The Dow Jones Industrial Average, Nasdaq Composite, and small-cap Russell 2000 indexes all traded below their May 25, 2010 lows while the benchmark S&P 500 Index came within 2 points of last month's low. The Dow Jones Industrial Average marked a new Day 1 with Tuesday's positive close, but the Nasdaq Composite Index's loss leaves it awaiting a new Day 1 gain.  So far, support near prior chart lows has been tested and appears to have held, but any further deterioration would suggest that another leg lower may follow.

The market reacted somewhat positively to Ben Bernanke's comments that he does not believe a double dip recession will occur in the US, but the price/volume action of the major averages disagrees with his outlook. It may be extremely important to watch how the euro performs versus many of its popular counterparts going forward. So far, the vast majority of the recent weakness has been directly due to European contagion woes. The euro negatively reversed (opened higher but closed lower) on Tuesday which put pressure on global equity indexes. Last month's low for the euro (formerly support) was just above $1.21 and that level has now become resistance. The bears remain in control until the bulls manage to send the euro above $1.21. Elsewhere, it was disconcerting to see the euro plunge to a new multi-year lows versus the Swiss Franc.

From our vantage point, the latest three-day rally effort failed, evidenced by the poor action in the major averages in recent sessions. Furthermore, the author of "How To Make Money In Stocks", the book that explains the fact-based investment system, has observed in the past that a market should not be considered to be in "healthy" shape unless at least 2 of the 3 major averages are trading above their rising 200-day moving average (DMA) lines. This played a pivotal role in our view in recent weeks. As of Tuesday's close, The Nasdaq Composite, Dow Jones Industrial Average, S&P 500 and small-cap Russell 2000 Index unanimously closed below their respective 200 DMA lines. Therefore, the bears will likely remain in control until these popular averages close above those important levels.

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PICTURED: The S&P 500 Index marked Day 10 of its current rally attempt while narrowly avoiding undercutting its 5/25/10 low.

Note: We would like to wish Mr. Kenneth Gruneisen, Founder of CANSLIM.net, A VERY HAPPY BIRTHDAY!

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.60%) traded -17.3% off its April high at Tuesday's low below its 200-day moving average (DMA) line.

Summer Infant Inc (SUMR  -$0.60 or -8.39% or $6.65) gapped down today, violating prior chart highs and its 50-day moving average (DMA) line, with its considerable loss on higher volume (3 times average) triggering technical sell signals. Recent losses with above average volume raised concerns.  Today's weakness led to a 50 DMA violation that stands in stark contrast with its last appearance in this FSU section on 5/21/10 under the headline "Positive Reversal Near Chart Support Levels" when that short-term average acted as support.

Recent quarterly comparisons show sales revenues growth accelerating and big earnings increases (triple digit percentages), plus it has a good annual earnings (A criteria) history.  Low-priced stocks are supposed to be avoided under the fact-based system because they are typically riskier candidates, however, when all key criteria are satisfied and market conditions are bullish buying efforts may be justified. Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and odds are currently stacked against investors' success until a new rally with a follow-through day from at least one of the major averages confirms that strength is returning to stocks.

