The Dow is getting whiplash this week. The blue-chip index is seeing another triple-digit rally on Thursday, its second since Monday, after a trade sell-off midweek. Matt Maley, equity strategist at Miller Tabak, sees two Dow stocks to buy and one he would avoid in this market’s swings and roundabouts.

Building to a breakout

A stronger dollar and trade concerns took multinational manufacturing stock 3M down to 52-week lows in May, but a comeback in recent months has Maley seeing the potential for a bigger breakout. “Over the last two months, it’s been forming a nice base and, in fact, in the most recent little pop it got above its trendline going back to the January highs,” Maley told CNBC’s “Trading Nation” on Wednesday. Maley is now watching for whether 3M can rally back to its March highs, still a 23 percent rally away. If it can do that, Maley sees the likelihood that the stock has “reversed its trend.” 3M’s story is less exciting to Boris Schlossberg, managing director of FX strategy at BK Asset Management. “It’s just simply basically a very boring growth story,” Schlossberg said on Wednesday’s “Trading Nation.” “They simply haven’t been able to achieve the kind of organic growth the market is looking for.”

A winning formula

Like 3M, Maley sees the potential for a technical breakout ahead for Johnson & Johnson. “It’s broken above its trendline going back a few months, and it’s right up against its March highs, so if it gets a little bit higher from here, again at least on a technical basis, that’s going to be quite positive,” said Maley. Schlossberg is skeptical about Johnson & Johnson, too, fearing its market share could be invaded by Amazon. “Amazon is going to destroy all consumer-branded companies going forward,” said Schlossberg. “I’m already buying a lot of Amazon generic goods on the site, and I love it, and I think if J&J is kind of in their eyesight that could be a big problem for the market going down the road.”

Stormy skies ahead