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9月10日AI复盘

发布于 2026-09-10

<section><span leaf=""><span textstyle="" style="font-size: 18px;">仅作AI复盘分享,不构成投资建议。</span></span></section><section data-page-node-id="YFVgSggXmGeeuEAkgIKF9v" data-dm-ref="6" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;padding: 16px 16px 4px;background-color: rgb(251, 247, 241);border-left: 4px solid rgb(184, 149, 110);border-radius: 4px;" data-pm-slice="0 0 []"><p data-page-node-id="VIAwmzpBoyJIGEgx2BLNY0" data-dm-ref="7" style="margin: 0px 0px 14px;font-size: 13px;line-height: 1.6;letter-spacing: 1px;color: rgb(184, 149, 110);font-weight: bold;"><span leaf=""><span textstyle="" style="font-size: 18px;">一句话结论</span></span></p><p data-page-node-id="fqDZNkr172HbkxNlCSiMta" data-dm-ref="8" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><span leaf=""><span textstyle="" style="font-size: 18px;">缩量</span></span><strong data-page-node-id="BBogAfAHGBYKmcnQpe3VHN" data-dm-ref="9"><span data-page-node-id="8QpIXNaIAetVYFIkuFSxl3" data-dm-ref="10" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">2000亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、</span></span><strong data-page-node-id="ibPMA6BTstmjNn3xe3QSlO" data-dm-ref="11"><span data-page-node-id="PuMdaL6eR5sbbJzIsCl31h" data-dm-ref="12" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">4500股</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">下跌,但电力系</span></span><strong data-page-node-id="kt7AQnxG5IJN0Uv2i0bIaV" data-dm-ref="13"><span data-page-node-id="frQTwGwOAGas7vm0pW7FFR" data-dm-ref="14" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">8家涨停</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、PCB</span></span><strong data-page-node-id="HW6pCeVxLr4nzroMmHMYVw" data-dm-ref="15"><span data-page-node-id="90NFtAniXavMHIDOfv59uP" data-dm-ref="16" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">6家涨停</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。这不是洗盘,是存量资金从AI叙事资产搬向AI物理资产。明天不追涨停,等电力主线回踩低吸。</span></span></p></section><p data-page-node-id="bK4lz0MeXGXoH1RsGAtnCD" data-dm-ref="17" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf=""><span textstyle="" style="font-size: 18px;">市场结构</span></span></p><p data-page-node-id="OhwJWQXxsfHFpzge9cxcql" data-dm-ref="18" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="RBghsRHHtPr18u4dBs28AG" data-dm-ref="19"><span data-page-node-id="4ngBOoeawoFFlop6My1yzo" data-dm-ref="20" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">01</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 板块关联</span></span></p><p data-page-node-id="qMDWaQNubGRxsMbb3YFB0a" data-dm-ref="21" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">电力系与PCB/覆铜板正相关,同属AI物理层;电力与科技题材负相关,资金从后者搬向前者;燃气与电力正相关,能源替代逻辑;银行、公路、红利板块与电力正相关,防御属性共振。</span></span></p><p data-page-node-id="kGgkE7qCWfbi994PyK3p12" data-dm-ref="22" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="AzXbZqF1IrwkmL8gF83CnK" data-dm-ref="23"><span data-page-node-id="Enf1g4bLBKQFU1skk6vUXx" data-dm-ref="24" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">02</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 枢纽判断</span></span></p><p data-page-node-id="GOzGF0bx5xBlaJgqZxqHmu" data-dm-ref="25" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">电力系是当前唯一有梯队效应的主线。</span></span><strong data-page-node-id="eqJHqM1Fo0EA4jmZmjf55t" data-dm-ref="26"><span data-page-node-id="u1JDy6yuEhvwBgDR3JirjK" data-dm-ref="27" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">8家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">涨停覆盖发电、风电、电网设备,资金净流入居前。断裂后果:如果电力系集体炸板,存量博弈的最后共识将瓦解,指数可能向下破位</span></span><strong data-page-node-id="qdu8RUMA0o6Qy3pj618WSC" data-dm-ref="28"><span data-page-node-id="QWGksK3J8ce0DFTsK1F46B" data-dm-ref="29" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">3930</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。