BALTIMORE ( Stockpickr) -- Successful debt sales in Spain and Portugal, two of the eurozone's beleaguered PIIGS countries, are sending positive signals for investors this morning, as most European indices sit in positive territory for the day. Yesterday's price action showed continued strength stateside, as solid earnings results blended with strong economic data to send the Dow 83.6 points higher for the day.That makes this the seventh week of consecutive bullish market action that the broad market has seen -- the last time stocks moved lower on a weekly basis was back in early November. That bullishness is manifesting itself in investor sentiment readings. At present, the Consensus Bullish Sentiment index is ringing in at 72%, a number that suggests that an overwhelming number of professional analysts and advisers are bullish right now. While that number doesn't yet indicate that the market is overbought (investor sentiment readings are often used as contrarian indicators), it is worth watching at stocks set their pace for 2011. Also worth watching are the technical outlooks for three of the biggest-name stocks on Wall Street right now. Related: Earnings Trades: Intel, Commerce, Sealy In case you're not familiar, 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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