The Institute for Supply Management’s (ISM) manufacturing index slid to 55.5 in July from 56.2 a month earlier but topped estimates (54.5) and was above the critical boom/bust level of 50. Elsewhere, the Commerce Department said US construction spending unexpectedly grew +0.1% in June which also topped estimates (a decline of -0.5%). It was also encouraging to see the euro rally to a three month high against the greenback which helped lift a slew of dollar denominated assets (mainly, stocks and commodities).

At this point, the Dow Jones Industrial Average, S&P 500, and the NYSE Composite indexes have all traded above resistance at their long term 200-day moving average (DMA) lines and recent chart highs. The tech-heavy Nasdaq Composite and small-cap Russell 2000 index remain slightly below their recent chart highs. However, the fact that all of the major averages are trading above their respective 2-month downward trendlines bodes well for this five week rally. In order for a new leg higher to begin, all the major averages must close and remain above their respective resistance levels. Remember that the window remains open for for high-ranked stocks to be accumulated when they trigger fresh technical buy signals. Trade accordingly.

PICTURED: The NYSE Composite Index rallied above its 200 DMA line and above its June high.

Energy-related shares were standouts on Monday as crude oil in NY traded above $81 for the first time since May and the Integrated Oil Index ($XOI +3.61%) and Oil Services Index ($OSX +4.49%) rallied for big gains. Financial groups had a positive bias as the Broker/Dealer Index ($XBD +2.37%) and Bank Index ($BKX +3.15%) rallied for solid gains, underpinning the indices' ongoing rally. The Healthcare Index ($HMO +2.92%) also rose, and the Biotechnology Index ($BTK +2.20%) led the tech sector higher while the Networking Index ($NWX +1.53%), Semiconductor Index ($SOX +1.76%), and Internet Index ($IIX +1.39%) ended unanimously higher. The Retail Index ($RLX +2.11%) made progress but remains trading below its 50-day and 200-day moving average (DMA) lines.  Meanwhile, the Gold & Silver Index ($XAU +0.28%) was a relative laggard with its small gain for the day.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +4.49%) rallied above its June high with a big gain today.

Credit Acceptance Corp (CACC -$0.12 or -0.21% to $55.86) held its ground today perched at all-time highs after its 7/30/10 gain with more than twice average volume helped it trade above its pivot point and trigger a technical buy signal. Keep in mind that volume and volatility often increase near earnings news and the high-ranked Finance - Consumer/Commercial Loans firm is due to report earnings on Tuesday, August 3rd after the close. New buying efforts may be justifiable under the investment system's strict technical buying discipline as long is not extended more than +5% above its prior chart high or pivot point. Its small supply (S criteria) of only 5.89 million shares in the public float could contribute to greater volatility in the event of any new institutional posturing. Disciplined investors remember to always limit losses if a stock falls -7-8% from their buy point.

It has steadily risen since subsequently finding support above the $38 area cited as a support level to watch, and CACC was featured in the 7/29/10 mid-day report (read here) after quietly reaching new high territory. The pivot point cited was based on its 2/01/10 high plus ten cents. It maintained a great track record of annual and quarterly sales revenues and earnings increases satisfying the C and A criteria of the fact-based investment system's fundamental guidelines. That cannot be said for its peer in the same industry group, Americredit Corp (ACF), which recently bankrupted GM made a bid to acquire the day immediately after President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

Credit Acceptance Corp produced gains of as much as +61.2% since it was first featured in yellow at $33.48 in the 9/29/09 mid-day report (read here). The FSU section appearance on 2/09/10 included an annotated graph under the headline "Damaging Losses Prompted Profit Taking" and it was later dropped from the Featured Stocks list.