创业板指同步走弱至</span></span><strong data-page-node-id="rmUkqQbp9a9lVGdzlnEPze" data-dm-ref="30"><span data-page-node-id="viIANudETq0BSknrpY3QXu" data-dm-ref="31" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">3338.42点</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,下跌</span></span><strong data-page-node-id="2OxjREnu5zLTcZGIHvbCCI" data-dm-ref="32"><span data-page-node-id="AGcSvxsxE44z7PC2VnBbbD" data-dm-ref="33" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">0.49%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,说明这不是单一指数调控,是市场整体结构切换。</span></span></p><p data-page-node-id="XUgt04wCGkrVKetGCs8Sf8" data-dm-ref="34" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="r1ZdCDkdrUTGDrZKVgMnpa" data-dm-ref="35"><span data-page-node-id="rsqWX1HdlXjIvyuWaGI94o" data-dm-ref="36" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">03</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 轮动判断</span></span></p><p data-page-node-id="6Z7OpaSNoWRXUwz2XsRTRQ" data-dm-ref="37" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">资金从科技题材(AI应用、商业航天、英伟达概念、超导、稀缺资源、医疗器械)净流出,转向电力、燃气、铁路、石油等防御+顺周期。扩散路径:电力 → 风电 → 燃气(能源替代)。总量萎缩说明这是</span></span><strong data-page-node-id="g4iKcD55l803ITLOFMOph0" data-dm-ref="38"><span leaf=""><span textstyle="" style="font-size: 18px;">存量搬仓,不是增量入场</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。今日风电整机、快递、期货、铁路运输、石油石化板块资金净流入为正,但板块涨跌分化,说明机构在逆势布局防御资产。</span></span></p><p data-page-node-id="K7HzQDKaJoZ7GOSWjsjesZ" data-dm-ref="39" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="ReEB47wOcFWXL2OB2nW7An" data-dm-ref="40"><span data-page-node-id="U78Dp0aB1oqVODCf20WDRj" data-dm-ref="41" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">04</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 舆情传播链</span></span></p><p data-page-node-id="hyPsltaJNaBM4651kDEpv0" data-dm-ref="42" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">核心事件:算电协同/AI物理产能重估。阶段:中期(电力/PCB已批量涨停,消息部分定价)。已反映在:太X实业、金X国纪、华X电力。尚未反映:黄金、欧洲能源外迁承接、电网接入报告。</span></span></p><p data-page-node-id="uNEFYulncJjQOuFiMHphdX" data-dm-ref="43" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="5a6kIFtSK2TeNrCUW8I0KY" data-dm-ref="44"><span data-page-node-id="axCMbiN9ibGYcuOAc72I9C" data-dm-ref="45" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">05</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 北向/外资判断</span></span></p><p data-page-node-id="2kYkvaibTWoXnWl9VePDdN" data-dm-ref="46" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">北向资金9-09净买入</span></span><strong data-page-node-id="0V14IAoFM2v0Leg5UwoXkb" data-dm-ref="47"><span data-page-node-id="QZ36YKrvOzFEQQHSDu5AJH" data-dm-ref="48" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">24.61亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,连续多日维持净流入,但较9-07峰值</span></span><strong data-page-node-id="0vkcPnfeY1MXH4h6EOieQC" data-dm-ref="49"><span data-page-node-id="9NC1TiRTtMzxSyCmxXX3Lx" data-dm-ref="50" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">27.14亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">回落。外资没跑,但也在观望。总量数字不直接使用,看方向:连续净流入说明外资不认为系统性风险来临,但规模回落说明对当前价位谨慎。</span></span></p><p data-page-node-id="zaZCyaiIYiV3LrcfQ3FMr1" data-dm-ref="51" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="0TQG6kRso7P0Phv2pfQbrD" data-dm-ref="52"><span data-page-node-id="YZgu8bADQB2jVfiqkBwiQ3" data-dm-ref="53" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">06</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 未被定价的信号</span></span></p><p data-page-node-id="60DmnyoOhsNmToXi4CUL4m" data-dm-ref="54" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">黄金:</span></span><strong data-page-node-id="bNoUGotaziQpARxGRCxl4e" data-dm-ref="55"><span data-page-node-id="8VtvSorcEW9E14DXAFSnC5" data-dm-ref="56" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">8月全球ETF净流入180亿美元</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、持仓创新高,但A股黄金板块今日</span></span><strong data-page-node-id="r8TaZXwZdxHMadyO5NnfHx" data-dm-ref="57"><span data-page-node-id="oDp3FTAcsnqDFOjjJLWfrg" data-dm-ref="58" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">零涨停</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。台积电8月营收同比</span></span><strong data-page-node-id="SS4Sdwbhhz73hFkOXCT47d" data-dm-ref="59"><span data-page-node-id="pIzxXhF8BUi1EE0Jo8CVXr" data-dm-ref="60" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+39.3%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,A股科创板指数创新低。