BALTIMORE ( Stockpickr) -- Congress pulled the knife off of its own throat on Wednesday with a predictable budget deal that kicks the can down the road for a few more months. Then we get to do it all over again!
But for now, the gaping risks of a government default on the national debt are gone -- and markets are reacting with relief. That's actually pretty good timing as earnings season kicks into high gear and stocks move into what's historically the best time of the year.
Regardless of what's going on in the big picture, though, some of the biggest individual names on Wall Street are showing investors some tradable setups. Today, we're taking a closer technical look at five of them.If you're new to technical analysis, here's the executive summary. Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time. >>5 Rocket Stocks to Buy This Earnings Season Every week, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at five high-volume stocks to trade this week.