GOOG – Google (Last:880.37)

If any stock looks strong enough to turn the market around, it’s this one. Unlike Netflix, which has also been quite robust in recent weeks, Google refreshed the bullish energy of the intraday charts with its most recent thrust. You can see that it surpassed May 22’s external high at 909.31, strongly implying that the selloff from Wednesday’s high is a correction that should be bought.  If and when the pattern I’ve highlighted trips a buy signal, ‘camo’ traders should drop down to the 15-minute chart or less for a low-risk entry signal. ________ UPDATE (June 24, 8:12 p.m. EDT): All bets are off, since yesterday’s low turned the daily chart into a so-far even ‘duel’ between bulls and bears. The bearish impulse leg became manifest with a dip beneath June 13’s low at 865.50.  _______ UPDATE (July 1, 3:08 a.m. EDT): And now it’s bulls who are in charge, targeted on 891.82 (see inset, a fresh chart). Once above the 883.00 midpoint pivot shown, the stock would be a promising long for camouflageurs. We’ve discovered during the Wednesday sessions that, trading the 30-second chart, one needn’t risk more than 15-20 cents per round lot on entry.