产业物理层滚烫,A股叙事层冰冷。欧洲天然气两月暴涨</span></span><strong data-page-node-id="pJZwAYm3VE8kHqRty38WGz" data-dm-ref="61"><span data-page-node-id="qELaxYvBw70BdDZ05GGgRP" data-dm-ref="62" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">75%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、库存创15年新低,布油涨至</span></span><strong data-page-node-id="gBomk7k90bJdCfd3Sjfb8E" data-dm-ref="63"><span data-page-node-id="wwvRvPwxjAR96mfT6LXitD" data-dm-ref="64" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">100美元</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">以上,中国电力成本最稳、工业产能最完整。欧洲每关停一座化工厂、电解铝厂、冶炼厂,都是一张发往中国的产能转移订单。这些逻辑尚未在A股充分定价。</span></span></p><section data-page-node-id="UUFiabu5AA5vEJ4BsPmd3k" data-dm-ref="65" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 24px;padding: 0px;border-top: 1px solid rgb(236, 231, 222);font-size: 0px;line-height: 0;"><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp;</span></span></section><p data-page-node-id="f9RETLrk5mUDekE7Vqk4rU" data-dm-ref="66" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf=""><span textstyle="" style="font-size: 18px;">关键信号</span></span></p><p data-page-node-id="gaONB49Wks73bcfmqfmPmb" data-dm-ref="67" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="iBB3REvhQmkbDEOHkaEgEa" data-dm-ref="68"><span data-page-node-id="sGXbzhTw2OjDSPkZJRORPP" data-dm-ref="69" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">一</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 缩量清算,4500股飘绿</span></span></p><p data-page-node-id="zLnixsKtZCffC5RbTpDUVo" data-dm-ref="70" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">沪深两市成交额</span></span><strong data-page-node-id="o8fNfqPp2BpMpOWReEZ4VC" data-dm-ref="71"><span data-page-node-id="mZnxlvMyQMrONDo1Q9kqcD" data-dm-ref="72" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">1.65万亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,较前日缩量超</span></span><strong data-page-node-id="frHvBMAAsJJxYoxque5Cz8" data-dm-ref="73"><span data-page-node-id="QUSIyuuS5EniqhADQaYrCW" data-dm-ref="74" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">2000亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。上证成交额</span></span><strong data-page-node-id="PVuCDfbtTgRTJKvUvsa9Pu" data-dm-ref="75"><span data-page-node-id="gftv3acixhFVwCsMCChAwq" data-dm-ref="76" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">7796.7亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,较昨日8737.3亿萎缩</span></span><strong data-page-node-id="BVYzcoCoSYzqEmbk7a0sE6" data-dm-ref="77"><span data-page-node-id="tKxNuwtIVod1hdeFO0HrnQ" data-dm-ref="78" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">10.8%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。创业板指3338.42点,下跌</span></span><strong data-page-node-id="jalywqqHXmwWM2O5fPFDtu" data-dm-ref="79"><span data-page-node-id="bamjR8FzpolrMT1vUCDumC" data-dm-ref="80" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">0.49%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。涨停</span></span><strong data-page-node-id="bu7SFgQSITue3IYtx0w3hx" data-dm-ref="81"><span data-page-node-id="DmuPpagrXAgkn7d4aB87Z6" data-dm-ref="82" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">35家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、跌停</span></span><strong data-page-node-id="DW8683mMMkuWVIWYIdhNwv" data-dm-ref="83"><span data-page-node-id="3YYeMVpVr4sHZS28wCExxp" data-dm-ref="84" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">11家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,分化极端。从涨跌比看,上涨家数不足</span></span><strong data-page-node-id="kBykiuaqyvmsjYtayis69b" data-dm-ref="85"><span data-page-node-id="hEvhW8QSMNWGrUthEs7NgR" data-dm-ref="86" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">1000家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,下跌超</span></span><strong data-page-node-id="TVRCrmwADYhJ6A5PKNiX9Q" data-dm-ref="87"><span data-page-node-id="50iCG8mhdMJAKd5D5YevFK" data-dm-ref="88" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">4500家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,普跌格局明确,但电力系和PCB方向的涨停家数占比超过</span></span><strong data-page-node-id="N3YPpTa3oB9kLwydnEF3LH" data-dm-ref="89"><span leaf=""><span textstyle="" style="font-size: 18px;">三分之一</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,说明资金高度集中。