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	$261.85	+4.60 1.79%	$262.59	15,233,784 54.73% of 50 DAV 50 DAV is 27,833,000	$279.01 -6.15%	6/17/2010	$270.95	PP = $272.56
								MB = $286.19
Most Recent Note - 7/30/2010 2:52:40 PM Y - Quietly consolidating near its 50 DMA line, it has been 6 weeks since its negative reversal on 6/21/10 at its all-time high. Recent chart low ($239) defines an important support level. >>> 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	$109.25	+0.03 0.03%	$112.60	1,918,339 268.64% of 50 DAV 50 DAV is 714,100	$110.68 -1.29%	6/29/2010	$104.74	PP = $109.33
								MB = $114.80
Most Recent Note - 8/2/2010 12:16:21 PM Y - After gapping up and reaching a new 52-week high it has reversed into the red, which is considered distributional action. This Brazil-based beverage firm is holding its ground while churning a lot of volume today. It found support near its 50 DMA line but did not trigger convincing technical breakout since it was featured in the 6/29/10 mid-day report. >>> 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	$84.60	+3.19 3.92%	$84.98	13,568,125 110.93% of 50 DAV 50 DAV is 12,231,000	$82.29 2.81%	7/14/2010	$75.03	PP = $78.59
								MB = $82.52
Most Recent Note - 8/2/2010 2:52:31 PM Y - Gapped up today and hit a new all-time high while rallying above its "max buy" level, yet the volume total is not especially high behind its gain thus far. Recent gains above prior highs in the $78 area lacked great volume conviction, however no overhead supply remains to act as resistance. >>> 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
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$55.99	+0.01 0.02%	$56.67	86,617 178.96% of 50 DAV 50 DAV is 48,400	$56.00 -0.02%	7/29/2010	$52.04	PP = $54.07
								MB = $56.77
Most Recent Note - 8/2/2010 4:44:28 PM Y - Held its ground today at all-time highs above its pivot point and below its "max buy" level. Its 7/30/10 gain with more than twice average volume helped it trade above its pivot point and trigger a technical buy signal. Due to report earnings on Tuesday, August 3rd after the close. CACC was featured in the 7/29/10 mid-day report (read here) after quietly reaching new high territory. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2010. 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
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$101.91	+2.96 2.99%	$102.49	1,641,247 58.70% of 50 DAV 50 DAV is 2,796,200	$101.49 0.41%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 8/2/2010 3:55:28 PM G - Gapped up today and hit a new 52-week high with light volume behind its gain. It stubbornly held its ground above prior highs near $97 after recently rising from a choppy 7-week base with a gain on 7/23/10 backed by near average 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
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
DTSI - NASDAQ D T S Inc CONSUMER DURABLES - Electronic Equipment	$36.03	+0.31 0.87%	$36.46	146,871 147.76% of 50 DAV 50 DAV is 99,400	$37.50 -3.92%	7/27/2010	$37.00	PP = $36.28
								MB = $38.09
Most Recent Note - 8/2/2010 4:48:07 PM Y - Gain today with higher volume helped it rise and close near its pivot point. Volume totals had been light while consolidating above prior highs in the $35-36 area after its 7/23/10 gain with above average volume triggered a technical buy signal and it was featured in yellow in the 7/27/10 mid-day report (read here). It will report earnings after the close on Monday, August 9th, and Street estimates calling for lower FY '10 earnings have been noted as a concern. >>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2010. 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	$88.60	+0.77 0.88%	$90.25	2,190,938 119.95% of 50 DAV 50 DAV is 1,826,600	$88.34 0.29%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 8/2/2010 4:49:14 PM G - Second consecutive gain today for another new 52-week high. Extended from any sound base after recent volume-driven gains. It could go on to produce more climactic gains, and disciplined investors may watch for a secondary buy point to develop. >>> 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	$60.34	-0.16 -0.26%	$62.28	937,680 97.79% of 50 DAV 50 DAV is 958,900	$65.99 -8.56%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 7/30/2010 5:22:17 PM G - Today marked its 4th consecutive loss, yet it closed in the upper half of its intra-day range. It has slumped back under prior chart highs in the $62 area after clearing a choppy 6-week consolidation with a gap up gain on 7/26/10. >>> The latest Featured Stock Update with an annotated graph appeared on 7/23/2010. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$53.22	+0.56 1.06%	$54.48	107,161 152.22% of 50 DAV 50 DAV is 70,400	$54.35 -2.08%	7/29/2010	$52.05	PP = $52.09
