BALTIMORE ( Stockpickr) -- Stocks are continuing to move sideways this week, as the VIX Volatility Index sits near six-month lows. Diminishing volatility has been the name of the game so far in 2012, a major shift from the volatile trading conditions investors had to deal with at the end of last year. But don't think that we've reached a "new normal" in volatility just yet.Europe is continuing to be a black cloud for U.S. investors as drama starts to heat up again between Greece and its private creditors. Overnight, the euro lost ground against a basket of other currencies, briefly reminding investors that Mr. Market is still susceptible to sharp declines from the situation that continues to plague the Eurozone. Here at home, earnings season is in full swing, with literally hundreds of firms planning on announcing their quarterly numbers to Wall Street this week; solid fundamental improvements for domestic stocks could stave off downside pressure from abroad. >>5 Rocket Stocks to Buy This Earnings Season One consequence of the lowered volatility we've seen lately is the abundance of technical setups that are becoming tradable in this market. This week, we'll take a look at five setups worth trading this week. For the unfamiliar, 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. With that, here's a look at five trading setups that could deliver breakout gains to your portfolio this week.