Stocks broke a two-day rally as investors turned defensive ahead of the conclusion of the FOMC meeting on Wednesday and the ECB's rate decision on Thursday. Hopes of ECB action helped Italy's borrowing costs fall below 6% for the first time since April. Weak economic data added to the downside as the Dallas Fed manufacturing index dropped in June to its lowest level in almost a year, sinking to a negative 13.2, suggesting slightly slower output growth. However, a meeting between U.S. Treasury Secretary Geithner and Germany's Finance Minister helped ease some concerns as the leaders expressed confidence that the euro zone can overcome its ongoing sovereign debt issues.

Among sectors, telecoms led gainers while financials lagged behind. AT&T Inc (T +0.78%) rose after announcing a stock repurchase program and JP Morgan Chase & Co (JPM -2.03%) fell after an analyst downgrade. Among other news, Apple Inc (AAPL +1.69%) bounced back from last week's decline amid reports that it may unveil new products at an event in September.

Second-quarter earnings reports will also garner attention this week. Anadarko Petroleum Corp (APC +0.48%) and Seagate Technology Plc (STX +1.40%) reported earnings after Monday's close.

In bondland, Treasuries were higher with the 10-year note up 14/32 to yield 1.50% and the 30-year bond gained a full point to yield 2.57%.

In terms of the M criteria, last week's gains brought technical improvements to the major indices' trend coupled with an expansion in leadership (stocks hitting new 52-week highs).  Any sustainable rally requires a healthy crop of strong leaders hitting new 52-week highs.

Earnings season has led numerous stocks to experience greater than usual daily volume and greater price volatility which can surprise and frustrate investors. ALWAYS do your best to limit losses by first making only disciplined entries, then quickly limiting losses if any stock ever falls more than -7% from the purchase price. 

In August we will begin providing all currently upgraded members access to new monthly webcasts!  A new "Market's Leading Groups" archives tab will also soon be added on the Premium Member Homepage. These changes are aimed at satisfying member requests and improving the service.  If you have questions, comments or suggestions please let us know via the inquiry form here.  The most recent WEBCAST (Q2 2012) is available "ON DEMAND" - CLICK HERE. 

PICTURED: The tech-heavy Nasdaq Composite Index ended Monday's session with a small loss on lighter volume.  Last week it rallied from support at its longer-term 200-day moving average (DMA) line with volume-driven gains.

The tech sector's weakness led to losses for the Biotechnology Index ($BTK -1.74%), Semiconductor Index ($SOX -0.94%), and the Networking Index ($NWX -0.44%). Losses from the Bank Index ($BKX -0.82%) and Broker/Dealer Index ($XBD -0.63%) also weighed on the major averages. The Retail Index ($RLX -0.15%) did a better job of holding its ground, but the Healthcare Index ($HMO -0.47%) also edged lower.  The Oil Services Index ($OSX -1.62%) suffered a loss while the Integrated Oil Index ($XOI +0.32%) eked out a small gain, and the Gold & Silver Index ($XAU +1.33%) was a standout gainer on Monday's mostly negative session.

Charts courtesy www.stockcharts.com

PICTURED: The Internet Index ($IIX -0.81%) pulled back on Monday. It rallied above its 50-day and 200-day moving average (DMA) lines last week.

Solarwinds Inc (SWI -$0.03 or -0.06% to $53.41) paused today near its all-time high after 3 consecutive volume-driven gains. No overhead supply remains to act as resistance. It quickly rallied beyond its "max buy" level with above average volume behind last week's gains after reporting earnings +50% on +40% sales revenues for the quarter ended June 30, 2012 versus the year ago period. In 3 of the 4 most current quarterly comparisons its earnings increases were above the +25% guideline meeting the C criteria of the fact-based system. It has a good annual earnings (A criteria) history. The number of top-rated funds owning its shares rose from 346 in Jun '11 to 455 in Jun '12, a reassuring sign concerning the I criteria of the fact-based investment system.

It gapped up and spiked to a new 52-week high on 7/25/12 with a considerable gain backed by 4 times average volume rallying from a "double bottom" base pattern. It was rallying above its 50-day moving average line and on the rise when highlighted in yellow in that day's mid-day report (read here) with new pivot point cited based on its 6/19/12 high. Its last appearance in this FSU section was on 6/15/12 with an annotated graph under the headline, "Secondary Buy Point After Finding Support". However, subsequent damaging violations of its 50-day moving average line and deterioration below the 6/04/11 low ($41.24) had triggered more worrisome technical sell signals. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Risk management is crucial to investors' success, meanwhile a stock that is sold can always be bought back again if strength returns.

