Thursday, July 30, 2009

Intraday action

AlphaNinja - US stocks are racing ahead (down off their highs for the day though). There were a decent amount of earnings beats this morning and last night, and those comapanies who missed earnings expectations are being met with "kinder" reactions than a quarter ago, as investors look ahead to a potential recovery.

US stocks partying, like the ever-inspirational Carlton...





Five-day charts:






Winners up more than losers down -->> most earnings beats are due more to cost containment than revenue surprises, but impressive nonetheless...


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