魔怔姐

A股市场洗盘已进入第三个交易日，后续行情可按以下逻辑演绎：
观点维持不变，指数下探至前期高点区间4083-4098点附近时，即为短线第一上车点，可博弈波段反弹，后续反弹力度需结合量能及板块轮动情况进一步观察。从外围联动指标来看，富时A50股指下方支撑位位于半年均线上沿，这一位置恰好与A股前高区间基本重合，形成共振支撑。此前指数连续拉升阶段，我们已持续提示高位风险；而在当前连续回调的背景下，市场正逐步显现布局机会。

The market has continued to 'cool down' recently; what's next? Early Thursday trading was generally characterized by minor fluctuations, with indices remaining stable and avoiding significant corrections. However, individual stocks performed relatively weakly. The CSI 2000 opened with two consecutive down days, indicating that today's pullbacks in individual stocks were still evident. This mainly stems from 'artificial cooling,' so in the short term, caution is advised for high-valued stocks and those that have risen sharply, as short-term impacts are likely. Simply put, upward potential is now limited. This was clearly visible today, with a notable decrease in 20cm gainers.

From a technical perspective, short-term fluctuations are unavoidable, but they are likely to remain in a strong consolidation pattern. As long as the 4034 level is held, the market remains strong. From a moving average standpoint, the 5-day line will gradually approach the 10-day and 20-day lines.

Consolidation in a central range increases trading difficulty, requiring better stock selection and timing. Those with weaker fundamentals should exercise caution and avoid overly aggressive strategies—consider buying on dips and selling on rallies.

Sector-wise, both commercial space and AI applications saw broad corrections, which is normal given their previous large gains. The market's main direction hasn't changed, though the commercial space sector is likely to shift into a wide-range consolidation phase, with inevitable major divergences. Patience is key—wait and see.

AI applications remain a key area to monitor. Corrections offer opportunities for continued tracking, but attention to timing is crucial. Stocks with recent consecutive gains may face profit-taking pressure, and with artificial market cooling, upward potential is limited. Avoid chasing gains; instead, wait patiently for pullbacks and look to add positions at lower levels.

Overnight, the three major U.S. stock indices collectively fell, with the Nasdaq dropping more than 1%, as tech stocks weakened across the board, dragging down the market, while all seven major tech giants closed in the green. The precious metals sector saw a renewed frenzy, with spot silver prices historically surpassing $93.
On the news front, a Federal Reserve official for 2026 clearly supports Powell, stating that interest rates will remain unchanged in January, while firmly opposing administrative intervention in monetary policy.
Additionally, the Nasdaq China Golden Dragon Index slightly fell by 0.23%, and the FTSE China A50 Index dropped by 0.55%.
2. A-share Market Analysis
On Wednesday, the A-share market showed a steady trend in the morning, with the structure appearing strong; however, in the afternoon, the index quickly plummeted due to unexpected bad news, with fluctuations continuing until 14:00. In the last hour, the market began to recover, ultimately closing with a long upper and lower shadow doji, reporting 4126.09 points, down 0.31%.
This negative news stemmed from the Shanghai and Shenzhen North Stock Exchanges simultaneously announcing that the minimum margin ratio for investors' financing would be raised from 80% to 100%, sending a clear signal to regulate market leverage and prevent trading risks.
The impact of this policy mainly focuses on two aspects:
1. A significant cooling of sentiment, directly putting financial pressure on the on-site financing market;
2. Guiding a shift in market style, during the reporting season window, potentially pushing funds from pure concept speculation to focus on fundamentally strong stocks with good performance.
Overall, after consecutive increases in volume, the market's foundation and capital activity remain online, and the regulatory measures aimed at "cooling down" are intended to maintain the long-term healthy development of the market rather than ending the current trend.
3. Market Hotspots and Important News
1. Policy Press Conference: The State Council Information Office will hold a press conference at 3:00 PM on January 15 (Thursday) to introduce the effects of monetary and financial policies in supporting high-quality development of the real economy.
2. Aerospace Sector: The U.S. National Aeronautics and Space Administration recently announced that the "Artemis 2" crewed lunar flyby mission is scheduled to take place no earlier than February 6.
3. Tariff Policy: On the 14th, the U.S. announced that starting from the 15th, a 25% import tariff will be imposed on certain imported semiconductors, semiconductor manufacturing equipment, and their derivatives.
4. Industry Chain Trends: Driven by the AI boom, demand for high-end electronic-grade glass fiber cloth has surged, with Nitto Denko's related products facing shortages, as companies like Apple and Qualcomm are rushing to buy. Related stocks to watch include Honghe Technology and Fuli Hua.
5. Regulatory Dynamics: Yidian Tianxia has entered the suspension review phase due to a cumulative deviation of over 100% in the closing price increase over nine consecutive trading days; Guosheng Technology has experienced multiple abnormal fluctuations, and the Shanghai Stock Exchange has accordingly taken self-regulatory measures such as suspending account trading for relevant investors.

