Stocks scored a follow-through day (FTD) on the fourth day of their latest rally attempt as volume, a critical component of institutional sponsorship, topped Tuesday's levels while advancers trumped decliners by more than a 3-to-1 ratio on the Nasdaq exchange and by nearly a 6-to-1 ratio on the NYSE. However, there were only 7 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 8 issues that appeared on the prior session. Meanwhile, new 52-week lows outnumbered new 52-week highs on the Nasdaq and on the NYSE. It will be critically important for leadership to expand if the new rally effort will prove to be a sustained market advance. If not, Wednesday's strong move may turn out to be the latest in a string of failed rallies confirmed with follow-through days.

Rovi Corp (ROVI +$1.89 or +4.79% to $41.31) posted a solid gain with volume +67% above average as it cleared its latest pivot point.  The high-ranked Computer Software firm was among a thin field of high-ranked leaders reaching a new 52-week high. It first appeared as a Featured Stock highlighted in yellow in the mid-day report on 2/25/10 at $33.45, and it stayed well above its 200-day moving average (DMA) during its latest consolidation.

Further clarifying the day count as we see it, last Thursday, July 1, all of the major averages marked Day 1 of a new rally attempt. Although they closed that session with losses, strong finishes in the upper part of their intra-day ranges suggested that support was being found which, arguably, satisfied the essence of a new rally attempt. Since then, the Dow Jones Industrial Average and small-cap Russell 2000 index both undercut Thursday's lows which reset the day count for each, however, they both rallied on Tuesday which marked Day 1 for those two indexes. Meanwhile, the tech-heavy Nasdaq Composite and the benchmark S&P 500 Index avoided undercutting Thursday's lows, so Wednesday's session marked Day 4 and opened the window for a new FTD to emerge. Remember that there are three important characteristics that must occur in order for a sound FTD to emerge: One or more of the major averages must rally at least +1.7% (anytime after Day 3 of a new rally attempt), volume on the exchange(s) must be higher than the prior session, and a new batch of high-ranked leaders must hit new 52-week highs and trigger fresh technical buy signals.

The Bank Index ($BKX +5.63%) and Broker/Dealer Index ($XBD +2.37%) provided a great deal of the positive influence underpinning gains for the major averages on Wednesday. The tech sector was led higher by big gains from the Semiconductor Index ($SOX +5.05%), Networking Index ($NWX +4.46%), and Internet Index ($IIX +4.06%) while the Biotechnology Index ($BTK +1.00%) followed with a smaller gain. Energy shares posted gains that helped the Oil Services Index ($OSX +4.59%) and Integrated Oil Index ($XOI +3.61%) spurt higher.  The Retail Index ($RLX +2.44%) tallied a solid gain while defensive areas produced smaller gains as the Healthcare Index ($HMO +1.53%) and Gold & Silver Index ($XAU +2.80%) also were on the rise.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +5.63%) was a standout gainer while Wednesday's session was widely positive. Its considerable gain helped it close just above its 200-day moving average (DMA) line.  However, its worrisome downward trend since April is still marked by a series of lower highs and lower lows.  Subsequent gains above its June high and 50 DMA line would be a very reassuring sign to watch for from this groups that has proven to be a very important leading indicator for the overall market.

F5 Networks Inc. (FFIV +$4.98 or +7.10% to $75.12) posted a considerable gain today with +28% above average volume that helped it rally above its previously cited pivot point for a new high close. Its color code was changed to yellow based on its recent resilience. It is now clear of virtually all resistance due to overhead supply, and the path of least resistance is more likely to lead it even higher. Disciplined investors may watch for a more powerful gain backed by heavier volume as a reassurance confirming a proper technical buy signal. Meanwhile, its recent chart low ($66.79 on 7/01/10) defines a near-term support level to watch.

Its last FSU section appearance on 6/16/10 under the headline "Volume Barely Met Guideline Behind Breakout Gain" provided detailed analysis and an annotated graph after it appeared featured in yellow in that day's mid-day report (read here) with a pivot point based upon its 5/13/10 high plus ten cents. 