								MB = $54.69
Most Recent Note - 8/2/2010 4:55:28 PM Y - Gapped up for a gain today with above average volume for its second best close ever. Rallied above its pivot point and finished strong after it was featured in the 7/29/10 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2010. 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	$55.60	-0.30 -0.54%	$56.88	6,434,639 72.48% of 50 DAV 50 DAV is 8,878,300	$63.38 -12.28%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 7/30/2010 4:19:13 PM G - Gains on light volume have followed damaging distributional losses including its gap down on 7/27/10. Technically, a rebound above its 50 DMA line would help its outlook improve. >>> 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
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
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$29.70	-0.16 -0.54%	$30.39	98,121 102.96% of 50 DAV 50 DAV is 95,300	$30.25 -1.82%	7/22/2010	$27.19	PP = $27.87
								MB = $29.26
Most Recent Note - 7/30/2010 4:28:23 PM G - Today's gain actually had nearly 2 times average volume as it rallied for a new 52-week high above "max buy" level. It was featured in the 7/22/10 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 7/22/2010. 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
NETL - NASDAQ Netlogic Microsystems ELECTRONICS - Semiconductor - Memory Chips	$29.91	+0.35 1.18%	$30.50	994,734 72.33% of 50 DAV 50 DAV is 1,375,300	$35.00 -14.54%	7/28/2010	$33.44	PP = $35.10
								MB = $36.86
Most Recent Note - 7/30/2010 3:48:23 PM G - It has positively reversed after a gap down today and early trading below its 50 DMA line following a damaging loss on the prior session. Ahead of its latest earnings report it was featured in the 7/28/10 mid-day report in yellow (read here). Gains above resistance in the $35 area would turn its outlook bullish. >>> The latest Featured Stock Update with an annotated graph appeared on 7/28/2010. 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
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$43.45	-1.05 -2.36%	$44.50	1,686,127 129.53% of 50 DAV 50 DAV is 1,301,700	$44.96 -3.36%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 8/2/2010 3:58:27 PM G - Pulled back today following a 7/30/10 gap up gain and new 52-week high with more than 2 times average volume after its latest earnings report. It is extended from a sound base, and support is defined by prior resistance in the $40 area and its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/21/2010. 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
THOR - NASDAQ Thoratec Corp HEALTH SERVICES - Medical Instruments and Supplies	$36.65	-0.13 -0.35%	$37.55	1,890,924 170.02% of 50 DAV 50 DAV is 1,112,200	$47.93 -23.53%	6/3/2010	$44.38	PP = $45.35
								MB = $47.62
Most Recent Note - 8/2/2010 4:58:48 PM G - Small loss today on above average volume. Gapped down on 7/30/10 following its latest earnings news, triggering technical sell signals with a damaging loss on more than 6 times average volume. >>> 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	$25.43	+0.17 0.67%	$25.87	394,057 54.48% of 50 DAV 50 DAV is 723,300	$26.75 -4.93%	5/28/2010	$25.58	PP = $25.86
								MB = $27.15
Most Recent Note - 8/2/2010 4:59:27 PM G - Holding its ground since a gap up for a solid gain with better than average volume on 7/29/10. Prior lows in the $22 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	$26.87	+1.48 5.83%	$26.93	465,303 82.52% of 50 DAV 50 DAV is 563,900	$27.59 -2.61%	7/8/2010	$25.20	PP = $26.58
								MB = $27.91
Most Recent Note - 8/2/2010 5:04:29 PM Y - Gapped up today and closed near the session high with a considerable gain on lighter than average volume. After holding its ground near June highs it quietly rose above the pivot point cited in prior reports. Color code was changed to yellow again based on its resilience. Its 7/19/10 low ($23.78) defines near-term support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2010. 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