A double black candle pattern doesn't necessarily indicate主力洗盘 (distribution by major players), but could also signal a trend reversal. Distinguishing between the two has always been challenging.
There is a common market consensus: a double black candle with shrinking volume likely represents distribution, whereas a double black candle with increasing volume more often suggests weakening trends. However, how should we interpret the 'double volume black candle' strategy? After such a pattern appears, some securities may immediately rebound strongly, but most will first undergo a pullback before entering the next phase of movement.
Ultimately, market sentiment can serve as an interpretation of price movements, and themes can provide explanations for price changes. There are reasons for rises and logic behind declines—precisely illustrating the complexity of stock market analysis.

The A-share market experienced a dramatic roller-coaster trend, with trading volume continuously expanding to nearly 3.99 trillion yuan, setting a new historical high. The strongest theme in the market was undoubtedly AI applications. Stimulated by positive news such as Google's open-source e-commerce AI protocol and Alibaba's 'Qwen' achieving over 10 million weekly active users, sectors related to AI applications—media, e-commerce, and marketing—saw a full-scale breakout.
In the afternoon, market conditions changed dramatically, with indices plunging sharply. The immediate trigger was the simultaneous announcement from the Shanghai, Shenzhen, and Beijing stock exchanges to increase the margin requirement for financing from 80% to 100%. This policy adjustment directly hit leveraged funds, triggering a broad selloff in brokerage stocks and high-flying stocks. During the final auction phase, major blue-chip stocks such as China Merchants Bank and Kweichow Moutai faced massive sell orders, signaling that large institutional investors were conducting risk control or reshuffling their portfolios. In the short term, these blue-chip stocks are likely to face selling pressure.
In the metals sector, the hard logic of rising prices for silver and tin stood out. The Shanghai Futures Exchange's main tin contract hit a new all-time high, while spot silver prices approached $90 per ounce, showing a strong momentum with both volume and price rising. Core stocks such as Hunan Silver and Xingye Silver Tin have surged since the start of the year, allowing early investors to continue reaping gains; stocks like Mingpai Jewelry, Xianglu Tungsten, Tin Industry Co., and Jiangxi Copper are also expected to potentially break new highs.
The commercial aerospace sector is currently in a fierce competition for upgrades. Stocks like Galaxy Electronics, Changlan Technology, and Hai Ge Communications have performed notably well. For trend-following investments, consider Shenzhuan Co., Guobo Electronics, Chaojie Co., Shanghai Hanxun, China Great Wall, and China Satellite; for high-potential, more volatile stocks, look at Jiayuan Technology, Hongxiang Co., and Zhuosheng Micro, which are oversold and offer higher value.
AI-related themes are also entering an upgrade phase. Stocks such as Sanwei Communications, Lioo Co., and Meiniang Health are gaining strong momentum. In the trend-driven sectors, stocks like Bluebird Media, Shengtong Co., Yonyou Network, Zhejiang Shuwen Culture, Jiqu Software, Oufei Electronics, and Aoto Electronics offer long-term investment value and are worth close attention.

