Market up, most stocks down—surprise possible tomorrow.

Today, the broader market was led by blue-chip stocks like banks and coal, and the two markets saw a high level of consolidation. In the morning, the market reached a peak of around 3931 points, just one step away from the previous high of 3936 points. However, due to the lack of volume in the market's rise and a significant outflow of domestic capital, the market saw a sharp drop. The market retreated to around 3899 points. At a critical moment, the "cosmic bank" led the banking sector to step in, pulling the market back from the brink. Ultimately, both bulls and bears temporarily shook hands, and the two markets closed slightly down.

The fact that the broader market did not fall today is mainly due to the strong performance of leading stocks in various industries. Zhongmei Energy and ZTE Corporation both surged over 7%, while Agricultural Bank, the cosmic bank, and China Shenhua all rose over 2%. With the rise of these stocks, it is difficult for the broader market to fall significantly. However, the two markets' individual stocks were not so lucky! Over 4200 stocks fell in the two markets, with less than a thousand rising. Market sentiment has reached a freezing point.

The good news is that in a bull market, every time sentiment reaches a freezing point, individual stocks in the two markets will generally rise. This is a typical "don't leave, fellow villagers" scenario. Do you think there will be a surprise tomorrow?

In the past three weeks, the broader market has fallen every Friday. In a bull market, there are more black Fridays, and in a bear market, there are more red Fridays. The main reason is that in a bull market, there is concern about news, and funds will withdraw in advance; in a bear market, there is anticipation of news, and funds will layout in advance. Therefore, we believe that tomorrow's broader market should be black, but a general rise in the two markets is still worth looking forward to.

The memory chip sector became the brightest star in the market today, with Demingli, Baiwei Storage, Jiangbolong, and Shannon Xinchuang all surging. The rise in this sector is mainly due to better-than-expected performance. In the past six months, global memory chip prices have continued to rise, and it is expected that in the fourth quarter, the price increase of server eSSD will reach more than 10%, and the price increase of DDR5 RDIMM will be about 10% to 15%. In addition, today there are two chip stocks, Youxun Shares and Ang Ruiwei, which also stimulated this sector, mainly by raising valuations. Later, there are still many unicorns such as Shanghai Microelectronics and Moore Threads to be listed. These listing tasks are not completed, the broader market will not end, and the technology stock market will not end. However, in the short term, we still need to pay attention to the risk of performance.

The military sector also performed strongly today. Chengfei Integration opened and hit the daily limit within a minute, and related stocks such as Changcheng Military Industry and Beifang Changlong followed suit. After the J-10 became famous in one battle, Chinese military industry is going global, and a certain country is preparing to place an order, which is a positive for this sector. In addition, the military sector has been adjusted for a long time, and the third-quarter report should also be good. Therefore, it is very normal for this sector to strengthen in the short term. In summary, in the current market, it is recommended that you pay attention to sectors with certain performance and sufficient adjustments, such as medicine, military, and memory chips.

Today, the sectors with the largest declines were photolithography machines, software, and robotics, which were the strongest sectors yesterday. Therefore, in a weak market, everyone should not chase the rise arbitrarily, mainly because it is not certain that you can withdraw the next day after entering on the first day, especially now that the third-quarter report is being released. For stocks that have risen significantly in the early stage and whose stock prices cannot support their performance, everyone should still pay attention to the risks.

Technically, today's broader market once again saw a high level of consolidation, indicating that there is greater pressure above 3930 points. The key point is that the broader market still has not broken through the previous high of 3936 points, and the risk of a double top in the broader market has not been lifted. However, from today's blue-chip stocks' efforts to protect the market, it is also difficult for you to expect a significant decline in the broader market. Overall, it is still oscillating between 3750 points and 3950 points.