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5 Big Trades to Conquer a Correcting Market

Stocks in this article: BRK.BSPYMSFTMRKCMCSA

 

BALTIMORE (Stockpickr) -- Buckle your seat belts, folks. If this morning's early price action is any indication, investors are in for a rough ride. And an overwhelmingly positive earnings season isn't doing much to stop it.

>>5 Stocks Hedge Funds Love This Summer

So far, the early earnings results look good. Of the S&P 500 companies that have already reported their numbers, nearly 70% have posted positive earnings and sales surprises. But the broad market continues to look top heavy, and investor anxiety remains high. Frankly, being within grabbing distance of all time highs in the big stock indices doesn't change the fact that now is a difficult time to be an investor.

That doesn't mean that you've got to take your lumps as the market moves lower. Today, we're turning to five big technical trades that look primed to outperform as Mr. Market stumbles.

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 Stocks Set to Soar on Bullish Earnings

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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DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%