BALTIMORE ( Stockpickr) - It's "Data Thursday," and that means that a handful of new key economic numbers could be a big catalyst for big stock price moves today.>>5 Stocks Setting Up to Break Out On the deck for today, we've got everything from housing and jobs numbers this morning to Federal Reserve stats slated to hit Wall Street this afternoon. And since it's earnings season, there's an even bigger pile of data that could impact market prices for this trading session. I think that Mr. Market's current position looks unabashedly bullish - but I won't belabor the point today (you can get my longer-term take here). Instead, I want to let the stocks speak for themselves with a technical look at five big tradable charts that could pad your portfolio this month... 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 Earnings Stocks Poised to Pop 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. Lowe's
Twitter and become a fan on Facebook.