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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TheStreet Open House

5 Huge Stocks That Could Slingshot Higher

M&T Bank

M&T Bank (MTB) is one of the more attractive big regional banking names in the country, and it shows; from a technical standpoint this bank stock looks primed to make a move higher. Right now, M&T is forming an ascending triangle setup, a price pattern that says "buy" on a move above $88.

In short, an ascending triangle is formed by a horizontal resistance level (in MTB's case at $88) and uptrending support. As shares bounce in between those two technical levels, they're getting squeezed closer and closer to resistance above $88. Once that happens, buying MTB becomes a high probability trade.

>>10 Bank Stock Value Picks

MTB's ascending triangle is a textbook example of the pattern. Shares hit their head on $88 resistance the last three times they attempted to move above that level, and uptrending support (read buying pressure) has been in place since the June bottom.

Sliding volume over the course of the pattern is a good thing. We'll want to see a volume spike when the breakout happens. That means that buyers are participating in the move.

M&T, one of Warren Buffett's holdings, also shows up on a list of 5 Bank Earnings Winners From Jefferies.

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