北向资金9-09净买入24.61亿,连续多日但较峰值回落,外资也在观望。这不是洗盘,是存量资金在做结构性搬家。抛压衰竭但承接也谨慎,指数在</span></span><strong data-page-node-id="2IT3od2oMO0EhpauF7DcMQ" data-dm-ref="90"><span leaf=""><span textstyle="" style="font-size: 18px;">3930-3950</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">小区间内反复磨。</span></span></p><p data-page-node-id="QdymJSeOcKV2uM9cjrtZBQ" data-dm-ref="91" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="mKz0M9PgBpyJiZIlrFSz4k" data-dm-ref="92"><span data-page-node-id="M28Y2b5i5xC9Uxqp4gzmXs" data-dm-ref="93" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">二</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 资金认物理层,不认叙事层</span></span></p><p data-page-node-id="GUVVftNne2aaDa4K1PbRGY" data-dm-ref="94" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">今日主力净流入居前的标的全部指向AI物理产能。太X实业主力净流入</span></span><strong data-page-node-id="ByFpT5uPF7esaLcMCl2xt7" data-dm-ref="95"><span data-page-node-id="lCfOBEjO3NMkZBpxj8sp4R" data-dm-ref="96" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">19.18亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">居全场第一,金X国纪</span></span><strong data-page-node-id="NGobzIKr3AzmdsfCYCEk2B" data-dm-ref="97"><span data-page-node-id="5FWKRxOgON1H0khHC1qDfR" data-dm-ref="98" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">11.83亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,华X电力</span></span><strong data-page-node-id="sSO6TL85Hhz1na7H0CbD4A" data-dm-ref="99"><span data-page-node-id="yMzvVYtZgMyGy7za2OtfeP" data-dm-ref="100" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">4.64亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。涨停结构同样印证:电力系</span></span><strong data-page-node-id="vfKy94Olv5tGfYCz2ObpwA" data-dm-ref="101"><span data-page-node-id="eOsHHe5DYdUDDqGV5P5wJm" data-dm-ref="102" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">8家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、PCB/元件/玻纤</span></span><strong data-page-node-id="69Dm5PAVe2k7Aevyxj1xSB" data-dm-ref="103"><span data-page-node-id="0IDiS0iy5hCi5mlfqpoutt" data-dm-ref="104" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">6家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。钱没有去炒芯片设计,而是买了芯片的</span></span><strong data-page-node-id="ZEOfiHZLcNO5NimauJcaIc" data-dm-ref="105"><span leaf=""><span textstyle="" style="font-size: 18px;">厂房、载板、铜箔和供电锅炉</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。</span></span></p><p data-page-node-id="0VEy1igv3EltSxQk7PxfCj" data-dm-ref="106" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">风电整机</span></span><strong data-page-node-id="T2gus5mjjzRhkRvG3vFhwQ" data-dm-ref="107"><span data-page-node-id="lRbTObtEz7pO0GVi1zmIMk" data-dm-ref="108" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+8126万</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、快递</span></span><strong data-page-node-id="q4LO910oGDCIfGuZf4EQHO" data-dm-ref="109"><span data-page-node-id="o2AM1QgGdumjN54UWvTp7D" data-dm-ref="110" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+5927万</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、期货</span></span><strong data-page-node-id="hcRIldL9QXY8j5EjDTaQoc" data-dm-ref="111"><span data-page-node-id="jEtKaRd5VmJIWMLQn39lgW" data-dm-ref="112" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+5546万</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、铁路运输</span></span><strong data-page-node-id="HD0GEIIUIr8mpRGTHtty4N" data-dm-ref="113"><span data-page-node-id="ms8NxI84kut8BKpDY4BJ55" data-dm-ref="114" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+6257万</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、石油石化</span></span><strong data-page-node-id="7XQAabAAkGDniDXbLvM1e2" data-dm-ref="115"><span data-page-node-id="ioiSINbXK4LXwdjOtlYEKZ" data-dm-ref="116" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+8459万</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,这些防御+顺周期方向同步获资金流入。