#July 24, 2024 Midday Trading Strategy# The market continued its weak trend this morning, with widespread declines. At one point, nearly 5,000 stocks were in the red. Fortunately, the national team stepped in, and the Shanghai Composite Index managed to turn positive by midday.

However, the morning decline wasn't accompanied by heavy trading volume, suggesting the bears haven't fully exerted their strength yet. Therefore, the likelihood of the market hitting bottom is very low—this is merely a rebound.

Keep a clear mind: focus on the mid-term logic and short-term rhythm.

In terms of sectors, autonomous driving, which had been performing well recently, started to show divergence today. Meanwhile, semiconductors saw minor recoveries, indicating that the expectation of a return to self-sufficiency and controllability remains intact.

Current market conditions call for light positioning. Patiently wait for the next turning point, which shouldn't be far off.

This afternoon, continue monitoring the two main themes: broad tech and autonomous driving. Particularly, broad tech directly impacts market sentiment. After several days of adjustments, there's an expectation of a rebound.