The company currently sports a very healthy Earnings Per Share (EPS) rating of 97 and a Relative Strength (RS) rating of 96.  It resides in the Internet- Networking Solutions group which is an Industry Group showing lots of leadership, satisfying the "L" criteria. In recent months FFIV made a number of appearances in the mid-day report as its quarterly sales and earnings results showed impressive acceleration in the Mar '10 and Dec '09 periods, but it was also noted that it had not formed an ideal base pattern and patience was needed. The company has maintained a good annual earnings (A criteria) history. This stock was first featured in the January 2004 edition of CANSLIM.net News (read here) with a $26.85 pivot point. During the past 6 years, FFIV has built several bases, and it has also been through some tough consolidation periods.

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
AAPL - NASDAQ Apple Inc COMPUTER HARDWARE - Personal Computers	$258.67	+10.04 4.04%	$258.77	23,316,043 81.00% of 50 DAV 50 DAV is 28,785,800	$279.01 -7.29%	6/17/2010	$270.95	PP = $272.56
								MB = $286.19
Most Recent Note - 7/7/2010 6:58:41 PM G - Gain with below average volume today helped it rebound above its 50 DMA line. It struggled in a challenging market (M criteria) environment since featured in the 6/17/10 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 6/17/2010. 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
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$105.16	+1.24 1.19%	$105.26	390,784 53.28% of 50 DAV 50 DAV is 733,500	$109.33 -3.81%	6/29/2010	$104.74	PP = $109.33
								MB = $114.80
Most Recent Note - 7/7/2010 7:02:22 PM Y - Brazil-based beverage firm found support near its 50 DMA line last week. Today's gain helped it rebound and close above the price when first featured in yellow in the 6/29/10 mid-day report (read here) with a note while - "perched near all-time highs after building an orderly base pattern and finding impressive support near its 200 DMA line in recent months. It has a great annual earnings (A criteria) history and its recent quarterly earnings and sales revenues increases have shown acceleration. A gain above its pivot point with heavy volume still needed to confirm a proper new technical buy signal." >>> The latest Featured Stock Update with an annotated graph appeared on 6/29/2010. 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
APEI - NASDAQ American Public Educ Inc DIVERSIFIED SERVICES - Education and Training Services	$42.98	+1.68 4.07%	$43.20	267,887 151.78% of 50 DAV 50 DAV is 176,500	$48.95 -12.20%	6/7/2010	$46.60	PP = $46.29
								MB = $48.60
Most Recent Note - 7/7/2010 7:04:49 PM G - Gain today with above average volume helped it rally toward its 50 DMA line, breaking a streak of 7 consecutive losses. >>> The latest Featured Stock Update with an annotated graph appeared on 7/2/2010. 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$72.37	+4.92 7.29%	$72.44	12,801,457 85.11% of 50 DAV 50 DAV is 15,040,600	$82.29 -12.05%	1/13/2010	$43.13	PP = $42.68
								MB = $44.81
Most Recent Note - 7/7/2010 7:07:17 PM G - Considerable gain today with below average volume for a close back above its 50 DMA line (now at $71.32) for the first time since its damaging 6/29/10 gap down. Prior chart lows in the $66 area define important chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/21/2010. 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
CISG - NASDAQ Cninsure Inc Ads INSURANCE - Insurance Brokers	$27.35	+0.57 2.13%	$27.36	131,901 42.49% of 50 DAV 50 DAV is 310,400	$28.62 -4.44%	6/16/2010	$27.20	PP = $27.75
								MB = $29.14
Most Recent Note - 7/7/2010 7:11:44 PM Y - Today marked its 3rd consecutive gain on below average volume as it closed -4.4% off its 52-week high. Color code is changed to yellow based on its recent resilience. Featured in the 6/16/10 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 6/18/2010. 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
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$91.38	+3.27 3.71%	$91.47	2,765,358 96.13% of 50 DAV 50 DAV is 2,876,600	$97.94 -6.70%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 7/7/2010 7:25:12 PM Y - Rising further above its 50 DMA line, today it closed near the session high with its 5th consecutive gain. Color code is changed to yellow based on its recent resilience. An upward trendline connecting its February - May lows now defines an important support level. >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2010. 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
CVLT - NASDAQ Commvault Systems Inc COMPUTER SOFTWARE and SERVICES - Business Software and Services	$22.87	+0.62 2.79%	$23.04	949,812 168.83% of 50 DAV 50 DAV is 562,600	$24.51 -6.69%	7/6/2010	$23.16	PP = $24.45
								MB = $25.67
