The major averages fell and treasuries rallied after American personal income trailed estimates which sparked concern the economic recovery may be waning. Monday's reported volume totals were lower on the NYSE and the Nasdaq exchange compared to Friday's levels which suggested that large institutions were not aggressively selling stocks. Decliners trumped advancers by near a 4-to-1 ratio on the NYSE and on the Nasdaq exchange. New 52-week highs outnumbered new 52-week lows on the NYSE but trailed new lows on the Nasdaq exchange. There were 19 high-ranked companies from the CANSLIM.net Leaders List made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 21 issues that appeared on the prior session.

Before Monday's open, the Commerce Department said disposable incomes, or the money left over after taxes, missed estimates while consumer spending rose +0.4%, matching estimates. Monday's "miss" was the latest in a series of economic data that suggests the slowing jobs market is adversely affecting the economic recovery.Elsewhere, it was encouraging to see the M&A market remain somewhat active. Intel Corp (INTC -2.23%), the world’s largest chip maker, fell after agreeing to buy Infineon Technologies AG’s wireless unit for about $1.4 billion. Meanwhile, 3Par Inc (PAR -1.97%) slid even after Hewlett-Packard Co (HPQ +1.47%) raised their bid to buy the company. 

Monday marked Day 2 of a new rally attempt which means the earliest a possible follow-through day (FTD) could emerge will be Wednesday. However, if at anytime, Friday's lows (Day 1) are breached then the day count will be reset. The technical action in the major averages has recently been weak while the latest round of economic data has provided a poor outlook for the market and the global recovery. Currently, resistance for the the major averages are their 50-day moving average (DMA) lines, then their longer-term 200 DMA lines while support remains July's lows. It is also disconcerting to see weakness in the financial group. Meanwhile, the action in leading stocks and fact that some high-ranked leaders are breaking out of sound bases can be considered somewhat encouraging. Still there is importance in remaining cautious until the major averages are back in a confirmed uptrend. Put simply, we can expect this sideways/choppy action to continue until the market breaks out above resistance or below support. The first scenario will have bullish ramifications while the second will be clearly bearish. Trade accordingly.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -2.35%) is slumping near its lowest level since its recovery peak in October 2009.

Verifone Systems Inc (PAY +$0.39 or +1.59% to $24.91) hit another new 52-week high today and its color code was changed to green after inching above its "max buy" level. It blasted higher on 8/25/10 following better than expected results and was noted in that day's mid-day report (read here) while then rising from a cup-with-handle base. The downward turn in annual earnings (A criteria, see red circle) is a concern, yet its recent bullish action and accelerating sales revenues growth in recent quarterly comparisons are reassuring signs it has overcome the previous setback.

Its prior appearance in this FSU section was a follow-up story published on 12/18/08 with an annotated graph under the headline "Patience Did Not Pay; Fundamental Flaws Prompted Technical Gap Down" that illustrated its decline after it had earlier been dropped from the Featured Stocks page. It was noted in the 8/25/10 mid-day report - "Long ago, based on disappointing fundamental news and very weak technical action, it was dropped from the Featured Stocks list on 12/3/2007 as it gapped down for a considerable loss after the company said it would restate its earnings for the past three quarters, with the added warning that revelations of deeper problems may follow. It has rebounded impressively and is now clear of overhead supply after a powerful technical breakout with 6 times average volume, however the M criteria is now arguing against new buying efforts until a new follow-through day occurs from at least one of the major averages."

