The major market indexes ended lower last month and are down for the year. As the US dollar has recently advanced, fears of a global economic slowdown have been escalating. For the year, the Dow Jones Industrial Average has shed -4%, the S&P 500 Index is down -6%, an the tech-heavy Nasdaq Composite is leading the major averages lower, down -6.8%. The confirmed rally that began on the July 7, 2010 follow-through day (FTD) ended on Tuesday, August 24, 2010 which suggests defense is, once again, paramount until a new FTD emerges.

PICTURED: The S&P 500 Index has narrowly avoided undercutting its August 27, 2010 low which has been labeled "Day 1" of a new rally attempt.  The other major averages (not shown) also have kept their current rally attempts intact.  A FTD or follow-through gain of at least +1.7% from one of the major averages with higher volume and an expansion in the new highs list would confirm a new rally and give investors a reassuring vote with respect to the M criteria of the investment system.

Before we address the current market outlook, it is important to step back and put the recent action in proper context. Since the March 2009 bottom, the major averages have experienced explosive gains on the simple premise that the global economic recovery will be robust. That notion helped the benchmark S&P 500 Index rally +83% before reaching a near-term top of 1,219 on April 26, 2010. Since then, notions of a robust recovery have come into question, especially due to the ominous debt levels in several European nations and the major averages are each down -11% to -17% from their 2010 highs. The euro, which has also enjoyed healthy gains since March 2009, topped out in December 2009 and has steadily fallen during the first half of 2010, then rallied smartly in July, but lost ground in August. Looking ahead, it is imperative to monitor the direction the euro is heading in order to better gauge investors' world-wide collective appetite for risk.   

Bullish Case:
History shows us that most bull markets last between 18-36 months before they fail. Therefore, the fact that we are only beginning our 17th month bodes well for this bull market. It is also somewhat encouraging to see nearly every government across the globe step up and unanimously infuse an unprecedented amount of capital into the global economy and more recently, reiterate their stance in recent weeks to infuse more capital if needed. This unified action saved the global economy from entering a deeper recession and laid the foundation for this massive bull run. On average, central banks around the world are still keeping rates near historic lows to help spur economic growth, while a few have begun raising rates. As of this writing, the major averages continue to find formidable support near their 2010 lows. As long as these levels hold, the intermediate and longer term picture remain somewhat positive. However, if these lows are breached, then all bets are off.  

It is also somewhat encouraging to see the bulls show up and continuously defend support. Since the April 2010 highs, the major averages have pulled back a handful of times, each somewhat mild, not exceeding the -20% level which technically defines a bear market. Therefore, until the major averages pullback over -20% from their recent highs this could be interpreted as a temporary correction, albeit a steep one, before the bulls again return and resume this powerful uptrend that began in March 2009. A characteristic of this bull market and others is that every time the market pulls back the bulls promptly show up to quell the bearish pressure and defend support. That said, until support is breached, the bulls deserve the benefit of the doubt. 

Bearish Case:
Each of the major averages appear to be tracing out an ominous large head-and-shoulders topping pattern. There are two ways for this scenario to ultimately play out: for the market to break down below the neckline of this large pattern (near July's lows), or rally to break out above resistance at the highs of the right shoulders in their respective patterns. The first case will likely have bearish ramifications while the second is bullish.

Another bearish concern is that sovereign debt woes and tepid economic growth continue to be the bane of this rally. Since the April 2010 highs, several popular rating agencies have downgraded a slew of European nations and financial institutions' debt. Not surprisingly, this corresponded with a steep sell-off in the euro which sent it down to fresh 4-year low earlier this summer.  Italy, Hungary and Iceland are the three nations which analysts believe are also dealing with onerous debt levels. All of this helped the US dollar, gold, and bonds to be able to rally smartly as a so-called "safe haven" play. Since November, the greenback has rallied smartly and jumped above its 50-day moving average (DMA) and 200 DMA lines. As expected, the stronger dollar sent US stocks and a slew of commodities (i.e. dollar denominated assets) lower as investors continue to debate our economic future.

The bears believe that the effects of the massive worldwide stimulus packages from 2008-2009 are beginning to wane and the future of the global economic recovery may not be as robust as initially expected. The bears also claim that technically this rally is done and overdue for a serious intermediate-term correction. Since the March '09 lows, the major averages have retraced (rallied back) a little over +50% of their 2007-2009 bear market decline, which is a fairly typical bounce before a new down leg ensues. Only time will tell exactly how this plays out.