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	$104.59	-4.38 -4.02%	$109.90	2,138,926 91.99% of 50 DAV 50 DAV is 2,325,200	$109.96 -4.88%	5/1/2012	$91.73	PP = $95.11
								MB = $99.87
Most Recent Note - 7/30/2012 3:58:47 PM G - Down today with below average volume, pulling back near prior highs. Reported earnings +62% on +48% sales revenues for the quarter ended June 30, 2012 versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 7/25/2012. 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
ASPS - NASDAQ Altisource Ptf Sltns Sa REAL ESTATE - Property Management/Developmen	$77.49	+3.56 4.82%	$79.20	265,165 201.80% of 50 DAV 50 DAV is 131,400	$76.40 1.43%	6/5/2012	$60.01	PP = $63.00
								MB = $66.15
Most Recent Note - 7/30/2012 11:56:10 AM G - Hitting a new 52-week high today following a brief consolidation, getting more extended from its prior base. Recent low and its 50 DMA line define near-term support to watch. Reported earnings +117% on +55% sales revenues for the quarter ended June 30, 2012 versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 7/3/2012. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$12.76	-0.21 -1.62%	$13.04	22,525 27.91% of 50 DAV 50 DAV is 80,700	$13.21 -3.41%	7/20/2012	$12.85	PP = $12.41
								MB = $13.03
Most Recent Note - 7/26/2012 5:05:24 PM Y - Today was its best volume-driven gain above its pivot point thus far. It encountered distributional pressure after featured in the 7/20/12 mid-day report. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$32.21	-0.08 -0.23%	$32.56	9,696,272 71.95% of 50 DAV 50 DAV is 13,475,700	$32.78 -1.74%	6/11/2012	$29.94	PP = $30.98
								MB = $32.53
Most Recent Note - 7/25/2012 5:55:05 PM Y - Volume totals have been quiet or average while recently holding its ground above its pivot point. No overhead supply remains to act as resistance and it is still trading below its "max buy" level. >>> The latest Featured Stock Update with an annotated graph appeared on 7/11/2012. 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
DG - NYSE Dollar General Corp RETAIL - Discount, Variety Stores	$50.95	-0.04 -0.08%	$51.64	3,375,873 83.96% of 50 DAV 50 DAV is 4,020,800	$56.04 -9.08%	7/16/2012	$54.68	PP = $56.14
								MB = $58.95
Most Recent Note - 7/25/2012 5:57:33 PM Y - Gapped down today for as loss but rebounded to finish near the session high and closed just above its 50 DMA line after encountering distributional pressure. It did not register volume-driven gains above its new pivot point to trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/12/2012. 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
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
EXPE - NASDAQ Expedia Inc INTERNET - Internet Information Providers	$56.12	+1.22 2.22%	$56.68	5,272,213 131.55% of 50 DAV 50 DAV is 4,007,800	$58.40 -3.90%	4/27/2012	$41.80	PP = $35.57
								MB = $37.35
Most Recent Note - 7/30/2012 12:15:13 PM G - Holding its ground today following a considerable gap up gain on 7/27/12 for a new 52-week high from below its 50 DMA line. Reported earnings +24% on +14% sales revenues for the quarter ending June 30, 2012 versus the year ago period, just below the +25% minimum earnings guideline for buy candidates. >>> The latest Featured Stock Update with an annotated graph appeared on 7/10/2012. 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	$39.27	+1.06 2.77%	$39.31	2,404,322 96.09% of 50 DAV 50 DAV is 2,502,100	$42.70 -8.03%	6/29/2012	$39.20	PP = $40.00
								MB = $42.00
Most Recent Note - 7/30/2012 4:01:34 PM Y - Color code is changed to yellow again while trading up above its 50 DMA line today. Reported earnings +59% on +19% sales revenues for the quarter ended June 30, 2012 versus the year ago period, beating expectations, and it also raised guidance for FY '12. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 7/5/2012. 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
GPX - NYSE G P Strategies Corp DIVERSIFIED SERVICES - Education and Training Services	$17.46	-0.34 -1.91%	$18.00	30,799 56.31% of 50 DAV 50 DAV is 54,700	$18.99 -8.06%	6/29/2012	$18.01	PP = $18.15
								MB = $19.06
Most Recent Note - 7/26/2012 3:50:30 PM Y - Volume totals have been cooling while consolidating above its 50 DMA line. Recent losses completely negated the prior breakout and raised concerns. Disciplined investors always limit losses by selling any stock if it falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2012. 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
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$34.43	+0.08 0.23%	$35.51	968,706 98.00% of 50 DAV 50 DAV is 988,500	$35.98 -4.31%	7/27/2012	$33.91	PP = $34.83
