BALTIMORE ( Stockpickr) -- Stock stumbles and rebounds are keeping investors at the edge of their seats this week -- and we shouldn't expect that to change particularly soon.Just when it looked like stocks had broken down below 1120 support in the S&P 500 by Monday's close, the lack of confirmation in Tuesday's rally shook out any shorts that were getting ready to take a bet against the market. That's right, Mr. Market is turning the screws to the folks on both sides of the trade, a pretty tough feat to pull off. Meanwhile earnings season is right around the corner, kicking off after the close next Wednesday with Alcoa's third-quarter earnings release. Good earnings aren't a guarantee that the market will snap back -- after all, the past two consecutive quarters have provided earnings that handily exceeded Wall Street's earnings projections, and stocks still failed to get traction. Corporate profits at record highs haven't done much for stock prices either. Still, the further stocks get oversold relative to fair value, the likelier it is that we'll get a meaningful recovery. >>5 Breakout Stocks to Recoup September Losses That's why earnings are still going to be the most significant price catalyst in October. You don't have to sit on the sidelines waiting for earnings data to come out. In the meantime, there are still some serious, worthwhile trades setting up right now. I'm talking about technical trading opportunities this week in some of Wall Street's biggest-name stocks. In case you're new to technical analysis, here's the executive summary. Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technicals are a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time. Every week, we take an in-depth look at large-cap stocks that are telling important technical stories. Here's this week's look at the technicals of five must-see stocks.