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For investors, that fact has more significance than just which page to flip your calendar to. So far, 2013 has been the year of "new month, new market" -- and now, with the
S&P 500 squarely below its 50-day moving average for the first time since this rally started, investors need to be asking what July trading has in store.
Despite the upside that stocks have enjoyed over the past two trading sessions, the uptrend that started in November is clearly broken at this point. That makes more downside look a whole lot more likely for July.
But not everything has the same positioning right now. In fact, some of the biggest names on Wall Street are showing a very different outlook for investors in the month ahead. That's why, today, we're taking a technical look at
five critical charts.
>>5 Toxic Stocks You Need to Sell Now
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
five high-volume stocks to trade.
>>5 Stocks the Pros Love This Summer