Deployment for the last month of 2024 - December 2nd review

Finally, almost all friends who should get married have tied the knot; to be honest, this should be the dream wedding venue for most girls.
This return gift is very thoughtful: it allows you to customize a scent that suits your personal style. I chose something elegant yet with a hint of ruggedness.

The Hang Seng Index remains below the critical level of 19,750, and the market is still dull today. However, I noticed that trading volume has gradually increased to around 140 billion, slightly higher than the quietest period last week. For now, everyone is waiting for the December work meeting. Given past experiences, we need to closely monitor market sentiment changes: if there's news again—especially if it's leaked early by foreign media, causing a rebound—we should be cautious about a potential high-then-low trend in December. Conversely, if everyone becomes more conservative due to past lessons and refrains from early speculation, it might present a good opportunity. Only after reclaiming 20,200 should we consider going long on $FL2 CSOP HSI(7200.HK) and $XL2CSOPHSTECH(7226.HK). On the other hand, if it closes below 19,300 again, we should be wary of a drop to 18,500, and consider $FI2 CSOP HSI(7500.HK) and $XI2CSOPHSTECH(7552.HK). Historically, Hong Kong stocks tend to perform better after mid-December.
$MEITUAN(3690.HK) had a dramatic session today, plunging below 160 before staging a sharp rebound. If it closes above 175 this week, it would confirm today's move as a shakeout, possibly forming a false breakdown. Conversely, if it stays below 165, we should be cautious about a genuine breakdown. Fundamentally, Meituan's earnings are stronger than most tech giants. $BABA-W(9988.HK) continues to hover at lows, with an expected range between 87 and 82. $TENCENT(700.HK) is also range-bound, with resistance at 411 and support at 395. $XIAOMI-W(1810.HK) rose noticeably today but remains in a high-range consolidation, with resistance at 29.2 and support at 27.
Among movers, I underestimated $MNSO(9896.HK)—its earnings were surprisingly strong: revenue grew 34.1%, and profit rose 11.6%. Most impressively, store numbers are still increasing, and its Top Toy brand is gaining overseas traction. During my trip to Spain last month, I saw MINISO stores firsthand. As I’ve mentioned before, companies expanding globally this year are worth watching. Another standout is $POP MART(9992.HK), though at nearly $GAC GROUP(2238.HK) caught my attention after Didi drivers praised its Aion models for value. Post-earnings, the market is re-rating it, with $BYD ELECTRONIC(285.HK), $AAC TECH(2018.HK), and $SUNNY OPTICAL(2382.HK)—performed well. Such sector-wide strength is rare in Hong Kong, signaling a focus-worthy trend.

The Nasdaq has regained momentum, breaking 21,000 and likely to push higher. Long positions in $Proshares UltraPro QQQ(TQQQ.US) and $FL2CSOPNASDAQ(7266.HK) are favorable. $Tesla(TSLA.US), with volume support, could target 414 after clearing 362, with support at 329. $NVIDIA(NVDA.US) must hold 135; a breakdown would reverse its uptrend. Unexpectedly, peers like $AMD(AMD.US), $Intel(INTC.US), and $Taiwan Semiconductor(TSM.US) rebounded strongly. $Super Micro Computer(SMCI.US) was the biggest surprise, now testing resistance at 50 (support: 35). $Palantir Tech(PLTR.US) is losing steam near $FI2 CSOP NIKKEI(7515.HK)
Re-entered Nikkei shorts, but 38,000 support makes it challenging.

2. Reflection
During last week’s livestream, a viewer asked if I knew *The Art of War* and how it applies to investing. Markets are modern battlefields—Sun Tzu’s wisdom like "Know yourself and your enemy" translates perfectly. Understanding your trading edge and market rhythms ensures survival.

3. Strategy
Despite the dull market, select Hong Kong stocks show breakout potential, especially in renewables. While most lag, $XINYI SOLAR(968.HK) and $GCL TECH(3800.HK) are in early stages. Wind leader $GOLDWIND(2208.HK) is agile, eyeing highs with support at 6.95.