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Chinese Internet Stocks Are The Weak Link Today

|Includes: Baidu, Inc. (BIDU), FXI, NTES, SINA, SOHU

This morning, all of the leading Chinese internet stocks are declining lower. Baidu Inc (NASDAQ:BIDU) is considered the leading Chinese ADR in the market. Today, BIDU stock is trading lower by $2.83 a share. Short term traders should watch for intra-day support around the $137.00, and $135.00 levels. The daily chart is holding up fine for BIDU at the moment.

Some other leading Chinese internet stocks that are declining lower this morning include Inc (NASDAQ:NTES), Sina Corp (NASDAQ:SINA), and Sohu Corp (NASDAQ:SOHU). All of these stocks have different daily charts, however, these stocks will often follow BIDU closely intra-day.

Nicholas Santiago