BABA and BIDU Primed

This post was originally for paid members only. It has since been unlocked for informational purposes and does not constitute financial advice.

If you want access to these trades in real time, sign up risk-free today!

Today, I added some fresh China exposure to our portfolio.

I jumped into BABA and BIDU — two blue-chip tech stocks that have worked incredibly well for us in the past.

Both are hooking higher after major failed breakdowns. If Chinese equities dig in and rebound in the coming weeks, these are poised to deliver.

BIDU just put in a sharp intraday reversal, with the Strazza Indicator at its lowest level since summer, signaling a potential crossover.

The fact that bears couldn’t take down BIDU in this market, with that earnings report, tells me all I need to know.

A little follow-through tomorrow, and this one is scooping ‘n scoring back toward the old highs.

I bought the $BIDU 1/16 $135 calls for $3.10.