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In our post tonight about market conditions, Chinese Internet firm Netease was one of the top three stocks in the IBD50. I went and looked at my Chinese Internet watchlist in TC2000. DATE had a 13.29% uplift today. Not too inclined to risk money there, but SINA and BIDU were in the green today and I am going to keep a close eye on them to see if they return to their uptrend. CYOU looks to have started back already but on thin volume.
SOHU was up 1.03% on volume above its 50-day moving average. SOHU did not participate in the lift SINA and BIDU enjoyed the last few weeks. I have to ask, does that look like a cup with handle to you? ( Click for full size)
I also have to wonder if Google’s breakout will help some of these stocks, particularly BIDU.
