The major averages posted gains on Wednesday with mixed volume totals again. Volume was reported lighter than the prior session total on the NYSE and slightly higher that the prior session total on the Nasdaq exchange. Breadth was positive as advancers led decliners by better than a 3-1 ratio on the NYSE and by better than a 2-1 ratio on the Nasdaq exchange. The total number of new 52-week highs trumped new 52-week lows again on both the Nasdaq exchange and on the NYSE, a favorable improvement. There were 38 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up nicely from the prior session total of 23 stocks. At the session's close there was a gain for 11 of the 20 high-ranked companies currently included on the Featured Stocks Page.

Stocks rallied in early trading as positive U.S. economic readings muted ongoing concerns over Europe. Durable goods orders and pending home sales for May both rose more than expected.

All 10 sectors on the S&P finished higher, led by gains in energy stocks as crude oil rallied $1.08 to $80.44 per barrel. Shares of Chevron Corp (CVX +1.60%) and Exxon Mobil Corp (XOM +0.97%) advanced. Home builders also rallied in the session after Lennar posted a better-than-expected earnings report. Lennar Corp (LEN +4.78%) and D.R. Horton Inc (DHI +2.31%) rose. In other news, Arena Pharmaceuticals Inc (ARNA +28.70%) jumped after the FDA approved their anti-obesity drug. Also in the space, Bristol-Myers Squibb Company (BMY +1.67%) rose after the company's board of directors approved a $3 billion extension in their share repurchase program.

Turning to fixed income markets, Treasuries were modestly higher along the curve. The 10-year note was up 1 tick to yield 1.63% and the 30-year bond was up 1/32 to yield 2.70%.

The major averages' (M criteria) latest rally was recently confirmed with follow-through gains, but it has already encountered distributional pressure and faltered. The newspaper's analysts changed their stance from "Confirmed uptrend" to "Uptrend under pressure", and then returned to warning investors of a "Market in correction" again after Monday's losses. Even though the market tallied gains on Tuesday and Wednesday we are noting this change in stance today concerning the M criteria. Along with it comes a suggestion that investors should currently have a bias toward raising cash and selling any stocks showing signs of weakness.  New buying efforts shall again be discouraged under the fact-based system until the market produces another convincing follow-through day of volume-backed big gains.  As always, disciplined investors limit losses if any stock ever falls more than -7% from its purchase price. 

The Q2 2012 Webcast is TONIGHT, Wednesday, June 27th at 8PM EST and will be available "ON DEMAND" afterward.  All who have the UPGRADED membership now get access to these informative *Quarterly Webcasts included at no additional cost. (*Previously sold separately at $99 per webcast.)  Links to archived webcasts and all prior reports are on the Premium Member Homepage. 

PICTURED: The S&P 500 Index endured damaging losses following a short-lived rally above its 50-day moving average line. The 2 latest gains were backed by below average volume.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +2.91%) is rebounding from its 2012 low with a 2nd consecutive gain.

Often, when a leading stock is setting up to breakout of a solid base it is highlighted in CANSLIM.net's Mid-Day Breakouts Report. The most relevant factors are noted in the report which alerts prudent CANSLIM oriented investors to place the issue in their watch list. After doing any necessary backup research, the investor is prepared to act after the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover) but before it gets too extended from a sound base. In the event the stock fails to trigger a technical buy signal and its price declines then it will simply be removed from the watch list. Disciplined investors know to buy as near as possible to the pivot point and avoid chasing stocks after they have rallied more than +5% above their pivot point. It is crucial to always limit losses whenever any stock heads the wrong direction, and disciplined investors sell if a struggling stock ever falls more than -7% from their purchase price.

Nationstar Mtg Hldgs Inc (NSM  +$1.33 or +6.95% to $20.46) touched a new 52-week high today after completing an advanced "3-weeks tight" base since last noted in the 6/20/12 mid-day report. The 3 consecutive weekly closes with minimal net change defines that type of advanced base pattern. In the mid-day report today (read here) it was highlighted in yellow with a pivot point cited based on its 6/05/12 high plus 10 cents. It posted a gain with +129% above average volume and finished right at the pivot point triggering a technical buy signal. It has earned high ranks, however prior mid-day reports noted - "Up from its $14 IPO on 3/08/12. Limited history is a concern."  It has attracted ownership interest from 46 top-rated funds, a reassuring sign concerning the I criteria. Keep in mind overriding concerns regarding the M criteria and note that 3 out of 4 stocks tend to move in the direction of the major averages. The recently confirmed rally has faltered (read the full Market Commentary this evening) and caution is advised until another convincing follow-through day from at least one of the major averages hints at heavier accumulation of stocks from the institutional crowd.

