The S&P 500 is quietly testing new all-time highs this afternoon, a status that's become pretty standard in recent months.
Then again, it's actually a condition that's pretty standard for stocks in the long term, too. Between 1950 and 2013, the S&P spent nearly half of its trading sessions either at all-time highs or within just 4% of them. The important takeaway here is that this market could have a lot higher to go in 2017.
More importantly, big stocks have been leading the charge this year. And those same big stocks look primed to hand investors the biggest gains as we head toward the summer months.
To figure out which large-cap names you should have in your portfolio in June, we're turning to the chart for a technical look at three huge stocks that are breaking out -- and when you should buy them.
First, a quick note on the technical toolbox we're using here: Technical analysis is 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.
Over on Real Money, Jim Cramer gives advice to investors looking at how to play the Trump Trade. Get his insights or analysis with a free trial subscription to Real Money.
Here's this week's look at three big stocks to trade.