Nick Drendel
@NickDrendel
Technical Swing Trader
"Buy the stocks everyone wants at the price others sell at. Then place your stop."
394 Following 24.8K Followers
Daily Recap & Watchlist video is live!
- $DELL Earnings Primes Market For Bounce
- Software/Cyber Security Brutalized, $SNOW Savior?
- $XLE Energy Continues to Press Highs
- Long Setups: $AMD $CRCL $MT etc.
- Short Setups: $WDC $ELF $GEV etc.
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Same thing a few days later $AMD $MU both extremely tight.
The two stocks that will determine which direction the market breaks.
$AMD & $MU
👀 A look at how the leaders acted 9/2/26:
⚖️ 5/9 Up Today
📈 $DE New All Time Closing Highs!
🔥 $DELL +16%, $SNOW +22% on Earnings
🤮 $FTNT $PLTR $CRWD Software/Cyber Security Pukes
$CRWD $DE $DELL $FTNT $NEM $NVDA $PLTR $SNOW $VLO
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$XBI - This market is driving me a bit nuts even with smaller sizing.
Daily Recap & Watchlist video is live!
- Bond Yields & Crude Oil Break to Upside
- $MOO Agricultural & $XLE Energy New Highs
- Memory Rally Failed at Resistance Gaps $SNDK $MU
- Long Setups: $PLTR $MRNA $ABNB etc.
- Short Setups: $TSLA $KORU $CVNA etc.
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Another light new highs list. Wonder where $ is flowing?
Might be the shorted the liquid 52 week highs screen has returned. Oil & Gas/Software names dominating the field.
$FLR (Weekly) - On the slower side, but nice base.
$DASH has been incredibly strong off the lows (started with an unfilled gap up) but getting extended in this market is a no-no. Resistance gaps can be great trim/sell spots in this choppier market.
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I wish $RNG was liquid enough to put on the leaders list. It's acted incredible since its earnings gap up on July 24th. Zero closes under the 10EMA.
Taking quick notes on indexes & industry ETFs help me stay objective about the market and which groups are acting right or sketchy.
$QQQ - Another gap down as we lose the 5/10/20/50MAs.
Have to give the index credit for holding up so well during all this, but really want to see it hold the support gap low and some themes break into uptrends instead of RS being punished.
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👀 A look at how the leaders acted 9/1/26:
⚠️ 2/9 Up Today
📈 $DE $VLO New All Time Closing Highs!
😵💫 $DELL -7% Then +8.5% Post Earnings
💻 Cyber Security Strength into Weakness
🔁 $DE In, $FCX Out
$CRWD $DE $DELL $FTNT $NEM $NVDA $PLTR $SNOW $VLO
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$GTLB - Extremely impressive quarter and initial move higher. This stock has always been a pain to trade in the past, but hopefully that changes.
Is a market that can bring down an incredible stock/company like $SN a market you want to be aggressive in?
Live look at $KORU
STOCK PICKS FOR THE WEEK
From our weekly competition space, here are the panel's picks:
@Sam_Badawi: $TEMT, $CRCG
(Current Champion 🥇)
@NickDrendel: Short $RKLZ, Short $KORU
@RealSimpleAriel: Short blockstack:native, Short $CVNA
@iluvstocks1: $MSTX, $TSLL
@WillOHara131: $HOOG, $COIG
@AceTheKid: $TQQQ, Short $SQQQ
@willrosstrades: $SPCH, $IBIT
@BullTradeFinder: $MSFU, $WMT
@WolfRyan: $AVGG, $NETG
Which ticker would you add to win this competition?
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$CF - Where are the biggest and best bases?
The two stocks that will determine which direction the market breaks.
$AMD & $MU
Might be the shorted the liquid 52 week highs screen has returned. Oil & Gas/Software names dominating the field.
Weekend Outlook & Watchlist video is live!
- Week Review of Indexes, Industry ETFs & Leaders
- Software & Energy Strong, Everything Else Weakening
- COT/NAAIM Positioning Warning
- Long Setups: $PLTR $VLO $RELY etc
- Short Setups: $SNDK $NBIS $KORU etc
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Quick snapshot of positioning this weekend:
S&P 500 - More neutral positioning as large specs increase their shorts.
Nasdaq - Speculators now more long than they have been since January of this year ⚠️
Dow - Heavy long position for speculators continues.
Russell - Large specs increase their shorts 👍
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