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
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$107.77	-0.81 -0.75%	$109.12	374,147 56.52% of 50 DAV 50 DAV is 662,000	$112.60 -4.29%	6/29/2010	$104.74	PP = $109.33
								MB = $114.80
Most Recent Note - 8/27/2010 4:22:01 PM G - This Brazil-based beverage firm posted a small gain today on light volume, making a stand at its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2010. 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
ARUN - NASDAQ Aruba Networks Inc COMPUTER HARDWARE - Networking andamp; Communication Dev	$18.06	-0.33 -1.79%	$18.70	2,635,845 154.76% of 50 DAV 50 DAV is 1,703,200	$18.69 -3.37%	8/30/2010	$18.12	PP = $18.51
								MB = $19.44
Most Recent Note - 8/30/2010 12:36:43 PM Y - Pulling back today after a considerable gain on Friday following another strong quarterly earnings report. Technically, its 8/27/10 gain with heavy volume helped it rise to a new 52-week high on the right side of a 5-week base during which its 50 DMA line acted as a support level. Color code is changed to yellow. Confirming gains and a follow-through day for the major averages (M criteria) would be reassuring signs, especially since its prior highs may act as resistance. It rebounded impressively since dropped from the Featured Stocks list on 5/06/10 as it and the broader market endured heavy distributional pressure. >>> The latest Featured Stock Update with an annotated graph appeared on 4/29/2010. 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$77.24	-2.13 -2.68%	$80.60	6,707,892 61.01% of 50 DAV 50 DAV is 10,995,200	$88.32 -12.55%	7/14/2010	$75.03	PP = $78.59
								MB = $82.52
Most Recent Note - 8/30/2010 5:32:29 PM G - Negative reversal today led to a close below its 50 DMA line again. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2010. 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	$56.73	-2.94 -4.93%	$59.67	42,039 78.14% of 50 DAV 50 DAV is 53,800	$61.41 -7.62%	7/29/2010	$52.04	PP = $54.07
								MB = $56.77
Most Recent Note - 8/30/2010 3:25:43 PM G - Consolidating near its "max buy" level at its low today with volume totals recently cooling. Support to watch is its 50 DMA and old high near $54. It traded up in 19 of the past 21 months. >>> 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	$109.17	-2.31 -2.07%	$112.28	2,218,192 86.40% of 50 DAV 50 DAV is 2,567,300	$114.15 -4.36%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 8/30/2010 5:33:46 PM G - Down today with below average volume. It is still extended from any sound base, not currently buyable under the investment system guidelines. >>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2010. 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
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
EGO - NYSE Eldorado Gold Corp METALS and MINING - Gold	$19.31	-0.32 -1.63%	$19.72	3,168,105 74.75% of 50 DAV 50 DAV is 4,238,100	$19.63 -1.63%	8/19/2010	$18.25	PP = $19.17
								MB = $20.13
Most Recent Note - 8/27/2010 4:36:54 PM Y - Closed near the session high today with a 3rd consecutive gain backed by above average volume for the Canada-based mining firm. It triggered a technical buy signal this week, but keep in mind that 3 out of 4 stocks go the direction of the major averages and the M criteria argues against new buying efforts until a follow-through day confirms a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2010. 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
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$89.24	+0.22 0.25%	$90.97	1,203,312 71.62% of 50 DAV 50 DAV is 1,680,200	$92.70 -3.73%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 8/27/2010 4:44:52 PM G - Consolidating in an orderly fashion, its 50 DMA and recent low coincide near $80, defining support. >>> The latest Featured Stock Update with an annotated graph appeared on 8/4/2010. 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
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$47.95	+1.94 4.22%	$49.50	2,002,398 232.08% of 50 DAV 50 DAV is 862,800	$46.33 3.50%	8/10/2010	$45.54	PP = $42.69
								MB = $44.82
Most Recent Note - 8/30/2010 12:39:10 PM G - Trading up considerably today for a new high, posting its 7th consecutive gain with ever increasing volume, reacting positively to news its board approved a stock buyback plan. >>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. 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
GMCR - NASDAQ Green Mtn Coffee Roastrs FOOD and BEVERAGE - Processed and Packaged Goods	$30.18	-0.40 -1.31%	$30.60	1,478,478 64.81% of 50 DAV 50 DAV is 2,281,400	$33.98 -11.18%	8/17/2010	$33.62	PP = $33.30
								MB = $34.97
Most Recent Note - 8/27/2010 4:50:09 PM G - Small gain today on light volume halted its slide near its 50 DMA line. Possible handle may be forming after the previously noted cup shaped pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 8/17/2010. 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
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$20.35	-0.15 -0.73%	$20.66	997,500 176.96% of 50 DAV 50 DAV is 563,700	$20.52 -0.83%	8/27/2010	$19.91	PP = $19.75
								MB = $20.74
Most Recent Note - 8/30/2010 12:42:00 PM Y - Pulling back today following a considerable gap up gain on 8/27/10 after announcing news that it will acquire Bravo Health for $545 million. Rallied from a short flat base as it was featured in the mid-day report (read here) and then went on to close strong and hit a new 52-week high with more than 3 times average volume behind its gain. It found support above its 50 and 200 DMA lines during its light volume pullback following an earlier (7/29/10) breakout. The M criteria remains a concern until a follow-through day emerges. Quarterly and annual earnings comparisons have showed strong +25%. or greater increases (good C and A criteria) history. >>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2010. 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
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	$64.74	-1.64 -2.47%	$66.65	275,182 26.49% of 50 DAV 50 DAV is 1,038,800	$70.95 -8.75%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 8/30/2010 3:39:14 PM G - Consolidating quietly well above prior highs in the $62 area and its 50 DMA line defining chart support. Recently noted - "The pullback may be offering investors a secondary buy point, however weakened market conditions (M criteria) are a concern now arguing against new buying effort until a new follow-through day occurs." >>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2010. 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
