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China Still Leads

The substantial correction of the last two days has taken a little of the shine off the rally that began in mid-April. Fortunately, some of our stocks have held up well to this dip, so we’re not running for cover just yet. But we sold Huaneng Power (HNP) on Tuesday and any further weakness will likely quash our buy signal. So it’s a time to tighten our stops and manage our holdings with a steady eye on the charts. For today, we have a stock from the resurgent Chinese Internet sector.