The major averages erased earlier losses and ended near their intra-day highs as investors digested the latest round of economic and earnings data. Volume, an important indicator of institutional sponsorship, was higher than Monday's level on both exchanges. There were 18 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, higher from the 7 issues that appeared on the prior session. Advancers led decliners by over a 4-to-1 ratio on the NYSE and by over a 2-to-1 ratio on the Nasdaq exchange. New 52-week highs solidly outnumbered new 52-week lows on the NYSE but trailed on the Nasdaq exchange.  For the rally to have ongoing success it will be critical for a healthy crop of leaders to continue showing up hitting new 52-week highs.

International Business Machines Corp. (IBM -2.50%), Texas Instruments Inc. (TXN -3.05%), Johnson & Johnson (JNJ -1.66%), and Goldman Sachs Inc (GS +2.22%) were among the high profile companies that reported earnings since Monday's close. Initially, stocks opened lower due to a general disappointment with their numbers but the bulls showed up in the second half of the session which was an encouraging sign. A slew of housing stocks rallied after building permits rose last month. However, housing starts, which measure new production, fell in June to their lowest level since October after the government tax incentive expired.  After Tuesday's close, Yahoo Inc. (YHOO +0.66%) and Apple Inc. (AAPL +2.57%) released their latest quarterly results. As always, it will be very interesting to see how the market reacts to the latest earnings reports and guidance. 

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +1.95%) faces resistance at a downward trendline. Its 50-day and 200-day moving average (DMA) lines have nearly converged.

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 allows prudent CANSLIM oriented investors to place the issue in their watch list.  After doing any necessary backup research, the investor is prepared to act if and when the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover). 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.

Comp De Bebidas Adr (ABV +$0.30 or +0.28% to $107.08) is a Brazil-based beverage firm trading in a tight range, quietly perched within close striking distance of its 52-week high. It found support near its 50 DMA line recently and has not yet traded above its pivot point cited when featured in the 6/29/10 mid-day report (read here). That evening an annotated graph showed its cup-with-handle type pattern being formed under the headline "High-Ranked Beverage Firm From Brazil Perched Near High" with notes 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." 

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	$251.89	+6.31 2.57%	$252.86	37,969,230 128.82% of 50 DAV 50 DAV is 29,475,700	$279.01 -9.72%	6/17/2010	$270.95	PP = $272.56
								MB = $286.19
Most Recent Note - 7/20/2010 4:10:37 PM G - Today's gain followed a streak of 3 losses with above average volume in a span of 5 sessions since slumping under its 50 DMA line again. It closed in the upper half of its intra-day range again today after it dipped below the $242-243 area on the prior session. >>> The latest Featured Stock Update with an annotated graph appeared on 7/12/2010. 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	$107.08	+0.30 0.28%	$107.17	522,936 69.36% of 50 DAV 50 DAV is 753,900	$109.33 -2.06%	6/29/2010	$104.74	PP = $109.33
								MB = $114.80
Most Recent Note - 7/20/2010 4:12:42 PM Y - This Brazil-based beverage firm is trading in a tight range, quietly perched within close striking distance of its 52-week high. It found support near its 50 DMA line recently and has not yet traded above its pivot point since featured in the 6/29/10 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 7/20/2010. 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	$74.04	+1.14 1.56%	$74.23	9,702,869 67.86% of 50 DAV 50 DAV is 14,297,700	$82.29 -10.03%	7/14/2010	$75.03	PP = $78.59
								MB = $82.52
Most Recent Note - 7/20/2010 4:15:04 PM Y - Gain today with light volume helped it close above its 50 DMA line near the session high. Disciplined investors avoid the temptation to get in "early" and watch for a proper technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/14/2010. 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
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$93.12	+0.49 0.53%	$93.28	1,626,669 55.01% of 50 DAV 50 DAV is 2,957,000	$97.94 -4.92%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 7/20/2010 4:18:52 PM G - Gapped down today then positively reversed and closed near the session high for a small gain on light volume. >>> The latest Featured Stock Update with an annotated graph appeared on 7/15/2010. 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	$76.79	+0.54 0.71%	$76.97	1,234,832 73.07% of 50 DAV 50 DAV is 1,690,000	$79.21 -3.06%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 7/20/2010 4:21:11 PM Y - Gapped down today and then positively reversed and closed near the session high with a small gain on light volume. Prior highs in the $74-77 area may now serve as chart support levels above its 50 DMA line. >>> 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
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
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$60.00	+0.10 0.17%	$60.19	720,499 74.42% of 50 DAV 50 DAV is 968,200	$62.46 -3.94%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 7/20/2010 4:29:53 PM G - Gains with lighter volume have followed a considerable 7/16/10 loss with above average volume. Recently it was noted as it wedged to new 52-week high territory with quiet volume behind its gains. >>> 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
NEM - NYSE Newmont Mining Corp METALS and MINING - Gold	$58.99	+0.97 1.67%	$59.26	7,597,355 76.37% of 50 DAV 50 DAV is 9,948,500	$63.38 -6.93%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 7/20/2010 4:32:12 PM G - Posted a small gain today with lighter volume, sputtering near its 50 DMA line and prior chart highs that define support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 7/9/2010. 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	$42.49	+0.14 0.33%	$42.60	919,389 63.56% of 50 DAV 50 DAV is 1,446,600	$43.67 -2.70%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 7/19/2010 5:40:40 PM Y - Holding its ground stubbornly, it closed the session -3% off its 52-week high. Support is defined by prior resistance in the $40 area above its 50 DMA line. >>> 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
THOR - NASDAQ Thoratec Corp HEALTH SERVICES - Medical Instruments and Supplies	$42.59	-0.19 -0.44%	$42.64	396,545 39.37% of 50 DAV 50 DAV is 1,007,300	$47.93 -11.14%	6/3/2010	$44.38	PP = $45.35
								MB = $47.62
Most Recent Note - 7/20/2010 4:51:11 PM G - Tallied its 3rd consecutive loss on light volume yet it closed near the session high today. During the slump it violated its 50 DMA line while testing near a prior low ($41.27 on 7/01/10) that defines an important chart support level. >>> The latest Featured Stock Update with an annotated graph appeared on 7/16/2010. 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	$23.15	+0.25 1.09%	$23.24	445,729 63.60% of 50 DAV 50 DAV is 700,800	$26.75 -13.46%	5/28/2010	$25.58	PP = $25.86
								MB = $27.15
Most Recent Note - 7/20/2010 4:52:32 PM G - Holding its ground in a tight trading range with light volume. Its 50 DMA line has acted as resistance recently, meanwhile 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 7/19/2010. 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
VIT - NYSE Vanceinfo Tech Inc Ads COMPUTER SOFTWARE and SERVICES - Business Software and Services	$25.36	+0.64 2.59%	$25.38	441,211 68.12% of 50 DAV 50 DAV is 647,700	$26.90 -5.72%	7/8/2010	$25.20	PP = $26.58
								MB = $27.91
Most Recent Note - 7/20/2010 4:58:34 PM Y - Gapped down and then closed near the session high with a small gain on light volume, making a "positive reversal" today. It did not yet trigger a technical buy signal with respect to the pivot point cited after gapping up on 7/08/10, when it briefly matched its all-time high and appeared in the mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 7/8/2010. 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