Baidu.com, Inc. (NASDAQ:BIDU) fell into key support earlier today as the markets sold early. The markets have recovered and moved nicely to the positive side. BIDU has moved slightly off the lows but may continue higher. A move back over $100 is likely as the stock is currently trading at $98.96. Volume should remain light into tomorrow’s options expiration. The markets started the day weak but like a light switch, the Dollar started to fall. As soon as that happened the markets marched sharply higher.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
