Thursday, October 22, 2009

Intraday Moves

A BIG disparity between the DJIA(+.4%) performance and that of the Nasdaq (-.4%). Travelers is up over 5%, boosting the Dow, but it's not a Nasdaq component. Also helping the DJIA but not Nasdaq are IBM, 3M and McDonalds.

After huge stock runs the last few months, it's interesting to watch reactions to earnings. Companies that are beating estimates are actually DOWN 10% in some cases, as the market gave them credit for earnings improvements before the actual results came out.

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