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But she's not exactly shocking anyone with her testimony. Yellen is in favor of QE? She supports Bernanke's policies? The faucet stays on for another four years?
Still, stocks are getting boosted as investors salivate over the prospect of more cash flowing into the system. As a trader, who am I to judge? Instead, I'm taking a technical look at
five big names that look tradable this week.
If you're new to
technical analysis, here's the executive summary.
>>Why You Should Buy Hedge Funds' 5 Favorite Stocks
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.