Market Action:  Price & Volume C
As we know, the major averages topped out in October 2007 and then proceeded to precipitously plunge until they put in a near-term bottom in early March 2009. Since then, the market snapped back and enjoyed hefty gains which helped send the major averages to one of their strongest 17-month rallies in history. The small cap Russell 2000 Index was the standout winner, surging a whopping +117%. The tech-heavy Nasdaq Composite is a close second, having vaulted +100% before reaching its interim high of 2,535 on April 26, 2010. The benchmark S&P 500 Index raced +83% higher before hitting its near term high of 1,219 on April 26, 2010, and the Dow Jones Industrial Average soared +74% before printing its near-term high of 11,258 on April 26, 2010.  

This data indicates that Monday, April 26, 2010 appeared to be a very important day for the market because that is the day that most of the popular averages printed their near-term highs and negatively reversed by closing lower from new recovery highs. In addition, after such hefty moves, a 10-18% pullback, if the indices can prove resilient enough to hold their ground near current levels, would be quite normal before the bulls return and send this market higher. However, if the 2010 lows are further breached, then odds will favor that even lower prices will follow. In addition, the downward sloping 50 DMA line undercut the longer-term 200 DMA line for many of the indices which is known as a death cross and is not a healthy sign. Trade accordingly. Never argue with the tape, and always keep your losses small.  

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If you watch the daily news headlines you certainly hear about hurricanes, floods, earthquakes, fires, and other natural disasters. You also hear about many man-made disasters, and when the Fed Chairman uses the phrase "unusually uncertain" to describe the economic outlook after all that has been done to prop things up, it might not be possible to stay very enthused about the stock market.  Incidentally, the major averages are down year-to-date, which also can curb investor's enthusiasm.  However, the fact-based system of investing we embrace keeps our emotions in check.  Moreover, the list of stocks matching up favorably with winning models of the past includes a deeper pool of high-ranked leaders with the characteristics required by strict practitioners of this system.

The major averages have yet to produce a fresh follow-through day (FTD) since the summer rally ended, and there is no assurance one is coming soon, but one is eventually coming. The good news is that a fair amount of leadership is coming from companies in groups including: Computer Hardware, Computer Software, Internet Networking, Health Services, Drugs and Biotechnology, Specialty Retail, Food and Beverage, and Mining. It would be discouraging if the worthy looking buy candidates setting up now were concentrated only in cyclical groups or defensive areas. 

Leadership in the above mentioned areas aside, the biggest area of concern now is financial stocks.  Financials have been again noted as a worrisome area of weakness, meanwhile, Foreign Banks have shown up in increasing numbers during my screening efforts in recent months. Perhaps it is early to blame the newly passed "financial industry reform" measures, but the market has clearly been voting in favor of Foreign Banks while demonstrating an obvious uncertainty over Domestic Banks. While we will continue routinely following the technical action in the Bank Index and the Broker/Dealer Index, the most important thing to keep in mind is that the major averages have a greater likelihood of suffering deeper losses when financial shares are weak.  Right now, they are weak.

BIASED TRADING ON MAJOR EXCHANGES
It has been a long while since we last took a look at the advance/decline lines for the exchanges. The graphs below reveal an obviously better environment on the NYSE versus the Nasdaq.  If anything, this data argues that if given an choice and all other things were equal, investors odds are more favorable when going with a stock that trades on the Big Board.

WHAT CAN FUEL A NEW RALLY?
One well-respected analyst termed the 2009 rebound a "massive liquidity driven bull market" after global governments coordinated their policies to stabilize the financial markets. Corporations are still hoarding cash though. And individuals are not likely to be tempted any time soon by great Money Market and CD rates. So, the sum of it is that a tremendous amount of sidelined cash is ready and waiting to find a direction to start rushing. Let there be no doubt, if a robust follow-through day occurs, that sidelined cash could easily fuel a substantial and sustained rally in the stock market.

What about all of those predictions for slower growth and a possible "double dip" recession?  For what it is worth, the technical action in the major averages is more important to follow than all of those talking heads on television. It would be very telling if the market can manage to shake off the negative headlines and rally in the face of bad news.  This is all the more reason to be a believer and have a bias toward buying sound looking breakouts when the next follow-through day provides a new rally confirmation.

At the end of August the major averages were sputtering under their respective 50-day and 200-day moving average (DMA) lines. For the September issue we have nothing new to add, however the current list of 22 Featured Stocks includes 12 high-ranked leaders that are color coded yellow. Make sure that you are familiar with them!  In the days and weeks ahead we hope to see a solid follow-through day (FTD) be able to find more ideal buy candidates worthy of detailed analysis and possible action.  Please stay tuned to the daily reports, and watch for email notifications whenever new reports are published!