After the man and the female streamer got engaged, he found out she had three children!
Recently, a 27-year-old man from Kaifeng, Henan Province, has drawn sympathy. He fell in love with a single female streamer he met online, progressing from mutual understanding to engagement, believing he had found sweet romance—only to realize he had fallen into a carefully crafted deception.
Under the pretense of wanting a family and wanting plastic surgery, the woman convinced the man to spend over 80,000 yuan to establish their relationship, and another 110,000 yuan for the engagement. But after the engagement, when he visited her village, he was shocked to discover she was nearly 40 years old, had been married twice, and had three children. She had been using makeup to disguise herself as a 20-year-old, and was even flirtatious with other male fans in her live streams. Her family, however, accused the man of deceiving her by claiming to be a wealthy boss.
In this farce, both parties seemed to be masking themselves with lies. Love should be pure, but has become distorted by money and vanity. This serves as a reminder that on the journey to love, we must stay清醒, not be deceived by appearances, take time to truly understand the other person, and avoid letting momentary impulses lead us into endless pain and trouble.

Iran also has some options, and if pushed to the limit, Iran could block the Strait of Hormuz. Iran's military power is indeed no match for the United States and Israel. But if Iran is determined to block the Strait of Hormuz, neither the United States nor Israel would be able to stop it. In that case, all Middle Eastern countries, especially the Gulf states, would be in turmoil, as their oil exports would be blocked. Personally, I believe the Strait of Hormuz should be Iran's ultimate weapon and lifeline—should not be used unless absolutely necessary. Once used, its impact would be massive, and there would be no turning back!

Is Trump really just tying himself in knots? He tied up old Ma, claiming he'd control Venezuela's oil, but the oil bigwigs all stepped back and refused to engage. So what's the point of all this fuss? Personally, I think Trump was overly optimistic, assuming that once he got old Ma, Venezuela's oil would be easily within reach, and domestic oil giants would be grateful and rush to compete for drilling rights. But that didn't happen—no one stepped up. This was something Trump didn't anticipate. It turns out he just wasted his time and energy for nothing!

The gun is loaded, and the U.S. will definitely attack Iran.
The U.S. only needs one reason right now to launch a military strike on Iran.
Don't say Iran has a large population or vast territory—none of that matters. Just look at last year's long-range aerial attack by the U.S. on Iran, which was like entering a land with no defenders, coming and going effortlessly.
Iran cannot entrust its national destiny to any single country—no one will go to war with the U.S. on Iran's behalf.
It's unclear whether Iran has learned from last year's lessons, with so many internal spies.
If the U.S. succeeds in dealing with Iran, then the U.S. will control the world's energy lifeline.

Musk is indeed a dangerous figure.
US Defense Secretary Hegseth publicly stated: "Musk's A|Robotics will be introduced into the Department of Defense." We are all amazed by Musk's mind, his scientific research, and his success. Unfortunately, Musk is American, and he is destined to serve the United States. The greater his abilities, the greater the threat to our country. He has now become someone we must be vigilant about.

How to select strong stocks? After multiple反复 (repeated experiences), I've concluded that 'chart patterns' are more reliable than 'concepts'. Guosen Technology is the best example.
I used to chase 'concepts'—every day, various so-called 'hot concepts' would see their stocks surge to the daily limit, which looked exciting, but real trading always brought problems, mainly due to the following reasons:
1. A single stock can belong to multiple concepts, making it hard to determine which one is dominant.
2. Different apps define the same stock's concepts differently, so it's impossible to know which app is accurate.
3. There are many stocks in hot concept categories, but whether to buy or sell still ultimately depends on chart patterns—concepts don't really help.
Based on the above, I no longer blindly follow 'concepts'—I only focus on chart patterns.
The stock in the chart is Guosen Technology. It's not found in any of the hottest sectors recently, yet it keeps hitting the daily limit. If I had to assign it a concept, it would undoubtedly be 'limit-up stock'.

