Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of postsecondary education provider Education Management (Nasdaq: EDMC) jumped more than 10% in intraday trading today.

So what: Education Management's jump came as competitors ITT Educational Services (NYSE: ESI) and Corinthian Colleges (Nasdaq: COCO) also posted gains, possibly thanks to ITT's better-than-expected third-quarter results. This could be sparking investors' optimism that Education Management will have a good report when it steps to the mic in early November. However, considering that there's no company-specific news, and the move came on lighter-than-usual volume, it doesn't seem like there's much reason to get overly excited about it.

Now what: The for-profit education sector has been absolutely crushed this year, as the government started getting concerned about certain aspects of the schools' operations -- including their eligibility for federal dollars. Uncertainty ranks high on the list of things investors hate, so these stocks will likely stay under pressure until there is more clarity about what Uncle Sam plans to do.

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