timwest

Only 3 days remain until US Earnings Season Begins!

NYSE:AA   ALCOA CORPORATION
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6
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
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com

Comments

I like reading your analysis.
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?
+1 Reply
timwest AIpricepatterns
Any further insights BSN?
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I have seen in Ashraf Laidi's analysis how he respects the January's. I am novice, so better to keep quite and watch you are about to say.
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HamedAghajani HamedAghajani
*... what you are ....
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timwest HamedAghajani
You can read Yale Hirsh's "Traders Almanac" and look for all the hokey patterns that people have found over the decades. They are great for conversations and entertainment value and have very little to do with investment advice.
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timwest timwest
If you ever hear someone touting the January barometer as their forecasting tool for the market, run as far away from them as possible. Better yet, listen politely and then keep them around so you know to never listen to their advice again.
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timwest timwest
Learn the logic and reasoning behind any method of analysis and decide for yourself.
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jangseohee timwest
the January Barometer in 2014 was shattered, big Jan down bar but rest of the year was UP!
Discard the almanac please
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