Scouting Around Chinatown for Lunch

BABA and BIDU, among a few other high beta China stocks, created a buzz into the bell yesterday with their surging price action. 

Both of those names, and the likes of CTRP, are pausing today.

But SINA is a name worth watching, along the same lines. On the daily chart, below, note the constructive basing action over all major moving averages.

If the move in the China momentum names amounts to being more than a one-day flash in the pan, I am stalking SINA over $52 as a long idea.