claydoctor
Short

AA (Alcoa) reports Monday, start of earnings season

NYSE:AA   ALCOA CORPORATION
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Ok lets see a show of hands of those who think AA will bounce UP after they report Monday? OK, come on... is the mic on? I see no hands. Anyone? Smart crowd I see. Purple line is long term TL, red is short TL, and blue is 2013 low support. Purple has broken couple times. last 5 reports have resulted in down days afterwards. AND THIS IS THE MOST ANTICIPATED earnings report in 7 years or so? Good or bad, this could set the trend for the week, and without any other news, good or bad, this week, this could definitely be THE catalyst for the markets this week, unless china devalues to prop up their markets. Surprise, I am short.
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