Moodyโs just downgraded the U.S. sovereign credit rating from its top-tier Aaa to Aa1.
This has only happened twice before, both of which led to volatile market reactions:
8/1/23 - Fitch downgrade
8/5/11 - Standard & Poor's downgrade
Here's what to expect this time ๐
Nick Drendel
19K posts
Technical Swing Trader
"Buy the stocks everyone wants at the price others sell at. Then place your stop."
YouTube.com/c/NickDrendel
- Even excluding @markminervini top 3 months he'd have a 9 month return of 91%. The big take away for me is he never had a losing month where he had to dig himself out of a hole. If you take care of the downside the upside will resolve itselfโผ๏ธ
- $OKLO - Study this type of setup! Something I learned from @LeifSoreide a few years ago. Shakeout of a key MA/round number/previous low, followed by a dead volume day to set up the pivot. Add a momentum market for the environment piece & a stock that can make big moves.
- ๐ 32 Trading Lessons I've learned by my 32nd birthday! 1) Trading is a game of probability and risk management. 2) Don't argue with the market, you're wrong. 3) Align the majority of your exposure with the trend of the market.
- $NVDA - The only thing more bullish than a wedge pop is one that happens in line with a gap up. Wait I take that back, a wedge pop gap up that closes above all resistance gaps on the same day.
- Replying to @calvinfroedgeYes because someone super wealthy took advantage of the tax codes we should stop relief programs for people who desperately need it. Perfect logic.
- Replying to @NickDrendel#3: Read these books in order: โข How I made $2 Million in the Stock Market - Nicolas Darvas โข How to Make Money in Stocks - William O'Neil โข Think and Trade like a Champion- @markminervini The best ROI is the knowledge these books instill for just $65.
- The goal of a swing trader is to be in the leading stocks within the leading themes, but by the time a theme is leading, you're buying the leaders extended. This week's Friday Feedback video covers how to spot EMERGING themes before they breakout!
- Stan Weinstein has saved me so much money in 2021 and 2022. Learning stage analysis will help you avoid disasters in the market. This is a must read for investors and traders alike.
- Replying to @NickDrendelTL;DR: 5 things I'd do differently to improve as a trader, faster. โข Turn off the Financial News โข Keep your Charts Clean โข Read the Best Trading Books โข Stop Copying Twitter Trades โขย Always Prioritize Risk Management
- Day trade your entries. Swing trade your trims. Position trade your winners.








