BALTIMORE ( Stockpickr) -- After a strong day of selling yesterday, the S&P 500 is down a "whopping" 1.3% in December. Not quite the bloodbath for stocks that it's been made out to be.
So even though stocks are pointed slightly lower this morning, it's a little premature to start panicking about the staying power of this rally.
Despite a fairly flat start to the month, history typically sits on the side of the bulls in December. In fact, it's worth noting that it's been more than five decades since a rally has ended during the final month of the calendar year. And sure enough, we're seeing some big trading opportunities starting to perk up in some of the most actively traded stocks on Wall Street. That's why we're taking a technical look at five big-name trades to take this week.>>5 Stocks Insiders Love Right 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. >>Buy the Dips: This Bull Market's Not Over 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV