BALTIMORE ( Stockpickr) -- This is it. When the closing bell rings this afternoon, the books are closed for 2013. And what a year it's been.
In the last 12 months, the S&P 500 index has made its way 29.09% higher as of this morning's open, pushing up to new highs in the process. Indeed, investors will have something to celebrate when they pop the champagne at midnight tonight. But some magical switch isn't getting flipped just because the calendar is turning a page on Wednesday. So while most folks have already cut out early to ring in the new year, they're leaving money on the table.
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That's why we're taking a closer look at five technical trades to take before the end of the year.
If you're new to technical analysis, here's the executive summary.
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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.
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