Initially, the News was Sold . . . AA beat expectations slightly, but still gloomy. The big reason they did so well was because of rising AL prices, NOT because of much increased demand. To me, anything not very Bullish is Bearish. BUT, stock prices haven't necessarily moved logically in the past year!
The Seasonality of AA (Alcoa) isn't necessarily good this week or next ... but in a few weeks it picks up again slightly.