--- title: "Trading is light ahead of the holiday!" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39714670.md" description: "$Nasdaq Index IXIC$ Last night's U.S. stocks were too grinding: after a high open, they kept grinding lower all the way down, with the Nasdaq barely closing up, gaining 0.18%. In the market, satellite communications, education, and oil & gas sectors performed relatively well; but there was a bombshell on the news front—the U.S. plans to impose a 100% tariff on imported patented drugs and pharmaceutical raw materials, which directly sent Chinese concept pharma stocks plunging. So, our A-share pharma sector today is highly likely to follow suit and face pressure, it's really tough to bear. The current macro environment is such that whenever Donald Trump casually makes a statement, global markets have to tremble! The conflict in the Middle East, by the looks of it, will probably drag on for at least another two weeks..." datetime: "2026-04-03T01:53:24.000Z" locales: - [en](https://longbridge.com/en/topics/39714670.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39714670.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39714670.md) author: "[点金胜手](https://longbridge.com/en/profiles/12090136.md)" --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39714670.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39714670.md) # Trading is light ahead of the holiday! $Nasdaq Composite Index IXIC$ Last night's U.S. stock market was too grinding: after a high open, it kept grinding lower, and the Nasdaq barely managed to close up 0.18%. Satellite communications, education, and oil & gas sectors performed relatively well; but there was a bombshell in the news—the U.S. plans to impose a 100% tariff on imported patented drugs and pharmaceutical ingredients, directly sending Chinese concept pharma stocks into a dive. So, our A-share pharma sector today is highly likely to follow suit and face pressure, which is really tough to bear. The current macro environment is such that whenever Donald Trump casually says something, global markets have to tremble! The conflict in the Middle East, by the looks of it, will drag on for at least another two weeks. It was rumored that he originally planned around April 7th to strike Iran's key power and energy facilities. Looking at the calendar, it's an absurd coincidence—exactly the first trading day after our Qingming holiday. It's really getting more and more speechless. Frankly speaking, they are now just finding new ways to harvest the globe! They used to rely on the dollar tide, raising and lowering interest rates to shear the sheep back and forth. Later, we, along with Japan and South Korea, figured out the playbook and countered it with reverse operations, breaking this move. The Americans found it no longer worked. Now they are targeting shipping lanes, deliberately driving up oil prices, forcing oil-producing countries to be unable to ship their oil even if they have it. They themselves are selling off crude reserves while increasing production, selling oil at high prices to clear inventory. Once the conflict subsides later, they will then push oil prices down, and finally buy the dip to hoard oil at low prices. After this whole set of moves, the oil-producing Arab countries and all oil-importing nations are clearly and thoroughly fleeced. Looking at the A-share market again, the $Shanghai Composite Index sh000001$ hit a snag near the first resistance level around 3955 and started oscillating back and forth. Fortunately, the key support level below was adjusted to the third target of 3909, and it was barely held at the close, just with great difficulty. Trading volume also visibly shrank, down by 160 billion. The whole market now has only about 1.8 trillion in turnover. Currently, the market completely lacks a main theme or hot spots; it's all scattered, localized opportunities that ordinary retail investors simply can't catch. The simplest method is to control your position size well and don't go heavy blindly. If you're skilled at short-term trading, just use a small position to ride the current hot trends. Recent market action also shows a pattern: during big rallies, institutions call the shots; during big drops, it's all hot money and quant funds messing around. Yesterday was again dominated by hot money and quants. On the sector front, the Fujian sector held up relatively well yesterday. With no better places to go, hot money simply crowded into their old stronghold. Innovative drugs saw quite a few limit-ups, but those that hit the limit-up the day before basically all broke their streak the next day. It's all internal rotation, impossible to hold. Even old meme stocks and popular pharma tickets like Hefu were dragged out again for a rehash. The green power sector attempted a rebound and recovery wave yesterday, mainly because it had fallen too hard before, with many stocks falling back to their starting points. The demand for an oversold rebound had long been pent-up. As for the sectors heavily held by institutions, they all lay flat yesterday. In a broad decline, large-cap stocks naturally find it hard to get up. Let's look at the hot sectors again: I. Short-term directions for hot money chasing themes 1\. Fujian concept Results of the Cross-Strait Integration Demonstration Zone have been announced recently, and hot money is chasing this logic. The core is the five cities: Xiamen, Fuzhou, Pingtan, Zhangzhou, and Quanzhou. Especially Pingtan and Zhangzhou have the strongest logic and are favorites for capital to pile into. Related stocks with overlapping pharmaceutical attributes have also seen particularly high activity recently. 2\. Commercial aerospace This area didn't move much yesterday, as turnover is suppressed below 2 trillion, and the market can only support one main theme at a time. Next, we can focus on the space computing power sub-sector: this Friday, April 3rd, there will be a related industry conference in Beijing. High-recognition stocks like Shunhao and Qianzhao are worth watching. Additionally, April itself has dense space launch missions, and many aerospace-related stocks are not at high levels, so opportunities can be looked for on dips. 3\. Power sector There were already signs of recovery during yesterday's session. Plus, leaders inspected Sichuan recently, explicitly mentioning optimizing the energy structure and accelerating new grid construction. Previously, the power leaders were first Yueneng, then Liaoneng. Now many are guessing whether the third wave will involve Sichuan local power stocks? Yesterday, Chuanneng and Leshan directly hit the limit-up, and related local stocks also strengthened. This area can be tracked continuously. 4\. Innovative drugs There's always heat, but it's extremely difficult in practice. Consecutive limit-up plays are basically unworkable; it's all internal stock rotation. If you want to position, just quietly look at those with solid fundamentals still lying low and unstarted. Don't chase highs. II. Long-term 埋伏 sectors for institutions As long as the combined turnover of the two markets remains unstable above 2 trillion, it's very hard for major institutional sectors to have big rallies. The plates are too heavy to lift. For solid-performing directions like computing hardware, data centers, non-ferrous metals & rare earths, just be patient and wait it out now. Normally, by the latest when Q1 reports are concentratedly disclosed at the end of April, these quality sectors are highly likely to see a wave of improvement. ### Related Stocks - [SSE Index (000001.CN)](https://longbridge.com/en/quote/000001.CN.md) - [ProShares UltraPro Short QQQ (SQQQ.US)](https://longbridge.com/en/quote/SQQQ.US.md) - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/en/quote/QQQ.US.md) - [Direxion NASDAQ-100® Equal Wtd ETF (QQQE.US)](https://longbridge.com/en/quote/QQQE.US.md) - [ProShares UltraPro QQQ (TQQQ.US)](https://longbridge.com/en/quote/TQQQ.US.md) - [Nasdaq, Inc. (NDAQ.US)](https://longbridge.com/en/quote/NDAQ.US.md)