BALTIMORE (Stockpickr) -- The market is pointed higher this morning. It doesn't hurt that the biggest company on the planet added $40 billion to its market cap over night, but Apple (AAPL - Get Report) isn't alone in looking spectacular this morning. In fact, as I'm about to show you, the money hasn't even been made in AAPL yet.
Mega-cap stocks -- the top tier of publicly traded companies by market capitalization -- have been enjoying a strong run in the last couple of months. That relative outperformance isn't likely to wear out anytime soon either; investor anxiety is still high, and Wall Street's biggest names still offer a perceived safety net right now.
More important, they offer a flight to yield at a time when rates aren't behaving the way certain central bankers said they would.
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So, to take full advantage of the blue-chip buying, we're taking a technical look at five of Wall Street's biggest stocks.
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.
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.