5 Charts Showing a Year-End Stock Bounce

BALTIMORE ( Stockpickr) -- A skeleton crew is keeping watch over Wall Street today, while the rest of America herds into mile-long lines at the mall.

>>5 Stocks Insiders Are Snapping Up

Black Friday's half-day of trading is typically a light volume day for Mr. Market, and that's likely to be the case this year too. But it's what happens after Black Friday that's worth keeping a close eye on -- historically, the final month and change of the year often comes with a year-end bounce higher for stocks.

In 2012, we're starting to see that shape up in the S&P 500: the big index slammed hard against support at 1350 late last week, rallying back above the 200-day moving average on Monday. That support level coincides with a 61.8 retracement of the June through September rally in stocks, an important level for traders who rely on Fibonacci levels.

The fact that the S&P's pullback has been orderly for the last couple of months is significant. And now, we're seeing bottoming in a large number of individual names -- but we're not focusing solely on upside today.

>>5 Dividend Stocks Itching to Pay You More

Instead, we're leveraging new interest in the market by taking a technical look at five big names that are tradable this week.

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.

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.

If you liked this article you might like

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone

Google's $1.1 Billion Deal With HTC Is All About the People

Markets Recede From All Time Highs on Tech Selloff

How to Make a Deal Like Billionaire Investor Warren Buffett