Encouraging updates on employment and housing prompted more fears that the Fed may begin culling back its quantitative easing program. Claims for unemployment benefits unexpectedly fell to the lowest level since October 2007 and homebuilder confidence advanced to nearly an eight-year high in August. On the downside, industrial production was unchanged in July while regional manufacturing reports from New York and Philadelphia weakened this month.

Overall, every sector declined. Consumer Staples and Technology gave up the most ground as Wal-Mart Stores Inc (WMT -2.60%) and Cisco Systems Inc (CSCO -7.17%) after both bellwethers delivered disappointing full-year forecasts. Earnings stayed in focus after the close, with profit tallies due out from Dell Inc (DELL -0.11%), Nordstrom Inc (JWN -0.34%) and Applied Materials Corp (AMAT -2.57%).

In the commodity pits, violent unrest in Egypt bolstered concern that Middle East oil supplies may be cut, which helped WTI crude string together its longest stretch of gains since April.

In fixed-income, yields on 10- and 30-year Treasuries jumped to their highest levels since August 2011. The 10-year note was down 16/32 to yield 2.77% and the 30-year bond lost over a full point to yield 3.82%.

Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The Dow Jones Industrial Average posted its second straight triple-digit loss as it fell 225 points to 15,112. The Blue Chip Index violated its 50-day moving average (DMA) with the damaging loss while volume increased, a sign of increasing institutional selling pressure.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -3.10%) gapped down from 2013 highs, obviously impacted by group leader Cisco Systems' big drop.

Valeant Pharmaceuticals International, Inc (VRX -$0.97 or -0.93% to $102.93) is consolidating after rallying into new 52-week high territory with 9 gains in the span of 10 sessions. No resistance remains due to overhead supply. It got extended after "wedging" higher with recent gains lacking great volume conviction while rising from a previously noted cup-with-handle base pattern. Prior highs near $96 define initial support to watch. It reported earnings +33% on +34% sales revenues for the Jun '13 quarter, above the +25% minimum earnings guideline (C criteria), a strong follow-up to sub par Mar '13 results.

Due to fundamental concerns no new pivot point was cited during the recent base. It was last shown in this FSU section on 7/23/13 with an annotated graph under the headline, "Formed New Base But Fundamental Concerns Remain".  Concerns were raised by its Mar '13 earnings report with only a +14% earnings increase, below the +25% minimum guideline (C criteria) for buy candidates. A downturn in FY '07 and '08 earnings (A criteria) has been followed by a strong earnings rebound in recent years.  Return On Equity is currently reported at 37%, well above the 17% minimum guideline of the fact-based system.

The high-ranked Medical - Ethical Drugs firm's shares spiked higher in late May at around the time of M&A news that it would buy Bausch & Lomb for $8.7 billion. That move and other recent acquisitions resulted in stronger earnings in the latest quarterly comparison.

It completed Public Offering on 6/18/13. The upshot of Public Offerings is that when completed the end result is typically an increase in the total number of institutional owners. Institutional owners are often supportive of their existing positions and will even accumulate more shares when they consolidate near classic support levels like the 50-day and 200-day moving average (DMA) lines, if they are still believers in the company. If too many become pessimistic and decide to unload, this is what ends up sending the stocks slicing through support. 

Prior reports noted - "Investors are taught in the Certification to only buy stocks with a combination of both strong fundamentals and strong technical action, however stocks should be sold based on their technical action only. In this example, more bullish action rewarded patient investors still giving it the benefit of the doubt until any technical sell signals start adding up." 

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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$16.02	-0.87 -5.15%	$16.65	934,654 83.68% of 50 DAV 50 DAV is 1,117,000	$19.44 -17.59%	7/15/2013	$17.87	PP = $18.68
								MB = $19.61
Most Recent Note - 8/15/2013 7:14:10 PM G - Slumping further below its 50 DMA line which acted as resistance recently. Subsequent damaging losses below recent lows near $15.50 would raise more serious concerns and trigger more worrisome technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2013. 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
BITA - NYSE Bitauto Hldgs Ltd Ads INTERNET - Internet Information Providers	$14.54	-1.16 -7.39%	$15.30	413,130 237.16% of 50 DAV 50 DAV is 174,200	$18.10 -19.67%	8/7/2013	$12.01	PP = $13.30
								MB = $13.97
Most Recent Note - 8/15/2013 7:15:21 PM G - Gapped down today for a 4th consecutive loss, retreating toward prior highs in the $13 area which define initial support to watch. The 8/07/13 After Market Update included more details and a new annotated graph under the headline "Found Prompt Support After Undercutting 50-Day Average". >>> The latest Featured Stock Update with an annotated graph appeared on 8/7/2013. 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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$133.51	-3.87 -2.82%	$136.04	2,411,787 89.81% of 50 DAV 50 DAV is 2,685,300	$149.92 -10.94%	7/11/2013	$133.25	PP = $131.92
								MB = $138.52
Most Recent Note - 8/13/2013 6:43:38 PM Y - Color code is changed to yellow after retreating below its "max buy" level with a loss today on average volume. Prior highs in the $131 area define initial chart support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/29/2013. 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
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$97.52	-1.91 -1.92%	$99.15	645,946 94.76% of 50 DAV 50 DAV is 681,700	$100.87 -3.32%	5/29/2013	$86.02	PP = $85.66
								MB = $89.94
Most Recent Note - 8/12/2013 6:07:52 PM G- Holding its ground stubbornly, extended from any sound base and perched at all-time highs. Volume totals have been cooling after spiking higher with gains backed by above average volume. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2013. 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
GNRC - NYSE Generac Hldgs Inc CONSUMER DURABLES - Electronic Equipment	$42.30	-0.61 -1.42%	$42.63	573,992 50.94% of 50 DAV 50 DAV is 1,126,700	$44.30 -4.51%	7/30/2013	$42.60	PP = $42.10
								MB = $44.21
Most Recent Note - 8/15/2013 7:17:46 PM Y - Holding its ground stubbornly after it recently rallied from an advanced "3-weeks tight" base and priced a Secondary Offering. Disciplined investors always limit losses by selling if any stock falls more than -7% from its purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2013. 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$71.23	-0.77 -1.07%	$71.80	3,748,003 105.81% of 50 DAV 50 DAV is 3,542,200	$72.98 -2.40%	8/6/2013	$69.66	PP = $66.28
								MB = $69.59
Most Recent Note - 8/15/2013 7:19:05 PM G - Holding its ground beyond its "max buy" level. Prior highs in the $66 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2013. 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
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education and; Training Services	$33.79	-1.15 -3.29%	$34.70	254,496 57.27% of 50 DAV 50 DAV is 444,400	$37.17 -9.09%	6/19/2013	$31.47	PP = $34.17
								MB = $35.88
Most Recent Note - 8/14/2013 7:11:26 PM Y - Consolidating above important near-term support. Reported earnings +15% on +19% sales for the Jun '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/14/2013. 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
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$938.79	-1.21 -0.13%	$943.41	823,032 116.25% of 50 DAV 50 DAV is 708,000	$994.98 -5.65%	7/8/2013	$878.28	PP = $847.43
								MB = $889.80
Most Recent Note - 8/9/2013 12:59:35 PM G - Challenged the $1,000 threshold after it gapped up for a considerable gain and new 52-week high, getting more extended from any sound base. Reported earnings +24% on +27% sales revenues for the Jun '13 quarter, just under the +25% minimum earnings guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 7/25/2013. 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
PRAA - NASDAQ Portfolio Recovery Assoc DIVERSIFIED SERVICES - Business/Management Services	$54.82	-1.22 -2.18%	$55.98	390,400 77.83% of 50 DAV 50 DAV is 501,600	$57.57 -4.78%	7/31/2013	$51.43	PP = $54.72
								MB = $57.46
Most Recent Note - 8/14/2013 1:09:23 PM Y - Perched at its 52-week high today holding its ground following an impressive spurt of volume-driven gains. It rallied above the pivot point with +130% above average volume on the prior session clinching a new technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2013. 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
