Some Chinese shares hit air pocket

Here I go again, having to turn on a dime. Just when I was getting giddy about some of our China theme holdings, a couple of them give me sell signals. So, I took profit in Home Inns & Hotels Management, Inc. (Ticker: HMIN), and took a loss on China 3C Group (Ticker: CHCG). News on how CHCG was selling 11m worth of stock for 5$ and change a share, way less than I paid, frankly confused me. Sellers drove the price lower which triggered a sell signal.

I traded shares of HMIN for BEAS which is technically looking good. AMAT notched up 5.72% and SNDK was up 4.65%. The NAS is the happy hunting ground again for stocks breaking out.