Medvedev is terrifying. He has given Trump a "tricky move" that has frightened Europe. According to RT, on January 12, Medvedev made remarks mentioning the word "referendum," causing a stir.
As the former President of Russia and currently the Deputy Chairman of the Russian Security Council, Medvedev posted on January 12: "Trump, you need to act fast. According to unconfirmed reports, the 55,000 residents of Greenland may hold a referendum in a few days. If they agree to join Russia, the U.S. will lose everything it has worked for."
Clearly, Medvedev's "unconfirmed" information is a joke—suggesting a referendum for Greenland's residents to join Russia is purely satirical. However, this statement serves a threefold purpose, especially aimed at straining U.S.-European relations. It can be interpreted in the following three ways:
First, consider the benefit to Russia. Medvedev publicly calling for a referendum in Greenland should alarm Europe more than the U.S. Currently, European leaders like Macron can stand up to the U.S. because, legally, Greenland belongs to Denmark. But if Greenland's 55,000 residents truly hold a referendum and join the U.S., it would be a devastating blow to Europe. The U.S. would gain a new state without any effort, and Europe's dignity would be trampled in the snow. In short, Medvedev's "tricky move" widens the rift between the U.S. and Europe—something highly advantageous to Russia.
Second, consider the damage to Europe. Medvedev's statement is effectively a "tricky move" for Trump. If Greenland holds a referendum, the U.S. would suffer no real loss. Even if the outcome is unfavorable, Trump still has the option of force, leaving the situation unchanged. But Europe would be in serious trouble—losing its legal basis and facing uncontrollable consequences.
Third, consider the irony toward the U.S. The last well-known referendum in Europe was about Crimea. If Trump truly pushes for a Greenland referendum to join the U.S., will the U.S. recognize the result? If yes, then it must also recognize Crimea's referendum. Medvedev is aiming to expose Western double standards, delivering a strong sarcastic message.
In summary, when Medvedev mentions "referendum," it's essentially a strategic move. Europe fears losing this territory due to a referendum, while the U.S. stands to gain. Every time Medvedev brings up the word "referendum," Europe's heart tightens, and the U.S. starts to worry. The gap between the two will only widen. The most ironic part is that Greenland's people themselves desire greater independence, even contemplating separation from Denmark, making the situation even more unpredictable.
Currently, Greenland stands as the biggest obstacle between the U.S. and Europe. Russia is seizing this opportunity to create a situation more favorable to itself. It's foreseeable that the Greenland issue might become a pivotal turning point in U.S.-European relations.

900 billion yuan of 'liquidity' will arrive tomorrow! The central bank has been injecting funds for 8 consecutive months—can A-share markets ride the wind and surge again?
Folks, pay attention! Tomorrow (January 15), the central bank is about to 'give out red envelopes' to the market again—90 billion yuan of break-even reverse repurchase operations are ready to launch, marking the fifth consecutive month of increased volume for the 6-month tenor! Some may ask: 'Isn’t this just rolling over maturing funds? Why all the fuss?' But take a closer look: this operation matures at 600 billion yuan, with an additional 300 billion yuan added for rollover, effectively injecting 300 billion yuan of 'real cash' into the market. Combined with the 'equal rollover' of the 3-month tenor this month, the central bank has now provided 'blood transfusions' to the market through break-even reverse repurchase for eight months in a row!

1. Why is this 'liquidity injection' different?
First, understand this: break-even reverse repurchase is not a 'one-time rescue.' Instead, the central bank 'buys' bonds and 'sells' them back after six months—effectively providing a 'medium-term loan' to the banking system. This 900 billion yuan operation has a maturity of 181 days, longer than the 1.1 trillion yuan 3-month tenor at the beginning of the month, emphasizing 'stabilizing expectations'—after all, 200 billion yuan of MLF will mature in January. The central bank is proactively filling the liquidity gap with 'increased rollover' to prevent market panic.

