Our China-Timer is now negative, as the intermediate-term trend of emerging markets stocks has turned down. But the market action looks like a correction within an overall bull trend—rather than the start of a bear trend. Our advice now is to trim your buying but give your strongest stocks room to consolidate. We’re moving three stocks from Buy to Hold: AmBev, NetQin and Ultrapar. Our featured stock this issue is Dangdang (DANG), a potential Amazon.com of China.
