Alcoa Kicks Off Earnings Season Again -April 8, 2015

470 2 4
Alcoa             (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)

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
Not to prognosticate on the concept...but would this mean that since Alcoa is down currently (from the spread to last quarter to this quarter) it would mean there's a potential that S&P goes up after this weeks announcement?
timwest PRO cmharkey
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out