Even more significant is the signal of five consecutive months of increased volume! Since September last year, every time the 6-month reverse repurchase matures, it has been 'more repayment, less replenishment,' cumulatively injecting over 1 trillion yuan. This 'monthly increase' pattern essentially tells the market: don't worry about medium-term liquidity—banks have funds to lend, enterprises have money to expand, and the stock market won't lack 'ammunition.' The signal sent to the market is more important than the actual amount injected. The expectation of liquidity easing has greater impact than the actual net injection. Besides, the market isn't actually short of money—once there's a profit-making opportunity, funds will emerge like mushrooms after rain.

2. What impact will this have on stocks, bonds, and real estate?
Stocks: Short-term sentiment boost, but don't expect a 'sharp rally'
Market sentiment has already been hot recently. Now, with the central bank delivering 'liquidity,' the most direct effect is a looser funding environment. This is positive for sectors that 'live off money,' such as securities and real estate—lower lending costs for banks mean easier financing for enterprises and more abundant liquidity in the stock market. But note: this operation is 'offsetting maturity + moderate easing,' not 'flood-like' liquidity. Expecting the index to surge sharply on these 300 billion yuan is unrealistic; it's more about maintaining the 'slow bull' rhythm.

Bonds: Interest rates unlikely to rise sharply—'lying flat' can still earn returns
For bond investors, continuous increased rollover by the central bank means market interest rates won't suddenly spike. The current 6-month reverse repurchase rate is around 2.0%. After banks receive this money, they can either lend it out or buy bonds—increasing demand for bonds, which will likely lead to stable or rising prices. If you hold short-term bond funds, you can temporarily 'lie flat' and wait for returns. If you want to take advantage, keep an eye on the winning interest rate of tomorrow's operation—if it drops, it means the easing is intensifying, and the bond market will look even more promising.

Real Estate: Indirect 'warmth,' but don’t expect a 'rescue'
Some homebuyers might ask: does this relate to buying property? Actually, yes! With more liquidity in banks, mortgage quotas will be looser, loan disbursement may speed up, and some cities may even see further reductions in first-home loan rates. But be clear: the central bank's goal is to 'maintain ample liquidity in the banking system,' not to 'stimulate real estate.' Don’t dream of a housing price rebound from this—current policy focus is on 'ensuring project delivery and stabilizing people’s livelihoods.' Speculators, it's time to face reality.

3. How should ordinary people respond?
For ordinary investors, don’t overthink the exact amount of 'liquidity injection.' What matters most is the central bank’s stance. Eight consecutive months of increased rollover show that the 'steady but slightly loose' policy stance remains unchanged. In this environment:
Don’t rush to 'cash is king'—money market fund returns are likely to keep declining; allocating more to stocks and funds is more worthwhile;
Don’t chase 'theme stocks'—in times of loose liquidity, funds easily hype up concepts, but when the tide goes out, you’ll see who’s swimming naked. Instead, focus on blue-chip stocks with stable performance;
If you have a mortgage, check if you can apply for 'mortgage refinancing'—if bank rates drop, you could save significantly on interest annually!

Final takeaway: This 900 billion yuan reverse repurchase is essentially the central bank using a 'gentle approach' to support the market—neither letting liquidity tighten nor allowing funds to flood. For us, there's no need to over-interpret it—just follow the 'stabilizing expectations' rhythm.

