Today two monster stocks broke out on the highest volume of the past year for $BABA and the 2nd highest volume of the year for $BIDU.

$BABA’s average 10 day trade volume is 17 million shares, today it traded 72.5 million shares during market hours and another 25 million shares in the after hours and closed up 3.32% on the day. This was a huge amount of bullish bets on $BABA for the highest volume day in the past year.

baba2015

$BIDU average 10 day trade volume is 3.86 million shares, today it traded 18 million shares during market hours and another 8 million shares in the after hours and closed up 6.03% on the day. This was a huge amount of bullish bets on $BIDU for the second highest volume day in the past year.

BIDU2015

Something special has started in these two Chinese stocks which appears to be heavy accumulation and bets on higher prices to close out the year.

Both these charts show strong momentum and a potential for a strong run.

Full disclosure: I have been long $BABA for a week.