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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Dots

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Monday, April 08, 2013

Earnings Due out for Alcoa After Monday's Close

Perhaps today's (Monday's) sideways movements, so far (as of 1:00 pm EST), are indicative of a market-in-waiting for Alcoa's earnings release after the close.

However, in spite of its strong start in January of this year, it has lost all of its gains for the year, plus more, as shown on the 1-Year chart below...not such a great role model for the rest of the markets, in my humble opinion, as it's still well below its 2008, 2010, and 2011 highs (and never even made it up to last year's highs), as shown on the next 5-year chart.

If it's such an 'economic bellweather' for the rest of the markets, as I keep hearing year after year, it's been ringing its (warning) bells, but no one's listening...at the very least, they're not paying attention to what the charts, and, hence, money flow (and low weekly volumes), are saying.


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