BALTIMORE ( Stockpickr) -- It's a market of stocks, not a "stock market."
As overused as that phrase may be, there's some truth to it. And as we approach the first trading session in March, we're seeing some stellar examples of why paying attention to that market of individual stocks could save your portfolio's performance in 2013.
As I write, the S&P 500 is up 6.3% on the first two months of the year. No matter how you slice it, that's some stellar performance, especially if that market momentum can hold strong as 2013 progresses. But not all stocks are taking full advantage of the rally. In fact, some of the biggest names are looking downright scary right now -- and investors who think they're getting market-matching performance out of those names are going to be unpleasantly surprised.So today we're taking a technical look at the bearish price setups forming in five of the biggest names on Wall Street. If you're new to technical analysis, here's the executive summary. >>5 Stocks With Major Insider Buying 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 to trade for gains. >>4 Reasons to Buy Stocks in 2013