Alcoa Earnings Due Out After Monday’s Close

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Perhaps today’s (Monday’s) sideways movements, so far (as of 1:00 pm EST), are indicative of a market-in-waiting for Alcoa’s earnings release after the close.

However, in spite of its strong start in January of this year, it has lost all of its gains for the year, plus more, as shown on the 1-Year chart below…not such a great role model for the rest of the markets, in my humble opinion, as it’s still well below its 2008, 2010, and 2011 highs (and never even made it up to last year’s highs), as shown on the next 5-year chart.