April 29, 2024 pre-market strategy: A pullback is just the market picking up passengers.

The index surged on Friday with a big bullish candle, once again testing the annual moving average. This time is different from the past:

First, northbound capital saw a net inflow of over 20 billion yuan, setting a record high since its inception—truly rare!!
Second, the "bull market flag bearer"—the securities sector—rallied strongly, with a wave of limit-up stocks, showing fierce momentum.

Remember, the previous rally before the New Year was also driven by heavy buying from northbound capital, helping the index reverse. Will it assist in breaking through 3100 this time? At this point, the likelihood seems high!

For those who follow soccer, lingering near the opponent’s penalty area for too long will eventually lead to a breakthrough—scoring is just a matter of time.

In short: A pullback is just a chance to "reverse and pick up passengers." Seize the opportunity—3100 will be broken no later than after the holiday.

Now, let’s look at themes and individual stocks:

1. Humanoid Robots
The Beijing Humanoid Robot Innovation Center unveiled the world’s first full-size, purely electrically driven humanoid robot capable of running, named "Tiangong."

On April 27, the Beijing Humanoid Robot Innovation Center, located in Beijing’s Economic-Technological Development Area, released "Tiangong," the world’s first full-size, purely electrically driven humanoid robot capable of stable running at 6 km/h. This is also a self-developed general-purpose humanoid robot platform open for industry use.

Humanoid robots have long been a hot theme in the market. Now, with the Beijing Humanoid Robot Innovation Center’s breakthrough in purely electrically driven running—plus high-precision six-dimensional force sensors—this concept is set to explode this week!

2. AI (A key focus in May)
As long as trading volume stays around 1 trillion, multiple themes could take the spotlight—AI, low-altitude economy, quantum tech, military informatization, autos, humanoid robots, autonomous driving, etc.

Personally, I’ll focus on AI, which was already firing on all cylinders last Friday. With earnings season ending soon, the drag of earnings concerns on AI will fade.

Last Friday night, U.S. AI stocks, led by Nvidia, surged again, lifting major indices. This shows AI has become a globally synchronized theme. Plus, there’s no shortage of catalysts:

👉 For example: Over the weekend, the only industry repeatedly mentioned in China-U.S. cooperation talks was AI. Check the news for details.
👉 For example: Tsinghua University released Vidu, China’s first long-duration, high-consistency, high-dynamic video model—dubbed "China’s Sora."
👉 Also: Stephen Chow’s first short drama is about to debut, and GPT-5.0 is expected in Q2 or Q3.

In short, the logic for another AI rally is in place. I believe AI has a strong chance of becoming the market’s main theme. I’ll keep a close eye on it.

The "Three Musketeers" of CPO (Yizhongtian) are already at highs. Conservative investors can watch high but buy low.

From a technical perspective, Nvidia’s surge last week may form a "one-line rise" signal. Once stabilized above the moving averages, its next target is the $1,000 mark—bullish for domestic communication equipment, especially CPO (optical modules).

3. Tesla
Premier Li Qiang met with Tesla CEO Elon Musk in Beijing on the 28th.

On April 28, the China Association of Automobile Manufacturers and the National Computer Network Emergency Response Technical Team released a notice confirming that all Tesla models produced at its Shanghai Gigafactory meet compliance requirements. Tesla had already localized data storage in 2021 with its Shanghai data center. Additionally, Tesla brought in third-party auditors for its info-security system, passing ISO27001 certification.

Diplomacy is never trivial—this was surely an unusual meeting, likely about Tesla’s Full Self-Driving (FSD) tech collaboration in China!