Geopolitical alert lifted, the tech king returns! Trillions of funds are reallocating, and a new main theme has been established.

** Short-term Core Concept: Unity of knowledge and action, operate within your own model understanding, focus more on personal growth internally, control position sizes to manage drawdowns, slow is fast. **[Taogu Ba]

Refueling vouchers must reach 7 to become a highlight. Friends who want to add fuel can wait until the weekend summary post to do so. Thank you~

Today’s Operations:

Tuesday:

Holdings: Aerospace Development, China Satellite, Intercontinental Oil & Gas, Yasheng Group

1. Zhangyuan Tungsten affected by oil and gas, sold off early and then rebounded to move along the moving average;

2. Yasheng Group hit the board, Intercontinental Oil & Gas followed with a limit-down rebound, and in the late session, collected Aerospace Development and China Satellite;

Today’s Summary: The market’s “Wheel of Fire” is rotating rapidly, so we can only lay out positions first. The next day, whichever stocks rise without hitting the limit, just exit.

Market Analysis Today:

Today, all three major indices rose across the board, with the ChiNext Index surging over 3%, Shenzhen Composite up more than 2%, and Shanghai Composite up 0.65%. Most stocks rose, with over 4,500 stocks in the red, a rare broad rally. However, the trading volume shrank to 2.4 trillion yuan, about 250 billion less than yesterday. What does this mean? It indicates that after yesterday’s panic selling, those who wanted to sell have mostly sold, reducing selling pressure today. The bulls used relatively less money to lift the indices, which is called a “volume-reduction rebound.”

The biggest highlight today is “The Great Shift of the Universe.” Capital’s attitude did a 180-degree turn: yesterday, oil and gas, gold were desperately pushed in; today, they were ruthlessly abandoned. Conversely, tech growth stocks that were heavily sold yesterday became the favorites today. The core logic behind this is two words: expectations. The external war alarms (reportedly) have been lifted, and risk appetite has immediately returned.

Today’s main themes are very clear, with three distinct strengths:

Strongest theme: AI computing hardware (CPO/PCB/Semiconductors). This sector exploded today, becoming the brightest star in the market. CPO optical modules, high-end PCBs, semiconductor equipment—these sectors surged to daily limit. Why so strong? The reason is simple: the biggest external pressure (geopolitical risks) eased, the biggest obstacle for tech stocks was removed; internally, “computing and power synergy” was included in the government work report, giving strong policy support. Capital believes that future AI computing demand is real and solid, with the strongest logic, so they flocked in.

Weakest theme: Oil & Gas, Coal, Chemicals. Yesterday still hot, today turned into a “cow lady” (a term for a declining sector). International oil prices collapsed, causing these sectors to hit the limit-down wave. This fully shows that the funds rushing in yesterday were purely speculative and short-term, and once the trend turned, they ran faster than anyone. The trend of this line depends heavily on oil prices, with extreme volatility.

Follow-the-leader support line: AI applications, Robotics. Driven by the big brother (computing power), these smaller sectors also became active. Especially the “Lobster Farming” AI project (OpenClaw), which remains popular. Tencent and Alibaba have entered, and Shenzhen has issued special policies to support AI applications, adding fuel to the fire. However, they are still followers; when the big brother (computing power) is strong, they are strong too.

Key details on the market that must be understood:

Volume-reduction rally is both good and risky. Good because it shows that after yesterday’s panic selling, fewer people want to sell, and selling pressure has eased. Risky because the incremental funds today are not large, and everyone is still hesitant. So, the sustainability of the rebound needs tomorrow’s volume to confirm.

Northbound funds have returned. Today, they bought over 8 billion yuan, mainly in semiconductors and AI tech stocks. The shift in foreign capital is a positive signal.

Institutions are back. Today’s leading stocks like CPO and PCB are mostly held by institutions, not just retail hype. This indicates that medium- and long-term funds with fundamental logic are entering, making the trend potentially more stable than pure speculation.

