BALTIMORE (Stockpickr) -- Another trading session, another new all-time high in the big stock indexes. The high water mark for equities has been getting reset so frequently in the past couple of weeks that it's not even making headlines anymore. But stock picking still matters in this market; we're still far from the kind of irrationally exuberant market where you can buy anything and make money.
Instead, it still makes sense to stack the deck in your favor with the names that are likely to perform the best. To find them, we're turning to the charts for a technical look at five big-name setups to buy 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. >>5 Tech Stocks to Trade for Gains 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.
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