2.67 trillion in volume, who is buying the dip and who is fleeing?

Prize Opening, Chengdu North First Ring Practical Tips Portal: [Taogu Ba]

The first practical technical post: High Elastic Thinking (20cm and Convertible Bonds Series)

The second practical technical post: Practical Cases of High Elastic Play (20cm and Convertible Bonds Series)

The third practical technical post: 10cm One-Word Direction, Three Major Trading Ideas (20cm and Convertible Bonds Series)

The fourth practical technical post: The Innovative One-Word First Opening Mode, Trading Ideas for Continuously Limit-Up Stocks under Revaluation

The fifth practical technical post: Classic Revisit, The Common Weak-to-Strong Mode

The sixth practical technical post: The Only Technical Explanation of the Three-Board Weak Market Mode

The seventh practical technical post: Thirteen Sister Mode Technical Explanation

1. Deep V Rebound, But Don’t Celebrate Too Early

Today’s market is interesting.
In the morning, panic was triggered by Middle East tensions, but in the afternoon, a sharp V-shaped rebound occurred. Shanghai Composite -0.67%, ChiNext -0.64%, looks like a decline, but on the candlestick chart, there is a long lower shadow.
Volume: 2.67 trillion, with an increase of 450 billion.

What does this indicate? It shows that funds are bottom-fishing. And it’s not small trades; real money is rushing in.
Compared to the panic during the initial Middle East flare-up last week, today’s A-shares reaction is noticeably calmer. The index hit bottom and then rebounded strongly, indicating the market is starting to move independently, returning to medium- and long-term logic.
But don’t get too excited yet.

Only 3,900 stocks declined, with poor limit-up rates. This is a typical pattern of stable indices but suffering individual stocks. Profitability is concentrated in a few main themes, most people are losing money.

2. Lobster Becomes a Spirit, 16 Stocks Hit Limit Up

Today’s absolute protagonist—computing power (Lobster concept), with 16 stocks hitting limit up, including batch hard-core 20cm limit-ups.

Top limit: Meiliyun (3 limit-ups)
Second-tier: Ningbo Construction, Tuowei Information (2 limit-ups)
First batch: UCloud, Borui Data, China Great Wall, Hongjing Technology, etc.

What’s the catalyst? OpenClaw ignited the tech circle.
Giant companies like Google, Tencent, Xiaomi are rushing to seize the market, pushing OpenClaw from a geek toy to a mainstream tool. Isn’t this narrative sexy?

But I want to pour cold water. Today, hardware related to computing power (CPO, optical fiber) fell the hardest. Leading declines: Guangku Technology, Luobotke, Hengtong Optoelectronics.
This indicates funds are betting on leasing computing power—light assets—not heavy hardware. Why? Because leasing stories are easy to tell, valuations are easy to inflate, and retail investors are easy to deceive.
Hardware? Slow to realize performance, high capital expenditure, not favored by institutions.
This is the reality of A-shares.

3. Power Sector, I’m Optimistic

13 stocks hit limit up, with Shun Na Shares leading with 4 limit-ups.

Two core catalysts:
The US $75 billion power transmission expansion project, with transformer exports booming. These are real orders, not PPT hype. The inclusion of power coordination in the government work report is a policy endorsement and a national strategy.

Check the龙虎榜—
Ziyang East Road: State Grid South Self 210 million, GCL Energy Science 210 million, Southern Grid Energy 130 million
North First Ring: Tuowei Information 200 million, China Great Wall 100 million
Urban Management Hope: China Great Wall 160 million, Tuowei Information 81 million

Heavy positions in power on Ziyang East Road, heavy positions in computing power on North First Ring and Urban Management Hope.

Two major funds are each targeting one direction.
This shows that real money is backing these two themes, not retail hype.

4.龙虎榜, Big Funds Rebalance

Ziyang East Road: 210 million in State Grid South Self
Main focus: Power grid
Today, Ziyang East Road was the most aggressive, with stocks exceeding 100 million on the list. And it’s smart—avoiding chasing high-priced computing power, instead deploying low-priced power stocks. This anticipates the power coordination catalyst.

