Bottoming out and rebounding, a broad-based rally!!

$SentinelOne(S.US)hanghai Composite Index sh000001$ Tuesday's market finally saw a breath of relief! After hitting the bottom and rebounding throughout the day, both the main board and the ChiNext Index surged over 1%, with almost all sectors in the green—a clear broad-based rally. This served as a decent recovery from last week's consecutive freezing-point conditions.

In terms of sectors, space photovoltaics and commercial aerospace exploded, leading the gains. Tech tracks like computing power and semiconductors also took turns being active, while banking and baijiu lagged slightly, closing with minor losses.

Actually, during last night's review, I mentioned that if we saw another adjustment like the one on April 7, how many people could seize the opportunity? Today's movement confirmed this—a slight positive news made yesterday's panic-driven lows completely unreachable. Many sectors that withstood the adjustment, like AI applications and space photovoltaics, didn’t even wait for the index to confirm a rebound and rushed ahead early.

Looking at the indices, the main board filled the morning's gap at the open. What does this mean? It means the current reversal sentiment isn’t strong yet—at most, external pressures are slowly being digested, and the main players can no longer use yesterday’s aggressive sell-off tactics to achieve adjustment targets. The morning low hit 4X02 points, superficially holding the 1,000-point mark, but the main players’ stance is clear: this 1,000-point threshold is already hanging by a thread.

Combined with the time window I discussed earlier, the market was already at a relatively high level before the Spring Festival. To complete the C-wave target—touching the 144-day moving average and breaking the integer threshold—it’s highly likely this can only happen this week. Cherish Tuesday’s rebound; if you missed it or didn’t get chips, don’t panic—the washout period isn’t over yet. Of course, if you entered earlier following extreme-fear signals, ignore the index fluctuations and hold steady. This early-February episode is just normal volatility in a slow-bull market—no need to overreact.

Based on Sunday’s assessment, as long as the market holds key levels over the next two days, there’s still room and opportunity for pre-holiday recovery.

That said, after the recent surprise plunge in precious metals, it won’t be easy for the market to stabilize quickly. Today’s themes were highly scattered, with at least 3-4 main themes moving, but trading volume slightly shrank.

Without incremental funds entering before the holiday, the current 存量博弈 (stock game) setup can’t sustain so many themes rising simultaneously. The market will likely enter a healthy 震荡 (fluctuation) phase, needing time to gather upward momentum.

Now, let’s look at key sectors and stocks—straight to the 干货 (key points):

1. Nonferrous Metals

After two days of declines, nonferrous metals finally rebounded today due to weaker external selling pressure. But rebuilding short-term market confidence won’t be easy. Compared to commercial aerospace’s adjustment, nonferrous metals face additional external interference, leaving the initiative out of our hands.

My advice: use today’s rebound to stay defensive if you seek stability—don’t blindly add positions. If you have rebound profits, consider some 差价 (spread trades).

For resource sectors, chemicals offer relatively lower volatility and have been in an upward channel—like today’s 涨停 (limit-up) in Hongbaoli, which could serve as a reference. Mid-to-long-term, my view on metals remains unchanged: the core upward logic holds, and opportunities remain.

2. Commercial Aerospace

Commercial aerospace surged today, a delayed recovery from yesterday’s sentiment, but stronger than expected. Areas like aircraft engines and reusable rockets stood out.

Space photovoltaics, mentioned in Sunday’s article, led the charge, with multiple stocks hitting limit-ups. But this is still a post-pullback recovery; without full market stabilization, sustained rallies will be tough.

Operationally, control 仓位 (positions) during rebounds—avoid chasing highs and wait for pullbacks to buy low. This sector never lacks catalysts, and another wave is likely ahead.

For now, focus on SpaceX-related themes or western launch base concepts like Juli, which has reclaimed lost ground. But in low-volume conditions, these are more trend plays—look for dips near moving averages.

3. Tech

Tech rebounded today from misjudged sell-offs. As the market’s main force, tech drove sentiment 回暖 (recovery), with computing hardware and chips/semis rebounding to varying degrees. Hanwang’s intraday 波动 (volatility) from rumors didn’t derail the broader repair.

While some stocks show daily-level adjustments, weekly trends remain upward. With major players’ capacity expansions complete, earnings expectations are solid. Stay focused on optical modules and memory chips for 逢低布局 (buy-on-dip opportunities).