The Dow bounced back from an early loss of 235 points, and the Nasdaq Composite Index finished positive. Airline stocks including United Continental Holdings (UAL +4.84%) rallied on lower energy prices.  Aflac Inc (AFL -0.71%) was down only slightly after disclosing a $610 million loss tied to European investments.

Oil tumbled to the lowest price in four months after the International Energy Agency said its members would release crude from strategic reserves. At one point, oil slipped below $90 per barrel for the first time since February.

The market was stunned early by fears of European debt contagion, but investors were comforted late in the day by a report that European leaders approved Greek austerity measures necessary for the next round of aid.

There was no relief on the U.S. jobs front. Initial jobless claims rose more than expected last week. Homebuilders edged higher after a report that new home prices increased in May from the month before.

The S&P 500 Index's +1.34% gain on Tuesday was considered a questionable gain borderline with the minimum gain expected for a follow-through day (FTD). On Tuesday the S&P 400 Mid-Cap Index and S&P 600 Small-Cap Index both posted +1.9% gains on Day 3 and Day 4 of their rally attempts, respectively. The strength in small stocks and expansion in the new 52-week highs list was noted as an encouraging sign for growth-oriented investors who might cautiously look to accumulate ideal buy candidates, however the newspaper summarized the latest action with the conclusion that the broader market (M criteria) still remains in a correction.

A follow-through day (FTD) occurring between Day 4 and Day 7 of a new rally is considered the most ideal confirmation of a new rally attempt.  As previously explained, to produce a solid FTD there should be a gain of at least +1.4% or more from at least one of the major averages, and the gain must come with higher volume and an expansion in leadership (new 52-week highs). Meanwhile, any deterioration under the Day 1 lows would officially end the nascent rally attempt and signal that the market's correction is continuing.

Upgraded members will have access to the upcoming Q2 2011 Webcast scheduled for Wednesday, June 29th at 8PM EST and the July 2011 issue of CANSLIM.net News to be released soon afterward. 

PICTURED: The S&P 500 Index closed near the session high and nearly overcame a 24 point intra-day loss.  Even at the session low it remained about 5 points above the Day 1 (June 16th) low.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.96%) fell to new 2011 lows, sinking to October 2010 levels.

Strong quarterly and annual earnings increases satisfy the C and A criteria.  The number of top-rated funds owning its shares rose from 13 in Jun '10 to 53 in Mar '11, a reassuring sign concerning the I criteria.  As always, strict buying and selling rules must always be followed in order to maximize gains and minimize losses. In the Certification they teach investors to adhere to a rule of holding stocks for a minimum of at least 8 weeks whenever they rise more than +20% in the first 2-3 weeks after they are first bought.  Stocks that quickly tallied such large gains have historically proven to produce some of the stock market's biggest gains. Disciplined investors never chase stocks that are extended from a sound base, however they might watch for secondary buy points to develop and be noted.

