Ordaka 🎏

I like researching investments. Just a person’s Twitter, not investment advice.

[Ordaka 🎏 @ordakain]

@great_martis

[Ordaka 🎏 @ordakain]

Nasdaq Update.
1) we can see the bull-pennant played out
2) longer term also with limited options

[Ordaka 🎏 @ordakain]

Nasdaq Update.
Short term ascending wedge. (Thin black)
Mid term double bottom. (In blue)
Long term down channel (recently broken-thick black)

[Ordaka 🎏 @ordakain]

Nasdaq Update.
1.) Double bottom (blue) played out the rest of its targeted pattern. And the wedge broke out.
2.) Next, bull flag (red) recently broke out. Pattern dictates run up into flag has to come out. Start of run up depends on time frame.

[Ordaka 🎏 @ordakain]

Wedge pattern above did not play out. Price action appeared just 15 days later.

[Ordaka 🎏 @ordakain]

Chart of the Day: 5/16/23
Ford - Descending Triangle

[Ordaka 🎏 @ordakain]

Longer term look at Ford.

[Ordaka 🎏 @ordakain]

@goddek It’s a useless title. Read the article, it’s talking about the last week. Literally click the link and you can see they’ve already changed it.

[Ordaka 🎏 @ordakain]

@pyquantnews Very in depth and interesting research. Thank you for taking the time and posting.

[Ordaka 🎏 @ordakain]

@notbradyy Send

[Ordaka 🎏 @ordakain]

@GameofTrades_ Bad quality, but another decade support to watch

[Ordaka 🎏 @ordakain]

@leadlagreport That the fed lowers rates when the markets are going down?

[Ordaka 🎏 @ordakain]

Current drawdowns are historically, objectively attractive. But remember that there are different macro-settings for each of these drawdowns.

[Carter Braxton Worth @CarterBWorth]

Perhaps the single most important chart in the market.
We’re thinking it bounces here.
$NDX $SPX $QQQ

[Ordaka 🎏 @ordakain]

From the left chart (excuse that the date was not added), this is an event last seen at the bottom or Great Recession and before that, the bottom of the Dot-Com Bubble. This is not advice to invest, just a fun stat.

[Ordaka 🎏 @ordakain]

The SP500 has now had a 4% low from open in 5 consecutive months. Left: SPY (blue) with running consecutive total of months where trigger was hit (+/- 4% in a month from the open, green is +4%, grey is -4%) . Right is the green and gray’s distribution. Red is May.

[Ordaka 🎏 @ordakain]

This could be used as a sense that we move experienced a ‘sorta rare’ event right now. This data is SPY going back to 1993. May is the 5th month in a row that has had a low over 4% below it’s open.

[Ordaka 🎏 @ordakain]

My thoughts on the current price action: the SP500 is at an attractive infra-year discount, largely due to technology, consumer discretionary and communication sectors.

[Ordaka 🎏 @ordakain]

Assuming these factors are resolved; we have an economy filled with consumers that have more income and cash then before and a lingering feeling to leave the house.