Investors digested some positive economic reports amid ongoing concerns that the Fed may taper its easing measures. Looking at the data, weekly jobless claims were less than expected and May retail sales came in above consensus estimates.

All 10 sectors on the S&P were higher, led by gains in financials including JP Morgan Chase & Co (JPM +1.82%). On the earnings front, clothing maker PVH Corp (PVH +9.8%) rallied after the company topped analysts' expectations in the quarter. Also on the upside, The Men's Warehouse Inc (MW +5.68%) rallied following their profit tally. On the M&A front, Safeway Inc (SWY +7.40%) advanced on reports that the company's Canadian operations were being acquired by Empire Corporation for $5.7 billion.   Belo Corp (BLC +28.33%) advanced on news that the company was being acquired by Gannett for about $1.5 billion.

Turning to fixed income markets, Treasuries were higher along the curve. The benchmark 10-year note was up 21/32 to yield 2.16% and the 30-year bond added over a full point to yield 3.31%.

The damage worsened on Wednesday after market (M criteria) weakness was labeled a "correction" Tuesday evening by writers at the newspaper.  There is no denying that the weak and damaging action in the broader market serves as a clear reminder for investors  - be protective of any gains, and limit losses!  Be especially watchful for any individual issues flashing technical sell signals.  It is vitally important to your success with the fact-based investment system to reduce exposure and preserve cash during market downdrafts.

As always, watch upcoming CANSLIM.net reports for new action-worthy leaders best matching the winning models to be covered as they emerge and then included on the Featured Stocks Page - with our Certified experts' latest notes and links to additional resources including detailed analysis with annotated graphs.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The S&P 500 Index found support again at its 50-day moving average (DMA) line and avoided undercutting the recent low. Those levels define important near-term chart support to watch where any more damaging losses would raise serious concerns.

Financial shares underpinned the major averages' bounce back as the Broker/Dealer Index ($XBD +2.19%) led the Bank Index ($BKX +1.44%) higher on Thursday. The Networking Index ($NWX +2.47%) and Semiconductor Index ($SOX +1.97%) led the tech sector, followed by gains in the Internet Index ($IIX +1.62%) and the Biotechnology Index ($BTK +1.01%). Strength from the Retail Index ($RLX +1.24%) also helped the major averages post gains. Energy-related shares had a positive bias as the Integrated Oil Index ($XOI +1.54%) and Oil Services Index ($OSX +1.94%) both rose.  Meanwhile, more modest gains from defensive groups including the Gold & Silver Index ($XAU +0.95%) and the Healthcare Index ($HMO +1.04%) rounded out the widely positive session.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.44%) is consolidating above its 50-day moving average (DMA) line and recent lows.

