This week starts off with the usual suspect for the number one spot… Apple. Right now, Apple is trading in a channel, which means that its stock price is staying within a fixed range. Fitzpatrick recommended waiting until Apple dips to the lower end of the channel to buy, and selling at the top around $100. “Respect the bears and keep a tight stop,” he warns.

Altria saw a sustained uptrend in price into 2008 followed by a pullback. While the stock has “dropped off a cliff” recently, Fitzpatrick noted that buying pressure is starting to catch, halting this stock’s downward motion. He says that the best-case scenario for MO is sideways consolidation – horizontal price movement on smaller volume. An uptrend on this stock could take some time, so wait for the 50-day moving average (the line that charts stock’s average price over the last 50 days) to intersect price.

Right now, GE is in a downtrending channel that’s turning around and testing resistance, the “ceiling” of a stock price’s range, at its 50-day moving average. “That makes you just want to buy now,” said Fitzpatrick, commenting that GE’s price could be ripe for an upward breakout above the resistance line. He did note, however that right now investors are just hoping for an upward change, “… and hope is not a method.”

Fast Money’s Addison Armstrong called for an oil bottom in January, and recommended snapping up oil ETF USO to profit from the potential turnaround. With USO at the top of a downtrending channel right now, Fitzpatrick isn’t so fast to recommend buying this stock: “Until you see oil break out of this downtrend, then pull back, then firm back up, this oil’s still in a downtrend.”

One of Guy Adami’s favorite stocks for 2009 is Gilead Sciences. “Look at the chart… this thing didn’t do too bad in 2008, or 2007, or even 2006, so where do we go from here?” asked Fitzpatrick of the biopharmaceutical company. Right now, GILD is on an upswing with resistance (the stock’s theoretical “ceiling”) at the 200-day moving average. “If we get a pullback to $48, buy then,” Fitzpatrick recommended.

Higher lows and lower highs for Amgen signal that this stock is ready to breakout either up or down. Fitzpatrick recommended keeping a stop around the 200-day moving average and going long around $59 after the stock crosses resistance. “Until we get a breakout one way or another, I’d just stay away and watch the action,” he said.

“Charles Schwab is bouncing off – not just at – this support line. This is what you want to see,” exclaimed Fitzpatrick in his New Year’s Eve video. “I’d buy at support, and be a seller right at the 50-day moving average.”

Right now, Goldman is just poking its head above the 50-day moving average after a series of higher lows, a potentially bullish sign that could mean an upward move above resistance. Fitzpatrick recommended buying around $80 on any sign of strength (like upward prices on higher volume, for instance).