“I’m not really getting why everyone’s so interested in this stock,” admitted Fitzpatrick in his video from Monday. “It looks a lot like the S&P 500, only not as good.” Right now, GE’s in a downtrend hovering around support, the price it has difficulty sinking below. That said, a break down – or sudden movement – below the support line could offer a serious downside for investors. Fitzpatrick warns to steer clear if that’s the case.

“After last week, Wal-Mart looks more on the hit list than the hit parade,” joked Fitzpatrick. The stock was trading around its 200-day moving average (the trend line of a stock’s average price over the last 200 days), but got obliterated after weak earnings. It’s that beating that Fitzpatrick noted makes for an enticing buy. After all, “Wal-Mart’s not going anywhere. It makes for a low-risk long.”

Right now, CAT’s in an uptrending channel, meaning that its price is moving up in a range of higher highs and higher lows. It cleared its 50-day moving average, which is a good sign given that it’s on the move for a sustained upswing. Fitzpatrick recommended buying at the next low point in the channel – likely around $42.

With a strong bottom that occurred a couple months ago and “obvious resistance” (the short term “ceiling” for the stock) around $45, ITW looks like its making a positive turnaround. “You can buy now, but keep a stop around $35,” said Fitzpatrick.

“There’s not a real bad setup here,” opined Fitzpatrick about the railroad company. CSX has been trending lower recently, but has narrowing Bollinger bands, an indicator which suggests that volatility is decreasing for this stock. “I’d be a buyer if it moves above its 50-day moving average,” he said. “Otherwise, I’d just sit at the station and wait for the right train to come…”

The Band-Aid maker fell out of an uptrend a few months ago, and is consolidating now, but might not see big upward movement for a while. “If you’re a trader, move on,” Fitzpatrick warned. He did recommend considering it for its decent dividend yield as well as its anti-recession qualities saying, “… if you believe we’re going to have more of a recession, this is your first-aid right here.”

Novellus recently hit a low on abnormally low volume – a good sign that suggests investors are reluctant to sell right now. If it begins to trade higher past its 50-day moving average, consider buying… it’s a sign that the bulls have power in this play.

Monsanto recently gapped up on good earnings, a very bullish signal. With resistance around $91 right now, Fitzpatrick recommended waiting for a small pullback in price to buy.