I like to use $KWEB as a proxy for the China internet stocks. That ETF broke to multi-year highs just recently. As you know, I’ve been trading the shit out of these China tickers…just trying to ride the momentum which is always fairly strong this time of year.
I bought some $BITA and $YY into weakness this morning as discussed on After Hours with Option Addict last night.
These stocks are starting to break out from multi-year downtrends/consolidation patterns.
I am currently long $BABA, $BIDU, $YY, $BITA, $VIPS and $JMEI.
Find me some more of these to trade please.If you enjoy the content at iBankCoin, please follow us on Twitter