BALTIMORE ( Stockpickr) -- Earnings season is back -- and it couldn't have come any sooner.Individual stocks have been driven by global macro factors lately. Jobs numbers, Fed policy and the European debt debacle have been the news items behind market participants' sentiment. For investors, that's not a good thing; ultimately, earnings are a much more direct indicator of an investment's worth than macro factors could ever hope to be. The increased emphasis on corporate earnings could do quite a bit to change the tone of the market right now by shoving away the cloud of uncertainty hanging over Wall Street. Given the rally that stocks have seen in the last week and change, investors may not be too eager to shake things up -- but that's a mistake. >>6 Crash Stocks to Buy Now From a technical standpoint, this rally has been anemic. It's lacked volume confirmation (which indicates participation is waning as stocks climb), and more significantly, it's failed to cause breakouts in either indices such as the S&P 500 or a meaningful chunk their constituent stocks. That inability to push values past resistance tells us that, so far, most of this rally has been made up of "easy moves." Market breadth needs to strengthen if this positive push is going to continue. In the meantime, there are trades to be made in October. Now, with fundamental news hitting the street in the form of earnings, technical trades are starting to spring up in some of Wall Street's biggest names. 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.
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