--- title: "Long-Short Review 04293" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40283082.md" description: "Long/Short Review April 29, 2026: This content is for learning reference only and does not constitute investment advice; trading involves risks, and caution is required when entering the market. I. Today's A-Share Short-Term Review (Leading Stock Strategy · Long/Short Thinking Edition) Macro and External Environment Today is the second-to-last trading day before the May Day holiday, and also the final deadline for Q1 earnings reports. In terms of external markets, recent U.S. stock movements have been volatile. The stalemate in U.S.-Iran negotiations has led to a surge in international oil prices, coupled with earnings releases from some tech giants, making the overall external environment cautious. Domestically, funds show strong risk-averse sentiment ahead of the holiday, combined with the risk of earnings "landmines"..." datetime: "2026-04-29T10:38:45.000Z" locales: - [en](https://longbridge.com/en/topics/40283082.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40283082.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40283082.md) author: "[多空游戏](https://longbridge.com/en/profiles/12417258.md)" --- # Long-Short Review 04293 Long-Short Review for April 29, 2026: This content is for learning and reference only and does not constitute investment advice; trading involves risks, and market entry requires caution. I. Today's A-Share Short-Term Review (Dragon Head Strategy · Long-Short Thinking Edition) Macro and External Environment Today is the second-to-last trading day before the May Day holiday and also the final deadline for Q1 earnings reports. In external markets, recent US stock movements have been volatile. The US-Iran negotiations reaching a stalemate have caused international oil prices to surge, coupled with earnings releases from some tech giants, making the overall external environment cautious. Domestically, risk-averse sentiment is strong among funds before the holiday, combined with the risk of earnings "bombshells." The morning session showed a typical "dip-and-rebound, Shenzhen strong Shanghai weak" pattern, with the clear intention of major funds to adjust their positions. Market Sentiment and Trading Volume The three major A-share indices opened lower across the board today, then fluctuated and rose, driven by sectors like non-ferrous metals and power equipment, successfully reclaiming lost ground. At the close, the Shanghai Composite Index reported 4107.51 points (up 0.71%), the Shenzhen Component Index rose 1.96%, and the ChiNext Index surged strongly by 2.52%. The combined turnover of the two markets was approximately 2.59 trillion yuan, a slight increase from the previous trading day. On the board, stocks showed a broad rising pattern, with over 3700 stocks rising and over 120 hitting the daily limit-up, indicating a significant recovery in market profitability. Technically, the Shanghai Index successfully stood above the 4100-point integer mark, with strong support formed near 4060 below. The resistance level above is temporarily seen in the previous high-density area. Today's Main Themes and Sentiment Cycle Market sentiment today was in a recovery phase of "divergence turning to consensus." The panic sell-off in the morning session was quickly pulled back, indicating strong market support. - Popular Sectors: Non-ferrous metals (lithium mining, rare earth permanent magnets), power equipment (solid-state batteries), and some pro-cyclical sectors. - Popular Stocks: ST Zhongdi (7 consecutive limit-ups, the market's highest target), ST Lianxiang (3 consecutive limit-ups), Feima International (3 consecutive limit-ups). - Top 10 Stocks by Turnover and Concepts: Mainly concentrated in non-ferrous metals, power equipment, AI computing hardware, and large financial sectors, showing that funds are still willing to cluster in core assets and strongly logical sectors before the holiday. Sector Strength and Fund Flows Major funds saw a net inflow of over 11.9 billion yuan today. Among them, the power equipment industry had a net inflow of over 9.2 billion yuan, non-ferrous metals over 6.4 billion yuan, and sectors like automobiles and communications also showed significant net inflows. In contrast, sectors like electronics, computers, and pharmaceuticals & biotechnology experienced net outflows from major funds. This indicates that current funds are switching from high-priced tech themes to pro-cyclical and new energy sectors with earnings support. In terms of follower tiers, the lithium mining and rare earth permanent magnet sectors have numerous limit-up stocks internally, with a complete ladder, making them the strongest short-term trends. Limit-up Height and Dragon Head Performance The market's limit-up height was set by ST Zhongdi's 7 consecutive limit-ups, but note its ST attribute, which has a limited effect on boosting overall market limit-up sentiment. The 3-consecutive-limit-up tier includes ST Lianxiang, Feima International, etc. Today's limit-up failure rate was relatively low, indicating that after the morning's divergence, the willingness to go long in the afternoon was quite firm. Significant volume anomalies were mainly concentrated in core stocks of the lithium mining and solid-state battery sectors, showing that major funds are deeply positioning in these directions. Potential Risk Points - Earnings Bombshells: Today is the deadline for Q1 report disclosures. Some stocks with earnings below expectations saw concentrated selling. Be alert to possible delayed negative news tomorrow. - Pre-Holiday Effect: Tomorrow is the last trading day before the holiday. The desire to cash out may increase, posing profit-taking risks for high-priced stocks. - Regulatory Scrutiny: Although recent limit-up "meme stocks" are active, regulatory attention to abnormal volatility remains high. Stocks driven purely by sentiment speculation carry significant risks. 1. Main Theme Logic Breakdown - Non-ferrous/Lithium Mining (Dragon Head Logic): Affected by international commodity price fluctuations and improved industry supply-demand dynamics, coupled with better-than-expected Q1 earnings for some stocks, they have become a dual choice for fund risk aversion and offense. - Power Equipment/Solid-State Batteries (Core Army Logic): High industry prosperity, full order books, and policy support for "new quality productive forces" with deep institutional fund involvement. The trend is mainly upward. Top Trading List and Hot Money Dynamics From today's market view, well-known hot money seats showed obvious signs of involvement in the lithium mining and solid-state battery sectors, adopting a strategy of "aggressively targeting the core, switching between high and low." Institutional funds flowed more into core army stocks in power equipment and non-ferrous metals with strong earnings certainty. Tomorrow's Expectations Tomorrow is the last trading day before the May Day holiday. The market is expected to continue a volatile but strong trend, with structural opportunities. Funds are likely to continue clustering in sectors with strong earnings certainty like non-ferrous metals and new energy. The index faces little risk of a major drop but also difficulty in achieving a broad rally. Key Observations for Tomorrow - Dragon Head Observation: Whether \*ST Zhongdi can further expand the limit-up space, and the promotion status of 3-consecutive-limit-up stocks like Feima International. - Core Army Observation: Whether the core army stocks in the non-ferrous metals and power equipment sectors can maintain their upward trend without showing volume stagnation. - Watchlist Targets: Focus on low-priced stocks in the solid-state battery and rare earth permanent magnet sectors that had their first limit-up today or have just started a trend. 1. Tomorrow's Trading Strategy - Long-Short Thinking: Tomorrow's operations should favor defense over offense. For high-priced limit-up stocks, unless they are core dragon heads, it is advisable to cash out on highs to avoid pre-holiday uncertainty. For low-priced, high-quality stocks in main themes, a strategy of buying on dips can be adopted to bet on a post-holiday recovery. - Position Suggestion: Maintain 50-70% position, allowing for both offense and defense. - Direction Choice: Prioritize pro-cyclical (non-ferrous, chemical) and new energy (solid-state batteries, energy storage) directions with earnings support. Avoid high-priced stocks driven purely by theme speculation without earnings support. ### Related Stocks - [000609.CN](https://longbridge.com/en/quote/000609.CN.md) - [002210.CN](https://longbridge.com/en/quote/002210.CN.md)