BALTIMORE ( Stockpickr) -- If it feels like Mr. Market has been here before, it's because he has. Stocks are in make-or-break mode for a second Thursday in a row, after bouncing hard at the end of last week. The S&P 500 and the Dow Jones Industrial Average are both touching key support levels this morning.
Nothing like a little bit of drama to keep investors interested in the most hated rally in history, right?
This is a "ping-pong market." Stocks have been bouncing off of support and resistance levels all the way up, and investors are getting trading opportunities all the while. So today we'll take a look at five new technical trades heating up in five huge stocks.If you're new to technical analysis, here's the executive summary. >>5 Hated Earnings Stocks That Deserve Your Love 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. >>5 Rocket Stocks to Buy After Last Week's Bounce