) -- The drama surrounding the government shutdown held a gun to Wall Street's head to start the week.
Well, kinda, sorta
>>5 Stocks Under $10 Set to Soar
Stocks actually held their ground pretty well in spite of yesterday's headlines. And the sky isn't falling today either.
In fact, looking back on a historical basis since 1976, research from Bank of America Merrill Lynch's Equity and Quant Strategy group shows that markets tend to perform well in the wake of a government shutdown threats on Capitol Hill. The timing is pretty good too: "New month, new market" has been stocks' mantra all year long. So investors should brace themselves for more of the same now that October trading kicked off at the opening bell this morning.
To take full advantage of a change in trend, we're taking a technical look at five stock trades worth trading this week.
>>5 Big Trades to Take Right Now
For the unfamiliar,
is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
So, without further ado, let's take a look at
five technical setups
worth trading now.