BALTIMORE (Stockpickr) -- Think the summer roller coaster for the S&P 500 is over? Think again.
Everyone's favorite index has been hemming and hawing since it bottomed in early June -- and quietly building an orderly 8% rally in the process. Yesterday, The S&P closed lower. This morning, it's pointed higher. And it's all essentially been for "no reason."
So what does that mean for you as an investor when stocks are moving without a reason?
Well, in reality, there's always a reason. Lately, there just hasn't been a single reason for stocks' up and down. Instead, it's been the result of earnings impacting a slew of names this month, and external factors like the eurozone having differing effects on individual investors' risk tolerances. Even though these sorts of markets can be tough to navigate, they're the perfect example of where technical analysis shines.And with the rally still in tact for the broad market, the onus is on the buyers this week. That's why we're taking a technical look at five massive stocks that look ready to slingshot higher. >>5 High-Yield Stocks Ready to Boost Dividends Again If you're new to technical analysis, here's the executive summary. Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time. Every week, we take an in-depth look at big names that are telling important technical stories. Here's this week's look at the technicals of five high-volume stocks ready to move higher.
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