Color Codes Explained :
Y - Yellow - Better candidates highlighted by our staff of experts.
G - Green - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.
W - White designates that the stock has been dropped over the course of the month.  Refer to the associated notes for that stock for further explanation.

Quote details are snapshots of price/volume detail captured at the time the note was taken. 

Symbol/Exchange Company Name Industry Group	Last	Chg.	Vol % DAV	Date  Featured	Price Featured	Latest Pivot Point Featured
						Latest Max Buy Price
AAPL - NASDAQ Apple Computer Inc COMPUTER HARDWARE - Personal Computers	$249.64	-0.24	13,561,597 N/A	6/17/2010 (Date Featured)	$270.95 (Price Featured)	PP = $272.56
						MB = $286.19
Most Recent Note - 8/20/2010 Consolidating -10.5% below its 52-week high, a rally above its 50 DMA line and recent high near $266 is needed for its outlook to improve. Fundamentals remain strong, yet based on weak action it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2010. click here.
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ABV - NYSE Ambev (comp De Bebidas Adr) FOOD & BEVERAGE - Beverages - Brewers	$110.78	+3.01	462,072 70% DAV 662,000	6/29/2010 (Date Featured)	$104.74 (Price Featured)	PP = $109.33
						MB = $114.80
Most Recent Note - 8/31/2010 3:54:13 PM G - This Brazil-based beverage firm is poised for a new high close with today's gain. Found support near its 50 DMA line recently. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2010. click here.
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ARUN - NASDAQ Aruba Networks, Inc COMPUTER HARDWARE - Networking & Communication Dev	$18.70	+0.64	1,238,996 73% DAV 1,703,200	8/30/2010 (Date Featured)	$18.12 (Price Featured)	PP = $18.51
						MB = $19.44
Most Recent Note - 8/31/2010 12:18:56 PM Y - Hit a new 52-week high today, trading above its pivot point. Technically, its 8/27/10 gain with heavy volume helped it rally up the right side of a 5-week base during which its 50 DMA line acted as a support level. Confirming gains and a follow-through day for the major averages (M criteria) would be reassuring signs. 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.
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BIDU - NASDAQ Baidu.Com Inc Ads INTERNET - Internet Information Providers	$77.24	-2.13	6,702,156 61% DAV 10,995,200	7/14/2010 (Date Featured)	$75.03 (Price Featured)	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.
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CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$56.94	-2.73	24,601 46% DAV 53,800	7/29/2010 (Date Featured)	$52.04 (Price Featured)	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.
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CMG - NYSE Chipotle Mexican Grill A LEISURE - Restaurants	$147.82	-1.08	492,403 81% DAV 610,800	7/1/2007 (Date Featured)	$85.28 (Price Featured)	PP = $133.73
						MB = $140.42
Most Recent Note - 6/4/2010 12:29:07 PM Sales revenues increases have been in the +12-16% range in the past 5 quarterly comparisons while the C criteria is satisfied by earnings increases above the +25% guideline and it has a good annual (A criteria) earnings history. Pulling back today after hitting a new 52-week high but closing in the lower half of its intra-day range on 6/03/10. Approaching its ($155) all-time high after finding recent support near its 50 DMA line. Noted in recent mid-day reports -"rebounded considerably after a very deep correction, falling from $123 when it was dropped from the Featured Stocks list 1/7/08, to as low as $36 in November '08." >>> The latest Featured Stock Update with an annotated graph appeared on 9/1/2010. click here.
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CRM - NYSE Salesforce.com Inc INTERNET - Internet Software & Services	$109.17	-2.31	2,218,192 86% DAV 2,567,300	6/2/2010 (Date Featured)	$88.44 (Price Featured)	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.
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DTSI - NASDAQ Digital Theater Systems CONSUMER DURABLES - Electronic Equipment	$33.97	-0.66	98,883 N/A	7/27/2010 (Date Featured)	$37.00 (Price Featured)	PP = $36.28
						MB = $38.09
Most Recent Note - 8/13/2010 Completely negated its recent breakout and violated its 50 DMA line this week. It will be dropped from the Featured Stocks list tonight. The high-ranked Consumer Products - Electronic firm's latest quarter ended June 30, 2010 showed earnings -67% on -28% sales revenues versus the year ago period. The fundamental flaw in its earnings history is very disappointing with respect to the C criteria now, and its color code was changed to green. >>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2010. click here.
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EGO - AMEX El Dorado Gold Corp METALS & MINING - Gold	$20.03	+0.72	3,065,213 72% DAV 4,238,100	8/19/2010 (Date Featured)	$18.25 (Price Featured)	PP = $19.17
						MB = $20.13
