Despite early strength, stocks turned lower as Federal Reserve Chairman Ben Bernanke lowered the Central Banks economic growth projections. In addition, Bernanke reiterated that the unemployment rate would likely remain elevated until 2015.

Six of the 10 sectors on the S&P ended lower, led by declines in tech stocks including Facebook Inc (FB -1.43%) fell. Telecom stocks were able to hold onto their gains. On the earnings front, Joy Global Inc (JOY +3.97%) advanced after the company posted a better-than-expected profit tally.

Turning to fixed income markets, Treasuries ended lower along the curve. The benchmark 10-year note fell 13/32 to yield 1.71% and the 30-year bond was down over a full point to yield 2.91%.

The Dow Jones Industrial Average, S&P 500 Index, and the Nasdaq Composite Index have collectively rallied above their respective 50-day moving average (DMA) lines and the market direction (M criteria) remains in a "confirmed uptrend".  New buying efforts may be justified only in worthy high-ranked leaders. See the noteworthy companies included on the Featured Stocks Page.

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PICTURED: The S&P Small Cap 600 Index finished -4.7% off its 2012 after a negative reversal today.

The Gold & Silver Index ($XAU +2.53%) was a standout gainer while the Healthcare Index ($HMO +0.74%) posted a smaller gain. The Bank Index ($BKX +0.40%) and Broker/Dealer Index ($XBD +0.37%) helped underpin the market's rally effort and the Retail Index ($RLX +0.13%) also inched higher.  Energy-related shares were mixed with a modest gain for the Integrated Oil Index ($XOI +0.64%) while the Oil Services Index ($OSX -0.57%) edged lower. The Networking Index ($NWX -0.48%), Semiconductor Index ($SOX -0.32%), and Biotechnology Index ($BTK -0.26%) ended with  small losses while the Internet Index ($IIX +0.21%) eked out a small gain. 

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.37%) rallied to challenge its 200-day moving average (DMA) line, also approaching its September highs.  Subsequent gains above those near-term hurdles would help this leading indicator's technical stance and improve the broader market rally's outlook.

Celgene Corp (CELG  -$0.89 or -1.08% to $81.19) ended the session just below its pivot point with a loss with +16% above average volume.  On the prior session it was highlighted in yellow with pivot point cited based on its 10/05/12 high plus 10 cents in the mid-day report (read here). It finished that session above its pivot point with a gain backed by +128% above average volume as it rallied for a new 52-week high and clinched a technical buy signal. As always, disciplined investors limit losses if any stock ever falls more that -7% from their buy point.

Investors are often wise to use the tactical approach called "pyramiding" to accumulate shares and avoid chasing a stock too far above its pivot point while waiting for the volume to help clinch the technical buy signal. Heavy volume behind a breakout gain is still no guarantee that a stock with produce great gains, but it is a convincing and very reassuring sign of the truly great institutional demand necessary for a sustainable and meaningful price advance. Bullish market environments often offer multiple opportunities to accumulate the same high-ranked company's shares within the fact-based system's guidelines. 

The number of top-rated funds owning its shares rose from 1,623 in Dec '11 to 1,686 in Sep '12, a somewhat reassuring trend concerning the I criteria.  However, the company is already well-known by the institutional crowd. CELG maintained a strong earnings history (C and A criteria) after its last appearance in this FSU section on 3/26/12 with an annotated graph under the headline, "Volume Near Average While Rallying to New Highs".  It was later noted when technical damage started to mount and it was dropped from the Featured Stocks list on 5/04/12, then went through a deeper consolidation below its 200-day moving average (DMA) line before rebounding impressively. However, it stalled near prior resistance in the $80 and tested its 200 DMA line again before the latest rally to new high territory. 

