Nick Drendel

Hey All! Unfortunately I won't have time to post a daily recap today (about to get on a flight), but for a quick update:

QQQ/SPY/IWO/ARKK - All in clean uptrends above rising 5EMAs, play momentum to the long side until price is below the 5EMA at least! There will be plenty of time to short when momentum breaks, no need to anticipate, just react.

Gold Miners, Semiconductors, Biotech & Nuclear continue to be leading themes in the market, while the rest of the industry ETF list remains strong. Homebuilders (weak, but pulling into the 50SMA/SG) & Consumer Staples are the only two groups showing weakness for now.

Momentum names OKLO, RGTI, IONQ, etc. started the day with profit taking, but because of the under positioning (NAAIM at 85%, COT SPY/IWO net short, COT QQQ trending towards neutral) shakeouts are likely to continue being supported. With strong momentum stocks, traditional growth leading, and positioning favorable it's likely we accelerate into a blow off top. Stay long/bullish until there is evidence that momentum has dried up (positioning capitulates long/massive volume reversals & closes under 5EMAs), then don't overstay your welcome.

Will be back posting recap videos on Tuesday. Have a great night!
-Nick Drendel

3 months ago | [YT] | 22

Nick Drendel

As YouTube continues to push creators with more short form content I've been experimenting with the type of posts that'd both do well and provide value to subscribers. Please vote below on the type you'd like to see most!

3 years ago | [YT] | 2

Nick Drendel

📢 Calling all traders! We've all seen Dave Ramsey videos where he breaks down a caller's personal finances, but we haven't seen someone break down other people's trades. Let's change that!

Regardless of where you're at in your trading journey, if you'd like a FREE consultation and you're willing to be in a video as a part of my new YouTube series, email me at:

stocktrickswithnick@gmail.com with the subject line - Trading Consultation.

We'll review some of your past trades, see which areas you can improve, and get you on your way to a better trading system.

3 years ago | [YT] | 6

Nick Drendel

At the Fintwit conference in Vegas this weekend many traders suggested I change the name of my channel to improve credibility. Please vote below if I should keep Stock Tricks with Nick or change the channel to my full name, Nick Drendel

3 years ago | [YT] | 0

Nick Drendel

TTTC Poll for week 1 has concluded: $30.69 to be invested in the following stocks:
APPN - $12.06
KRA - $6.58
TGTX - $2.19
TWTR - $7.67
Cash ($) - $2.19

Good luck trading everyone!

4 years ago | [YT] | 3

Nick Drendel

TTTC Week 1: Choose your favorite setup from this weeks Breakout Watchlist. How the votes are allocated will be how the Tik Tok Account will be invested for the following week (1/4 - 1/8).

4 years ago | [YT] | 13

Nick Drendel

Hit 1,500 subs after last night's Mid-Week Movers. Started this channel jus under a year ago, and it's very exciting to see how it's grown (especially the last three months). Thank you to everyone who subscribed and keep tuning in for the trading/finance content!

5 years ago | [YT] | 9

Nick Drendel

I apologize for livestreaming earlier. Accidently hit stream instead of record... Just finished actually recording this week's recap and will be posting shortly! In the meantime how'd your trading week go?

5 years ago | [YT] | 2

Nick Drendel

Join me tomorrow night at 7pm CST to cover some pre-election stock setups to watch. I'll also be going live for a short post-election stream Wednesday morning (7:30am CST) to see how the markets are digesting whatever result is out by then. See you tomorrow!

5 years ago | [YT] | 3