Stockpickr) -- It's a big day for stocks, whether it feels like one or not. Thanks to tomorrow's Good Friday's market reprieve, today is the last market session in March, and more important, the final trading day of the first quarter.
As I write, the
S&P 500 also happens to be within 0.15% of hitting its all-time closing high from back in 2007 -- we're talking a measly 2.3 points in the big index, here. That means that equity prices are practically a rounding error away from ending higher than they've ever been before. If that doesn't make today a potentially big day for stocks, nothing does.
>>5 Trades Getting Ready to Pop
That's why we're taking a closer technical look at the trading setups in
five of Wall Street's biggest namestoday. If you're new to
technical analysis, here's the executive summary.
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
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