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5 Trading Setups With Upside This Week

BALTIMORE ( Stockpickr) -- The bull market rampage keeps on keeping on in May, after a correction last week gave way to another round of buying on Monday. All told, it's been more than 100 days since the last three-day losing streak in the Dow, an all-time record that the blue-chip index managed to pull off (albeit just barely) after clawing its way higher before last Friday's close.

If you think that the lack of losing days in stocks is a reason to be a seller, think again. This is one of the most hated market rallies in history, and stocks are climbing in spite of a lack of active buyers -- not because of exuberant stock bulls.

>>5 Stocks Poised to Pop on Bullish Earnings

Instead, this rally looks structural right now. It's being fueled by a combination of the Fed's battle with deflation and a selling population that's already given up the ghost. That's why, as buying opportunities pop up in names right now, it makes sense to keep buying.

Today we'll take a technical look at five stock trades that look attractive.

For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action 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.

>>5 Rocket Stocks to Buy as Stocks Bounce

So without further ado, let's take a look at five technical setups worth trading now.
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