								MB = $36.57
Most Recent Note - 7/27/2012 5:13:32 PM Y - Reported earnings +35% on +34% sales revenues for the quarter ended June 30, 2012 versus the year ago period. It was highlighted in yellow with new pivot point based on its 7/10/12 high in the mid day report (read here). No resistance remains due to overhead supply. It tried to rally from a 6-month cup-with-handle base pattern but finished below its pivot point today while posting a considerable gain with more than 2 times average volume. Subsequent volume-driven gains above its pivot may trigger a technical buy signal. It went through a deep consolidation below its 200 DMA line then rebounded impressively since dropped from the Featured Stocks list on 3/02/12. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2012. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$56.22	-0.73 -1.28%	$57.76	796,199 128.07% of 50 DAV 50 DAV is 621,700	$58.56 -4.00%	6/20/2012	$51.83	PP = $51.88
								MB = $54.47
Most Recent Note - 7/27/2012 12:30:25 PM G - Gapped up and hit a new 52-week high today after finding support at its 50 DMA line. Color code was changed to green after rallying well above its "max buy" level. Reported earnings +200% on +29% sales revenues for the quarter ended June 30, 2012 versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 7/19/2012. 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
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
NSM - NYSE Nationstar Mtg Hldgs Inc FINANCIAL SERVICES - Credit Services	$22.30	+0.40 1.83%	$22.88	559,236 68.80% of 50 DAV 50 DAV is 812,900	$25.11 -11.19%	6/27/2012	$20.29	PP = $20.46
								MB = $21.48
Most Recent Note - 7/27/2012 1:18:45 PM Y - Color code is changed to yellow while pulling back under its "max buy" level today with a 4th consecutive loss since proposing an Offering of $100 million of Senior Notes. Prior highs and its 50 DMA line in the $20 area define important support to watch on pullbacks. >>> 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$30.13	+0.53 1.79%	$31.23	644,957 197.36% of 50 DAV 50 DAV is 326,800	$31.34 -3.86%	7/27/2012	$29.58	PP = $30.60
								MB = $32.13
Most Recent Note - 7/30/2012 12:46:59 PM Y - Pulling back from earlier highs above its pivot point following a gap up gain today. In the 7/27/12 mid-day report it was highlighted again in yellow with new pivot point cited based upon its 7/17/12 high while noted -"Subsequent volume-driven gains above the pivot may trigger a technical buy signal, meanwhile it is ideal for investors to have on their watchlist. Rebounding toward its 52-week high while working on a cup-with-high handle base pattern. Fundamentals remain strong. Rebounded impressively from a deep consolidation below its 50 DMA line. It was dropped from the Featured Stocks list on 5/10/12 due to damaging technical action." >>> The latest Featured Stock Update with an annotated graph appeared on 5/2/2012. 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	$53.41	-0.03 -0.06%	$53.95	1,026,725 92.03% of 50 DAV 50 DAV is 1,115,700	$53.97 -1.04%	7/25/2012	$47.82	PP = $47.89
								MB = $50.28
Most Recent Note - 7/30/2012 6:18:32 PM G - Paused today following 3 consecutive volume-driven gains for new all-time highs. Prior highs in the $48 area define initial 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 7/30/2012. 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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$120.88	-0.75 -0.62%	$121.72	307,164 62.61% of 50 DAV 50 DAV is 490,600	$136.34 -11.34%	6/18/2012	$127.00	PP = $132.79
								MB = $139.43
Most Recent Note - 7/25/2012 5:51:08 PM G - Held its ground today following a damaging loss on 7/24/12 with heavy volume that violated its 50 DMA line triggering a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/18/2012. 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
VSI - NYSE Vitamin Shoppe Inc SPECIALTY RETAIL - Specialty Retail, Other	$57.81	-0.60 -1.03%	$58.55	217,508 59.20% of 50 DAV 50 DAV is 367,400	$58.88 -1.82%	6/29/2012	$54.93	PP = $55.03
								MB = $57.78
Most Recent Note - 7/26/2012 12:50:18 PM Y - Erased most of today's early gain after touching a new high and briefly trading above its "max buy" level. Found support at its 50 DMA line this week, but any damaging violation would raise concerns and trigger a technical sell signal. Recent gains after forming an 8-week cup-with-handle base lacked the volume required to trigger a proper new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/2/2012. 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