与此同时,商业航天</span></span><strong data-page-node-id="2GOh2Hj07VbnOCJmgNX9aG" data-dm-ref="117"><span data-page-node-id="OGkDbyl7kt4CVMqbsaaoDN" data-dm-ref="118" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-21.3亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、AI应用</span></span><strong data-page-node-id="acwHgfunknzCBgCpXZYFrm" data-dm-ref="119"><span data-page-node-id="oSDLAOPfCCwPeJ9exA3LGr" data-dm-ref="120" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-21.9亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、反内卷</span></span><strong data-page-node-id="jTKMpD9370TmEhvKnWhDMZ" data-dm-ref="121"><span data-page-node-id="IHVprk5orfY3CPitY5gRjh" data-dm-ref="122" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-22.1亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、超导概念</span></span><strong data-page-node-id="Km0C0Iy9ct7tllexH7cSZ4" data-dm-ref="123"><span data-page-node-id="x0vxKqDABW4oTdugXL2AMp" data-dm-ref="124" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-20.1亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、英伟达概念</span></span><strong data-page-node-id="bh5oP3bHPvkQhjpzjD1w6c" data-dm-ref="125"><span data-page-node-id="rzvlwtYU6pgPM3M5IhhCBv" data-dm-ref="126" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-19.6亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、稀缺资源</span></span><strong data-page-node-id="XxYhZIOaYDk2arTJd5F4jJ" data-dm-ref="127"><span data-page-node-id="S5FOZZATL8sT8NLokS5pPQ" data-dm-ref="128" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-21.5亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、医疗器械</span></span><strong data-page-node-id="5ArPO9kIZfcRZu3GkJVszJ" data-dm-ref="129"><span data-page-node-id="q43JZ3OjXNxjsnl1hYenYL" data-dm-ref="130" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-21.0亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">净流出居前。这是聪明钱对叙事资产的清算,对物理资产的定价。</span></span></p><p data-page-node-id="Q8tECVlpwii1mfGS3qlKoc" data-dm-ref="131" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="aFw1vHgDZUu3NRfiS2W4d5" data-dm-ref="132"><span data-page-node-id="kOXmbUu5VGykKR4YCcts37" data-dm-ref="133" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">三</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 电力系是唯一主线,但内部有强弱</span></span></p><p data-page-node-id="Fp4hMtdhJ4wNJXFihFk7Rj" data-dm-ref="134" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">华X电力主力净流入</span></span><strong data-page-node-id="XjcRV5Ude1cGHJ5V9Hpdoq" data-dm-ref="135"><span data-page-node-id="jHfU7uRB2wFDLtU8BouTMh" data-dm-ref="136" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">4.64亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,是电力股中资金最强攻击点。天X风能低位启动,20日涨幅仅</span></span><strong data-page-node-id="lIpJuGqq7HSbngbh18qgjC" data-dm-ref="137"><span data-page-node-id="AlGjfvOX6nTrtlzZjc1SHW" data-dm-ref="138" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+4.07%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,属于低位放量。大X重工量比</span></span><strong data-page-node-id="PySeWi32LnwEvlM5xBVO6r" data-dm-ref="139"><span data-page-node-id="ngrbjDnCUDbwlzFmGj4BVi" data-dm-ref="140" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">4.55</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">全场居前,PE</span></span><strong data-page-node-id="Yn8NXkAS93VA5laOUvFBeh" data-dm-ref="141"><span leaf=""><span textstyle="" style="font-size: 18px;">17.73倍</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,低估值+放量+净流入三共振。闽X电力、长X电工实现</span></span><strong data-page-node-id="0rI91TErXHNW2jTKM2P6rR" data-dm-ref="142"><span leaf=""><span textstyle="" style="font-size: 18px;">2连板</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,但长X电工盘中炸板</span></span><strong data-page-node-id="aP1RpKqoMKG6lEgYLo5Owb" data-dm-ref="143"><span leaf=""><span textstyle="" style="font-size: 18px;">3次</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,封单不坚决。