--- title: "A reversal?!" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39983699.md" description: "$NASDAQ Composite Index(.IXIC.US) $NASDAQ Index IXIC$ Overnight U.S. stocks were on a roll again, with the Nasdaq posting 12 consecutive gains, hitting another all-time high, and the S&P 500 also followed suit, reaching a new high simultaneously. Most tech stocks performed well, with AMD up over 7% and Intel also up more than 5%, quite impressive. Sectors like satellite communications, lithium mining, lithium batteries, and computer hardware were the main leaders in gains. Chinese ADRs also rose 1.74% last night, looking okay, but the FTSE A50 fell 0.35%, its first decline after five consecutive gains, showing some minor divergence. Gold and silver surged and then retreated yesterday..." datetime: "2026-04-17T01:46:15.000Z" locales: - [en](https://longbridge.com/en/topics/39983699.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39983699.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39983699.md) author: "[点金胜手](https://longbridge.com/en/profiles/12090136.md)" --- # A reversal?! $NASDAQ Composite Index(.IXIC.US) $Nasdaq Index IXIC$ Overnight U.S. stocks were on fire again, with the Nasdaq posting 12 consecutive gains and hitting another all-time high. The S&P 500 also benefited, reaching a new high in sync. Most tech stocks performed well, with AMD up over 7% and Intel also rising more than 5%, which is quite impressive. Sectors like satellite communications, lithium mining, lithium batteries, and computer hardware were also leading the gains. Chinese concept stocks rose 1.74% last night, looking okay, but the FTSE A50 fell 0.35%, marking its first decline after five consecutive gains, showing some minor divergence. Gold and silver surged yesterday but then pulled back, unable to sustain the rise and even falling. I feel the market is about to reverse today, so everyone should stay alert. Don't panic. Let me share a few trading strategies for your reference: 1\. If you really want to chase hot stocks, don't go all in. Just test the waters with a small position. If you get it right, you'll make a little money and have participated in this rally. Even if you buy and it crashes, the loss won't be huge—nothing that will break you. You might even catch a rotation from high to low, allowing your stocks to catch up. 2\. Ask yourself two questions: Are your stocks outperforming the index? Can you consistently and steadily make money with these stocks? If the answer to both is no, you're better off just buying index ETFs for balanced allocation. Don't always dream of getting rich overnight or making quick money. Being steady is better than anything. Overall, this rally has indeed exceeded expectations. It looks like, before the May Day holiday, they want us to earn our travel money. If the rally can last until the end of the month, holiday spending will definitely be lively. However, two points to note: Tomorrow is the futures settlement day, and Fridays are prone to wild swings. Also, there are negotiations in the Middle East this weekend, which might bring some news. So don't blindly rush in—stay cautious. Now, let's talk about themes: 1. Computing Power The hottest sector yesterday finally rotated from hardware to computing power leasing. Why the surge? Two reasons: First, Alibaba Cloud's price hike is a direct positive. Second, there's big news from overseas—Wall Street quant giant Jane Street invested $1 billion in AI cloud service provider CoreWeave and pledged another $6 billion to buy its products. What does this mean? Financial institutions are now heavily betting on AI computing power, and demand has exploded! Take Doubao, for example. Its daily Token consumption is now 120 trillion, double what it was three months ago. Isn't that demand intense? The computing power sector went wild yesterday, with any stock that had some recognition performing well. But I must remind you: Computing power, like tech stocks, is highly volatile—one day it's up, the next it's down. If you missed it, don't chase it. Otherwise, you might become the "early believer selling to the late believer" and end up as the bag holder. The hardware side has been diverging for two days, and I think it's about time for a rebound. Last night, the CPO leader reported excellent earnings. Let's see if it can lead the hardware sector back to full strength today. Lithium Batteries For this sector, watch Shengyang Co., Ltd. for momentum—it went from six to seven yesterday. The core players are still CATL and Ganfeng Lithium, while Dazhong Mining is the one to watch for recognition. This sector now has profit-taking expectations. Watch who can hold up and who is stronger. Both the momentum of the leaders and the core players are equally important—keep an eye on both. Pharmaceuticals Watch Meinuoke for momentum. This sector weakened yesterday, as it's inherently defensive. Additionally, Tianjin Pharmaceutical's sharp decline dragged down the whole sector. Today, focus on whether the loss-making effect can be repaired. Keep an eye on the leading stock's ability to drive the sector. If the leader is strong, the sector can recover. 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