The last time I made an update on Baidu.com (BIDU) and Google (GOOG) was June 6, when both stocks just made new all-time highs! At the time, I cautioned readers that these two stocks may need to rest a bit before going higher.
At the end of last week, the markets continued to rally! Thanks, in part, to the tame PPI and CPI. BIDU has already taken off again:
After a week of rest, BIDU jumped with the market rally! BIDU closed last week above its daily MAs and its MACD is rising again. It looks like BIDU could be on another breakout path to make new highs!
So, what about GOOG?
GOOG also took some time to vent, as I had suggested in my last article. GOOG was kept near 500 last week, perhaps because of the options expirtaion. I think if the markets are ready for their next leg up, GOOG should be too! And, GOOG has a lot of room to go up from here!
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
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[…] there were certainly pockets of high flyers (CMI, BWLD, JCG, RL, EXPE, and let’s not forget, BIDU!! Do you think Cramer saw my article? =D). The commodities made some positive moves today and […]
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