The target for the main index remains unchanged at 4,276 points! Understand the short- and medium-term rhythm, and you won't be confused by 'bullish-bearish switching'.
Many friends are puzzled: why does my outlook shift between bearish and bullish, as if caught in the middle?
If you have this mindset, you're either a beginner just entering the market or a medium-term investor — the logic of short-term and medium-term trading is fundamentally different; never mix them up!
First, let me highlight the key point for medium-term investors: keep an eye on the 10-day moving average of the main index! Currently, the index is still above its 10-day trend. As long as it doesn't break below, there's absolutely no reason to turn bearish; even if it temporarily retraces, as long as it quickly rebounds the next day, it's fine. Only when it fails to reclaim the level should we worry about further declines. Regardless of how much consolidation occurs in between, my target for the main index remains clear — 4,276 points! Of course, this applies only to stocks at monthly lows; ignore those that have surged recently.
Now, let's discuss the short-term: the high-end phase is fading, and the profit-making effect has clearly cooled down. Don't be overly optimistic about the number of stocks rising in the short term — definitely avoid high-priced stocks! The risk hasn't fully been released yet, but I actually expect the main index to close higher tomorrow — the core reason being solid volume support. Whenever the index plunges sharply, funds will step in to absorb the sell-off.
This is what people often refer to as 'light on the index, heavy on individual stocks' — in plain terms, it's a situation where the index rises but most stocks fall, simply because sentiment hasn't bottomed out yet.
Short-term trading is straightforward: move toward lower-priced stocks! Look for individual stocks closely hugging their support lines, and trade them repeatedly through intraday swings — that's the essence of short-term trading. As long as the stock price doesn't break below support, keep rolling the trades; once it breaks, exit immediately — safe and efficient.
Finally, let me emphasize again: if you don't understand the short-term strategy, don't force yourself to hold on — otherwise, you might get misled. Medium-term investors should just firmly watch the 10-day moving average and not worry about short-term fluctuations!

