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.

And 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.

>>5 Unloved Stocks to Crush the S&P

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.

With the S&P 500 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 technical analysis, here's the executive summary.

>>5 Blue-Chips Ready to Boost Dividends

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 ro"/>

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5 Huge Stocks That Could Slingshot Higher


Let's start with a holdover from last week, Apple (AAPL - Get Report).

When we last checked in with Apple, the firm was testing resistance at $640 after pushing through two more intermediate resistance levels. $640 was a critical level for the stock -- it served as a major stumbling block for shares earlier this year when selling pressure from investors taking gains completely sapped any demand for shares and sent the stock lower. That's why it was such a big deal when Apple closed above $640 for the first time on Friday. That breakout was a buy signal for shares.

>>4 Stocks to Buy and Forget for 4 Years

For fundamental buy-and-hold investors, it may seem anti-intuitive to wait to buy a stock like Apple after it's gotten more expensive by moving through $640. But remember, $640 was a price where there'd previously been a glut of selling pressure. Until this stock could catch a bid above that price, the likeliest outcome of another test of $640 was a reversal lower as more sellers took gains. But buying this $640 breakout, investors have an opportunity to buy knowing that the glut of selling pressure has been absorbed by increasingly eager buyers.

The traders' mentality as simple as this: I'm happy to buy a stock when it gets more expensive, as long as it continues to get more expensive before I sell it. Apple fits that bill perfectly right now. If you decide to buy here, I'd recommend a protective stop just below the 50-day moving average.

Apple, which was featured yesterday in " 5 Tech Stocks Rising on Big Volume," also shows up on a list of 4 Tech Stocks Set to Shine.
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