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
APEI - NASDAQ American Public Educ Inc DIVERSIFIED SERVICES - Education and Training Services	$46.14	-0.32 -0.68%	$46.77	472,646 333.08% of 50 DAV 50 DAV is 141,900	$48.17 -4.21%	6/7/2010	$46.60	PP = $46.29
								MB = $48.60
Most Recent Note - 6/8/2010 1:39:28 PM Y - Pulling back today, slumping under its pivot point. Finished in the lower half of its intra-day range, yet its 6/07/10 gain and close above its pivot point with above average volume triggered a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2008. 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	$70.49	+0.68 0.97%	$71.72	10,839,785 70.98% of 50 DAV 50 DAV is 15,272,600	$82.29 -14.34%	1/13/2010	$43.13	PP = $42.68
								MB = $44.81
Most Recent Note - 6/7/2010 3:25:42 PM G - Down on light volume today, consolidating toward its 50 DMA line, still extended from any sound base. A worrisome negative reversal from its all-time high on 5/13/10 followed a 10:1 stock split. >>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2010. 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
BRLI - NASDAQ Bio Reference Labs Inc HEALTH SERVICES - Medical Laboratories and Researc	$22.61	+0.31 1.39%	$22.70	129,178 66.86% of 50 DAV 50 DAV is 193,200	$24.67 -8.36%	2/12/2010	$39.02	PP = $20.49
								MB = $21.51
Most Recent Note - 6/7/2010 5:05:06 PM G - It remains trading below its 50 DMA line. Consolidating for about 7 weeks since a 2:1 stock split effective on 4/22/10. >>> The latest Featured Stock Update with an annotated graph appeared on 5/26/2010. 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
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$88.00	+0.10 0.11%	$89.74	3,619,324 153.75% of 50 DAV 50 DAV is 2,354,000	$96.35 -8.67%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 6/7/2010 5:10:39 PM Y - Loss today raised concern as it finishing under its pivot point and prior high closes following a negative reversal on 6/04/10 after reaching a new all-time high. Its "breakaway gap" on 6/03/10 triggered a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/2/2010. 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
LL - NYSE Lumber Liquidators Hldgs RETAIL - Home Improvement Stores	$27.00	-0.83 -2.98%	$28.23	662,334 190.00% of 50 DAV 50 DAV is 348,600	$33.41 -19.19%	4/22/2010	$29.87	PP = $29.03
								MB = $30.48
Most Recent Note - 6/8/2010 2:09:14 PM G - Slumping further below its 50 DMA line and December '09 highs today, approaching its prior chart lows and 200 DMA line. Based on weak action it will be dropped from the Featured Stocks list tonight. A rally back above its short-term average would help its outlook improve. A "negative reversal" on 4/26/10 marked its all-time high. >>> The latest Featured Stock Update with an annotated graph appeared on 6/4/2010. 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
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	$23.58	-0.07 -0.30%	$23.79	220,126 52.22% of 50 DAV 50 DAV is 421,500	$28.46 -17.15%	4/13/2010	$27.71	PP = $27.33
								MB = $28.70
Most Recent Note - 6/8/2010 4:20:26 PM G - Held its ground quietly today -18% off its 52-week high after violating prior chart lows on 6/07/10, raising concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/27/2010. 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
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$51.65	+0.63 1.23%	$52.55	560,248 83.71% of 50 DAV 50 DAV is 669,300	$56.16 -8.03%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 6/7/2010 5:16:55 PM Y - Pulled back toward its 50 DMA line today. Its latest rally effort fell short of producing a powerful gain above its pivot point with volume sufficient to trigger a proper technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/28/2010. 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
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$35.87	-0.42 -1.16%	$36.30	1,447,363 109.87% of 50 DAV 50 DAV is 1,317,300	$40.06 -10.46%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 6/8/2010 4:23:01 PM G - Closed at the session high today with a small loss after slumping further under its 50 DMA line near recent lows. Color code was changed to green. It would need to rally back above its short-term average for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2010. 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
SUMR - NASDAQ Summer Infant Inc CONSUMER NON-DURABLES - Personal Products	$6.55	-0.60 -8.39%	$7.19	228,227 316.98% of 50 DAV 50 DAV is 72,000	$8.42 -22.21%	5/4/2010	$6.85	PP = $7.09
								MB = $7.44
Most Recent Note - 6/8/2010 4:25:20 PM G - Gapped down today, violating prior chart highs and its 50 DMA line with a considerable loss on higher volume triggering technical sell signals. Recent losses with above average volume raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2010. 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
THOR - NASDAQ Thoratec Corp HEALTH SERVICES - Medical Instruments and Supplies	$42.32	-0.43 -1.01%	$43.14	736,141 81.51% of 50 DAV 50 DAV is 903,100	$46.50 -8.99%	6/3/2010	$44.38	PP = $45.35
								MB = $47.62
Most Recent Note - 6/8/2010 10:34:40 AM Y - Consolidating well above its 50 DMA line while about -9% off its 52 week high today. Losses entirely erased its latest breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 6/3/2010. 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
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	$21.42	-0.81 -3.64%	$22.52	577,514 138.13% of 50 DAV 50 DAV is 418,100	$26.00 -17.62%	5/28/2010	$25.58	PP = $25.86
								MB = $27.15
Most Recent Note - 6/8/2010 2:25:44 PM G - Slumping further below its 50 DMA line today. After encountering distributional pressure it is currently -18% off its 52-week high, trading near its prior chart lows that define important chart support now in the $21 area. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2010. 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