S&P Sees Weekly Distribution and NASDAQ Reverses to Support

By Scott Pluschau www.scottpluscahu.blogspot.com S&P 500 sees weekly Distribution Last month I had a post on the S&P showing signs of Distribution in the Candlestick Analysis, which I highlighted in Blue Ovals on the Daily chart right hand side below.  One resembled a "Spinning Top" and the other resembled a "Hanging Man".  The hanging man is similar to a "Hammer" in that is has a large wick below the body of a candle.  However a hammer at the bottom of a trend indicates strong demand.  This type of candle near the top of a trend was a sign that supply was entering the market.  Japanese Candlesticks need confirmation and the following week was a strong week in price negating the prior two candles for the time being. This week there is what I believe to be another bearish candle to keep an eye on.  It resembles a bearish "Engulfing Pattern", however this week's body or opening and closing range, doesn't quite "engulf" the prior body, but it is close.  However this week saw higher highs and a lower close, as well as lower lows.  While volume data comparison is skewed with last week being shortened by one day, this weeks volume was above average. It is another caution flag that there is high risk going long Equities in my opinion. Next week it will be important to see if there is a weekly candle with lower lows and lower highs and a lower close with increasing volume.  Near term the Bulls did a huge service taking back the significant multipoint trendline support that had failed on the Hourly chart.  I will be looking for follow through or a move lower early next week in order to day-trade long or short. The NYSE 52 week highs minus 52 week lows indicator has also been consistently weakening.  A sign "under the hood" that things are not as strong as they may appear in the headline indexes. (Click on chart to expand) NYSE The key reference areas, trendlines, support and resistance levels, and developing patterns are shared each morning in the swing/position trade premium service.  A focus in the updates for the month of May when the next subscription begins will be on Auction Market Theory.  Email for interest. Stocktwits & Twitter @ ScottPluschau Email:  ScottPluschau@gmail.com

Nasdaq 100 reverses back to support. Posted: 06 Apr 2013 05:08 AM PDT In yesterday's post I mentioned the Nasdaq 100 had a potential change in trend coming on the Daily chart, and initially when the trendline broke it was downhill, but the Bulls were dip buying on the open of the day session and didn't stop for the most part pushing the Nasdaq 100 back up to the prior trendline support.  This was a major reversal and you can clearly see a big "wick" or bottoming tail on Friday's price action. What I would want to see next week in order to trade long is if the Equity markets are able to follow through on Monday with this momentum.  Near term the NQ is still trading below the break of a significant multipoint trendline on the Hourly chart.  If early on Monday the market is weak, I will be favoring the short trade setups. (Click on chart to expand) Nasdaq Composite 52 week highs minus 52 week lows indicator went negative in the morning and closed just above zero.  Under the hood things are weakening still. The key reference areas, trendlines, support and resistance levels, and developing patterns in the near term and bigger picture are shared each morning in the swing/position trade premium service.  A secondary focus in the updates for the month of May when the next subscription begins will be an education on Auction Market Theory.  Email for interest. Stocktwits & Twitter @ ScottPluschau Email: ScottPluschau@gmail.com

The recent concerning theme of Price/Volume continues in the Nasdaq 100

By Scott Pluschau

www.scottpluschau.blogspot.com

Diminishing Volume over the past five days of Bullish price action in the Nasdaq 100 futures which can be clearly seen on the one month Daily chart.  There is a lack of excitement for higher prices in the US equity Indexes.

The price volume divergence in the US Equity Markets this year is quite bizarre. 

(Click on chart to expand)

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Source: The recent concerning theme of Price/Volume continues in the Nasdaq 100

Day traders chart pattern of the day special - Nasdaq 100

TUESDAY, OCTOBER 16, 2012

"Railroad Tracks" are a very strong signal for bears and bulls alike. To learn in depth about how to read market signals and create balanced and risk managed trades based on reality (rather than magic indicators and imprecise forward looking analyst statements), check out Scott Pluschau's subscriber service and blog.

In Japanese Candle stick analysis, Railroad tracks are a pair of horizontal green and red long bodied candles next to each other (see the left hand of the chart below) with similar opening and closing prices.

The color of the second candle determines the nature of the pattern. If the second candle is red, it's bearish. If the second candle is green, it's bullish.

