5 Big Stocks to Trade for Gains

BALTIMORE (Stockpickr) -- The markets continue to be driven by governmental missteps this week, as Italian debt worries, U.S. debt worries and now the potential for increased Fed stimulus all get priced into stocks.

Now traders are left wondering which of those news items will win the tug of war.

News that the Fed could pump up stocks with another round of quantitative easing -- in other words, QE3 -- reversed the market's downward trajectory at the start of yesterday's trading session. But even through Wall Street is reacting well to speculation that Chairman Bernanke could whip out the Fed's wallet again, the move may not be necessary as far as stocks are concerned.

From a technical standpoint, the S&P 500 has been showing important signs of strength in the last couple of weeks. As a result, we're getting some impressive trading setups in shares of some of Wall Street's biggest stocks right now.

Related: 5 Gold Miners to Benefit From QE3

In case you're not familiar with technical analysis, 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 by some measures, skilled technical traders can bank gains as much as 90% of the time.

Every week, we take an in-depth look at large-cap stocks that are telling important technical stories. Here's this week's look at the technicals of five must-see stocks.