A-share midday: Trading volume still above 2.5 trillion

$上證指數 sh000001$ Today's market was quite interesting. After a morning surge, it slowly came down, and the three major indices ended with slight declines, not maintaining the previous strong momentum. However, a key point to mention is that the trading volume is still above 2.5 trillion! This volume indicates that the market's buying power is quite strong and hasn't collapsed due to the pullback.

Looking at the intraday situation, the fluctuations were particularly large today, with several ups and downs. Fortunately, the sector rotation wasn't chaotic, and more stocks rose than fell. There wasn't a 'panic sell-off' where everyone was frantically selling stocks, indicating that the main forces controlled the market well. Another phenomenon is that recently, more people are inquiring about opening brokerage accounts and margin trading accounts, reminiscent of the market activity on September 24 last year, which is quite lively.

So, looking at it this way, today's volatility might have been deliberately orchestrated by the main forces—essentially to stabilize the market and prevent emotions from becoming too excited or too frenzied. There might be a pullback coming, but the extent is expected to be small. The main forces want to control the pace of the bull market, ensuring it doesn't move too fast and go off track. Honestly, there's no doubt that the market is entering a bull phase now; the focus is on making this bull market last longer and more stable. Since the overall trend is upward, there's no need to panic even if there's a pullback in between.

On the technical side, to ease everyone's mind: all three major indices are currently running above the 5-day moving average, and the moving averages are in a bullish alignment. As long as the 5-day line isn't truly broken, the market remains strong.

In terms of sectors, innovative drugs, military industry, technology (such as AI, computing power hardware, humanoid robots), and rare earths are the 'star themes' in the market right now, with funds rotating and speculating within them. Other sectors occasionally shine, but compared to these, they fall short. So, it's recommended to keep an eye on these themes, look for opportunities when they dip, and be cautious of the risk of short-term market pullbacks.

Now, let's talk about specific thematic opportunities:

1) Liquor
Today, liquor was at the top of the gainers' list, remaining strong throughout the day. The index's upward movement was largely thanks to liquor and pharmaceuticals. In terms of news, the State Council meeting mentioned continuing to stimulate consumption potential, which is undoubtedly good for liquor stocks. Additionally, a lot of new institutional funds and foreign capital have come in recently, and these funds love to buy large-cap stocks like liquor.

But a word of caution: most of the funds in the liquor sector are institutional, and the overall adjustment has been ongoing for the past two years. Many institutions are still trapped in it, and now it's just slowly rebounding from the bottom. The momentum isn't strong, and it's uncertain whether this trend can continue, so don't blindly chase the rise.

2) Humanoid Robots
In the afternoon, stocks in this sector started to rise. In terms of news, Zhiyuan Robotics began selling in its own store and on JD.com, indicating that robots are one step closer to true commercialization. Actually, humanoid robots aren't a new concept, and the industry has developed particularly fast this year, attracting a lot of funds and offering many speculative points.

However, the PEEK materials under it rose too sharply before and are now starting to adjust. In the future, you can look at other sub-sectors like motors and sensors, which might have opportunities for supplementary gains.