BALTIMORE (Stockpickr) -- Portugal, the Middle East and earnings season, oh my! As investor anxiety ramps up to 11, the news cycle is taking its toll on the value of your portfolio. Already, this week weighs in as the four-biggest decline weeks in 2014 for the broad market.
And it's not even over yet.
There are plenty of factors weighing on stocks this week, but none are quite as clear-cut as the technical picture in the S&P 500. Put very simply, risk clearly eclipses reward in the S&P's price action right now, and stocks look due for a correction -- a more meaningful one than that 1% drop we've experienced since Monday.But some names are due for a whole lot more than a correction this month. In fact, some stocks could be downright toxic to your portfolio's health this summer. Today, we're taking a technical look at five big names you should sell. >>5 Stocks Under $10 Set to Soar Just to be clear, the companies I'm talking about today aren't exactly junk. By that, I mean they're not next up in line at bankruptcy court. But that's frankly irrelevant; from a technical analysis standpoint, sellers are shoving around these toxic stocks right now. For that reason, fundamental investors need to decide how long they're willing to take the pain if they want to hold onto these firms in the weeks and months ahead. And for investors looking to buy one of these positions, it makes sense to wait for more favorable technical conditions (and a lower share price) before piling in. For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution. >>5 Stocks Insiders Love Right Now So, without further ado, let's take a look at five "toxic stocks" you should be unloading.