5 New Technical Setups for the Week

BALTIMORE (Stockpickr) -- A quiet start to the week isn't providing much in the way of guidance for traders right now -- particularly after the abrupt selloff in commodities that took place last week. The S&P 500 climbed a moderate 0.45% during Monday's trading session even as continued fiscal problems in Greece are complicated by a now lower debt rating for the Mediterranean nation.

And here at home, a 1-for-10 reverse split in the NYSE's most heavily traded stock, Citigroup(C), has significantly reduced the number of individual shares that trade hands on any given day on the big board. That'll be something market observers should keep in mind as they look at trading data coming from the exchanges.

Meanwhile, our focus remains on specific technical trading opportunities this week, despite the somewhat docile nature of the markets right now.

Related: 5 Stocks Poised to Break Out

Remember, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's chart patterns and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.

Here's a look at this week's potential trades.