Alcoa is showing upside leadership with a surge and break above short-term resistance the last few days. Upside volume has also been impressive. The charts below come from the Dow CandleGlance page, which shows small candlestick charts for all 30 Dow components.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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