BALTIMORE (Stockpickr) -- The market continues to get knocked around on the heels of cautious statements from Standard & Poor's regarding the U.S. government debt rating. While S&P didn't alter its rating on U.S. debt, the ratings firm lowered its outlook, which opens the possibility of a lowered rating should the powers that be in Washington fail to fix the deficit spending that's been ballooning the national debt for decades.That move has had unsurprising effects on the broad market as market participants react to doubts in the safety of the No. 1 flight-to-safety investment. But it's doubtful that the effects will be long-felt. Market futures started off flat (albeit slightly skewed upwards) this morning, as a number of large firms' positive earnings announcements hit Wall Street. Those contradictions in market bias are confusing more than a few investors right now -- all the more reason to turn to technical trading setups to build an investment case right now. Related: 5 Stocks Setting Up to Break Out 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.
Sally Beauty Holdings
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