PRLB - NYSE Proto Labs Inc MANUFACTURING - Small Tools and Accessories	$65.68	-1.15 -1.72%	$66.40	283,709 57.07% of 50 DAV 50 DAV is 497,100	$72.08 -8.88%	7/29/2013	$64.86	PP = $67.50
								MB = $70.88
Most Recent Note - 8/12/2013 6:12:02 PM Y - Tallied a 3rd consecutive gain with below or near average volume since again testing support near its 50 DMA line and prior lows when encountering distributional pressure. 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 8/5/2013. 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
QCOR - NASDAQ Questcor Pharmaceuticals DRUGS - Biotechnology	$66.58	-0.80 -1.19%	$69.06	1,260,439 59.96% of 50 DAV 50 DAV is 2,102,000	$70.55 -5.63%	7/31/2013	$66.46	PP = $59.01
								MB = $61.96
Most Recent Note - 8/13/2013 7:04:51 PM G - Rallied to its second-best close today following a brief consolidation. Quickly got extended beyond its "max buy" level after highlighted in yellow in the 7/31/13 mid-day report (read here) with a weekly graph which illustrated its powerful long-term breakout to new highs. >>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2013. 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
SFUN - NYSE Soufun Hldgs Ltd Ads A INTERNET - Internet Information Providers	$37.30	-3.20 -7.90%	$40.46	855,817 189.97% of 50 DAV 50 DAV is 450,500	$42.15 -11.51%	7/16/2013	$29.54	PP = $27.90
								MB = $29.30
Most Recent Note - 8/15/2013 12:56:01 PM G - Pulling back considerably after getting very extended from its latest base. Prior reports noted - "Disciplined investors avoid chasing stocks too extended from sound bases." >>> The latest Featured Stock Update with an annotated graph appeared on 8/8/2013. 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
SSNC - NASDAQ S S & C Technologies COMPUTER SOFTWARE and SERVICES - Application Software	$34.91	-0.39 -1.10%	$35.15	300,187 70.87% of 50 DAV 50 DAV is 423,600	$38.80 -10.03%	7/11/2013	$35.80	PP = $34.54
								MB = $36.27
Most Recent Note - 8/9/2013 5:21:29 PM Y - Found prompt support after undercutting its 50 DMA line and prior highs in the $34 area. Disciplined investors always limit losses if ever any stock falls more than -7% from their purchase price. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2013. 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
SSYS - NASDAQ Stratasys Ltd COMPUTER HARDWARE - Computer Peripherals	$96.78	-3.57 -3.56%	$99.50	747,073 91.21% of 50 DAV 50 DAV is 819,100	$104.34 -7.24%	7/8/2013	$91.44	PP = $95.00
								MB = $99.75
Most Recent Note - 8/13/2013 1:05:00 PM G - Touched another new 52-week high today. It has rallied beyond its "max buy" level and prior highs in the $86 area define support to watch on pullbacks. Its Relative Strength Rating has improved to 86, above the 80+ minimum guideline for buy candidates under the fact-based investment system. >>> The latest Featured Stock Update with an annotated graph appeared on 7/24/2013. 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
STMP - NASDAQ Stamps.Com Inc INTERNET - Internet Software and Services	$39.27	-0.69 -1.73%	$39.95	123,547 89.33% of 50 DAV 50 DAV is 138,300	$46.47 -15.49%	7/31/2013	$40.00	PP = $42.98
								MB = $45.13
Most Recent Note - 8/13/2013 6:53:00 PM Y - Found support at its 50 DMA line again after a recent bout of distributional pressure. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price. Any stock which is sold can be bought again later if strength returns. >>> The latest Featured Stock Update with an annotated graph appeared on 7/31/2013. 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$102.93	-0.97 -0.93%	$103.14	1,573,802 98.30% of 50 DAV 50 DAV is 1,601,000	$105.40 -2.34%	4/30/2013	$60.24	PP = $76.66
								MB = $80.49
Most Recent Note - 8/15/2013 7:10:07 PM G- Holding its ground after rallying into new 52-week high territory with 9 gains in the span of 10 sessions. Reported earnings +33% on +34% sales revenues for the Jun '13 quarter, above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/15/2013. 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
YNDX - NASDAQ Yandex N V Class A INTERNET - Internet Information Providers	$33.00	-0.70 -2.08%	$33.73	1,859,789 74.74% of 50 DAV 50 DAV is 2,488,400	$34.79 -5.15%	7/10/2013	$29.29	PP = $29.59
								MB = $31.07
Most Recent Note - 8/14/2013 1:26:02 PM G - Hitting a new 52-week high today following a brief consolidation in a tight range with volume totals cooling in recent weeks, a sign that few investors have been headed for the exit. Its 50 DMA line coincides with prior highs in the $29 area defining important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2013. 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