Today's Nasdaq 100 is revealing an especially bullish pattern, as the railroad tracks come in the larger context of a trend-line being broken to the upside.

(Click on chart to expand)



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Nasdaq 100 morning report

Wednesday, April 25, 2012

This is going to be brief.  With the Fed announcement today, it is a difficult day to day trade.   But I wanted to point out a bullish "Double Bottom" on the Nasdaq 100 on the 30 minute chart with a "Bull Flag" forming after the breakout. 

I have no interest in a bullish pricing pattern in the Nasdaq 100 until there is an intermediate term change in trend.  I'm not going to ignore a bullish pattern, but what a bullish pattern will do for me is keep my "powder dry", or better known as keeping me on the sidelines preserving my capital for opportunities with a "positive expectancy".  A failed bullish pattern will have my attention but until then, it is a sit back a wait approach.  Nothing forces me to trade, and if I sit in cash all day with no trades, that is better than losing money for breaking rules.  My rules are strict.

I mentioned in the prior post on the Nasdaq 100 a bearish flag pattern and what it means, along with the targets being reached.  This same post mentioned how we needed to see what pattern develops next.  That post is here: http://scottpluschau.blogspot.com/2012/04/pattern-of-day-nasdaq-100_23.html

Yesterday's post on the S&P 500 explains the meaning or what is underneath a double bottom pricing pattern and why it is something to pay attention to.  http://scottpluschau.blogspot.com/2012/04/mature-balance-area-on-s-500.html

Well here are the patterns that developed.  Bull Flag flies at half mast.  Double bottom target would bring it to about trendline resistance.

(Click on chart to expand)

Lastly, I know Apple reported earnings, but to tell you the truth I don't care.  I saw a headline and that is it.  What my focus is on is the auction of the Nasdaq 100 futures and not "rationalizing" anything.  So far it is a potential bullish development in the Nasdaq 100, and let's see if things change or progress.  That is all that matters. 

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Source: http://scottpluschau.blogspot.com/2012/04/nasdaq-100-morning-report.html

Apple Watch - List of NASDAQ:AAPL Suppliers

By the Investment News Staff, Contributing Writer, Money Morning

In a fortuitous turn of events for investors, notoriously secretive Apple Inc. (Nasdaq: AAPL) released a list of more than 150 of its suppliers. But for investors, the list of suppliers is a potential a treasure trove. Although many of the names on the list were known, some are new and represent possible ways to play Apple without paying the premium for Apple stock.

Apple was compelled to release the list of suppliers to mollify critics who accused the Cupertino, CA,-based company of being complicit in questionable workplace practices in parts of its Asian supply chain. According to Apple, the list of suppliers represents "97% of Apple's procurement expenditures for materials, manufacturing, and assembly of Apple's products worldwide."

