Stockpickr) -- The QE3 hope game continues this week, after yesterday's
Fed minutes sent investors poring over the transcripts for hints at another round of easing.
That QE3 carrot has been dangling in front of investors for a while now, giving some hope to an investing public that's clearly losing faith in stocks. But while drama has ruled the financial headlines in 2012, anxious investors have been missing a colossal rally from the start of June until now. I'm not convinced that QE3 -- or any kind of easing, for that matter -- is such a good thing for investors right now.
I've already shown how the next round of quantitative easing is probably based on a hard number rather than some "feeling" at the FOMC.
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If nothing else, this summer's rally proves that investors don't need easing to spark a rally in stocks, especially if they're looking cheap relative to a handful of valuation metrics and strong from a technical standpoint.
plowing to new 52-week highs this week, investors had better get the message that it's time to buy right now. That's why we're taking a technical look at five huge stocks that could slingshot higher from this rally.
If you're new to
, here's the executive summary.
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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