BALTIMORE (Stockpickr) -- "Don't make me pull this car over," scolded Fed Chair Janet Yellen, warning of rate hikes and stimulus cuts on the horizon (but this time for real).
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No, the Fed meeting yesterday afternoon didn't come with any bombshells. After a little squirt of intraday volatility after the press conference, all three big indices ended Wednesday's session within a few basis points of where they were just before 2 p.m., when the meeting began. But if more of the same rhetoric from the Fed means more of the same in the equity markets, that's a good problem to have. Recall that stocks have been on a tear in the last few years -- and a very tradable one at that.
So to take advantage of a "more of the same" market, we're taking a technical look at five big-name stocks to trade for gains 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 five high-volume stocks to trade this week.
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