Most Recent Note - 8/31/2010 12:24:36 PM Y - Gain today for a new 52-week high amid strong leadership (L criteria) in the group. The Canada-based mining firm triggered a technical buy signal last week. However, 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.
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FFIV - NASDAQ F5 Networks Inc INTERNET - Internet Software & Services	$87.20	-2.04	888,595 53% DAV 1,680,200	6/16/2010 (Date Featured)	$74.50 (Price Featured)	PP = $74.10
						MB = $77.81
Most Recent Note - 8/31/2010 3:50:06 PM G - Still consolidating in an orderly fashion. Its 50 DMA and recent lows near $80 define support. >>> The latest Featured Stock Update with an annotated graph appeared on 8/4/2010. click here.
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FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$48.56	+0.61	499,525 58% DAV 862,800	8/10/2010 (Date Featured)	$45.54 (Price Featured)	PP = $42.69
						MB = $44.82
Most Recent Note - 8/31/2010 12:28:02 PM G - Trading up today for an 8th consecutive gain, getting extended from any sound base. >>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. click here.
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GMCR - NASDAQ Green Mountain Coffee Roasters FOOD & BEVERAGE - Processed & Packaged Goods	$30.82	+0.64	4,402,267 193% DAV 2,281,400	8/17/2010 (Date Featured)	$33.62 (Price Featured)	PP = $33.30
						MB = $34.97
Most Recent Note - 8/31/2010 5:40:14 PM G - Solid gain today with above average volume, rallying up from 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.
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HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$20.76	+0.41	936,512 166% DAV 563,700	8/27/2010 (Date Featured)	$19.91 (Price Featured)	PP = $19.75
						MB = $20.74
Most Recent Note - 8/31/2010 6:16:34 PM Y - Hit a new 52-week high today with a gain on above average volume, closing near its "max buy" level. Gapped up on 8/27/10 after announcing news that it will acquire Bravo Health for $545 million, rallying from a short flat base as it was featured in the mid-day report. >>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2010. click here.
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MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software &; Services	$65.00	-1.38	229,743 22% DAV 1,038,800	5/13/2010 (Date Featured)	$54.21 (Price Featured)	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.
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MRX - NYSE Medicis Pharmaceutical A DRUGS - Biotechnology	$27.47	+0.54	722,958 63% DAV 1,153,300	8/12/2010 (Date Featured)	$26.88 (Price Featured)	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.
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MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments &; Supplies	$52.84	-1.14	23,880 31% DAV 78,100	7/29/2010 (Date Featured)	$52.05 (Price Featured)	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.
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NEM - NYSE Newmont Mining Corp METALS & MINING - Gold	$61.32	+1.40	7,702,892 103% DAV 7,491,100	8/31/2010 (Date Featured)	$61.32 (Price Featured)	PP = $63.48
						MB = $66.65
Most Recent Note - 8/31/2010 6:24:56 PM Y - Closed 61 cents off its 7/09/10 high close today with a gap up gain on average volume helping it rise further above its 50 DMA line. Color code is changed to yellow with new pivot point cited based on its 52-week high plus ten cents. Disciplined investors will watch for a confirming gain above its pivot with heavy volume and a follow-through day from one of the major averages. 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.
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NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$29.22	+0.64	164,397 197% DAV 83,400	7/22/2010 (Date Featured)	$27.19 (Price Featured)	PP = $27.87
						MB = $29.26
Most Recent Note - 8/31/2010 6:27:22 PM Y- Consolidating -4% off its all-time high, it posted a gain today with above average volume. 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.
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NETL - NASDAQ Netlogic Microsystems Inc ELECTRONICS - Semiconductor - Memory Chips	$27.67	-1.76	832,631 64% DAV 1,292,900	7/28/2010 (Date Featured)	$33.44 (Price Featured)	PP = $35.10
						MB = $36.86
Most Recent Note - 8/10/2010 Slumping under its 7/30/10 low ($28.27) with a considerable loss today, raising more serious concerns while approaching its 200 DMA line and earlier chart lows. Based on weak action it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 7/28/2010. click here.
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NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music & Video Stores	$123.54	-2.56	2,318,497 53% DAV 4,393,800	8/10/2010 (Date Featured)	$124.05 (Price Featured)	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.
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PAY - NYSE Verifone Holdings Inc COMPUTER HARDWARE - Transaction Automation Systems	$24.15	-0.76	1,023,118 85% DAV 1,206,700	8/25/2010 (Date Featured)	$24.30 (Price Featured)	PP = $23.74