湖X发展、乐X电力、芯X科技均为</span></span><strong data-page-node-id="chKp636bTZ4rTNhQm5VOHu" data-dm-ref="144"><span leaf=""><span textstyle="" style="font-size: 18px;">1板</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,梯队完整但高度有限。</span></span></p><p data-page-node-id="H6MUBRtDZ8Cj55qqn01dH7" data-dm-ref="145" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">电力系内部也有分化,华X电力、天X风能、大X重工属于</span></span><strong data-page-node-id="e2UzJKjGmUOsqSQbPh7qjk" data-dm-ref="146"><span leaf=""><span textstyle="" style="font-size: 18px;">低位点火</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,而闽X电力、长X电工已进入</span></span><strong data-page-node-id="omHxSm1f849FDP2yEcDps7" data-dm-ref="147"><span leaf=""><span textstyle="" style="font-size: 18px;">连板加速</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">阶段,两者策略不同。整体看,电力系是今日唯一有梯队效应的主线,但连板高度受限,</span></span><strong data-page-node-id="0JdTs3DKYLM8Ty7kvqUxBR" data-dm-ref="148"><span leaf=""><span textstyle="" style="font-size: 18px;">适合回踩低吸而非追高</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。</span></span></p><p data-page-node-id="5OWufzBOduzhAp0g4Bhwb9" data-dm-ref="149" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="jzFzPyC4EnGATdduZ9NePk" data-dm-ref="150"><span data-page-node-id="FmCtJH5oZG8L6vgmhrRxXL" data-dm-ref="151" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">四</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; PCB/覆铜板高位强势,只做回踩不追高</span></span></p><p data-page-node-id="0qT4hU9lddEk3otVOkCAjF" data-dm-ref="152" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">PCB/元件/玻纤方向</span></span><strong data-page-node-id="Yd3eAttK6UMSWpVGN1oRLx" data-dm-ref="153"><span data-page-node-id="XFc1sLwyMqa8XEclSqxSpU" data-dm-ref="154" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">6家涨停</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,但多数已处高位。金X国纪年涨</span></span><strong data-page-node-id="LhuiIovLwKkpqObDIFulhR" data-dm-ref="155"><span data-page-node-id="mw6vk9b06Trs6JOg8f3C6b" data-dm-ref="156" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">360%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,今日再次涨停,主力净流入11.83亿,炸板</span></span><strong data-page-node-id="svmGSC3pMJMhwb22sCzKxF" data-dm-ref="157"><span leaf=""><span textstyle="" style="font-size: 18px;">2次</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。趋势内强但赔率极低。超X电子20日</span></span><strong data-page-node-id="zEHgYMu0TkxfPtqaUgT6cC" data-dm-ref="158"><span data-page-node-id="rliEzLv9mi1V3pWaoZ4qCU" data-dm-ref="159" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+27.91%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、5日</span></span><strong data-page-node-id="SD0oqvpyzJNK7OqCmGPl0B" data-dm-ref="160"><span data-page-node-id="F4bYpfcHOHy0wDTHYOZDIv" data-dm-ref="161" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+24.83%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,趋势加速段,</span></span><strong data-page-node-id="N8xxGegfkUeiAWx7FoXEJW" data-dm-ref="162"><span leaf=""><span textstyle="" style="font-size: 18px;">严禁追高</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。太X实业主力净流入19.18亿全场第一,但量比仅</span></span><strong data-page-node-id="lZ3vXRPyNK4wfzibCKkkg1" data-dm-ref="163"><span leaf=""><span textstyle="" style="font-size: 18px;">1.04</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,5日</span></span><strong data-page-node-id="USX1D3BBS1HycDUX3c0lUx" data-dm-ref="164"><span data-page-node-id="g3onzHIo53B564yyMAJEcf" data-dm-ref="165" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+11.12%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,属于大盘股反包型,需回踩确认。环X电子涨停是苹果折叠屏逻辑,但年涨幅</span></span><strong data-page-node-id="XvFAyZDM9LzJ0zSsQ2mZc9" data-dm-ref="166"><span data-page-node-id="BqzIrvea10WHPV6cT5yTlC" data-dm-ref="167" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-5.58%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,今天这个涨停是在修复它自己都没脸看的价格。PCB方向有资金但高位,</span></span><strong data-page-node-id="NAxBTFfyJVWekZhwj5nzmk" data-dm-ref="168"><span leaf=""><span textstyle="" style="font-size: 18px;">只等回踩确认</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。