Author: Yu Hanxin (Te Li Zhang)
At this moment, I would like to recite a poem: “New highs upon new highs, how many new highs there are!” But are these new highs truly what everyone desires?
Today, the number of gainers and losers shows that over 2000 listed companies chose to correct while the index reached new highs. The biggest winners today are likely the holders of technology stocks, aren’t they?
The issue of semiconductor chips is a recurring topic. To be honest, rational investors should consider reducing their positions given today’s market conditions, leaving the rest to market choice. The last time it was so hot, several chip ETFs were close to or reached their daily limit in the first quarter, and the previous instance was last year’s 924 market. Subsequently, some funds quietly took over and bore the burden.
Therefore, next week, when the market opens, caution is advised in the semiconductor chip sector. Taking profits is the true ownership; do not get overly excited! This is also why I previously mentioned paying attention to the rebound; it is essential to focus on the rebound! A question: Is Cambrian part of this rebound? Let me take this opportunity to show you.
The three technology stocks in the image basically bottomed out in April, then gradually rose, accelerating in June and July. These days, they are still maintaining a left-side trend; let’s take a look at Han Qiansui.
Han Qiansui bottomed out on July 10 and began to rise on the left side, accelerating in August. So, is Han Qiansui a bit slow? Is it part of the rebound?
Including Haiguang Information, my personal view is: in the semiconductor chip sector, consider reducing some positions to let profits run, and then look for low-level rebounds, which will be relatively safe!Do not increase leverage, do not add positions with floating profits, safety first!
Previously, when I connected with “Talking Stocks and Money,” I stated that the upper limit of this round should be 3800 points. Today, it directly slapped me in the face, standing firmly above it. However, I still hold the same view: pay attention to safety. I do not see the core factors for further upward movement. The only thing I can think of is liquidity; only as it rises can it attract follow-up buying. Only when the market goes crazy can people abandon their holdings to chase the rise, and when the main force’s chips are distributed enough, the semiconductor and chip market will abruptly stop.
Therefore, next week is crucial for semiconductors and chips; will it continue the game of passing the parcel or distribute at high levels? Next week will definitely set the tone.
A slow bull market is certain, but it is not a structural bull; rather, it is a rotational bull. Previously, it was banks, then it was Yaxia, and now it is the rebounding semiconductors and chips. Who will be next? I might lean towards central state-owned enterprises and artificial intelligence.
In conclusion, pay attention to the liquidity brought about by an overheated market, which may trigger a liquidity correction.
That’s all,OVER!
Personal opinion, for reference only!