BALTIMORE ( Stockpickr) -- Economic fundamentals are continuing to drive the markets this week as investors digest the latest news from a bevy of agencies, organizations and firms dedicated to providing Wall Street with metrics about the state of the economy.

At the same time, earnings season continues to be in full swing -- and the overall tone is starting to turn positive following outperforming numbers at high-profile firms such as McDonald's ( MCD) and CXS ( CXS).

But let the markets enact a sentiment-fuelled tug of war between gloomy economic headwinds and more auspicious earnings data. We're turning to a new set of technical setups to find our potential plays for this week.

Related: 3 Ways to Play the Economic Data in 2011

Remember, 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.

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

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