From Jeff Clark in Growth Stock Wire:

Stocks are storing up energy for another big move.

For the past two weeks, the S&P 500 has been confined to a tight trading range between 1,332 on the upside and 1,305 on the downside. The lack of activity has frustrated both bulls and bears, and has coaxed some of the best traders I know off their trading desks and onto the golf course.

"Why should I waste time staring at my quote screen," my friend Jim asked me, "when I get more action out of my 3-wood?"

By the look of the following chart, however, Jim might want to put his clubs back in the bag. The S&P is nearing an inflection point. And when it breaks, it's going to break big.

Take a look…

Read full article (with chart)...

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