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There are thirteen companies in the S&P 100 that meet these price position criteria:

1. Positive 200-day best fit trend line slope (linear regression)
2. Price greater than 200-day average
3. Price above mid-point of the 3-month daily price range

They are:

Apple (NASDAQ:AAPL)
IBM (NYSE:IBM)
Disney (NYSE:DIS)
Proctor & Gamble (NYSE:PG)
Sara Lee (SLE)
Campbell Soup (NYSE:CPB)
EMC (NYSE:EMC)
Sprint (NYSE:S)
Nike (NYSE:NKE)
McDonald's (NYSE:MCD)
Heinz (NYSE:HNZ)
Costco (NASDAQ:COST)
Kraft (KFT)

Just over 3/4 of the S&P 100 have a positive 200-day best fit trend line slope. The two with the most negative slope are Goldman Sachs (NYSE:GS) and Monsanto (NYSE:MON).

Performing the same test on other S&P indexes, we see these numbers of companies passing the filter:

S&P 500: 114
S&P 400: 93
S&P 600: 131

If we drop the requirement that the price be above the mid-point of the 3-month daily average, and require only that the 200-day best fit trend line have a positive slope, and that the price be above the 200-day average, we get these test survivors:

S&P 500: 167
S&P 400: 156
S&P 600: 195

Overall these tests show that substantially less than 1/2 of companies are in an uptrend condition.

Holdings Disclosure: As of June 3, 2010, we do not own any securities mentioned in this article in any managed accounts.

Disclaimer: Opinions expressed in this material and our disclosed positions are as of June 3, 2010. Our opinions and positions may change as subsequent conditions vary. We are a fee-only investment advisor, and are compensated only by our clients. We do not sell securities, and do not receive any form of revenue or incentive from any source other than directly from clients. We are not affiliated with any securities dealer, any fund, any fund sponsor or any company issuer of any security. All of our published material is for informational purposes only, and is not personal investment advice to any specific person for any particular purpose. We utilize information sources that we believe to be reliable, but do not warrant the accuracy of those sources or our analysis. Past performance is no guarantee of future performance, and there is no guarantee that any forecast will come to pass. Do not rely solely on this material when making an investment decision. Other factors may be important too. Investment involves risks of loss of capital. Consider seeking professional advice before implementing your portfolio ideas.

Source: S&P 100 Stocks in Best Price Position