MRX - NYSE Medicis Pharmaceut Cl A DRUGS - Biotechnology	$27.23	+0.30 1.11%	$27.80	1,349,074 116.98% of 50 DAV 50 DAV is 1,153,300	$28.15 -3.27%	8/12/2010	$26.88	PP = $26.71
								MB = $28.05
Most Recent Note - 8/30/2010 1:07:49 PM Y - Rallying today near its 52-week high with little resistance remaining due to overhead supply. The high-ranked Medical - Ethical Drugs firm found support recently while consolidating near prior chart highs. >>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2010. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$52.84	-1.14 -2.11%	$54.40	24,150 30.92% of 50 DAV 50 DAV is 78,100	$55.46 -4.72%	7/29/2010	$52.05	PP = $52.09
								MB = $54.69
Most Recent Note - 8/30/2010 5:35:40 PM Y - Negatively reversed today after a small gap up, closing at the session low. Recent lows in the $46 area define an important chart support level. >>> 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	$59.92	-0.03 -0.05%	$60.54	3,880,550 51.80% of 50 DAV 50 DAV is 7,491,100	$63.38 -5.46%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 8/27/2010 6:05:35 PM G - Closed at its best level in 6 weeks as a 3rd consecutive gain today with light volume helped it rise further above its 50 DMA line. Leadership in the Mining - Gold/Silver/Gems group (L criteria) is a nice reassurance. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2010. 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
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$28.58	-0.90 -3.05%	$29.37	81,404 97.61% of 50 DAV 50 DAV is 83,400	$30.39 -5.96%	7/22/2010	$27.19	PP = $27.87
								MB = $29.26
Most Recent Note - 8/30/2010 3:32:01 PM Y- Consolidating -5% off its all-time high with volume cooling today. Recently rallied up from its 50 DMA line and prior highs in the $27 area defining important technical support. >>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2010. 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
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
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$123.10	-3.00 -2.38%	$125.70	2,663,200 60.61% of 50 DAV 50 DAV is 4,393,800	$140.90 -12.63%	8/10/2010	$124.05	PP = $124.00
								MB = $130.20
Most Recent Note - 8/30/2010 3:33:06 PM Y- Holding its ground, consolidating near its prior high of $124 noted as an important support level to watch. Color code was changed to yellow while finding recent support near its pivot point. >>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2010. 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
PAY - NYSE Verifone Systems Inc COMPUTER HARDWARE - Transaction Automation Systems	$24.91	+0.39 1.59%	$25.12	2,058,219 170.57% of 50 DAV 50 DAV is 1,206,700	$25.04 -0.51%	8/25/2010	$24.30	PP = $23.74
								MB = $24.93
Most Recent Note - 8/30/2010 3:36:29 PM G - Hit another new 52-week high today and its color code is changed to green after inching above its "max buy" level. Blasted higher on 8/25/10 following better than expected results, noted in the mid-day report (read here) while then rising from a cup-with-handle base - "Long ago, based on disappointing fundamental news and very weak technical action, it was dropped from the Featured Stocks list on 12/3/2007 as it gapped down for a considerable loss after the company said it would restate its earnings for the past three quarters, with the added warning that revelations of deeper problems may follow. It has rebounded impressively and is now clear of overhead supply after a powerful technical breakout with 6 times average volume, however the M criteria is now arguing against new buying efforts until a new follow-through day occurs from at least one of the major averages." >>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2010. 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
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$42.05	-0.51 -1.20%	$42.93	406,740 35.86% of 50 DAV 50 DAV is 1,134,400	$44.96 -6.47%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 8/27/2010 6:18:01 PM G - Building a base-on-base type pattern. Testing support at its 50 DMA line this week, while prior highs in the $40 area define the next chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2010. 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
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$34.05	-1.84 -5.13%	$36.00	358,097 83.28% of 50 DAV 50 DAV is 430,000	$40.98 -16.91%	8/5/2010	$39.55	PP = $41.08
								MB = $43.13
Most Recent Note - 8/30/2010 3:23:38 PM G - Considerable loss today, violating its 50 DMA line and recent lows, raising concerns. The next support is at its 200 DMA line and prior chart lows in the $30 area. >>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2010. 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
SLW - NYSE Silver Wheaton Corp METALS and; MINING - Silver	$22.86	+0.06 0.26%	$23.18	4,509,121 97.73% of 50 DAV 50 DAV is 4,613,700	$22.84 0.09%	8/25/2010	$21.40	PP = $21.99
								MB = $23.09
Most Recent Note - 8/30/2010 1:13:33 PM Y - Hit another new all-time high today, trading near its "max buy" level. Its gain on 8/26/10 with +69% above average volume helped it trigger a technical buy signal and close above the pivot point cited in the 8/25/10 mid-day report. The M criteria is a concern until a follow-through day confirms a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2010. 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
VIT - NYSE Vanceinfo Tech Inc Ads COMPUTER SOFTWARE and SERVICES - Business Software and Services	$28.49	-0.06 -0.21%	$28.79	460,505 81.98% of 50 DAV 50 DAV is 561,700	$28.68 -0.66%	7/8/2010	$25.20	PP = $26.58
								MB = $27.91
Most Recent Note - 8/27/2010 6:21:51 PM G - Gain today with +50% above average volume helped it rally to a new all-time high and close above its "max buy" level. Color code is changed to green. No resistance is remaining due to overhead supply. >>> 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
WCRX - NASDAQ Warner Chilcott Plc DRUGS - Drug Manufacturers - Other	$28.62	+0.04 0.14%	$29.15	1,989,093 115.58% of 50 DAV 50 DAV is 1,720,900	$30.57 -6.38%	8/23/2010	$29.54	PP = $29.34
								MB = $30.81
Most Recent Note - 8/27/2010 6:24:02 PM Y - Posted a gain today with heavy volume, yet it ended the session still below its pivot point after 2 prior losses on lighter volume. It was featured in yellow in the mid-day report on 8/23/10 (read here), rising from a cup shaped base. >>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2010. 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