The major averages ended the session in positive territory ahead of the Fed's two-day monetary policy meeting. Better-than-expected economic data also provided a tailwind to the market. Before the open, a report showed manufacturing activity in New York unexpectedly expanded in June. A separate release revealed homebuilder sentiment increased to its best level in seven years. Stocks pared gains heading into the closing bell after an article in the Financial Times suggested Chairman Bernanke may signal the central bank is close to tapering its bond-buying program during his press conference on Wednesday.

Nine of 10 sectors in the S&P 500 advanced on the session.  Hess Corp (HES +2.30%) and Cisco Systems Inc (CSCO +2.53%) tallied gains as energy and technology were the best performing groups. Telecom was the worst performing sector with Verizon Communications Inc (VZ -0.70%) ended with a loss. Netflix Inc (NFLX +7.1%) was a notable gainer, rallying after announcing a content deal with DreamWorks Animation.

Treasuries were mostly lower with the 10-year note down 11/32 to yield 2.17%.  

The damage worsened last week and the market (M criteria) weakness was labeled a "correction" as this commentary reminded members - "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 Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line and above recent lows defining near-term support. Time alone will tell if the correction continues with damage escalating, or if a new rally can produce meaningful confirmation and conviction behind additional gains. The window is now open for a follow-through day (FTD) of gains from the major averages within the most ideal period 4-7 days after the major averages halted their latest slide.

Strength in financial shares underpinned the major averages' rally on Monday as the Broker/Dealer Index ($XBD +2.00%) outpaced the Bank Index ($BKX +0.76%).  The Retail Index ($RLX +0.62%) posted a modest gain and also was a positive influence on the major averages. Gains in energy-related shares boosted the Oil Services Index ($OSX +1.76%) and the Integrated Oil Index ($XOI +1.06%).  The Semiconductor Index ($SOX +1.46%) and Internet Index ($IIX +1.00%) led the tech sector higher while the Networking Index ($NWX +0.37%) posted a smaller gain, but the Biotechnology Index ($BTK -0.11%) ended the session slightly in the red.  Meanwhile, the Healthcare Index ($HMO +1.08%) led defensive groups higher while the Gold & Silver Index ($XAU +0.44%) posted a smaller gain.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +1.76%) is trading above its 50-day moving average (DMA) line while consolidating from May highs.

Air Lease Corp (AL +$0.11 or +0.40% to $27.85) is still consolidating below its 50-day moving average (DMA) line which may continue to act as resistance. Gains above that short-term average are needed for it to improve its technical stance and help its near-term outlook. It completed a Secondary Offering on 5/31/13. The company reported earnings +38% on +45% sales revenues for the quarter ended March 31, 2013 versus the year ago period. The result was below analysts' estimates yet well above the +25% minimum earnings guideline (C criteria). However, its earnings Per Share Rank has subsequently fallen from 84 to 71, below the 80+ minimum for buy candidates (see red circle). Its Relative Strength Rating has also slumped below the 80+ minimum guideline to 72. Decelerating sales revenues and earnings increases in sequential quarterly comparisons through Dec '12 were noted as cause for some concern, and the Mar '13 comparison continued that worrisome trend. 

It is still a fairly good match with the fact-based investment system's fundamental guidelines (C and A criteria), however it would be more ideal for a company to show sales and earnings acceleration. Couple the fundamental concerns with its technical weakness and it gets harder to argue for giving the Commercial Services - Leasing firm much latitude. Disciplined investors always limit losses if any stock falls -7% from their purchase price.

The number of top-rated funds owning its shares edged higher from 177 in Sep '12 to 187 in Mar '13 which is slightly reassuring concerning the I criteria. AL was last shown in this FSU section on 5/30/13 with an annotated graph under the headline, "Weak Technical Action Triggered Sell Signal", after it violated important support at its 50-day moving average (DMA) line with volume-driven losses which raised concerns and triggered a technical sell signal.

