5 Stock Trades for S&P 1,700

BALTIMORE ( Stockpickr) -- You hear that? It's the sound of the stock market tearing its way up to yet another session of new highs.

As I write, the S&P 500 is up more than 16% year-to-date -- and the big index is within grabbing distance of 1,700. The S&P could be sitting on top of that psychologically important round number by the time summer rolls around. Or sooner.

>>5 Toxic Stocks to Sell in May and Go Away

There's still a lot of upside left in this market. Both technically and fundamentally, this market's bias is toward making higher highs, even if it's arguably the most mistrusted rally we've seen in generations. Investor mistrust or not, Fed machinations make this a more structural rally -- it's got staying power.

And that's creating some serious trading opportunities in Wall Street's biggest stocks.

Today, we'll take a technical look at five big stocks worth trading in May.

>>5 Stocks Insiders Love Right Now

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 five high-volume stocks to trade for gains.

>>5 Stocks Poised to Break Out

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