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
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$99.46	+2.08 2.14%	$99.70	1,153,996 53.28% of 50 DAV 50 DAV is 2,166,000	$99.41 0.05%	5/1/2012	$91.73	PP = $95.11
								MB = $99.87
Most Recent Note - 6/27/2012 5:56:49 PM Y - Posted a gain today with light volume for a new high and best-ever close. It remains consolidating above its pivot point but below its "max buy" level following its 6/19/12 technical breakout with volume. >>> The latest Featured Stock Update with an annotated graph appeared on 5/31/2012. 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
ASPS - NASDAQ Altisource Ptf Sltns Sa REAL ESTATE - Property Management/Developmen	$72.36	+0.66 0.92%	$72.55	149,266 107.77% of 50 DAV 50 DAV is 138,500	$72.61 -0.34%	6/5/2012	$60.01	PP = $63.00
								MB = $66.15
Most Recent Note - 6/26/2012 1:21:42 PM G - Holding its ground in a tight range near its 52-week high since last noted on 6/19/12 - "Prior highs in the $65 area define initial support to watch on pullbacks, meanwhile it is getting extended from its prior base." >>> The latest Featured Stock Update with an annotated graph appeared on 6/5/2012. 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
CERN - NASDAQ Cerner Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$77.66	-0.32 -0.41%	$78.80	1,119,577 75.16% of 50 DAV 50 DAV is 1,489,500	$88.32 -12.07%	6/7/2012	$78.36	PP = $84.20
								MB = $88.41
Most Recent Note - 6/25/2012 1:12:54 PM G - Sinking under its 50 DMA line today raising concern and its color code is changed to green. Above average volume behind 2 consecutive losses negated its recent breakout. Disciplined investors always limit losses if ever a stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$31.04	+0.47 1.52%	$31.30	14,016,074 99.61% of 50 DAV 50 DAV is 14,071,600	$31.65 -1.93%	6/11/2012	$29.94	PP = $30.98
								MB = $32.53
Most Recent Note - 6/27/2012 5:48:32 PM Y - Posted a gain today on average volume, rising near its 52-week high. Held its ground after its gain on 6/15/12 with +55% above average volume while rising above the new pivot point recently cited triggered a technical buy signal. Recent low $30.17 on 6/26/12) defines support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2012. 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
CSTR - NASDAQ Coinstar Inc DIVERSIFIED SERVICES - Personal Services	$67.43	+1.90 2.90%	$67.70	1,272,052 118.12% of 50 DAV 50 DAV is 1,076,900	$69.74 -3.31%	6/26/2012	$64.05	PP = $67.00
								MB = $70.35
Most Recent Note - 6/27/2012 12:21:36 PM Y - Rallying for a 2nd consecutive gain with volume running at an above average pace. It was highlighted in yellow in the 6/26/12 mid-day report with pivot point based on its 6/19/12 high after a cup-with handle base. Disciplined investors watch for a solid volume-driven gain to first confirm a breakout before taking action. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/26/2012. 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
DG - NYSE Dollar General Corp RETAIL - Discount, Variety Stores	$54.02	-0.93 -1.69%	$55.30	4,863,349 132.52% of 50 DAV 50 DAV is 3,669,800	$55.18 -2.10%	5/7/2012	$48.51	PP = $47.69
								MB = $50.07
Most Recent Note - 6/26/2012 5:05:45 PM G - Hit another new all-time high with a volume-driven gain today, getting more extended from prior highs. Completed another Secondary Offering on 6/05/12, its 4th Secondary Offering since September '11. >>> The latest Featured Stock Update with an annotated graph appeared on 6/12/2012. 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
ECHO - NASDAQ Echo Global Logistics DIVERSIFIED SERVICES - Business/Management Services	$18.58	-0.04 -0.21%	$18.81	95,090 93.96% of 50 DAV 50 DAV is 101,200	$19.38 -4.13%	6/22/2012	$18.98	PP = $19.48
								MB = $20.45
Most Recent Note - 6/26/2012 12:34:28 PM Y - Faces little resistance due to overhead supply while perched within close striking distance of its 52-week high today, consolidating after volume-driven gains. In the 6/18/12 report it was highlighted in yellow with a new pivot point cited based on its 2/16/12 high plus 10 cents. Disciplined investors may watch for a volume-driven gain above its pivot point to trigger a technical buy signal before action is justified under the fact-based system. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2012. 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
