The index has seen five consecutive increases, but this has not translated into a five consecutive increases in accounts. Yesterday, the main funds barely had a net inflow of 800 million, achieving a rare consecutive net inflow for the main funds over two trading days. However, the net inflow over these two days cannot match today's massive net outflow of 54.8 billion in just one day. From the main funds' movements, there is often a significant net outflow following a net inflow, indicating that the inflow is for better outflow; the rise is just to sell off. From a short-term trading perspective, each net inflow by the main funds may indicate a good exit opportunity for short-term traders.

Although the index showed a medium positive line yesterday, with more stocks rising than falling, many individual stocks actually faced a pullback after reaching highs. The number of stocks that closed up was much less than those that rose in the morning, and most of those who chased the rise ended up being trapped. Therefore, investors' sentiment is quite poor today, with a significant drop in the number of rising stocks, only 1500 stocks increased, while more than 3800 stocks declined, yet the trading volume was larger. Everyone keeps emphasizing that an increase must be accompanied by volume. Today's volume did increase, and the index rose, but the average increase of individual stocks is declining. The index and individual stock performances are diverging, so should we say there's an increase in volume or a decline? The key depends on the perspective from which you view it.

Last night, the commercial aerospace sector in the US surged significantly. There are many positive developments in the A-share market regarding commercial aerospace. Tomorrow, the third Commercial Aerospace Development Conference will open in Beijing. Even more exciting is that this morning, China Aerospace Science and Technology Corporation's "Long March 12甲" reusable rocket is set for its maiden flight! Coincidentally, the maiden flight of the Long March 12甲 launch vehicle successfully entered orbit, but the recovery did not achieve the expected results. This negative news dealt a fatal blow to today's commercial aerospace sector. Of course, the commercial aerospace sector had already seen substantial gains recently. After surging yesterday, it faced a pullback. Given today's mixed news, it is understandable that it weakened. This repeatedly reminds everyone not to chase after short-term hot sectors, as it may lead to losses.

Today, the strongest sector is lithium batteries, with various batteries rising. Companies like Dongfeng and Tianji shares have hit the upper limit, while Tianci Materials and Dazhong Mining have also seen significant increases. In the chip sector, Hongda Electronics, Meiye Technology, and Tongfei Shares have strongly hit the upper limit of 20 centimeters, with many others like Yingweike, Guofeng New Materials, and Shenzhen Star rising strongly by 10 centimeters. The chip sector has over twenty companies with increases exceeding 9 centimeters; the chip sector remains active at high levels.

With only 6 trading days left in the battle for 2025, it is difficult for the market to produce the kind of strong year-end rally that everyone imagines. The height of the upward rebound must be exchanged for the depth of the downward sell-off; otherwise, it will just be back and forth. Opportunities remain structural, and whether one can make money depends on whether they can grasp the hotspots. Most hotspots cannot be chased after a large increase; only by waiting for the wind to come can one ambush in advance. Although there is a divergence within commercial aerospace and major consumption, the core driving force for the market's upward repair remains with "big technology and big consumption." Patience is required to hold onto high-potential stocks.