Is the Ride Over for Baidu?
In this short market wrap video I take a quick look at the New York Composite Index (NYA) and the McClellan Oscillator. I also look at gold and oil. This is a very condensed version of what the Insider Members get. Check out the membership page for more info.
Three stocks in focus today are Baidu (BIDU), E-commerce China Dangdang (DANG) and 58.com (WUBA). All are Chinese companies trading in the United States. BIDU has had one heck of a run but it looks like it is in for some corrective action.