) -- It ain't over till it's over, as they say. In this case, I'm talking about the market correction that kicked off with Japan's market meltdown last week.
Even though the
has given back 2.3% from last week's highs, there's still some room to the downside for Mr. Market right now, a fact that's becoming more evident thanks to the relative weakness we're seeing in more of Wall Street's biggest names. Then again, it's important to look at the correction we're in with some perspective; a 2% retracement isn't exactly a big move for a market that's still up 15.5% since the calendar flipped over to 2013.
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But for investors looking to maximize their performance this year, the market's strength signals are worth heeding. After all, a correction in a major index can be caused by a crash in a smaller group of individual stocks. Overall, I still think that this broad market rally has the fundamental and technical legs to keep climbing higher -- but I also think that it makes sense to put your finger on the "sell" button for the individual stocks that are looking winded right now.
That's why we're taking a technical look at
five big stocks
worth selling now.
If you're new to
, here's the executive summary.
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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
five high-volume stocks to trade
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