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TheStreet Open House

5 Big Stocks to Trade for Gains

BALTIMORE ( Stockpickr) -- Not surprisingly, what started off as a slow week is ramping up following high-profile earnings announcements (including Apple's (AAPL) new record earnings), economic data and speculation that Ben Bernanke and the Fed could start another bond buying spree in 2012.

As more eyes start turning to Mr. Market, investors should expect volatility to rear its head again. Remember, markets have been fairly controlled so far in 2012, despite the fact that drama from Europe and economic data releases continue to hit Wall Street on a daily basis. The big conclusion to draw from that is that by and large, though, stocks are moving based on technicals this month.

>>5 Earnings Stocks Set for a Squeeze

With the S&P 500 still shoving its way above former resistance at 1290, that's not such a bad thing - even better, high correlations mean that there are some attractive technical analysis-driven setups in a handful of Wall Street's biggest stocks right now.

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 large-cap stocks that are telling important technical stories. Here's this week's look at the technicals of five must-see stocks.

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