BALTIMORE ( Stockpickr) -- The past few months have proven tough for traders -- you need only look at major banks' financials to see that it's true. Trading, which had previously been a last bastion of profitability during the volatility-drenched markets of 2008, is looking like a drag on earnings in the first quarter of 2011.That difficult environment for traders isn't likely to last much longer, however; with broad-based breakouts taking shape in major commodities, and earnings threatening to push the S&P 500 above its previous highs, market participants could see volatility re-enter the market in a meaningful way in May. That's why it makes sense to check out a fresh batch of promising technical setups right now. Related: 6 Stocks Poised for Big Earnings Moves 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.
Twitter and become a fan on Facebook.