Three Major Themes to Ignite Tomorrow's Market! Industrial AI + New Energy Materials + Rare Earth Sector – Which Will Become the Strongest Growth Driver?
Good evening! On Tuesday, the market ended its 17-day consecutive rally with a correction, finally seeing its first mid-sized negative day after such a long streak. Most investors welcomed this pullback. Otherwise, trading volume wouldn't have hit a historical record high, clearly indicating strong market resilience. The bullish momentum remains intact, local hotspots are still active, and capital is merely rotating between high and low positions—this single mid-sized negative day won't trigger a major sell-off. At this stage, sustained sharp declines are unlikely, but the probability of short-term top formation is increasing. After such a prolonged rally, it's only natural for the market to take a breather. For now, don’t be too eager, and don’t expect an immediate rebound after just one adjustment. Therefore, in trading strategy, firmly avoid chasing high-performing stocks. Besides following hot themes, focus on potential catch-up opportunities in low-position stocks. From a news perspective, the three main themes to watch tomorrow have now become clear. Each combines massive market potential from policy incentives with solid earnings growth expectations—let’s take a detailed look today.
1. Integration of Industrial Internet + AI: 450 Platforms Targeting to Fuel Smart Manufacturing
The Ministry of Industry and Information Technology (MIIT) recently released the 'Action Plan for High-Quality Development of Industrial Internet Platforms (2026–2028)', a major policy move! By 2028, the goal is to cultivate 450 influential platforms, with connected devices exceeding 120 million units and adoption rate surpassing 55%. More importantly, it explicitly proposes the 'Industrial Internet and Artificial Intelligence Convergence Empowerment Action', meaning AI technology will be fully integrated into every stage of industrial processes.
Key Focus Areas: Promote discriminative AI applications in production control and risk identification scenarios; explore generative AI practices in process optimization and design planning. This is not mere concept hype—it’s a concrete industrial upgrade roadmap. Pay attention to two types of companies: industrial internet platform service providers and AI industrial software developers.
Core Stocks: Foxconn Industrial Internet (leader in smart manufacturing platforms, connected over 20 million devices), Baoyin Software (benchmark in steel industry industrial internet, leading in AI process optimization), Yonyou Network (market leader in enterprise-level industrial internet solutions). These are all industry leaders with solid fundamentals—huge profit potential under policy tailwinds.
2. Super Orders in Lithium Iron Phosphate: 120 Billion Yuan Agreement Revives New Energy Materials Supply Chain
After market close, Rongbai Technology announced a blockbuster deal! It signed a 3.05 million-ton lithium iron phosphate cathode material contract with CATL, worth over 120 billion yuan, spanning from 2026 to 2031. What does this mean? It equates to stable annual revenue of around 20 billion yuan for the next six years. For Rongbai Technology, whose annual revenue has just exceeded 1 billion yuan, this is like a pie falling from the sky.
Supply Chain Transmission Logic: This order benefits Rongbai Technology directly, but also boosts the entire lithium iron phosphate supply chain. Rongbai Technology itself stated that the surge in overseas EV and energy storage markets will continue to drive demand. Moving upstream from cathode materials, suppliers of raw materials and equipment manufacturers for lithium iron phosphate will also benefit.
Key Investment Combination: Rongbai Technology (direct beneficiary of the order, strong technical reserves), Longpan Technology (emerging player in lithium iron phosphate cathode materials, rapidly expanding capacity), Hézòng Technology (supplier of lithium iron phosphate raw materials, partnered with multiple top-tier battery manufacturers). Special reminder: focus on actual earnings delivery—prioritize companies with stable customers and guaranteed production capacity.
3. Rare Earth Permanent Magnets: Strategic Resource Revaluation Amid Global Supply Chain Rivalry
The G7 finance ministers called for reducing reliance on China’s rare earths, but China’s Foreign Ministry clearly stated, 'All parties have a responsibility to maintain supply chain stability.' The underlying signal is clear: the strategic importance of rare earths will only grow. We hold over 90% of global rare earth processing capacity—this core competitiveness cannot be easily replaced.
Investment Logic: Demand for rare earth permanent magnet materials is growing rigidly due to booming downstream industries: new energy vehicles, wind power, and industrial robotics. In the short term, G7’s so-called 'reducing dependency' will actually stimulate other countries to increase strategic reserves. In the medium term, China’s technological edge and complete industrial chain in rare earths remain unmatched.
Key Stocks: Northern Rare Earth (world’s largest rare earth producer, holding 60% of national quotas), Zhongke Sanhuan (leading high-end NdFeB magnet manufacturer, supplier to Tesla), Xiamen Tungsten (leader in heavy rare earth separation technology, continuously expanding magnetic material capacity). This sector is suitable for long-term positioning—geopolitical tensions intensify, the strategic value of these resources becomes even more evident.
Risk Warnings & Trading Strategy
Be especially alert to two key risks at tomorrow’s opening: first, the potential pullback in AI-related stocks. Companies like Zhenwen Interlink and People's Daily have already clarified they are not involved in GEO business or have not yet generated revenue—take profits promptly on previously hyped stocks. Second, the suspension of Fenglong Shares for investigation may trigger cooling in theme-based stocks—exercise caution when chasing high-position, consecutive涨停 stocks.

In the environment of high cutting and low, the low valuation power sector is performing again.
Previously, the long-term agreement power price suppressed the sector. Now, annual long-term agreement power prices are gradually being implemented across provinces, and stock prices have already reflected expectations for different regional power prices. Jingneng Power has once again reached a recent high today.
Looking ahead to the annual report and first-quarter report, long-term agreement power prices are approaching their lower limit, and both power volume and price are expected to bottom out. The increase in coal-fired power capacity pricing could bring about a near 2 cents per kWh increase. The pre-announcement trend of leading stocks in the annual report is worth watching.
Thermal power is transitioning toward a new value model centered on capacity and auxiliary services. Absolute dividend commitments from companies like Guodian Power have further strengthened confidence in thermal power dividends. If profits remain stable and dividends increase, thermal power may achieve a public utility-like status.
In the fourth quarter, power generation volumes for Changjiang Power and Guide Power increased significantly, with high reservoir capacity ensuring power supply during dry seasons. Additionally, Guide Power announced plans to acquire its group's Tibet subsidiary, which opens up both short-term performance exceeding expectations and long-term growth potential.
Current public fund holdings in the public utilities sector are at the second-lowest level in ten years. With rising demand for incremental capital allocation, there is room for valuation improvement and promising earnings, making the sector both offensive and defensive.