North First Ring: 200 million in Tuowei Information, main focus: Computing power
Today, North First Ring went all-in on computing power, with Tuowei Information buying 200 million, China Great Wall 100 million. This is a bet on tomorrow’s two sessions’ catalysts.

Zhang Mengzhu: High and low trading, 120 million in Hongjing Technology, sold 130 million in Tuowei Information
Today, Zhang Mengzhu adjusted positions—bought 120 million in Hongjing Technology, sold 130 million in Tuowei Information. This is repositioning, not fleeing. Don’t panic just because of selling.

Institutions: 3 bought in Dongyang Sunshine totaling 940 million, 4 sold in Hengli Petrochemical totaling 460 million
What are institutions buying and selling? Buying Dongyang Sunshine due to dual concepts of chemicals and computing power. Selling Hengli Petrochemical due to oil and gas retreating after a spike. Their instincts are always sharper than retail investors.

5. Sentiment Cycle, 4-Board Critical Point

Continuous limit-up teams:
4 boards: Wangli Security, Shun Na Shares (2)
3 boards: Meiliyun (1)
2 boards: 8 stocks
Total: 11 stocks with 4 limit-ups.

According to sentiment cycle theory, when the limit-up count is less than or equal to 3, the probability of higher limit-ups the next day is higher.
Now, 4 boards is a critical point. If tomorrow can advance to 5 boards, the sentiment can open up. If not, it may pull back again.

Who to watch? Shun Na Shares (Power) vs Wangli Security (Smart Economy). I personally favor Shun Na Shares. Why? Because power has sustainability, policy support, and institutional backing. Wangli Security? Too single-themed, purely emotional speculation.

6. Tomorrow’s Strategy, Three Main Lines

1. Computing Power (Lobster) Logic: OpenClaw Catalyst + Two Sessions Policy Expectations
Limit-up: Meiliyun (3 limit-ups)
Focus: Tuowei Information, China Great Wall, UCloud

2. Power Grid Logic: US $75 Billion Orders + Power Coordination Policy
Limit-up: Shun Na Shares (4 limit-ups)
Focus: State Grid South Self, GCL Energy Science, Southern Grid Energy

3. Two Sessions Catalysis: Policy releases during the sessions
Themes: Computing power, stablecoins, Huawei Chain
Strategy: Pre-position, wait for catalysts. During the sessions, daily policy releases occur—pre-position related stocks, and exit once news lands.
Focus: Tuowei Information (computing power), Yuyin Shares (stablecoins), Chengmai Technology (Huawei)

7. Risk Warning, Avoid Pitfalls

1. Oil & Gas Chemicals: Don’t chase the opening of oil & gas chemical stocks today; most got caught in a big drop. Why? Because Middle East tensions are emotional catalysts, not fundamentals. When oil prices fall, these stocks collapse. Ziyang East, Zhang Mengzhu are all selling oil & gas chemicals. Funds are fleeing; what are you chasing?

2. Computing hardware: Be cautious with CPO and optical fiber, which led declines today. Why? Because funds are betting on leasing computing power, not hardware. Hardware performance realization is slow, institutions dislike it. Don’t chase hardware just because computing power rises. These are two different logics.

3. Poor limit-up rates: Low tolerance indicates low market error margin. In such markets, don’t heavily concentrate on one stock. Diversify and trade quickly—buy low, sell high.

8. Personal Note

I know many people have lost money recently. The market is tough, the ecosystem competitive, quant strategies dominate, and relay strategies are failing.

But I want to say, the market is always changing; only human nature remains constant. No matter how advanced quant strategies are, they are based on execution. They have no faith, no big picture—only discipline.
And what’s our advantage as retail investors? Patience, waiting, and maintaining clarity amid chaos. Today’s market is actually quite clear. Computing power is the main theme, power is a supporting theme, oil & gas are traps. Just follow the funds, follow the logic, and that’s enough.

Don’t overthink, don’t diversify excessively, don’t be greedy.
The market is tough, but it’s not hopeless yet. Stay patient, control your positions, follow the main themes. See you tomorrow.

【Disclaimer】This article is a personal review record and does not constitute any investment advice. The stock market involves risks; please trade cautiously. All trading decisions are your own responsibility.