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Stockpickr) -- The government shut down happened. Yesterday's jobs numbers from ADP were garbage. And if members of Congress can't figure out a way to deal with their "frenemies" across the aisle, we'll be staring down the possibility of a historic default on the national debt.
>>5 Stocks Set to Soar on Bullish Earnings
Yeah, it's a scary time to be a stock investor right now. But then again, when isn't it?
Ignore all of those headlines for a minute, and "now" isn't quite so different from "then." The fact remains that there are still some big tailwinds pushing this market along. And there are some tradable setups popping up in some of the biggest names on Wall Street right now.
We're taking a closer technical look at five of them today.
If you're new to
technical analysis, here's the executive summary.
>>5 Trades to Take for October Gains
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 this week.