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	$27.85	+0.11 0.40%	$28.24	166,885 29.63% of 50 DAV 50 DAV is 563,300	$31.00 -10.16%	5/9/2013	$30.95	PP = $29.38
								MB = $30.85
Most Recent Note - 6/17/2013 1:14:30 PM G - Still consolidating just below its 50 DMA line which may act as resistance. Completed a Secondary Offering on 5/31/13. >>> The latest Featured Stock Update with an annotated graph appeared on 6/17/2013. 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	$18.14	+0.67 3.84%	$18.20	1,710,532 173.31% of 50 DAV 50 DAV is 987,000	$18.21 -0.38%	5/6/2013	$15.31	PP = $16.10
								MB = $16.91
Most Recent Note - 6/17/2013 12:18:29 PM G - Wedging higher without especially heavy volume behind today's 3rd consecutive gain. Tallied 8 consecutive weekly gains. Recent lows and its 50 DMA line ($14.87 now) define important chart support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2013. 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	$50.62	+1.30 2.64%	$51.58	293,825 256.17% of 50 DAV 50 DAV is 114,700	$51.72 -2.13%	4/25/2013	$40.16	PP = $40.84
								MB = $42.88
Most Recent Note - 6/17/2013 12:24:34 PM G - Gapped up for a 2nd consecutive considerable gain with volume running at an above average pace while challenging its 52-week high. Recent low and its 50 DMA line define important near-term support in the $45 area. >>> 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	$88.07	+0.42 0.48%	$89.75	903,434 105.88% of 50 DAV 50 DAV is 853,300	$88.83 -0.85%	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	$31.68	-0.03 -0.09%	$32.00	415,444 107.91% of 50 DAV 50 DAV is 385,000	$34.07 -7.01%	5/10/2013	$29.03	PP = $27.28
								MB = $28.64
Most Recent Note - 6/14/2013 6:24:44 PM G - Volume totals have still been cooling while holding its ground stubbornly, extended from its previous base. Its 50 DMA line defines initial support above prior highs in the $27 area. >>> 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	$23.08	-0.95 -3.95%	$24.35	55,180 230.88% of 50 DAV 50 DAV is 23,900	$25.97 -11.13%	3/15/2013	$22.29	PP = $23.18
								MB = $24.34
Most Recent Note - 6/17/2013 1:08:17 PM G - Slumping below its 50 DMA line today, weak amid a mostly positive market, and its color code is changed to green. Churned above average volume without making meaningful price progress in the past 2 weeks. Up/Down Volume Ratio is currently 0.7 which is an unbiased indication it has been encountering distributional pressure over the past 50 days. The recent low ($21.49 on 5/23/13) defines important near-term chart support 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	$42.20	-0.26 -0.61%	$43.00	718,104 61.39% of 50 DAV 50 DAV is 1,169,700	$46.91 -10.04%	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	$161.60	+6.54 4.22%	$163.87	160,446 224.09% of 50 DAV 50 DAV is 71,600	$155.59 3.86%	5/1/2013	$130.77	PP = $127.88
								MB = $134.27
Most Recent Note - 6/17/2013 12:53:47 PM G - Hitting a new all-time high with above average volume behind today's 4th consecutive gain, rallying with no resistance due to overhead supply. Its 50 DMA line defines important chart support. >>> 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	$59.46	+2.31 4.04%	$59.74	605,280 116.83% of 50 DAV 50 DAV is 518,100	$59.84 -0.64%	6/17/2013	$59.37	PP = $59.94
								MB = $62.94
Most Recent Note - 6/17/2013 1:12:55 PM Y- Gapped up today challenging its 52-week high. A new pivot point is cited based on its 5/10/13 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. >>> 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	$28.24	-0.78 -2.69%	$29.52	303,323 141.01% of 50 DAV 50 DAV is 215,100	$29.04 -2.75%	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	$84.82	+0.62 0.74%	$85.39	909,255 53.86% of 50 DAV 50 DAV is 1,688,100	$96.25 -11.88%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 6/14/2013 6:27:45 PM G- Concerns were raised by its sub par Mar '13 earnings report, however mostly bullish action has followed.Volume totals have been cooling while consolidating above prior highs. Support to watch is at prior highs coinciding with its 50 DMA near $76. >>> 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