We published a list of chinese stocks last week. The criteria we used was very simple: if 10 DMA was above 30DMA, a stock qualified. The result is not too rosy: stocks on average lost -6.5% between 6/6 - 6/13.

Well, it is also noteable that last week was a bloodbath for Chinese stocks not just in the U.S. but worldwide. The Hang Seng Index in hog Kong lost 1,810 points from 24,402.18 points to 22,592.30. This is a 7.4% drop just in one week!

							Technical
Stock	Ticker	5/23/2008	6/6/2008	6/13/2008	% change		>50 Day	>200 Day	Inc. volume	10DMA>30DMA
UTS Starcom INC	UTSI	4.80	5.53	5.46	-1.3%		1	1	1	2
The9 Ltd.	NCTY	25.89	25.77	25.97	0.8%		1	1	1	2
Solarfun Power Holdings	SOLF	22.80	21.64	18.74	-13.4%		1	1	1	2
American Oriental	AOB	11.90	11.17	10.56	-5.5%		1	1	1	2
China Finance Online Ltd.	JRJC	24.57	21.01	17.42	-17.1%		1	1	1	2
Hurray! Holding	HRAY	2.97	3.09	3.04	-1.6%		1			2
China Gren Tech	GRRF	5.00	5.19	4.88	-6.0%		1			2
Netease.com Inc.	NTES	22.75	23.45	22.99	-2.0%		1	1		2
Asiainfo Hold. Inc.	ASIA	13.75	13.97	13.70	-1.9%		1	1		2
Trina Solar Ltd.	TSL	44.94	45.00	38.99	-13.4%		1	1		2
3SBio Inc.	SSRX	10.82	10.82	9.55	-11.7%		1			2
Kongzhong Corp.	KONG	4.55	4.50	4.33	-3.8%		1			2
Ninetowns Digital World	NINE	2.60	2.57	2.46	-4.3%		1			2
Huaneng Power Inc.	HNP	33.74	33.22	32.91	-0.9%		1			2
Elong Inc.	LONG	8.09	7.89	6.00	-24.0%		1	1		2
51Job Inc.	JOBS	19.67	18.88	17.33	-8.2%		1	1		2
Sinovac Biotech Ltd.	SVA	4.09	3.92	3.90	-0.5%		1			2
Sina Corp.	SINA	53.27	50.91	48.14	-5.4%		1	1		2
Sohu.com Inc.	SOHU	87.52	83.28	79.43	-4.6%		1	1		2
Comtech Group	COGO	14.02	12.93	10.00	-22.7%		1			2
Yanzhou Coal Mining Co Ltd.	YZC	109.21	97.81	100.30	2.5%		1	1		2
China NetCom Group Corp.	CN	68.50	55.64	56.55	1.6%		0			2

Hope next week will be better. Or may be not?...

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