BALTIMORE (Stockpickr) -- While the rally of 2010 has been steaming along for long enough to send contrarian alarms ringing, it might not be time to hunker down for a big correction just yet -- across the board, the short term technicals are pointing toward a bullish (or at least neutral) outlook to end the final week in March. But a few stocks are setting up for a more compelling trade, so as usual, let's take a look at this week's technical set-ups.

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.

Let's face it, though -- sometimes investors don't know where to start. That's why, every week, Stockpickr takes a look at stocks that could be staging a technical move soon and compiles a portfolio of promising Technical Setups.

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

Shares of Advance Auto Parts ( AAP - Get Report) have done a fairly good job of pacing the broad market year to date, despite a fair number of hiccups that threatened to derail shareholders' hopes for a decent return in 2010. The biggest of those was a post-earnings breakdown that ultimately proved to be inconsequential for shareholders of the nearly $4 billion company. Now that those earnings are out of the way, the technicals are pointing toward higher levels for Advance's share price.

Strong fundamental tailwinds have propelled shares of Advance (and top-dog competitor AutoZone, no stranger to our Rocket Stocks list), but as consumers start to purchase new cars once again, sales should start to slow for aftermarket parts retailers. But we're not concerned with the fundamentals right now -- the technicals are telling a different story.

Shares broke above the moving averages on the heels of a broad market move earlier this month. Now, with a support level fast approaching at around $41.75, a bounce could trigger a quick upside trade to resistance at $44. Wait for a bounce off of the horizontal blue line before going long - this play is moving lower first.

While TD Ameritrade's ( AMTD - Get Report) start to the new year was anything but auspicious, a near-term bottom during the first week of February has perked up trader interest for the long side. That's especially true now that this brokerage firm has made it past a key resistance level at the 200-day moving average.

While most companies aren't concerned with appealing to traders, TD Ameritrade is -- after all, they're a huge source of revenue for the company, which depends on active trading revenues to drive its thick operating margins. But while attracting high-churn investors as clients makes good business sense for TD Ameritrade, the stock's current trading set-up is a whole different story.

With a break above the 200-day moving average last week, shares could be set up to move past the $20 mark on a sustained basis. TD Ameritrade has seen significant upside since early February, so wait for some consolidation before going long shares -- like Advance, the "buy" signal triggers after a bounce off of support.

Like many regulated utility stocks, Washington D.C.-based natural gas utility WGL Holdings ( JNPR) has long been a popular choice for income investors thanks to its 4.3% yield -- a dividend that's been paid out for the last 158 straight years. This week, though, we're taking a look at the short-term upside trading potential of this traditionally long-term investment choice.

While regulated utilities are generally thought to be incredibly recession resistant, that's especially the case with WGL -- with some of the wealthiest counties in the world in its coverage zone, the company has managed to maintain a hold on its historical profitability levels despite the economic downturn.

Shares broke above a tough double-top resistance level to a new 52-week high just over a week ago, and have been consolidating right on top of support level since then -- until they started a new, climb yesterday, that is. This stock looks primed to see higher ground in the next week.

To see these plays in action, check out the Technical Setups for the Week portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


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Jonas Elmerraji is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia, and has been featured in Investor's Business Daily, in Consumer's Digest and on