This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stock Charts You've Got to See to Believe

BALTIMORE ( Stockpickr) -- Europe's latest meltdown couldn't have come at a better time for Mr. Market.

That may seem like a strange thing to say. After all, the European austerity protests have been a big part of the five straight days of decline that the S&P 500 has been put through. But in the context of the rally that's been running hard since June, this correction couldn't have been timelier.

>>5 Stocks Set to Soar on Bullish Earnings

We've got to keep recent market action in context after all: The S&P is up more than 14% this year, most of that since the beginning of June. And even more significantly, the rally has been orderly. By that, I mean that the S&P has been bouncing higher in a well-defined trend channel that gives traders a much better handle on the market's likeliest moves. With Europe starting to unravel at the exact same time that Mr. Market was starting to correct back down to the bottom of the channel, the market's in a good position to rebound into October.

After all, negative headlines could take the wind out of a rally attempt. Instead, the S&P is right at trend line support as I write, ready for a bounce higher.

That's why we're turning our focus to trading opportunities in a handful of charts this week. If you're new to technical analysis, here's the executive summary.

>>5 Blue-Chip Stocks Ready for Buyers

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, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at the charts of five high-volume stocks ready to move higher.  
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AAPL $93.24 -0.41%
AMT $106.31 0.76%
FB $117.81 -0.21%
HNP $28.15 0.82%
PPG $108.58 -0.01%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs