Get ready for action.
The red boxes represent the "DOWNSIDE" price action of the market from the start of the Reporting season as measured by Alcoa reporting . 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
Aluminum consumption in the US is growing. In the sector adjust oversupply of aluminum. Most likely, the action will start to grow after the report.
I think that this report will be poor results from oil companies. Could you see what oil stocks will fall the greatest?