Note - 6/2/2011 3:17:10 PM G - Recent gains with below average volume followed distributional action and it is lingering near its 50 DMA line now. Recent chart low ($487.70 on 5/25/11) defines an important near-term support level where further deterioration would raise even greater concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/19/2011. 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	$43.38	-0.93 -2.10%	$44.24	2,113,742 113.96% of 50 DAV 50 DAV is 1,854,800	$46.50 -6.70%	6/3/2011	$43.36	PP = $46.59
								MB = $48.92
Most Recent Note - 6/3/2011 4:05:52 PM Y - Consolidating above its 50 DMA line, perched within close striking distance of its 52-week high. Color code is changed to yellow with new pivot point based on its 52-week high plus 10 cents. Deterioration below its 50 DMA line recent chart low ($38.84 on 5/12/11) would trigger more worrisome technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 5/13/2011. 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
TIBX - NASDAQ Tibco Software Inc COMPUTER SOFTWARE and SERVICES - Business Software and Services	$26.64	-0.80 -2.92%	$27.14	2,738,229 99.27% of 50 DAV 50 DAV is 2,758,400	$30.75 -13.37%	3/18/2011	$23.88	PP = $26.04
								MB = $27.34
Most Recent Note - 6/3/2011 3:46:24 PM G - Gapped down today and serious concerns were raised this week after it technically triggered sell signals with losses and slumped below its 50 DMA line. Overhead supply may act as resistance. >>> The latest Featured Stock Update with an annotated graph appeared on 5/18/2011. 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$51.06	+0.47 0.93%	$51.61	1,426,612 283.51% of 50 DAV 50 DAV is 503,200	$57.17 -10.69%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 6/2/2011 3:05:24 PM G - Slumping under its 50 DMA line today with a second consecutive loss with above average volume, raising concerns. It is poised for its lowest close since 4/19/11, while a subsequent violation of its recent low ($50.43 on 5/23/11) may trigger a more worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/26/2011. 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
ZAGG - NASDAQ Zagg Inc SPECIALTY RETAIL - Specialty Retail, Other	$10.99	-0.20 -1.79%	$11.42	1,314,149 108.02% of 50 DAV 50 DAV is 1,216,600	$11.53 -4.68%	6/1/2011	$10.92	PP = $10.59
								MB = $11.12
Most Recent Note - 6/3/2011 3:48:41 PM Y - Still holding its ground today after technically breaking out from a cup-with-handle type base this week. Prior high closes define important chart support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2011. 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