According to Fitzpatrick Apple’s a tough stock to buy now: near-term support is around $10 below the stock’s current level, and Fitzpatrick sees potential profit taking around $100. If Apple pulls back, there’s your opportunity to buy the iPod maker’s common stock. “If it blasts through resistance, there’s your signal that you’ll probably want to go long too,” he said referring to the price level a stock has trouble pushing above.

To Fitzpatrick, the question to buy Bank of America isn’t one of survival – he points to the fact that the company is already on Uncle Sam’s list of businesses that are too big to fail. Instead, he said, “…we need to wonder if their common stock is worth buying.” He recommended using Friday’s intraday low of $5.36 as near-term support, the price BAC stock would have trouble falling below. If it falls though, he recommended staying far away from this stock.

“[GE] is a falling knife that caught a bit of a butcher’s block last Friday,” said Fitzpatrick. Unlike most falling knives, a pattern that where a stock falls markedly in a short amount of time, GE could be a potential buy right now. Fitzpatrick recommended placing a stop (a market order that sells your stock when it hits a certain price) under the stock’s $10.75 support level.

Visa announced solid earnings last week, increasing demand for their stock, and gapping up its share price in after hours trading. Despite the bullish signal, Fitzpatrick recommended selling at the open to counter previous buyers who might be looking to take their profits and run.

“This is a good looking chart because it has a potential big upside here,” announced Fitzpatrick. With resistance right at the 200 day moving average, the average price of the stock over the trailing 200 days, Fitzpatrick recommended buying big on a breakout above that price.

Abbott Labs in trading in a sideways channel right now fairly close to resistance. “That’s not a good risk-reward trade-off,” said Fitzpatrick. With absolute support around $50, he recommended waiting for the stock to dip toward the low $50s before buying this one up.

Value buyers have been picking this stock up on dips, pushing it to higher lows and higher highs – a good sign for the bulls. “You have to ask yourself, ‘Do I like the fundamentals? Is this a stock I want to buy?’” If your answer is yes, Fitzpatrick recommended waiting for some kind of movement before making your play… if it falls below $20, he recommended staying away. Otherwise, if it pushed though its 50-day moving average, it’s time to buy FCX.

Cisco has been more than cut in half in the last year. Now the stock’s starting to form a base, which means that the downward trend is starting to subside. Since Cisco’s resistance (its 50-day moving average) is trending lower, the stock doesn’t have to rally as much to break through. Fitzpatrick recommended buying close to $15 and selling at the top of its current trading channel.