todd horwitz of the adam mesh group joins us now, and we are off and running with earnings. alcoa reported in last night. are you impressed in any way with the earnings of alcoa? > > good morning. no, i am not really impressed. alcoa, although the earnings beat, is really a broken-down company. if you go back and look at a five-year chart, you'll see that it's never truly recovered from its overall high of 40, and it's really stuck down here in a range in my opinion. it's really untradeable stock. it's nice that they beat, but i don't think it really means anything for the stock. maybe it will be a little bit of an inspiration for the overall market. > > what about the overall market? the market has been so strong, and now reports are coming out tuesday it's time to bear down. the bears are coming. what do you think? > > the bears could be coming. tuesday's volume was very light, so that's an issue. we go, "well, the sell-off was on very light volume." but what you want to really look at is the nasdaq and the russell have both been underperforming the dow and the s&p for the

todd horwitz of the adam mesh group is here to give us a trader's take on the big topics of the day. good morning to you. > > good morning to you. thanks for having me on. > > what are your observations so far on some of the tech earnings and earnings from banks as well coming in? > > i think the earnings picture has been fair. remember, we downgraded a lot of these earnings coming in, so the beats are coming on less-than- expected numbers to begin with. goldman sachs yesterday had good earnings, but the stock sold off late in the day. we're starting to see some of the other banks and financials sell off. last night intel came out with their earnings, and they beat way down. the stock was trading lower. ibm had a pretty big miss. so, whatever beats we're getting are beating on downgraded earnings. so it's really hard to take a range here. the market itself is really just churning back and forth in consolidation. nobody is running back up to the upper edge off a natural bounce off the support here. > > what about the election? is that holding up trading in any way here? > > no, what's