Closing of Turbulent Times

Currently, the market feels somewhat unsafe. You don’t know how long the upward momentum will last or whether you should chase.

On Tuesday (March 17), there was a heated discussion about the tech sector crashing, with chemical stocks poised to hit new highs. By Wednesday (March 18), chemical stocks didn’t even give a chance to break free, while overseas leaders like Yizhong Tian experienced sharp profit recovery.

On Tuesday (March 17), many said they would clear their positions and stop playing, saying goodbye at 3800 points. By Wednesday (March 18), the market hit a bottom, and it’s unclear if the experts have returned.

Wednesday (March 18) saw signs of strength in oil transportation, efforts in commercial aerospace, and Alibaba Cloud’s price hikes. Domestic sectors are trying to rally and prove themselves, but at the moment of their push, they still hold back their restless energy.

Today’s A-shares are in a chaotic state akin to the Five Dynasties and Ten Kingdoms period—changing leaders and flags daily. Today’s emperor might be crowned in yellow robes, but tomorrow could see him imprisoned or even executed, with no premium for the first-day surge. I don’t doubt these sectors; I just fear fleeting happiness that could collapse in a second.

In front of quantitative strategies, many teachers seem like inexperienced puppies, anxiously guessing the goddess’s mood every day. After finally learning how to make pancake wraps, they realize you don’t eat breakfast. After exerting effort to launch a quick attack, they hear you’ve moved on.

I spread my hands and kneel, mistaken for proposing romantically, but actually begging after being beaten down.

Having been led around like a dog for so long, I realize that quick attacks still mean going to Hong Kong stocks. Seeing Alibaba Cloud’s price hike strengthened my belief in domestic AI, so I directly jumped into Hong Kong stocks to chase new large-model stocks, without the internal worries of the big A-shares cloud computing rebound. I prefer AI hardware technology, with the only market-wide focus on Hong Kong chip assets being the Hong Kong Information Technology ETF (159131) and the Connect Fund (026755).

The index covers 42 Hong Kong tech companies, with SMIC holding a 15.32% weight. The top ten holdings account for 71%, showing high concentration. Excluding large-cap internet giants like Alibaba, Tencent, and Meituan, the focus is stronger on hard tech.

If you’re desensitized to war, foreign capital can allocate directly to China’s core assets, even targeting the heavily criticized Hengke Index.

For brothers still struggling in the chaos of big A-shares, referencing the history of the Five Dynasties and Ten Kingdoms, when people believed in the emperor’s strength, it was actually the later Zhou and Northern Song, which re-emphasized Confucianism and civil officials, that ended the chaos and unified the country.

Just as now, everyone thinks quant strategies are the main trend, with each taking turns to lead without a lasting core. But perhaps the real main trend is driven by fundamental factors.

(Source: Worker on Dongchang Road)

MACD golden cross signals formed, these stocks are showing good upward momentum!