BALTIMORE ( Stockpickr) -- What a rally! Stocks have climbed almost 6% since last Tuesday's open, thanks in large part to the 3.4% push that bulls locked into the S&P 500 late in yesterday's session. That makes the past five days' gain the biggest since the March 2009 bottom.But there are some definite differences between that massive rally and the one we're seeing this week. For starters, while our recent rally has been big on a percentage basis, we still haven't broken through any meaningful resistance levels -- for now, we're still stuck in the same consolidation range that stocks have been in since the end of the summer. We'll need to see a resistance level get taken out before Mr. Market starts yelling "BUY!" again. Right now, the most important resistance level to watch is 1225 in the S&P; it's the top of the range that's managed to constrict price action so well in the past few months. >>5 Stocks Setting Up to Break Out Of course, you don't necessarily need to wait for a breakout in the broad market to take advantage of the technical trading setups that are shaping up in a handful of individual stocks this week. Remember, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action 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 five new technical setups that could deliver breakout gains to your portfolio this week.
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