Today, before the market opened, I took a quick look at the overnight trading. The US stocks were mixed, with most Chinese concept stocks not showing much movement. However, precious metals caught the eye — silver hit a new historical high, surging by 4.31%, and gold also rose by 0.45%.

A few noteworthy news items:
Nvidia's H200 chip sales to China may be approved, which is good news for the AI industry chain. There are whispers from the Federal Reserve that there is still more than 25 basis points room for rate cuts, and liquidity expectations are beginning to loosen. Domestically, Alibaba has established the Qianwen C-end business group to push for AI super applications; Huawei is also increasing investments in large models. Additionally, the retail industry conference is underway, focusing on the sinking market and new business formats, and the strategy of Pang Donglai might be promoted.

From a technical perspective, the short-term oscillation pattern remains unchanged. Support is around 3900 points, with resistance at 3960 points. The hotspots are quite clear:

Straits concept is the strongest, with Anji Food leading with 6 consecutive boards, Longzhou Co. following with 5 boards, forming a complete echelon. The new retail sector is led by Haixin Food and Dongbai Group, with Jiumuwang and Yonghui Supermarket following suit. Commercial aerospace is starting to differentiate, with Leike Defense taking 7 boards in 12 days, successfully upgrading Longzhou Co. to a leading position. In the AI sector, stocks like Furong Technology, Ultrasound Electronics, and ZTE are still active.