Its fundamentals remain favorable with respect to the C and A criteria. Nationstar clinched a technical buy signal while tallying a streak of volume-driven gains after its last appearance in this FSU section with an annotated graph on 5/07/13 under the headline, "Forming New Base and Fundamentals Remain Strong". It had been highlighted in yellow with pivot point cited based on its 2/15/13 high plus 10 cents in the 5/07/13 mid-day report (read here). Soon thereafter it then rallied above previously stubborn resistance in the $41-42 area with considerable volume-driven gains. It reported strong earnings and sales increases for the Mar '13 quarter well above the +25% minimum guideline (C criteria), continuing its strong earnings growth history. The Finance - Mortgage Related Services group has a Group Relative Strength Rating of B-, and leadership from at least one other high-ranked company in the group is a reassuring sign concerning the L criteria. NSM has attracted increasing ownership interest from top-rated funds, rising from 119 funds in Jun '12 to 208 in Mar '13, a reassuring 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
AL - NYSE Air Lease Corp Cl A DIVERSIFIED SERVICES - Rental and Leasing Services	$28.01	+0.80 2.92%	$28.14	696,995 121.85% of 50 DAV 50 DAV is 572,000	$31.00 -9.65%	5/9/2013	$30.95	PP = $29.38
								MB = $30.85
Most Recent Note - 6/10/2013 5:45:32 PM G - Posted a gain today with below average volume and it remains below its 50 DMA line which may now act as resistance. Completed a Secondary Offering on 5/31/13. >>> The latest Featured Stock Update with an annotated graph appeared on 5/30/2013. 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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$17.04	+0.00 0.00%	$17.28	659,710 66.66% of 50 DAV 50 DAV is 989,700	$18.21 -6.43%	5/6/2013	$15.31	PP = $16.10
								MB = $16.91
Most Recent Note - 6/11/2013 12:07:34 PM G - Trading above average volume behind today's 3rd consecutive gain and hitting a new 52-week high. Reported strong earnings and revenues increases for the April '13 quarter. Recent lows and its 50 DMA line ($14.69 now) define important chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 5/29/2013. 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$46.64	+0.26 0.56%	$47.09	47,808 44.35% of 50 DAV 50 DAV is 107,800	$51.72 -9.82%	4/25/2013	$40.16	PP = $40.84
								MB = $42.88
Most Recent Note - 6/10/2013 5:41:04 PM G - Posted its 3rd consecutive gain on light volume since halting its slide well above its 50 DMA line defining important near-term chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2013. 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
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$87.79	+0.25 0.29%	$88.18	484,675 55.16% of 50 DAV 50 DAV is 878,700	$88.83 -1.17%	5/29/2013	$86.02	PP = $85.66
								MB = $89.94
Most Recent Note - 6/11/2013 3:50:28 PM Y- Hovering near its all-time high with volume totals recently cooling. Rose from an advanced "3-weeks tight" base with its 5/29/13 gain on +56% above average volume. It may go on to produce more climactic gains, however this was a riskier "late-stage" base. >>> The latest Featured Stock Update with an annotated graph appeared on 5/31/2013. 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
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$32.00	-0.11 -0.34%	$32.07	271,304 69.83% of 50 DAV 50 DAV is 388,500	$34.07 -6.08%	5/10/2013	$29.03	PP = $27.28
								MB = $28.64
Most Recent Note - 6/7/2013 4:11:23 PM G - Volume totals have been cooling while still holding its ground stubbornly perched at its 52-week high, very extended from its previous base. Prior highs in the $27 area define support to watch on pullbacks. Gains of greater than +20% in the first 2-3 weeks following its "breakaway gap" suggest holding for a minimum of 8 week under the fact-based investment system's rules. >>> The latest Featured Stock Update with an annotated graph appeared on 6/3/2013. 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
MRLN - NASDAQ Marlin Business Services DIVERSIFIED SERVICES - Rental and Leasing Services	$24.22	+0.73 3.11%	$24.31	9,953 42.00% of 50 DAV 50 DAV is 23,700	$25.97 -6.74%	3/15/2013	$22.29	PP = $23.18
								MB = $24.34
Most Recent Note - 6/11/2013 3:46:11 PM Y - Slumping back near its 50 DMA line with a loss today on light volume. The recent low ($21.49 on 5/23/13) defines important near-term support below that short-term average where a violation would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2013. 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
NSM - NYSE Nationstar Mtg Hldgs Inc FINANCIAL SERVICES - Credit Services	$41.97	+0.87 2.12%	$42.27	547,152 46.60% of 50 DAV 50 DAV is 1,174,100	$46.91 -10.53%	5/7/2013	$39.71	PP = $42.34
								MB = $44.46
Most Recent Note - 6/13/2013 5:18:49 PM Y - Volume totals have been cooling in recent weeks while consolidating near prior highs and above its 50 DMA line. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/13/2013. 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
PRAA - NASDAQ Portfolio Recovery Assoc DIVERSIFIED SERVICES - Business/Management Services	$154.03	+0.26 0.17%	$154.70	84,840 118.99% of 50 DAV 50 DAV is 71,300	$154.81 -0.50%	5/1/2013	$130.77	PP = $127.88
								MB = $134.27
Most Recent Note - 6/10/2013 5:36:19 PM G - Endured mild distributional pressure last week yet it remains perched near its high holding its ground with no resistance due to overhead supply. Its 50 DMA line defines important chart support. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2013. 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
PRLB - NYSE Proto Labs Inc MANUFACTURING - Small Tools and Accessories	$55.37	+1.95 3.65%	$55.69	244,302 47.04% of 50 DAV 50 DAV is 519,300	$59.84 -7.47%	5/3/2013	$54.77	PP = $54.01
								MB = $56.71
Most Recent Note - 6/12/2013 6:03:36 PM Y - Pulled back on light volume today, consolidating above important support at its 50 DMA line. A subsequent violation may trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/12/2013. 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
RRTS - NYSE Roadrunner Trans Systems TRANSPORTATION - Air Delivery and Freight Service	$28.21	+0.26 0.93%	$28.35	92,014 41.28% of 50 DAV 50 DAV is 222,900	$28.62 -1.43%	4/3/2013	$22.77	PP = $23.75
								MB = $24.94
Most Recent Note - 6/11/2013 12:51:41 PM G - Up from earlier lows after a gap down today following an analyst downgrade, retreating from a new all-time high hit on the prior session. Fundamental concerns were raised by its sub par earnings increase in the Mar '13 quarter, below the +25% minimum guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 6/4/2013. 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
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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$85.81	+2.45 2.94%	$85.92	1,131,367 61.28% of 50 DAV 50 DAV is 1,846,300	$96.25 -10.85%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 6/7/2013 5:08:20 PM G- Rallied since making recent acquisition plans. Support to watch is at prior highs coinciding with its 50 DMA near $76. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2013. 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