The A-shares bounced back to 3900 points today, but don't rush to open the champagne.

Last Friday, the trading volume of 1.6 trillion was truly historic low. As the saying goes, low volume sees low price. Today can be seen as a habitual recovery, with most sectors and stocks basically rising, but it still has that feeling – a fan-like rotation, turning a couple of times here and then taking a break over there.

In the early trading session, the commercial aerospace sector surged directly, leading the market since last Friday. The Fujian sector and gold non-ferrous metals following the price increase logic also rallied, while the Japanese military industry concept surprisingly gained strength. During the session, consumer electronics suddenly gained momentum, and as soon as the news about Doubao mobile assistant came out, AI phones and AI glasses saw a direct rise.

In fact, last Thursday, consumer electronics soared, driven by this expectation. Today, the expectation has materialized, and according to normal logic, it should be realized; chasing high prices is unwise. I sold my shares in Fenda Technology in the morning.

What about people with poor rhythm? They are likely to jump in after seeing a surge today when the news lands, but it may not be the same tomorrow. In this market, when positive news comes out and there’s a big rise on the same day, you really have to be cautious.

Either buy low in advance and wait for the opportunity, or wait for a chance after significant price fluctuations. The day when the good news is released is often not a good time.

By the lunch break, the market is in a general upward trend. Consumer electronics lead the rise, while non-ferrous metals and commercial spaceflight perform strongly. The AI technology sector opened with a strong rise, then plummeted, and subsequently rebounded, showing a rapid rotation.

In the morning session, the ratio of rising to falling stocks is 2:1, just like last Friday. However, today there is a significant increase in volume; last Friday's morning session had a trading volume of less than 1 trillion, while today it reached 1.24 trillion, an increase of 250 billion.

There is a detail worth noting: the main force net bought 500 million in the morning session today. The main force did not sell off and even made a small net purchase; during such times, the market often experiences a significant rise across the board. Additionally, considering last Friday's extremely low trading volume, with today's main force net buying and the four major state-owned banks (Industrial & Commercial Bank, China Construction Bank, Bank of China, Agricultural Bank of China) all declining, these signals are actually quite positive.

The flu concept mentioned over the weekend performed moderately today. Flu medicines belong to defensive sentiment, while tech stocks with offensive attributes performed better today. However, it is possible to accumulate positions quietly and wait for rotation opportunities; the time for accumulation is during periods of divergence and adjustment.

The overall market is still in a game of stock competition. The index is volatile, and sectors are rotating quickly. Don't get carried away when there's a big rise, be bold to sell; don't be timid when there's a big drop, be bold to buy.

In terms of trading, there was a significant drop the week before last, a recovery rebound last week, and today is considered a habitual repair. However, moving upwards will hit resistance levels, and a volume breakout is needed. If there is no volume support, this rebound will likely reach its limit. Therefore, during this round of recovery and rebound, remember to sell high and control your position.