Youlan Travels the World: April 2 Early Crypto Insights

Mountain streams seeking the heart spring; trading stocks for gold, laughing at money’s缘. On the road to wealth, you’re accompanied by幽兰! Your support is my steadfast driving force. Welcome everyone to actively comment, recommend, save, cheer, and show up. I also sincerely thank you here for your support! When reprinting, please注明 the author and source. Any partial or full reprint in which it is not credited to “幽兰行天下” is an act of plagiarism. [TaoGuba]

1. Analysis of Today’s Market and Tomorrow’s Trading Strategy
Today’s broad market opened higher, fluctuated, and rose 1.46%. The market on the ChiNext/SH side appears a bit stronger, but it was actually a bearish candle. Hot sectors like pharmaceuticals, CPO, and other computation hardware and chips were relatively strong. Areas like power, high-speed rail, oil & gas, banking, and agriculture were weaker. About 80% of stocks rose. There were 57涨停 boards; including 1 one-word board (straight limit-up without any bidding variations). Another 46 stocks rose more than 10cm. There were 38 stocks whose涨停 got smashed. There were 6 limit-down boards, and another 6 stocks fell more than 10cm. There were 70 stocks that dropped more than 5%.

The market stabilized and rebounded. The gap-up surge was mainly driven by external news. However, clearly the same issue mentioned yesterday still exists—once it rises, it lacks momentum. Most major indices essentially opened and then didn’t have follow-through. The Shenzhen Component Index and the ChiNext Index were even more extreme: they were already at their highest point right at the open, while most stocks closed with bearish candles. In other words, even if you rushed in at the open, you ended up losing. After yesterday’s sell-off that followed the overseas crash, today compared with the overseas blowout rally, we can only say this is just a small rebound. The 5% and 8%+ gains seen in places like Japan and South Korea are something many people envy. To put it bluntly, today’s performance of the A-share market is like a clown in a fool’s day—truly unimpressive.

Many stocks hit their peak right at the open. After a high open, it’s basically抢跑. It’s like good news is being treated as bad news, as if everything is being done the wrong way around. This kind of quantitative trading ecosystem hasn’t changed at all. Therefore, you really can’t blame the current market trend entirely on the overseas situation. Changing from within is the real improvement. For the short-term, continuity still needs to reference external news. Once there are no extreme situations, you should shift to the strategy mentioned yesterday and focus on individual-stock action. As for the overall market, today’s move is being disturbed by external news—it’s not yet the real stabilization after the sell-off. It still needs time and repeated consolidation. For now, don’t overthink the index gains or losses. As long as you figure out whether the price action on the board is extreme or abnormal—if it isn’t—then what matters more is how to adapt to this odd quantitative-trading ecosystem right now.

It looks like broad-based gains, but in reality there is no sustained leading theme. It’s a rotation (轮动) pattern where quant trading fires up in every direction. The热点 on the board is like an electric fan: it pushes hard in one direction for a short moment and then stops. Most of the time, it’s just a push for a few minutes and then there’s no follow-through. Now, trading short-term by following quant-driven sentiment has become extremely hard. A small thematic idea that just catches fire from a piece of news doesn’t need your attention. The focus should be on those stocks with long-term logical themes that can be repeatedly traded for a long time, based on either long logical expectations or independent fundamental logic. Another type is a direction that hasn’t兑现 earnings yet but has a strong industrial trend—stocks that are quietly building up in advance. A key point in April is that it’s earnings season. Q1 reports and annual reports are being集中披露. In the future, directions that can兑现 earnings will attract more capital attention. Note this is the future, not now already “baked-in” earnings big growth. Under a quant ecosystem, many stocks that look great in terms of earnings can actually end up following an兑现-type move once the results are disclosed.

. Besides the fast-paced行情 dominated by quant trading, there is also another mode: trends led by institutional funds. For these stocks, fundamental logic with high growth expectations is paramount. For example, the computation hardware side related to CPO plus optical chips plus optical fiber—this kind of “optics” computation hardware logic that has been traded for a long time is exactly a long-trend logic. Also,新能源 like lithium batteries has some trend logic driven by fundamental improvements, though the cycle is shorter than optics. Some varieties of innovative drugs that exploded today have fundamental logic support, but when they explode in the short term it’s mostly emotion. After the stampede of emotion, price action should return to the stock’s own unique logic. Long-trend logic directions can be “look long and trade short” (profit-taking flexibly), but they are definitely not suitable to chase-and-sell off in the short-term like emotion-driven stocks. If the prices are too high, you can wait until the pullback before participating. In fact, the entire ecosystem right now is extremely obsessed with rhythm (节奏). Without a good rhythm, you get harvested by quant trading. To respond to the market’s rhythm, roughly speaking you do big gains and big sells, big drops and big buys—or you pick the right stocks and lay low (蛰伏).

2. Main Hot Topics During Trading
1、创新药：津药药业、润都股份、昂利康、睿智医药、海欣股份、海王生物、益佰制药、北大医药、广生堂、艾迪药业
2、国产算力
算力租赁：奥瑞德、恒润股份
液冷+云计算：佳力图
云计算：美利云
GPU：大胜达

3、CPO
硅光芯片+云网：瑞斯康达
半导体+CPO设备：智立方
光模块：铭普光磁
光芯片：永鼎股份

4、业绩
年报+电缆：通达股份
年报+创新药：凯莱英
年报+航运：锦江航运
年报+黄酒：会稽山

5、其他
汽配+机器人：华培动力、雪龙集团
股权变动+聚苯乙烯：星辉环材
H股聆讯+AI服务器：华勤技术
可控核聚变+氢能：雪人集团
游戏：完美世界、巨人网络
钙钛矿电池+HJT：国晟科技
参股Kimi+医疗：九安医疗
燃气轮机+医药：万泽股份
医药包装+烟标：衢州东峰
签订合同+服饰：美邦服饰
资源回收+稀土：华宏科技
锂电添加剂VC：孚日股份
玻纤纱线设备：卓郎智能
股权变更+日化：两面针
半导体洁净：柏诚股份
半导体设备：汇成真空
汽配+液冷：腾龙股份
算力+风电：罗曼股份
次新+风电：锡华科技
地产+建材：宁波富达
药用玻璃：力诺药包
多元金融：爱建集团
电池铝箔：丽岛新材
环氧丙烷：齐翔腾达
油气开采：博迈科
电子布：山东玻纤
AI漫剧：德才股份
驱蚊液：润本股份
油运：招商轮船
PCB：中京电子
热电：新中港

Note: This article is only a personal market review and reflections. The stocks mentioned are all compiled for reference and information, not stock recommendations. I never recommend stocks. Buy and sell at your own risk. When reprinting, please注明 the author and source. Any partial or full reprint in which it is not credited to “幽兰行天下” is plagiarism; legal responsibility will be pursued for plagiarism. You’re welcome to leave comments to report it