BALTIMORE ( Stockpickr) -- As stocks hover around all-time highs this week, you'd be forgiven for wondering, "What's next?"
Must Read: Warren Buffett's Top 10 Dividend Stocks
After all, a new high-water mark for the stock market may look good for your existing portfolio, but it's hard to trade from here. And after a 10% rally in the S&P 500 in just the last three weeks, it's only normal to wonder how much further this momentum move can go. Despite the size of this big move, there are still some big breakout trade opportunities popping up this week.
So today, we'll take a technical look at five large-cap stocks to trade for gains…
First, a little on the technical toolbox we're using here: 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 big stocks to trade this week.
Must Read: 10 Stocks George Soros Is Buying