[Red Envelope] Oil, electricity, and computing's intraday battle

Monitoring the market can reveal opportunities; reviewing past trades helps clarify direction. [Taogu Ba]
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Monitoring and reviewing already provide insight into others’ strategies; the next step is to understand oneself, and finally, choose the right time to act.**
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Stock trading isn’t based on guesses. Those who profit often have one of two qualities: foresight (prediction) or adaptability during trading (following).**

Market Overview:
The three major indices opened lower and adjusted due to external news. The pattern replicates the double-needle bottom formation from early February. As mentioned in last week’s review, pullbacks are opportunities. Intraday, hot sectors opened low and moved higher. Market volume increased to 2.67 trillion yuan compared to yesterday. This week’s gains and losses: Monday awaits a rise of over 3,900 points.
In the short term, domestic computing power stocks rebounded strongly on the lobster news, while AI hardware weakened due to delays in data center construction. Overseas chains vs. domestic chains switched within the day. The collaboration between computing and electricity sectors showed intense competition, with storage performance beginning to trend upward. Oil, gas, and chemical sectors opened high due to external conflicts, then declined intraday amid power and computing pressures. Overall, early morning hot sectors: oil and gas; morning: power; afternoon: computing.
Market limit-up stocks: 42, down from 74 yesterday. Success rate of hitting the limit: 56%, down from 75%. Number of consecutive limit-ups: 11, up from 8.

Consecutive Limit-up Teams:
4-limit: Shun Na Co. (power), Wangli Security (intelligent manufacturing)
3-limit: Meiliyun (computing power)
2-limit: Wanze Co. (gas turbines), Shaoneng Co. (power), GCL Energy Tech (power), Tuowei Info (computing), Chitianhua (chemical), Jinkai New Energy (power), Samsung Medical (power), Ningbo Construction (power)

Looking at the teams: the market’s highest is 4-limit, mainly supported by computing and power sectors.

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Market Summary:
Hot sectors: computing power, electricity, oil and gas, chemicals, etc.
Upcoming rotation sectors: aerospace, AI hardware, storage, etc.

1. Computing Power and Electricity Collaboration: Mainly centered on power, with computing and domestic computing power often paired, creating a tug-of-war with strong mutual interference.
Large-cap: China Xidian, leading the trend with multiple dips showing resilience, anchoring future strength.
Next large-cap: TBEA, China Energy Construction, State Grid South-Rui, etc., most with over several hundred billion yuan market cap, showing trend rotation.
Small-cap: Jinkai New Energy, GCL Energy Tech, etc., hitting the boards intraday.
Sector high: Hang Electric, Yunnan Energy Holdings, Han Cable.
Hang Electric and Yunnan Energy face double-move pressure.
Han Cable has escaped the 30-day deviation.
All three main boards are below twice the deviation; if sector hype continues, a breakout above this level would be expected, depending on whether it breaks the abnormal move or controls the deviation.
ChiNext flexibility: Tongguang Cable, Ankao Smart Electric, Nanjing Digital, Canaan Intelligent, Zeyu Intelligent, Yangdian Tech.
Pending rotation: Shuangjie Electric, Xinte Electric.
Sentiment and consecutive limit-up position: Shun Na Co., with Yunnan Energy Holdings as a precursor. Whether this can break the limit-up height remains to be seen.
Currently, the main strength is in transformers, supported by clear overseas performance expectations.
Overall, this sector benefited from the recent conference, with three strong days last week. Today’s morning low and rebound, followed by intraday divergence, turned into consensus in the afternoon with a resurgence in computing power. The front ranks are strong; mid and back ranks mostly follow trend rotation. Sector characteristics: broad width, but still lacking height. Whether the breadth can support future height is a key point.

2. Domestic Computing Power: The rise of Ascend (H) had little impact; the new version of DS was not released. Lobster, under Tencent and Xiaomi’s promotion, surged, directly stimulating domestic computing power’s return.
Market sentiment: Meiliyun, Ningbo Construction, with Ningbo Construction opening flat, boosting Meiliyun.
New capacity: Tuowei Info officially positions itself alongside Huasheng Tiancheng, shifting from hype around Ascend (H) to Lobster, transforming from follower to leader.
Old large-cap leaders: Wangsu Tech, Runze Tech.
20-centimeter stocks: Hongjing Tech, Qingyun Tech, UCloud, Shunwang Tech, Borui Data, etc.
Over 10 centimeters: Capital Online, Beixin Yuan, Wangsu Tech, Anheng Info, etc.
Data-related: Borui Data, Massive Data, previously driven by application hype, now holding on after the decline, riding the wave of Lobster fermentation, aligning with the prediction that data stocks will cross with computing power.
Overall, funds pre-placed last Friday, with strong fermentation over the weekend. The bidding was influenced by oil and gas strength in the morning and power strength in the afternoon, with some overlap. Those with combined power sector support are considered a bonus.

3. Risk-Aversion Sectors:
Chemical (with crossing attributes, not purely safe-haven):
Recent high: Baichuan Co., Runtu Co.
Emerging: Jinniu Chemical, Jinchengda, Chitianhua aiming to rise.
Either crossing or on the way, with bumpy roads; without high support, this remains a major challenge.

Oil and gas:
Shandong Molong, Intercontinental Oil & Gas (mainly with Tongyuan Petroleum).
Both opened high and declined, unable to lead the sector’s strength. Some stocks show repeated activity.

This sector was hit by negative news at 9:21, with initial weakness from power stocks, then further pressure from computing stocks in the afternoon. Continued strength depends on further comments from Tete.

4. Other Sectors:

1. AI Hardware:
   Affected by news of delays in data center construction from Google and OpenAI, saw sharp declines intraday.
   Potential news: GTC conference on March 15, expected to trigger rotation and recovery.
   Individual stocks remain strong despite sector declines: Liante Technology (Google factory review), Huagong Tech (CPO vs. optical modules, NPO as a temporary alternative), Ouke Yi (PCB tools), etc.

2. Storage: Mainly driven by performance expectations.
   Leading: Baiwei Storage.
   Next: Demingli, Jiangbolong, etc.
   Stocks without performance prospects performed average.

3. Aerospace:
   Sector remains the same, with daily individual stock movements. Expect a rebound after oversold conditions.
   Veteran trio: GCL Integration, Aerospace Development, Julli Rigging.
   GCL Integration hits new highs influenced by GCL Energy Tech; Aerospace Development shows potential; Julli Rigging remains sluggish.
   Future prospects depend on whether computing and power sectors can create opportunities.

5. Summary:
Overall, intraday strength mainly comes from mutual interference among computing, power, and risk sectors, with computing replacing AI hardware from last week.
Don’t blindly expect a bull market at the peak, nor panic at divergence.
Follow the rotation trend; rotation occurs not only between sectors but also within sectors.
Compared to last week’s optimism, the breaking of the “three limits” is a positive change. Power sector has shown resilience for four days, increasing short-term tolerance.
After declines, resilient stocks are emerging. The key now is whether indices can provide better support.

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These are personal insights and may not suit everyone. This is how I currently operate. If you find it unsuitable, just ignore it. No harsh words needed. If it helps you, I am glad.
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Disclaimer: This article records my personal operations. Investing involves risks. Trade cautiously. Plans are always behind market movements. All content reflects personal thoughts and records, for sharing and understanding only. It does not constitute investment advice. Buy and sell at your own risk.