Most Recent Note - 7/7/2010 7:30:44 PM Y - Posted a solid gain with well above average volume in 3 of the past 4 sessions. Building on the right side of a 6-month flat base within close striking distance of its 52-week high and all-time high, it was featured in the 7/06/10 mid-day report (read here). Color code was changed to yellow with its pivot point based on its 5/18/10 high plus ten cents. Its annual earnings (A criteria) history includes a slight downward turn in FY '09, yet it has an impressive history and recent quarters showed accelerating sales revenues and earnings increases with +25% earnings increases or greater in 3 out of the past 4 comparisons versus the year ago period. On 1/31/07 it was removed from the CANSLIM.net Featured Stocks list. >>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2010. 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
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$46.72	+2.29 5.15%	$46.79	1,337,836 246.92% of 50 DAV 50 DAV is 541,800	$56.17 -16.82%	6/11/2010	$157.34	PP = $158.57
								MB = $166.50
Most Recent Note - 7/7/2010 7:37:01 PM G - Gain today ended a streak of 6 consecutive losses. It remains below its 50 DMA line which may now act as resistance. Do not be confused, as the most recent Featured Price, Pivot Point and Max Buy levels have been adjusted to account for a stock split 3:1 effective as of 7/06/10. >>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2010. 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
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$75.12	+4.98 7.10%	$75.16	2,138,507 127.92% of 50 DAV 50 DAV is 1,671,700	$77.10 -2.57%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 7/7/2010 7:42:43 PM Y - Considerable gain today with +28% above average volume helped it rally above its previously cited pivot point for a new high close. Its color code was changed to yellow based on its recent resilience. Recent chart low ($66.79 on 7/01/10) now defines a near-term support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 7/7/2010. 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
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$55.42	+2.20 4.13%	$55.52	626,553 68.82% of 50 DAV 50 DAV is 910,400	$62.14 -10.81%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 7/7/2010 7:52:51 PM G - Rising on light volume for a second day in a row after finding support near its 50 DMA line. Its recent low ($49.55 on 7/01/10) now defines near-term chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/30/2010. 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
NEM - NYSE Newmont Mining Corp METALS and MINING - Gold	$59.99	+1.37 2.34%	$59.99	8,445,363 83.65% of 50 DAV 50 DAV is 10,095,600	$62.62 -4.20%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 7/7/2010 7:55:32 PM Y - Gain today with below average volume helped it rebound and close above its pivot point, ending a streak of 3 consecutive losses. Featured in a 6/22/10 Stock Bulletin with annotated graph (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2010. 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	$41.31	+1.89 4.79%	$41.50	2,339,221 167.08% of 50 DAV 50 DAV is 1,400,100	$40.06 3.12%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 7/7/2010 8:00:29 PM Y - Hit a new 52-week high today with a solid gain above its pivot point backed by +67% above average volume triggering a new technical buy signal. No overhead supply remains to act as resistance. >>> The latest Featured Stock Update with an annotated graph appeared on 6/28/2010. 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
SUMR - NASDAQ Summer Infant Inc CONSUMER NON-DURABLES - Personal Products	$6.64	+0.03 0.45%	$6.79	55,606 51.16% of 50 DAV 50 DAV is 108,700	$8.42 -21.14%	5/4/2010	$6.85	PP = $7.09
								MB = $7.44
Most Recent Note - 7/7/2010 8:03:47 PM G - Its 50 DMA line has recently acted as resistance. Gains above it and recent chart highs near $7.40 would be an encouraging technical improvement. Meanwhile, prior chart lows in the $6.25 area define important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 6/24/2010. 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
THOR - NASDAQ Thoratec Corp HEALTH SERVICES - Medical Instruments and Supplies	$44.46	+1.10 2.54%	$44.56	561,660 47.27% of 50 DAV 50 DAV is 1,188,100	$47.93 -7.24%	6/3/2010	$44.38	PP = $45.35
								MB = $47.62
Most Recent Note - 7/7/2010 8:05:16 PM Y - Found support near its a 50 DMA line, an important support level. Color code is changed to yellow based on its resilience >>> The latest Featured Stock Update with an annotated graph appeared on 6/23/2010. 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$23.35	+1.14 5.13%	$23.46	787,729 114.26% of 50 DAV 50 DAV is 689,400	$26.75 -12.71%	5/28/2010	$25.58	PP = $25.86
								MB = $27.15
Most Recent Note - 7/7/2010 3:15:41 PM G - Gain today has it rallying back toward its 50 DMA line which may now act as resistance. Its May - June chart lows in the $21 area define the next support level just above its 200 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/25/2010. 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