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	$80.07	-0.14 -0.17%	$80.30	19,686 50.48% of 50 DAV 50 DAV is 39,000	$82.29 -2.70%	6/2/2011	$76.10	PP = $82.39
								MB = $86.51
Most Recent Note - 6/20/2011 1:34:45 PM Y - High-ranked leader in the Finance - Consumer Loans industry is consolidating above its 50 DMA line. It faces little resistance due to overhead supply while now perched -4.2% off its 52-week high. Its color code was changed back to yellow after its recent resilience. Disciplined investors may watch for gains above its recent highs and wait for a follow-through day to confirm a new rally. Meanwhile, recent lows near $75 define important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2011. 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
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$290.78	+6.32 2.22%	$291.55	1,016,308 98.07% of 50 DAV 50 DAV is 1,036,300	$295.99 -1.76%	4/1/2011	$274.00	PP = $275.10
								MB = $288.86
Most Recent Note - 6/23/2011 4:59:28 PM G - Managed a positive reversal today after a small gap down. Closed -1.8% of its all-time high, but it has not formed a sound new base pattern. An upward trendline connecting its July 2010 and May 2011 lows defines an initial technical support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2011. 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	$31.87	+0.70 2.25%	$31.87	458,164 137.26% of 50 DAV 50 DAV is 333,800	$33.31 -4.32%	6/13/2011	$31.18	PP = $33.41
								MB = $35.08
Most Recent Note - 6/23/2011 5:02:30 PM Y - Managed a positive reversal today after a small gap down, finishing at the session high and only -4.3% from its all-time high. Finding support near its 50 DMA line, and its recent lows also help define important near-term chart support in the $29 area. >>> The latest Featured Stock Update with an annotated graph appeared on 6/13/2011. 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
FCFS - NASDAQ First Cash Financial Svs SPECIALTY RETAIL - Specialty Retail, Other	$39.02	+0.06 0.15%	$39.30	247,651 132.36% of 50 DAV 50 DAV is 187,100	$42.36 -7.88%	5/31/2011	$42.00	PP = $40.23
								MB = $42.24
Most Recent Note - 6/22/2011 6:46:46 PM G - Lost ground today on lighter than average volume. Its 50 DMA line and prior lows in the $37 area define 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 6/22/2011. 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
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$114.77	+2.34 2.08%	$115.00	851,227 114.49% of 50 DAV 50 DAV is 743,500	$114.80 -0.03%	2/1/2011	$73.30	PP = $74.44
								MB = $78.16
Most Recent Note - 6/23/2011 5:06:21 PM G - Hit another new all-time high after a positive reversal today. Inching higher after 5 weeks of trading in a very tight range forming a "late-stage" base. Recent lows near $99 define important support to watch just below its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2011. 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
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
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$45.92	-0.24 -0.52%	$46.20	1,048,917 120.25% of 50 DAV 50 DAV is 872,300	$47.78 -3.89%	6/16/2011	$42.44	PP = $45.21
								MB = $47.47
Most Recent Note - 6/22/2011 12:48:06 PM Y - Gapped up today, rising to a new all-time high near its "max buy" level. Finished strong on the prior session following a gap up gain, rising above its new pivot point previously noted for a 4th consecutive gain backed by +91% above average volume, technically triggering a new (or add-on) buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2011. 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
INFA - NASDAQ Informatica Corp COMPUTER SOFTWARE and SERVICES - Business Software and Services	$57.41	+0.97 1.72%	$57.58	958,471 74.65% of 50 DAV 50 DAV is 1,284,000	$59.98 -4.28%	3/24/2011	$50.04	PP = $49.86
								MB = $52.35
Most Recent Note - 6/23/2011 4:55:46 PM G - Managed a positive reversal today after a small gap down. Recently found support near its 50 DMA line. This high-ranked Computer Software - Database firm has not formed a sound new base pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 6/17/2011. 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$106.70	+5.33 5.26%	$106.75	3,168,144 157.38% of 50 DAV 50 DAV is 2,013,000	$104.92 1.70%	6/21/2011	$102.95	PP = $101.14
								MB = $106.20
Most Recent Note - 6/23/2011 12:30:36 PM Y - Holding its ground, poised for a best-ever close today. Hit new 52-week and all-time highs as it was featured again in the 6/21/11 mid-day report highlighted in yellow with new pivot point cited based on a "double bottom" base formed over the past 9 weeks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2011. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$81.60	+1.35 1.68%	$81.85	35,444 42.00% of 50 DAV 50 DAV is 84,400	$86.99 -6.20%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 6/22/2011 5:48:53 PM G - It may be forming a new base, however gains have lacked volume conviction following its 50 DMA line violation, and that short-term average is now acting as a resistance level. A gain above it is needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 6/9/2011. 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	$38.94	+0.66 1.72%	$39.00	53,465 44.52% of 50 DAV 50 DAV is 120,100	$42.51 -8.40%	5/11/2011	$41.21	PP = $40.50
								MB = $42.53
Most Recent Note - 6/21/2011 2:37:11 PM G - Today's gain without great volume conviction has it rising back above its 50 DMA line which recently has acted as resistance. Subsequent deterioration under its earlier chart low ($35.13 on 4/12/11) would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2011. 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
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
OTEX - NASDAQ Open Text Corp INTERNET - Internet Software and Services	$61.35	+0.28 0.46%	$61.63	261,614 82.45% of 50 DAV 50 DAV is 317,300	$67.08 -8.54%	6/1/2011	$65.86	PP = $67.18
								MB = $70.54
Most Recent Note - 6/21/2011 2:39:36 PM G - Technically, today's gain has it rallying back near its 50 DMA line which may now act as resistance. It faces overhead supply up through $66 after trading at higher levels in recent months. >>> 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
SWI - NYSE Solarwinds Inc COMPUTER SOFTWARE and SERVICES - Application Software	$25.34	-0.32 -1.25%	$25.36	1,064,250 143.97% of 50 DAV 50 DAV is 739,200	$26.68 -5.02%	6/7/2011	$24.22	PP = $25.05
								MB = $26.30
Most Recent Note - 6/22/2011 1:16:09 PM Y - Consolidating above its pivot point today following a volume-driven gain on the prior session. Following its recent breakout there was a worrisome negative reversal on 6/15/11 with volume 4 times average after hitting a new 52-week high. Prior resistance in the $24-25 area acted as a support level. >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2011. 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$62.58	+1.09 1.77%	$62.83	913,076 123.42% of 50 DAV 50 DAV is 739,800	$62.69 -0.18%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 6/21/2011 12:59:09 PM G - Gain today for a new all-time high, getting more extended from any sound base pattern. It may produce more climactic gains, but disciplined investors avoid chasing extended stocks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/20/2011. 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
ZAGG - NASDAQ Zagg Inc SPECIALTY RETAIL - Specialty Retail, Other	$15.02	+0.08 0.56%	$15.85	5,551,900 403.39% of 50 DAV 50 DAV is 1,376,300	$15.30 -1.83%	6/1/2011	$10.92	PP = $10.59
								MB = $11.12
Most Recent Note - 6/23/2011 12:45:47 PM G - Hit yet another new all-time high today, overcoming a gap down for an early loss. Considerable volume-driven gains came after news it bought privately held mobile device accessories company iFrogz Inc for about $105 million. It is extended from a sound base, and prior highs define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/23/2011. 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