BALTIMORE ( Stockpickr) -- Mediocre economic data released yesterday held stocks in the negative for the day, reminding investors that while good earnings are a welcome change right now, they're not the only determinant of share prices. Economic data continues to have a major impact on stocks, as Wall Street decides how job and economic growth numbers will impact firms' businesses.This week, the economic data continues to trickle out amid hundreds of companies delivering their results to shareholders. This morning's jobless claims and tomorrow's GDP data should have a big impact on stocks to end July. But while fundamental investors are stuck playing catch-up in this market, we can take advantage of technical insights to lock in short-term gains while the market churns. 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.
|More Technical Analysis|