EXPE - NASDAQ Expedia Inc INTERNET - Internet Information Providers	$46.61	+0.21 0.45%	$47.44	2,287,289 48.43% of 50 DAV 50 DAV is 4,722,500	$50.66 -7.99%	4/27/2012	$41.80	PP = $35.57
								MB = $37.35
Most Recent Note - 6/25/2012 1:15:07 PM G - Pulling back -8.4% from its 52-week high today. It is extended from its prior highs in the $43 area and its 50 DMA line which define support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2012. 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
GNC - NYSE G N C Holdings Inc RETAIL - Drug Stores	$37.64	+0.55 1.48%	$38.79	3,308,057 141.35% of 50 DAV 50 DAV is 2,340,400	$41.95 -10.27%	1/19/2012	$28.99	PP = $29.60
								MB = $31.08
Most Recent Note - 6/27/2012 5:49:52 PM G - Posted another gain today with above average volume, however its 50 DMA has been acting as a resistance level. Gains above that short-term average would help its technical stance and improve the outlook. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2012. 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
MLNX - NASDAQ Mellanox Technologies ELECTRONICS - Semiconductor - Broad Line	$68.47	+0.26 0.38%	$68.91	456,473 64.00% of 50 DAV 50 DAV is 713,200	$74.27 -7.81%	6/18/2012	$70.90	PP = $67.30
								MB = $70.67
Most Recent Note - 6/25/2012 5:38:01 PM Y - Finished the session in the upper third of its intra-day range and above its pivot point, but it was its 3rd loss with above average volume in the span of 4 sessions. Prior highs define chart support to watch. Disciplined investors limit losses if ever a stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 6/25/2012. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$53.66	+1.27 2.42%	$54.27	748,483 142.54% of 50 DAV 50 DAV is 525,100	$52.82 1.59%	6/20/2012	$51.83	PP = $51.88
								MB = $54.47
Most Recent Note - 6/27/2012 12:33:27 PM Y - Hitting a new 52-week high today, rallying with no resistance remaining due to overhead supply. It broke out and finished last week back above the pivot point cited based on its 3/27/12 high plus 10 cents. >>> The latest Featured Stock Update with an annotated graph appeared on 6/20/2012. 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	$20.46	+1.33 6.95%	$20.56	1,560,662 229.75% of 50 DAV 50 DAV is 679,300	$20.36 0.49%	6/27/2012	$20.29	PP = $20.46
								MB = $21.48
Most Recent Note - 6/27/2012 12:47:17 PM Y - Touched a new 52-week high today after completing an advanced "3-weeks tight" base since last noted in the 6/20/12 mid-day report. Color code is changed to yellow with pivot point cited based on its 6/05/12 high plus 10 cents. A volume-driven gain and strong close above the pivot point may trigger a technical buy signal. It has earned high ranks, however prior mid-day reports noted - "Up from its $14 IPO on 3/08/12. Limited history is a concern." >>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2012. 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
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$59.14	-0.56 -0.94%	$61.41	563,245 75.76% of 50 DAV 50 DAV is 743,500	$65.54 -9.77%	3/19/2012	$56.18	PP = $55.10
								MB = $57.86
Most Recent Note - 6/26/2012 1:15:53 PM G - Rebounding toward its 50 DMA line today after a damaging violation on the prior session triggered a technical sell signal. Gains above its 50 DMA line are needed for its technical stance and outlook to be considered favorable again. Found support near prior lows in the $55 area. >>> The latest Featured Stock Update with an annotated graph appeared on 6/19/2012. 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	$43.87	-0.11 -0.25%	$44.29	488,781 45.45% of 50 DAV 50 DAV is 1,075,500	$48.64 -9.81%	4/26/2012	$45.15	PP = $42.32
								MB = $44.44
Most Recent Note - 6/25/2012 1:04:29 PM G - Today's loss has it slumping under its 50 DMA line raising concerns, and its color code is changed to green. The 6/04/11 low ($41.24) defines important support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2012. 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