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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$81.19	-0.89 -1.08%	$82.00	3,197,487 115.89% of 50 DAV 50 DAV is 2,759,100	$82.78 -1.92%	12/11/2012	$82.24	PP = $81.34
								MB = $85.41
Most Recent Note - 12/12/2012 6:50:26 PM Y - Pulled back today and finished just below its pivot point. Triggered a technical buy signal on the prior session. Disciplined investors always limit losses if any stock falls -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 12/12/2012. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$15.78	-0.22 -1.38%	$16.11	299,379 149.99% of 50 DAV 50 DAV is 199,600	$16.21 -2.65%	12/3/2012	$15.20	PP = $16.31
								MB = $17.13
Most Recent Note - 12/11/2012 6:33:40 PM Y - Traded above average volume today, but the gain was not big enough to help it rally above its pivot point to trigger a proper new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/10/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$37.42	+0.02 0.05%	$37.76	9,886,533 84.19% of 50 DAV 50 DAV is 11,743,200	$37.96 -1.42%	12/3/2012	$37.08	PP = $38.06
								MB = $39.96
Most Recent Note - 12/12/2012 1:02:24 PM Y - Perched only -0.8% off its 52-week high today, quietly wedging higher without great volume conviction. Disciplined investors will watch for gains above the pivot point backed by at least the bare minimum +40% above average volume threshold to trigger a proper new (or add-on) technical buy signal before taking action. >>> The latest Featured Stock Update with an annotated graph appeared on 12/7/2012. 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
LKQ - NASDAQ L K Q Corp WHOLESALE - Auto Parts	$21.26	-0.26 -1.21%	$21.77	1,554,305 72.52% of 50 DAV 50 DAV is 2,143,300	$22.29 -4.60%	8/9/2012	$18.97	PP = $18.72
								MB = $19.66
Most Recent Note - 12/11/2012 6:25:18 PM G - Volume totals have been cooling while consolidating. Previously noted a worrisome "negative reversal" on 11/26/12 followed by additional losses on above average volume. Results below the +25% minimum earnings guideline (C criteria) for Sep '12 recently raised fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2012. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$127.24	-2.19 -1.69%	$129.47	64,730 84.50% of 50 DAV 50 DAV is 76,600	$129.99 -2.12%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 12/11/2012 7:00:05 PM G - Color code is changed to green after a volume-driven gain today above its "max buy" level. Earnings +23% on +18% sales for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria), raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 12/6/2012. 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
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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$63.91	+0.53 0.84%	$64.93	988,297 208.72% of 50 DAV 50 DAV is 473,500	$67.02 -4.64%	12/12/2012	$64.75	PP = $67.12
								MB = $70.48
Most Recent Note - 12/12/2012 12:34:22 PM Y - Fundamentals (C and A criteria) remain strong and it has been resilient since dropped from the Featured Stocks list on 11/15/12. Rallied above its 50 DMA line with 3 consecutive volume-driven gains this week while working up toward prior highs. Color code is changed to yellow with new pivot point cited based on its 10/26/12 high plus 10 cents. It still faces resistance and disciplined investors will watch for subsequent volume-driven gains above the pivot point which may trigger a technical buy signal before taking action. >>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2012. 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
NSR - NYSE Neustar Inc TELECOMMUNICATIONS - Diversified Communication Serv	$42.34	+0.37 0.88%	$43.29	728,364 214.60% of 50 DAV 50 DAV is 339,400	$42.62 -0.66%	12/11/2012	$41.85	PP = $41.41
								MB = $43.48
Most Recent Note - 12/12/2012 12:40:43 PM Y - Off earlier highs after rallying near its "max buy" level today. Its strong finish on heavy volume clinched a technical buy signal on the prior session as it hit new 52-week highs and rallied from a 10-week base. Quarterly comparisons through Sep '12 showed 3 consecutive increases of more than 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 12/11/2012. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$67.85	+0.30 0.44%	$68.46	1,017,562 67.48% of 50 DAV 50 DAV is 1,508,000	$70.00 -3.07%	11/26/2012	$66.26	PP = $67.18
								MB = $70.54
Most Recent Note - 12/12/2012 1:06:25 PM Y - Still quietly perched -2.6% off its 52-week high today, holding its ground just above its pivot point. Previously noted - "Confirming gains above its pivot point with at least +40% above average volume would be a welcome reassurance. Disciplined investors may be wise to use a tactic called 'pyramiding' to allow the market action to dictate their weighting in new buys while always limiting losses by selling if any stock ever falls more than -7% from their purchase price." >>> The latest Featured Stock Update with an annotated graph appeared on 11/27/2012. 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
RGR - NYSE Sturm Ruger & Co Inc CONSUMER DURABLES - Sporting Goods	$48.55	-0.18 -0.37%	$49.12	453,428 89.01% of 50 DAV 50 DAV is 509,400	$55.66 -12.77%	11/20/2012	$52.23	PP = $52.65
								MB = $55.28
Most Recent Note - 12/11/2012 7:02:18 PM G - Managed a positive reversal today after early weakness. The current pullback may be a high handle forming on its larger 7-month cup shaped base, but the volume is supposed to be light in the handle portion of a cup-with-handle base. Instead, it has been enduring distributional pressure in recent days since trading ex-dividend 12/05/12 following its previously noted $4.50/sh special dividend. Prior highs and its 50 DMA line define near-term chart support. Patience may allow for an ideal new base and breakout to be noted. See additional details in the article "Ken's Mailbag Q&A 12/10/12 - Challenges of when to lock in a profit or accumulate more shares" >>> The latest Featured Stock Update with an annotated graph appeared on 11/21/2012. 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	$38.80	-0.32 -0.82%	$39.32	159,625 46.29% of 50 DAV 50 DAV is 344,800	$41.15 -5.71%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 12/10/2012 2:29:18 PM Y - Still quietly perched within close striking distance of its 52-week high. Recent gains with below average volume indicate lackluster buying demand from the institutional crowd. Disciplined investors may watch for volume-driven gains for a new high close to trigger a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2012. 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
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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$95.40	-1.63 -1.68%	$97.85	837,340 109.93% of 50 DAV 50 DAV is 761,700	$103.52 -7.84%	12/4/2012	$100.29	PP = $103.62
								MB = $108.80
Most Recent Note - 12/11/2012 7:05:33 PM Y - Damaging loss today on higher volume indicated distributional pressure against a mostly positive market backdrop, retreating from new its 52-week high. Disciplined investors will watch for volume-driven gains above the pivot point to trigger a new technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/4/2012. 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	$56.64	-0.46 -0.81%	$57.82	223,022 92.12% of 50 DAV 50 DAV is 242,100	$61.89 -8.48%	12/3/2012	$59.06	PP = $61.99
								MB = $65.09
Most Recent Note - 12/10/2012 2:32:50 PM G - Sputtering below its 50 DMA line for the past week and it reversed today's early gain. Technically, the longer it lingers below its important short-term average the worse its outlook gets The $61 area has been a stubborn resistance level in recent months. >>> The latest Featured Stock Update with an annotated graph appeared on 12/3/2012. 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
WPI - NYSE Watson Pharmaceuticals DRUGS - Drugs - Generic	$88.92	-0.86 -0.96%	$90.39	1,049,817 134.14% of 50 DAV 50 DAV is 782,600	$90.00 -1.20%	8/24/2012	$82.90	PP = $81.10
								MB = $85.16
Most Recent Note - 12/11/2012 6:26:59 PM G - Challenged its 52-week high today and finished at a best-ever close with a solid gain on slightly above average volume. No resistance remains due to overhead supply. Quarterly comparisons for sales revenues and earnings increases have shown sequential deceleration in its growth rate raising some fundamental concerns, as recently noted. >>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2012. 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