5 Big Stocks Ready to Slingshot Higher

BALTIMORE ( Stockpickr) -- Yesterday, Fed Chairman Ben Bernanke used two of his most powerful weapons: allusion and ambiguity.

Investors had been watching the Fed's actions closely -- after all, with the economy slowing, could we be getting the signal that the Fed is going to kick off QE3? If you ask me, it wasn't likely. In fact, it wasn't likely back in June either, when analysts seemed sure that QE3 was around the corner.

But rather than tip his hand, and show that another round of stimulus wasn't coming, Bernanke opted to suggest, imply, and hint at the possibility that QE3 will be coming around the corner when and if it's needed. You can't blame the man for using the only tools he has right now - just don't fall for the QE3 hype on the next go-around.

>>5 Blue-Chips Ready to Boost Dividends

We don't need QE3 to push stock prices higher right now. In fact, the market's been moving up in a stealth rally since the start of June. Today, we'll look to take advantage with a technical look at five huge names.

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 Hated Stocks Set to Soar on Earnings

Every week, we take an in-depth look at big names that are telling important technical stories. Here's this week's look at the technicals of five high-volume stocks ready to move higher.five huge names

If you liked this article you might like

Smaller Oil Outfits' Prospects Energize Me

Dow Explodes, Apple Ahead - 5 Things You Must Know Before the Market Opens Tuesday

Devon Energy's Steep Slide Appears Over

Tesla and Apple Better Deliver Big-Time or Look Out Below -- Week Ahead