SXCI - NASDAQ S X C Health Solutions COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$95.71	+0.83 0.87%	$97.38	559,825 41.20% of 50 DAV 50 DAV is 1,358,800	$103.97 -7.94%	6/14/2012	$94.71	PP = $100.60
								MB = $105.63
Most Recent Note - 6/26/2012 5:07:17 PM Y - Posted a gain today with light volume, still trading just above its 50 DMA line which defines important support. There was a "negative reversal" on 6/19/12 after hitting a new 52-week high, failing to close the session above its pivot point to clinch a convincing technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2012. 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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$128.00	+0.55 0.43%	$128.16	478,681 86.70% of 50 DAV 50 DAV is 552,100	$132.69 -3.53%	6/18/2012	$127.00	PP = $132.79
								MB = $139.43
Most Recent Note - 6/25/2012 1:08:40 PM Y - Today's 3rd consecutive loss has it pulling back near its 50 DMA line. It is still perched within -5.7% of its all-time high. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Its prior low ($118.43 on 5/18/12) defines the next important near-term chart support level to watch below its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/18/2012. 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
TNGO - NASDAQ Tangoe Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$21.33	-1.23 -5.45%	$22.32	898,300 163.18% of 50 DAV 50 DAV is 550,500	$23.05 -7.46%	6/27/2012	$21.70	PP = $23.15
								MB = $24.31
Most Recent Note - 6/27/2012 1:10:32 PM Y - Color code is changed to yellow with new pivot point cited based on its 5/09/12 high plus 10 cents. Little resistance remains due to overhead supply and a volume-driven gain above its pivot point may trigger a new technical buy signal. Based on poor technical action when last noted on 6/01/12 it was dropped from the Featured Stocks list. However, it subsequently rebounded above its 50 DMA line and showed resilience near that important short-term average in recent weeks. >>> The latest Featured Stock Update with an annotated graph appeared on 5/25/2012. 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$93.23	-3.36 -3.48%	$96.90	1,376,755 130.87% of 50 DAV 50 DAV is 1,052,000	$107.86 -13.56%	2/15/2012	$85.77	PP = $84.86
								MB = $89.10
Most Recent Note - 6/27/2012 4:40:28 PM Slumped further below its 50 DMA line with higher volume behind its loss today while slumping toward prior lows in the $88 area which define the next chart support level. It will be dropped from the Featured Stocks list today due to weak action and a dissapointing earnings report for March '12. >>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2012. 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
VSI - NYSE Vitamin Shoppe Inc SPECIALTY RETAIL - Specialty Retail, Other	$52.70	-0.71 -1.33%	$53.89	437,167 86.88% of 50 DAV 50 DAV is 503,200	$55.29 -4.68%	4/25/2012	$47.77	PP = $48.46
								MB = $50.88
Most Recent Note - 6/27/2012 5:52:09 PM Y - Pulled back today for its 3rd consecutive small loss with below average volume. One may consider a secondary buy point from its successful test of the 10 week average up to +5% above the recent high. Disciplined investors always limit losses by selling if a stock falls more than -7% from their buy price. >>> The latest Featured Stock Update with an annotated graph appeared on 6/4/2012. 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
WFM - NASDAQ Whole Foods Market Inc RETAIL - Grocery Stores	$94.99	-1.78 -1.84%	$97.06	1,786,467 90.78% of 50 DAV 50 DAV is 1,967,800	$97.25 -2.32%	6/13/2012	$89.90	PP = $91.60
								MB = $96.18
Most Recent Note - 6/27/2012 5:53:58 PM Y - Hovering near its 52-week high, pulling back today on below average volume. Color code is changed to yellow after quietly dipping below its "max buy" level. No resistance remains due to overhead supply. Its 50 DMA line and prior lows define important near-term support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/13/2012. 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