Likes ReceivedA-share market review: Roller coaster ride!!
$SSE Composite Index sh000001$ Today, the market experienced significant intraday volatility. By the close, the three major indices showed mixed performance. The trading volume was 2.68 trillion, a sharp drop of over 460 billion yuan compared to yesterday. The market rebounded several times during the day, indicating strong underlying support. However, in the final minutes, bears suddenly pushed prices down sharply, and the bulls couldn't hold the line. Although today saw a pullback, it was within our expectations, so there's no need to panic just yet.
From a technical perspective, the index is still above the 5-day moving average, though it's somewhat distant from it. Today's candlestick formed a high-level doji, and the daily RSI indicates overbought conditions. Given this, a short-term pullback seems likely. After all, the market has been accelerating upward recently, and today's minor correction isn't quite sufficient.
But don't worry too much. Given the current market sentiment, the pullback won't be too severe—it might just take time to digest, trading time for space. Regardless of how the index moves next, the market continues to rotate between high and low sectors. For sectors undergoing corrections, keep a close eye; for high-flying sectors, avoid chasing rallies.
Now, let's look at opportunities in thematic stocks.
1. Gaming
The gaming sector performed exceptionally well today, leading the market. Even during the late-session sell-off, it held steady. On the news front, the National Press and Publication Administration officially released the August game license approvals: 166 domestic online games and 7 imported games were approved, totaling 173—a monthly high for the year. In recent years, the gaming sector has been deeply influenced by AI development, serving as a key area for AI applications. Thus, gaming and AI concepts are closely linked; any movement in AI usually quickly reflects in gaming.
Short-term, the broader market may correct, potentially dragging gaming down. But medium-to-long-term, with tech stocks trending upward, policy and earnings support, and AI-driven momentum, the gaming sector still has room to rise.
2. Consumer Electronics
Consumer electronics rebounded against the trend in the afternoon, with stocks like Lens Technology and Goertek hitting the limit-up. Reports suggest Apple plans a major three-year design overhaul starting with the iPhone 17 series in September, aiming to boost its flagship appeal. In this rally, consumer electronics has been a steady performer, with its concept index repeatedly hitting record highs.
However, consumer electronics isn't as flashy as some themes and often gets overlooked. It's actually closely tied to AI—products like AI phones and AI glasses rely on consumer electronics—so keep an eye on opportunities here.
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