Above is a daily chart of KWEB which is the ETF for the Chinese Internet stocks. Below that is a daily chart of SPY. As you can see while SPY breaks down below the August lows KWEB puts in a much higher low and is now testing the highs for the year.
Some Chinese Internet stocks that are leading the charge are BABA, MOMO, SINA, SOHU, NTES, and BZUN to name a few.
