Without passion, it becomes a dead pool. -3.16 review

Today, the three major stock indices showed mixed gains and losses, but all rebounded from their lows. Overall, the market remains steady as a rock, thanks to continued intervention and support from mysterious funds. Interestingly, today’s market protection was not led by the Shanghai Composite Index but by the ChiNext Index, which was unexpected. Although market investors don’t feel much warmth from the protection efforts, the stability of the main indices prevents emotional bloodbaths and injuries in the overall market, which is also a form of protection for investors. As for the future of the main indices, it’s hard to see them turning bearish because, under the influence of mysterious funds, the market simply cannot fall significantly. [Taoguba]

Although today’s trading volume slightly decreased, the market maintained a turnover of over 20 trillion yuan. While this volume isn’t large, it’s still reasonable. Currently, market sentiment is weakening more and more, with no enthusiasm left—like a dead pond with no momentum for bullish moves. This situation means no funds are willing to continue the rally, and even the first-mover stocks are beginning to decline. Sector rotation is now the main trend, with no clear main line. Daily sector performances are entirely random. If this continues, making money in the market will become increasingly difficult. As profits decline, hot money will choose to stay on the sidelines, leading to a vicious cycle in the market ecosystem.

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Market situation today:
The three major indices dipped in the morning but recovered V-shaped, with mainly sideways movement in the afternoon. The Shanghai Composite Index fell 0.26% to 4,084.79, Shenzhen Component Index rose 0.19% to 14,307.58, and the ChiNext Index increased 1.41% to 3,357.02. Total trading volume was 2.3399 trillion yuan, down 77.4 billion from the previous trading day. Sector-wise, the more active sectors included chips and semiconductors, communications, and ST sectors.

1. Actual number of stocks hitting the daily limit: 63; stocks hitting the limit down: 13; limit-up rate: 73%.
2. Number of advancing stocks: 2,843; declining stocks: 2,494.

Market summary: The overall market had more gainers than losers, with average profit effects. My futures account is still actively trading, but today’s operations and results were quite average, so I wasn’t particularly happy. However, this doesn’t affect my enthusiasm for futures trading. My short-term account remains fully invested in oil stocks. Oil and gas stocks opened strongly for about ten minutes but then retreated. Overall, the oil and gas sector performed quite averagely. Compared to previous days, the sector is gradually normalizing. For a full recovery, new highs in oil and gas stocks are still needed. Market comments on oil and gas are also becoming more normalized, with fewer negative voices; some previously bearish views are turning bullish. The only abnormality now is that the price movements of crude oil and the oil and gas sector are no longer correlated, showing independence.

My plan is to post thoughts and strategies tomorrow morning in a thread comment.

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High-emotion zone (2):

Sanfangxiang - Chemical, 3 consecutive limit-ups,

Farsen - Optical fiber concept, 3 consecutive limit-ups,

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Second-tier upgrade zone (4):
(1) Jingtou Development - Planning to spin off real estate, 2 consecutive limit-ups,
(2) Chitianhua - Urea + methanol, 2 consecutive limit-ups,
(3) Yaxiang Integration - Clean rooms, 2 consecutive limit-ups,
(4) Xihua Technology - Wind power, 2 consecutive limit-ups,

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Special thanks to @YuziQingqing for tipping 500 points, brother’s big support.

Thanks to @WoZhiYou2K, @Belike377, @AiiAiiAiiAiiAii, @Jiulin, @Jiaoye for your support and tips.
Thanks to all the friends for liking and commenting, supporting all along.
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Disclaimer: The views expressed are personal thoughts and records only, not investment advice. Keep a good mindset, and may the stock market have a long rainbow.