CEG and GOOG

 Today we have two stocks that indicate possible short term trading possibilities. The first of these is Constellation Energy Corporation(CEG). 

On the hourly chart CEG has been in an extended downtrend since it's 282.77 high on 6/18/2026. It looks to have put in a short-term bottom at 228.63 on 7/01/2026. From there we have a 1-2 set-up at 247.40-236.56. We have the MACD increasing and an RSI(5) low corresponding to wave 2 at 236.56. From here we would expect a rise for wave 3, with a preliminary target above 258. This stock may be putting in a longer term bottom which could see this stock above 299 in the near future.

The second stock on today's list is Alphabet Inc.(GOOG).

This set-up is slightly different from CEG, but has put in a higher high and lower low from the 6/26/2026 low of 333.69. We are slightly more cautious with this trade, but we do see it moving higher to a minimum of the Upper Bollinger Band near 370.

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