Gap ups like we saw this morning are not times to get over-excited! SPY opened up into the first support outlined, $122.80-123.20, and indices have since faded to fill the gap. High growth stocks continue to get hard as we see some de-leveraging. Chinese stocks continue to get hit hard, with Baidu.com (BIDU) and Sina (SINA) seeing heavy selling. BIDU is certainly the cream of the crop in the…
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