Retaliation without delay, after imposing 25% tariffs on China, China releases the 3rd announcement: imposing tariffs of 113% on imports from the U.S. and South Korea.
On January 12th, U.S. time, Trump signed a presidential order stating that anyone daring to do business with Iran would be subject to an additional 25% tariff, and he specifically emphasized that the decision would take immediate effect and could not be altered. Upon the announcement, the world was stunned. Indeed, Trump is once again waving the tariff weapon recklessly.
On January 13th, in response to the U.S. tariff announcement, China's Foreign Ministry responded, stating China's position on tariffs is clear: there are no winners in tariffs, and China will firmly safeguard its legitimate rights and interests. Clearly, China's stance is open to dialogue, but ready to respond with equal force.
Then came an unexpected turn: the Ministry of Commerce issued the 3rd notice, deciding to impose anti-dumping duties on imported solar-grade polysilicon originating from the United States and South Korea, with the maximum rate reaching 113%, effective for five years.
So, how do we view this matter? First, timing-wise, China is no longer taking a slow approach as before, waiting for some time before taking countermeasures. Now, whenever the U.S. or Japan cross China's red lines, countermeasures follow immediately.
Second, in tone, China makes clear a fact: no matter what, China's interests come first, and to protect China's interests, China's methods are constantly evolving and strengthening.

This time, the United States might be taking major actions.
According to CCTV, the U.S. State Department has issued a notice urging U.S. citizens to immediately leave Iran! France has also evacuated non-essential personnel from its embassy. This is truly a major development.
At the Al Udeid Air Base in Qatar, just 200 kilometers from the Iranian border, U.S. B-52 strategic bombers and KC-135R aerial refueling aircraft have been frequently taking off recently.
All these signs suggest that Iran's time may be running out. According to the latest information, Trump has reviewed a military plan presented by the military, clearly related to Iran.
Following Syria and Venezuela, the pace of civilizational progress seems to be accelerating. This is good!

Zelenskyy on Iran:
"Every decent person on this planet truly hopes that the Iranian people will eventually be liberated from the current regime, which has brought so much evil to Ukraine and other countries.
It is crucial that the world does not miss this moment when change becomes possible."
Comments: Zelenskyy's remarks on Iran are essentially driven by multiple practical interests and strategic calculations: due to Iran's military cooperation with Russia directly affecting the battlefield dynamics of the Russia-Ukraine conflict, he first uses rhetoric about 'human rights' and 'change' to recklessly interfere in Iran's internal affairs, labeling the regime as 'evil,' in fact aiming to stir external pressure and intensify sanctions against Iran, thereby cutting off Russia's military support at its source; simultaneously, he aligns with the hardline stance of the US and Europe toward Iran, demonstrating loyalty through ideological alignment to alleviate Western fatigue and divisions regarding aid to Ukraine, thus securing more military assistance and political support; additionally, he attempts to link the Ukraine conflict with Middle Eastern developments, disrupting the strategic alliance between Iran and Russia, and diverting international attention from Ukraine's battlefield difficulties.

Li Zaiming is determined to eliminate all opposition; South Korea's prosecutors have requested the death penalty for former President Yee Seok-yeol!
Yonhap News Agency, January 13 report: South Korea's prosecution has requested the court to sentence former President Yee Seok-yeol to death, an extremely rare move!
Indeed, Yee Seok-yeol is the first former president in South Korean history to be sentenced to death, and in the context of global standards today, this is an exceptionally severe punishment.
This clearly illustrates how intense political struggles have always been within South Korea. Besides former President Moon Jae-in, all other former presidents have ended up behind bars!