						MB = $24.93
Most Recent Note - 8/31/2010 3:39:09 PM Y - Pulling back today from its 52-week high, its color code is changed to yellow while consolidating under 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.
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ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE & SERVICES - Security Software & Services	$43.31	+1.26	874,366 77% DAV 1,134,400	8/31/2010 (Date Featured)	$43.31 (Price Featured)	PP = $45.06
						MB = $47.31
Most Recent Note - 8/31/2010 3:43:19 PM Y - Rallying up from support at its 50 DMA line. Color code is changed to yellow with new pivot point cited while building a base-on-base type pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2010. click here.
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SHOO - NASDAQ Steven Madden Ltd CONSUMER NON-DURABLES - Textile - Apparel Footwear	$34.42	-1.47	248,715 58% DAV 430,000	8/5/2010 (Date Featured)	$39.55 (Price Featured)	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.
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SLW - NYSE Silver Wheaton Corp METALS &; MINING - Silver	$23.25	+0.39	3,297,986 71% DAV 4,613,700	8/25/2010 (Date Featured)	$21.40 (Price Featured)	PP = $21.99
						MB = $23.09
Most Recent Note - 8/31/2010 12:38:47 PM Y - Hit another new all-time high today amid strength in the group, trading near its "max buy" level. The M criteria remains 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.
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THOR - NASDAQ Thoratec Corporation HEALTH SERVICES - Medical Instruments & Supplies	$37.62	+0.97	673,331 61% DAV 1,112,200	6/3/2010 (Date Featured)	$44.38 (Price Featured)	PP = $45.35
						MB = $47.62
Most Recent Note - 8/3/2010 Small gain today on lighter volume. It will be dropped from the Featured Stocks list tonight. It faces a lot of overhead supply since the previously noted damaging gap down on 7/30/10 triggered technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 8/3/2010. click here.
C A N S L I M | StockTalk | News | Chart | SEC View all notes Alert me of new notes CANSLIM.net Company Profile ZACKS
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$22.18	-0.79	448,194 N/A	8/4/2010 (Date Featured)	$24.90 (Price Featured)	PP = $26.85
						MB = $28.19
Most Recent Note - 8/13/2010 Losses this week led to a 50 DMA line violation and raised concerns. Based on weak action it will be dropped from the Featured Stocks list tonight. Prior lows and its 200 DMA line define important support in the $21-22 area. >>> The latest Featured Stock Update with an annotated graph appeared on 7/19/2010. click here.
C A N S L I M | StockTalk | News | Chart | SEC View all notes Alert me of new notes CANSLIM.net Company Profile ZACKS
VIT - NYSE Vanceinfo Tech Inc Ads COMPUTER SOFTWARE & SERVICES - Business Software & Services	$29.27	+0.78	458,782 82% DAV 561,700	7/8/2010 (Date Featured)	$25.20 (Price Featured)	PP = $26.58
						MB = $27.91
Most Recent Note - 8/31/2010 12:47:03 PM G - Hitting another new all-time high today. Gain on 8/27/10 with +50% above average volume helped it rally to a new all-time high and close above its "max buy" level. Color code was changed to green. No resistance remains due to overhead supply. >>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2010. click here.
C A N S L I M | StockTalk | News | Chart | SEC View all notes Alert me of new notes CANSLIM.net Company Profile ZACKS
WCRX - NASDAQ Warner Chilcott Plc DRUGS - Drug Manufacturers - Other	$28.58	+0.36	5,727,145 357% DAV 1,604,600	8/23/2010 (Date Featured)	$29.54 (Price Featured)	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.
C A N S L I M | StockTalk | News | Chart | SEC View all notes Alert me of new notes CANSLIM.net Company Profile ZACKS

Mark your calendars and get ready for the Q3 2010 CANSLIM.net Webcast which is scheduled for 8PM EST Wednesday, September 29, 2010.  During these quarterly webcasts we summarize current market conditions and illustrate some of the recent leadership areas that have been identified. We demonstrate the latest market action by touring the new dynamic archives where all pay reports are collectively posted, and we drill down into some of the reports where key turning points occurred which may likely have impacted investors' stance with respect to the M criteria of the fact-based system.  

Many active members failed to view the Q2 Webcast which aired on June 30th (view here) and we encourage you to view these webcasts when they air or immediately afterward on demand.  Links to past webcasts are included among the archives on the "Premium Membership Reports" page accessible via the top green navigation bar.  QUESTIONS? - Please use the inquiry form to submit any questions you would like to have answered during the upcoming Q3 Webcast. We will be sure to cover these Q&A topics in the webcast or if necessary contact you directly with answers.