Cinese Stocks show promise | stockbee

5/18/2009

Cinese Stocks show promise

TypeIndicatorValue
Daily# of Stocks Up >4% on high volume124
Daily# of stocks down >4% on high volume  199
Primary# of stocks up >25% in a quarter2974
Primary# of stocks down >25% in a quarter 465
Secondary#of stocks up >50% in a month30
Secondary#of stocks down >50% in a month4
Secondary#of stocks up >25% in a month158
Secondary#of stocks down >25% in a month52
Primary fast  MM 34/13 + 2586
Primary Fast  MM 34/13 - 1448


  • In last 7 days we have seen 5 negative daily breadth days. 
  • The rally is clearly under pressure and fresh b/o will have tough time following through if the selling persists.
  • While the short term view is bearish long term this correction is good.
  • The move was becoming unsustainable and many stocks were making moves not supported by fundamentals.
  • This correction will separate the second stage leaders from the low quality stocks. 
  • Like in 2003 the Chinese stocks are the leading stock. 
  • NTES SNDA LFT ASIA CYOU are some of the Chinese stocks leading the growth stock rally currently. 

No comments: