25Apr1:49 pmEST
China Stocks: The Art of More
Strength in BIDU today is cementing the recent moves in China internet plays like BABA JD MOMO, even SINA WB.
As for fresh ideas, Netease.com, below on the daily chart, looks as ripe as any before May 10th earnings. Note the channel breakout threatening today. I want to see if this moves holds into the bell, before a push over $280 for a long trigger.
To be sure, this looks like a high beta/internet move in China, as the bulky names like CHL (China Mobile) have been dead money for a while now.
More on the market in my usual Midday Video for Members.