Next week, focus on these key points:

US inflation data (Wednesday CPI, Friday PCE): This is the top priority for global markets. Good data (cooling inflation) will ease concerns for growth stocks worldwide; bad data (rising inflation) may revive rate hike expectations, suppressing tech stocks.

Domestic Two Sessions closing: Watch for policies related to “New Quality Productivity” (like AI, high-end manufacturing) that are more detailed or beyond expectations. If such policies emerge, they will be new catalysts.

Industry conferences: Hangzhou will host the Global Artificial Intelligence Conference, with giants like Huawei and NVIDIA attending. Watch for new developments or directions.

Trading strategies and suggestions:

Clarify your main direction. The market style has shifted back to tech growth, so don’t chase cyclical stocks anymore. Focus firmly on AI computing hardware—core sectors include computing and power synergy, CPO, high-end PCB, and semiconductor equipment. Avoid bottom-fishing in the plunging oil & gas, coal sectors; it’s risky.

Don’t chase highs; wait for pullbacks. After today’s broad rally, tomorrow will likely see some differentiation. For core stocks (like those hitting the limit today), wait for a retracement or a test of the 5-day moving average before entering. Don’t rush in at the open.

Positioning can be more active but not fully maxed out. As market sentiment improves, you can be slightly more aggressive than before, but since volume hasn’t fully recovered, leave some room. Suggest raising positions to 50-70%, allowing for attack and defense.

Stay alert to news. Pay close attention to US inflation data and domestic policies. Good data + supportive policies mean optimism; negative news means tightening.

Summary:

Today’s rebound is a classic expectation reversal. Capital shifted from risk-averse cyclical stocks to future-oriented tech growth stocks. AI computing hardware has become the new consensus and main focus. In operation, follow the trend, stick to this main line, and use market fluctuations to find entry points. Meanwhile, stay sober—trading volume has not fully recovered, and the rebound may be bumpy. Remember, in this structural market, choosing the right direction is more important than guessing index movements.

Growth Philosophy:

My personal philosophy is “fish first, then fishery.” Fish isn’t something you master in a day or a week, but catching fish gives you the capital to learn from mistakes. The first step in fishing is to improve your aesthetic judgment, not to do technical analysis, because you don’t have a complete model. Relying on a single indicator is more likely to be superficial. Cultivate your aesthetic, focus on core, and sense the high premium of prediction and deduction. As the saying goes: “Read three hundred Tang poems thoroughly, even if you can’t compose poetry, you can recite.”

For learning systems, either learn correctly to achieve efficiency or explore on your own. The worst is being misled during the novice phase, learning all sorts of jargon without understanding where it comes from. Many newcomers use a set of terms but don’t know their origins, and what they say is often wrong. Sometimes, when you try to correct them, they stubbornly cling to their misconceptions—because they’ve learned a lot of junk and their thinking is rigid. They can’t understand the worldview of stocks; everything is conspiracy theory, luck-based, and backtesting is useless. They just pick stocks blindly, believing success or failure is predestined.

I believe “fish first” because once people start eating the fish, they will correct their understanding of the market and admit that their previous flawed approach was wrong. If you follow for more than a month, you’ll notice your stock-picking aesthetic gradually improves—this is the effect. One day, you’ll realize that your view of the market has changed; all K-line and stock movements become clear, and enlightenment is built on solid foundational knowledge and daily practice.

Therefore, the direction of learning is very important. If you lack insight, you need to follow others. There are countless paths in the大道 (the great way), and you will find the one that suits you. Welcome more friends to join us in exploring the vast universe of stars and seas every week!

Enlightenment Post:

Thanks to @Jijing Rushui and @Time-Space Art for their support with refueling vouchers!

Thanks to @BigHeadPig, @GabeStock, and @StarrySkyForYou for their tips and support!

Wishing all friends who like and support us a long-lasting success in the stock market in 2026!