02/10/09 — 02:13 PM EDT

The bulls are back in town. At least, theyre starting to make an appearance in the stock market.

In the last week, the S&P 500 made a solid rally, gaining 5.1% despite less-than-ideal job numbers and flux over the governments latest stimulus package. That good news is being reflected in trades as more and more technical traders start to make money on long positions again.

If you dont have the technical background to make profitable trades yourself, how about a little help from RealMoney.coms Dan Fitzpatrick? Hes a pro at deciphering stock charts and finding the plays that you can parlay into money-making opportunities.

Heres a look at Fitzpatricks 3 Stocks I Saw on TV video series and what he’s had to say lately about stock ideas he’s found on TheStreet.com. Fast Money and Mad Money.

Apple (APPL): According to Fitzpatrick, Apples a tough stock to buy now. Near-term support is about $10 below the stocks current level, and Fitzpatrick sees potential profit taking around $100. If Apple pulls back, theres your opportunity to buy the iPod makers common stock. If it blasts through resistance, he said, referring to the price level a stock has trouble pushing above, theres your signal that youll probably want to go long too.

Bank of America (BAC): To Fitzpatrick, the question of whether to buy Bank of America isnt one of survival; he points to the fact that the company is already on Uncle Sams 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 Fridays intraday low of $5.36 as near-term support, the price BofA stock would have trouble falling below. If it falls though, he recommended staying far away from this stock.

General Electric (GE): General Electric is a falling knife that caught a bit of a butchers block last Friday, said Fitzpatrick. Unlike most falling knives, a pattern in which 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 stocks $10.75 support level.

Visa (V), from Fast Money . 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.

Gold Miners ETF (GDX), from Fast Money . 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 (ABT), from Mad Money. Abbott Labs in trading in a sideways channel right now fairly close to resistance. Thats 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.

Freeport-McMoRan (FCX), from Mad Money. 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, its time to buy Freeport.

Cisco (CSCO), from Fast Money. Cisco has been more than cut in half in the last year. Now the stocks starting to form a base, which means that the downward trend is starting to subside. Since Ciscos resistance (its 50-day moving average) is trending lower, the stock doesnt have to rally as much to break through. Fitzpatrick recommended buying close to $15 and selling at the top of its current trading channel.

Colgate (CL), from Mad Money. Colgates in the middle of its trading channel right now. Its too late to buy and too early to sell, said Fitzpatrick. He sees this stock as too risky of a play to make right now.

Fuel Systems Solutions (FSYS), from Mad Money. At first blush, Id be hitting the DontBuy Don’tBuy Don’tBuy button, said Fitzpatrick when he took a look at the Fuel Systems chart. The stock hit a big peak on high volume, and the volume has basically been on the decline since then. Still, if you like the fundamentals on this one, look to buy on a bounce.

Medco Health Solutions (MHS), from Mad Money. I think Jim Cramers been studying the charts under his bedspread at night, because this chart is a thing of beauty, joked Fitzpatrick. He recommended keeping a stop under Medcos 200-day moving average to avoid getting hit by a downturn.

MercadoLibre (MELI), from Fast Money. MELIs chart isnt great-looking, according to Fitzpatrick, as sellers have now started stepping up to the plate. Id need to see this stock rally above $15.50 before it became a buy, he said.

To see these stocks in action, check out the Chart Smarts portfolio on Stockpickr.

And if you want to hone your own technical-stock-picking skills, you can pick up some tips on Stockpickrs technical analysis forum .

Posted on Feb. 10, 2009

Editor’s note: Dan Fitzpatrick will be on Stockpickr Answers on Tuesday, Feb. 10, to respond to questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today — for free.