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Must-See Charts: 5 Big Stocks to Buy for Tactical Gains

Stocks in this article: IBNAAPLMCVXMRK

 

BALTIMORE (Stockpickr) -- It's time to get tactical. Whether you're a trader or a buy-and-hold investor, adding a tactical element to your portfolio can boost your gains and reduce risk -- especially now, with the broad market scraping up against new all-time highs for another week.

Trading tactically means loading up on high-probability setups for the current market conditions. Even though the big indices have mostly dragged sideways for the last month, there's no shortage of attractive trading setups in the individual names right now.

To get tactical, we're turning to the technical charts today for a closer look at high-probability trading setups in five large-cap stocks .

If you're new to technical analysis, here's the executive summary.

Read More: Warren Buffett's Top 10 Dividend Stocks

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.

Read More: 8 Stocks George Soros Is Buying

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DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%