Had a great ruin higher after getting kicked out of the DJIAThen consolidated back half of 2014 and into 2015 before February pullback. Looks solid reversal into earnings, BB's starting to openby gregharmon1
Alcoa thoughts ahead of earnings4 out of the last 5 earnings, market reaction was down (and one gap down) for an average of 5 days, then a significant bounce back and then some. Its been down to a base, and now up to??? HOWEVER, using RSI as an indicator, we are reaching overbought. Interesting how oil is right at its decision moment, will we breach through the resistance or bounce down, taking alcoa with it, and other commodities. What OIL camp are you in? Have we seen the lows yet, or not? That is the question. And half of the quarter has been down for aluminum prices. by claydoctor0
Alcoa Kicks Off Earnings Season Again -April 8, 2015Alcoa (AA) kicks off the Earnings Season in the S&P500 each quarter. Here is a chart of the first month of "earnings season" which starts when AA announces. Alcoa appears to be negatively correlated to the market, which goes against conventional wisdom. If you look at how Alcoa is positioned between earnings reports, you can see that if Alcoa is down in price between earnings reports it has been good for the market. When Alcoa is up between earnings reports, the first month of earnings season has been weak or down. A RISING ALCOA has led to weak first month of earnings season SPY price action. Tim 4/7/2015 3:48PM EST 207.64 last SPY, 13.44 Alcoa (AA) by timwest224
Alcoa is showing signs of weakness$AA has been consolidating around 15.60, which makes it a choppy stock with LH-HL. There is no clear trend at this point. However the signs of the long term trend show weakness, both in the trend and momentum. It has tried to break the magic 18.00 value that would make it skyrocket, but after the double top the next attempt barely reached 15.90, Not enough and actually a pivot point for a downtrend channel. The support of the 34 ema is holding, but if it is broken the next stop to the downside will be the 0.618 Fib, It will retest that former high. Chances are it will rebound supported by the 89 ema.Shortby Madrid223
Head and Shoulders is formingJan13: Head and Shoulders forming. The triple momentum divergence is the signature of the H&S pattern. Even though Earnings was good, the market reaction was not so good. If this is the case then this could fall as low as 12.63 where the 50% retracement of the rally is marked. Keep an eye on the rotation of the fast ribbon (orange) if the price doesn't go back above 16.50 then the market will probably just dump it. and will retry breaking the 18 Strong resistance at a later time. Entry @15.50 Target1:15.25, Target2:13.80, Target3:12.63. Stop@16.50Shortby Madrid113
Elite Zone pre-earnings setup exampleThis setup was one of several setups sent today to the Elite Zone members in the weekly members stock markets analysis. If $AA will continue its climb (after a strong weekly candle from last week) and reach the resistance zone near 17$, it will also complete a bearish Bat pattern. 17$-17.5$ will be an interesting zone to look for intra-day reversals that can trigger short entry for those who wish to trade this bearish harmonic pattern. If you like this analysis and you want more.. join the Elite Zone members via the MarketZone website: www.themarketzone.net by themarketzone2
AA, 1st to announce earningAlcoa will be first company to report earnings ushering into 2015. Just my little speculations on where the direction of gap will be for better than expected or deteriorating earnings.by jangseohee5
AA- The start of earning s season- Gap play possiblitiesGap Season is starting with AA posting earnings.Since AA has trade bullish the last 4 days a gap down below 14.85 would be a possible Gan n Go trade (enter the trade in the first few minutes of trading because of criteria met ). I would only trade in the direction of the gap , so if I didn't trade right away i would wait for a pullback and trade bearish (if i can get a decent R : R ) and only risk 1 R. If AA gaps down depending on the location (15.55) might be looking to get in bearish if there is a decent pullback or a perfect entry in the first few candles that it's worth the 1 R risk. Last time AA posted earnings leading up to earnings 10-8 -14 look very similar to the candles leading up to the earning s tomorrow. AA gapped up and then traded down rather aggressively. We are at those same levels who knows? There is a lot i didn't explain mostly because I'm not really the one to be teaching this type of trading but i would love any gap trading input especially fades. If you want to learn more go to www.reallifetrading.com.by Dan.Walsh.Loves.Lous.Sushi.Dow1
Only 3 days remain until US Earnings Season Begins! Alcoa reports on January 12th to kick off the next "Earnings Season"! Get ready for action. The red boxes represent the "DOWNSIDE" price action of the market from the start of the Earnings Reporting season as measured by Alcoa reporting earnings. You can see we have had a variety of quarters with some very small downside risk and the last two have been larger than average. I personally think this is a better or more intuitive barometer than the January effect or the first day of January predicting the year head. I love January the most of all the months of trading for a number of reasons, perhaps you can say which is your favorite month to trade, then I'll explain why I love January the most. All the best, Tim 9:56AM EST Friday, January 9, 2015 by timwest886
Multiple Tops looking to break above 18DEC08:Multiple Tops at the 17.75 level, unable to break this historic level plus a weakening trend and a negative divergence make this stock to think it over before retrying the break above the 2011 levels. It looks like this will take a break before attempting a close above 18 again. It has support at the 14 level. I am bearish in the short term, looking for 15.30 looks a reasonable target to the downside and an opportunity for the stock to retry another upleg looking for the 18 value once it reaches the 0.764 Fib Level. I wouldn't short it for too long since the main trend is bullish, Shortby Madrid1
Alcoa Inc (H1)Alcoa Inc (H1) Price hit long term uptrend_line from beneath, resistance and formed a triangle like formation, and broke down from it, and under Wedge, and long term horizontal line. (could be a pennant continuation-bullish, in case of recovery) Wolfe Waves 5 potential. OBV at horizontal resistance. RSI geometry, brake_down from triangle like formation, on longer term support, at 44, potential bounce and brake_down. Shortby rv4
Alcoa - Another green impulse tradeThe weekly chart of Alcoa does not look great for the long term, as it might draw a topping formation. However, for the next couple of weeks, it remains bullish On the daily chart, we have green impulse, rejection of the wave, and a bullish engulfing candle. Not the best trade because this stock stands at an important level. This is a paper trade. Longby vlad.adrian2
AACan't remember if I just posted this or not. A lot of break outs today - they might might stick.by KLang2
$AA - shortAA has resistance in the $16-18 area. For candlesticks reader, there is a bearish hanging man formed. This is in a monthly chart - even more powerful. Shortby seine2
Rising Wedge setupBearish setup in $AA as the stock struggles with resistance zone and the 78.6 Fib reversal level. A potential rising wedge formed in the daily chart. Wedge breakdown could lead to a continuation move lower towards 15.6 (initial target level)Shortby themarketzone1
Follow up Post( Target achieved)Over 2 months ago, we posted a possible trend reversal and it indeed was, and target for that trade was achieved. Many asked for update if Friday's strong runaway gap up is a continuation of previous upside trend or was it a technical bounce. Hard to tell, but price action and volume was not two things to ignore. Here is what we had to say that post (Hard to detect early if trend specially strong one like AA is about to reverse, but our system signals that is the case for the stock. If you are long this stock, you may start the preparation to book profit before its too late. As u may see this weekly chart, there are some similarities of previous strong trend reversal and this one. If price moves below $16 next week, we will initiate a long term short position of 9-10 weeks. Target price: $14.40 area. Details see the chart.) if you want to a real time trade alerts try us (www.2waytrading.com)by Xafada1