Apple Suppliers

AAC Technologies Holdings Inc.
AcBel Polytech Inc.
Acument Global Technologies
Advanced Micro Devices, Inc.
Amperex Technology Ltd.
Amphenol Corporation
Analog Devices, Inc.
Anjie Insulating Material Co., Ltd.
Asahi Kasei Corporation
AU Optronics Corporation
Austria Technologie & Systemtechnik AG
austriamicrosystems
Avago Technologies Ltd.
Brady Corporation
Brilliant International Group Ltd.
Broadcom Corporation
Broadway Industrial Group Ltd.
ByD Company Ltd.
Career Technology (MFG.) Co., Ltd.
Catcher Technology Co., Ltd.
Cheng Loong Corporation
Cheng Uei Precision Industry Co., Ltd. (Foxlink)
Chimei Innolux Corporation
Coilcraft, Inc.
Compeq Manufacturing Co., Ltd.
Cosmosupplylab Ltd.
CymMetrik (Shenzhen) Printing Co.
Cyntec Co., Ltd.
Cypress Semiconductor Corporation
Daishinku Corporation (KDS)
Darfon Electronics Corporation
Delta Electronics Inc.
Diodes Inc.
Dynapack International Technology
Elpida Memory, Inc.
Emerson Electric Co.
ES Power Co., Ltd.
Fairchild Semiconductor International
Fastening Technology Pte Ltd.
FLEXium Interconnect, Inc.
Flextronics International Ltd.
Fortune Grand Enterprise Co., Ltd.
Foster Electric Co., Ltd.
Fuji Crystal Manufactory Ltd.
Fujikura Ltd.
Grand Upright Technology Ltd.
Gruppo Dani S.p.A.
Gruppo Peretti
Hama Naka Shoukin Industry Co., Ltd.
Hanson Metal Factory Ltd.
Heptagon Advanced Micro-Optics Pte Ltd.
Hi-P International Ltd.
Hitachi-LG Data Storage
Hon Hai Precision Industry Co., Ltd. (Foxconn)
Hynix Semiconductor Inc.
Ibiden Co., Ltd.
Infineon Technologies AG
Intel Corporation
Interflex Co., Ltd.
International Rectifier Corporation
Intersil Corporation
Inventec Appliances Corporation
Jabil Circuit, Inc.
Japan Aviation Electronics Industry, Ltd.
Jin Li Mould Manufacturing Pte Ltd.
Kaily Packaging Pte Ltd.
Kenseisha Sdn. Bhd.
Knowles Electronics
Kunshan Changyun Electronic Industry
Laird Technologies
Lateral Solutions Pte Ltd.
Lens One Technology (Shenzhen) Co., Ltd.
LG Chem, Ltd.
LG Display Co., Ltd.
LG Innotek Co., Ltd.
Linear Technology Corporation
Lite-On Technology Corporation
Longwell Company
LSI Corporation
Luen Fung Commercial Holdings Ltd.
Macronix International Co., Ltd.
Marian, Inc.
Marvell Technology Group Ltd.
Maxim Integrated Products, Inc.
Meiko Electronics Co., Ltd.
Microchip Technology Inc.
Micron Technology, Inc.
Mitsumi Electric Co., Ltd.
Molex Inc.
Multek Corporation
Multi-Fineline Electronix, Inc.
Murata Manufacturing Co., Ltd.
Nan Ya Printed Circuit Board Corporation
NEC Corporation
Nippon Mektron, Ltd.
Nishoku Technology Inc.
NVIDIA Corporation
NXP Semiconductor N.V.
ON Semiconductor Corporation
Optrex Corporation
Oriental Printed Circuits Ltd.
Panasonic Corporation
PCH International
Pegatron Corporation
Pioneer Material Precision Tech
Prent Corporation
Primax Electronics Ltd.
Qualcomm Incorporated
Quanta Computer Inc.
Renesas Electronics Corporation
Ri-Teng Computer Accessory Co., Ltd.
ROHM Co., Ltd.
Rubycon Corporation
Samsung Electro-Mechanics Co., Ltd.
Samsung Electronics Co., Ltd.
SanDisk Corporation
SANYO Electric Co., Ltd.
SDI Corporation
Seagate Technologies
Seiko Epson Corporation
Seiko Group
Sharp Corporation
Shimano Inc.
Shin Zu Shing Co., Ltd.
Silego Technology Inc.
Simplo Technology Co., Ltd.
Skyworks Solutions Inc.
Sony Corporation
Standard Microsystems Corporation
STMicroelectronics
Sumida Corporation
Sumitomo Electric Industries, Ltd.
Sunrex Technology Corporation
Suzhou Panel Electronic Co., Ltd.
Taiyi Precision Tech Corporation
Taiyo Yuden Co., Ltd.
TDK Corporation
Texas Instruments Inc.
Tianjin Lishen Battery Joint-Stock Co., Ltd.
Toshiba Corporation
Toshiba Mobile Display Co., Ltd.
Toyo Rikagaku Kenkyusho Co., Ltd.
TPK Holding Co., Ltd.
Tripod Technology Corporation
TriQuint Semiconductor
Triumph Lead Electronic Tech Co.
TXC Corporation
Unimicron Corporation
Unisteel Technology Ltd.
Universal Scientific Industrial Co., Ltd.
Vishay Intertechnology
Volex plc
Western Digital Corporation
Wintek Corporation
Yageo Corporation
Zeniya Aluminum Engineering, Ltd.

source: http://moneymorning.com/2012/01/24/list-of-apple-inc-nasdaq-aapl-suppliers/