BALTIMORE ( Stockpickr) -- It's Thursday -- and that means economic data will be at the forefront of today's market action. From this morning's jobless data to the Fed's leading indicators to a slew of companies' earnings data, expect today's market direction to be seriously impacted by the deluge of data hitting Wall Street.
With an uptick in volatility also taking place this week, traders are capitalizing on the increased moves that stocks sporting. To eke maximum gains out of the market, they're turning to the technicals.
Technical analysis uses a stock's price movements to determine where shares are headed in the future. Technical charts are used every day by proprietary trading floors, the Street's biggest financial firms and individual investors to get an edge on the market. And according to some sources, skilled technical traders can bank gains as much as 90% of the time.Here's this week's look at how some of the biggest names on Wall Street are trading technically.