5 Big Stocks to Trade This Earnings Season

BALTIMORE ( Stockpickr) -- Listen to the tone on Wall Street for a few minutes and it's easy to forget that we're still sitting on a 14% year for the S&P 500 right now.

Analysts are predicting a drop in profits this earnings season, the first since investors climbed out of the financial crisis. This isn't a new thing -- since March, analysts have turned their earnings estimates lower for the whole broad market, underestimating actual earnings that have continued to move materially higher since the start of the year.

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But earnings season has the effect of being a big reality check for investors -- and just as earnings beats have helped to fuel the rally that's been shoving stocks higher since June, another quarter of Wall Street surprises should help to spur tradable moves in both directions. That's why we're keeping close tabs on what's going on technically in the big-name stocks right now.

Today, I'll show you five big stocks to trade for gains.

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.

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Every week, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at the charts of five high-volume stocks to trade for gains.  

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