Let me start with this: scammers have been especially rampant lately. If anyone proactively contacts you or chats with you using my name, it’s 100% a scam. Remember, there are more real scammers than fake news.

What’s the market situation now? One word—cold.

The recent market is bizarre, with no clear pattern at all. When there’s no main theme, quant funds go all out on arbitrage—dumping hard, then quietly buying back at floor prices, leaving retail investors completely baffled. Today, A-shares saw over 120 billion less in trading volume. The ChiNext Index plunged in the morning and rebounded in the afternoon—this is just quants playing spiral operations. Nearly 4,000 stocks are down; the market is frozen to the core.

This morning, the leading sectors were robotics, semiconductor equipment, and commercial aerospace. But if you look closely, it’s all hype and chasing overseas trends. Robotics are hot because big Silicon Valley firms like Google and Apple are competing for robotics talent, but this kind of news usually only gets hyped for a day—chasing highs here is risky. Commercial aerospace is also news-driven, with violent swings and hard-to-grasp rhythms.

What’s really interesting is domestic computing power—there was a positive development after the close. A leading company announced it would double its production capacity, backed by new orders, signaling that the domestic chip replacement path is working. Plus, there’s a major new IPO launching tomorrow, and the central bank just injected 1 trillion yuan through repo operations to boost liquidity. With these multiple factors combined, domestic computing power might really gain momentum and attract institutional funds back.

How to trade tomorrow? Focus on domestic computing power.

Market turnover has dropped to 1.5 trillion yuan, showing clear signs of a cyclical bottom. The central bank’s 1 trillion yuan liquidity injection will definitely boost short-term sentiment. The new IPO launch and leading company’s capacity expansion are building hype for domestic computing power—this theme is very likely to become the new main line. That’s my opinion for now; let’s see how it plays out.

How about specific sectors?

**Domestic computing power** is the top priority. The opening performance of tomorrow’s IPO is crucial. If it holds steady or stays at a high level, related stocks that rose today (like H&T Intelligent Control, Chuling Information, etc.) have potential; if it surges at the open but then falls back, watch out for profit-taking risks. The key is to watch Cambricon—it’s the bellwether for domestic computing power. If it keeps gaining, inference chips (VeriSilicon, Hygon), switch chips (Centec, Huafeng Technology), the wafer fab “three musketeers” (SMIC, Hua Hong Semiconductor, CR Micro), and supporting PCB and optical module stocks (HG Tech, Accelink, Cambridge Tech, Dongtian Micro) will all react accordingly. With institutions returning, domestic computing power is the unavoidable main theme. You can keep holding the hard-core stocks, expand profits with swing trades, and if you’re stuck, be patient. Newbies should focus on arbitrage.

**Semiconductor equipment** has a very clear long-term logic. Two memory manufacturers are about to go public, which will drive up capital expenditures. Combined with the AI computing-driven memory price upcycle still in its second half, there’s high flexibility in capacity expansion orders. TuoJing Tech, Jingyi Co., CR Micro, Changchuan Tech, and ZK Fitech have all performed well recently. But be careful—short-term quant arbitrage is obvious (for example, Jingzhida surged yesterday, dropped at the open today, then rebounded). Newbies should not chase highs; you’re likely to get stuck the next day.

**Robotics** is being influenced by US industry shifts, with big Silicon Valley firms rapidly deploying in robotics, but the sector is fundamentally speculative. If you want to play, focus on core stocks in the Tesla supply chain: dexterous hands (Zhejiang Rongtai), actuators (Top Group, Sanhua Intelligent Controls), rotary transmission parts (Kedali), lightweighting (Hengbo), sensors (Anpelon), ball screws (Rongtai). Approach with an arbitrage mindset—don’t blindly chase.

Other areas like memory (only look at original manufacturers), edge AI, and high-dividend sectors still have the same logic—keep following your existing strategy, no need for major adjustments.

In short, tomorrow watch to see if domestic computing power can take the lead; for other sectors, play it by ear. With the market this cold, stability comes first.