BALTIMORE ( Stockpickr) -- Light trading is the name of the game this week as the holiday weekend and remnants of the weekend's East Coast snowstorm wreak havoc on the market's normal trading rhythm.
Although a slew of economic data is slated to be released to end 2010, the fact that trading volume for most indices is only around half of its average levels is pretty hard to ignore right now. As a result of that lighter volume, expect traders to avoid pulling the trigger on most stocks.
But while trading will be left up to the few this week, that doesn't mean it's time to become lazy when looking at trade setups. After all, with a return to normalcy kicking off with 2011's first trading day next Monday, there should be ample opportunity to make up for Wall Street vacations. To make the most of those, we're once again turning to the technicals for a group of promising setups.