BALTIMORE ( Stockpickr) -- The market's recent slide has been fuelled by economic data and market fundamentals. Do this week's new numbers change anything? Positive jobless claim data helped buoy the market into a second consecutive day of gains yesterday, as both initial and continuing claims rang in below Wall Street's expectations -- but not by much.The Bank of England and European Central Bank maintained the status quo by keeping their rates unchanged, as expected. But the real news for equity investors was June's same-store sales. Many retailers saw comparable sales numbers drop in June, a bad omen for the second half of 2010. Where we'd seen the markets reacting to unexpectedly good earnings numbers in the early part of the year, expectations are now becoming overblown and companies are falling short left and right. As long as stocks continue to underperform fundamentally, investors can expect to see their market returns languish. But since we can't change the economic situation right now, let's look to lock in gains with the technicals instead. Technical analysis uses a stock's price movements to determine where shares are headed in the future. Technical charts are used every day by proprietary trading floors, the Street's biggest financial firms and individual investors to get an edge on the market. And according to some sources, skilled technical traders can bank gains as much as 90% of the time. Here's this week's look at how some of the biggest names on Wall Street are trading technically.
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