</span></span></p><p data-page-node-id="IAfbzMUh4TzKTgn3Ikkf6g" data-dm-ref="169" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="Le4YDDPAFZZQFjtZsMalUX" data-dm-ref="170"><span data-page-node-id="iD4bRWp2aMe6lwzF9KB9Re" data-dm-ref="171" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">五</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 炸板率38.6%,涨停板质量不高</span></span></p><p data-page-node-id="yiIMVFiWY6JGhOkq7bs1uA" data-dm-ref="172" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">今日涨停</span></span><strong data-page-node-id="L3boOfcrOQNDR1gQeSSqj8" data-dm-ref="173"><span data-page-node-id="TGiN85CFlv7zL06hd5h9Bv" data-dm-ref="174" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">35家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,炸板</span></span><strong data-page-node-id="npUkjNkpGQ3jtxwYuH3OnX" data-dm-ref="175"><span data-page-node-id="3h0lCDIoLE46LX4uv9BCNC" data-dm-ref="176" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">22家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,炸板率</span></span><strong data-page-node-id="zPcEZNS14LhlshGsOfqNTw" data-dm-ref="177"><span data-page-node-id="E1DvSgHamsrje87KX97la0" data-dm-ref="178" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">38.6%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。连板率仅</span></span><strong data-page-node-id="OK8VeNvMA6JillCDnYiPlB" data-dm-ref="179"><span data-page-node-id="NwGFGxygDb4wuUuKMtgeeC" data-dm-ref="180" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">28.6%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,10只连板股中7只仅2板,最高</span></span><strong data-page-node-id="GvOh55ndD7fvyRB18BjlEf" data-dm-ref="181"><span leaf=""><span textstyle="" style="font-size: 18px;">4板</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。新X金融炸板</span></span><strong data-page-node-id="n0RqQEL3brSoHJdI1XK0GC" data-dm-ref="182"><span leaf=""><span textstyle="" style="font-size: 18px;">6次</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,美X能源炸板</span></span><strong data-page-node-id="SreHuRRvU6rdEE8HPJpu99" data-dm-ref="183"><span leaf=""><span textstyle="" style="font-size: 18px;">5次</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,长X电工炸板</span></span><strong data-page-node-id="4L3UhJjsQGmOiZLdX5118j" data-dm-ref="184"><span leaf=""><span textstyle="" style="font-size: 18px;">3次</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,水X燃气、芯X科技、金X国纪炸板</span></span><strong data-page-node-id="5S4diUmmDolNmmEs6cUvfH" data-dm-ref="185"><span leaf=""><span textstyle="" style="font-size: 18px;">2次</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。多数涨停股盘中多次开板,封单不坚决。</span></span></p><p data-page-node-id="fNf3RPnYGcHEO5ps2OLYII" data-dm-ref="186" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">跌停</span></span><strong data-page-node-id="X10aW9yM6lGfzar9KsERBW" data-dm-ref="187"><span data-page-node-id="AmYVrSjb6ToAnkxlosgitG" data-dm-ref="188" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">11家</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,农业链(中X糖业、海X橡胶、泸X化)、通信设备(楚X龙、华X科技)、中药(千X药业)领跌,转基因概念板块</span></span><strong data-page-node-id="Gt2C2CBbrdJ3KdttbGoTCz" data-dm-ref="189"><span data-page-node-id="z9NrJFaZWqmcJktVXz5hSk" data-dm-ref="190" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">-3.79%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,逻辑证伪。存量资金分歧大,追高亏钱效应被放大。这不是强势市场的特征,</span></span><strong data-page-node-id="Y6DBO1rwyVlUfMFJVyHPof" data-dm-ref="191"><span leaf=""><span textstyle="" style="font-size: 18px;">明天追高吃面的概率极高</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。涨停与跌停并存,赚钱效应集中在电力主线,其余方向亏钱效应明显。</span></span></p><p data-page-node-id="odAbnORsmf6H2pDE9nJTaM" data-dm-ref="192" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="4ZL6uOnx02ZuIF3CoOsCYk" data-dm-ref="193"><span data-page-node-id="FJz2qgNauxa6aGTk95czFH" data-dm-ref="194" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">六</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 黄金和欧洲能源是未被定价的预期差</span></span></p><p data-page-node-id="xGdHtCdzztslq1ZbR0p4lO" data-dm-ref="195" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">世界黄金协会数据显示,8月全球黄金ETF净流入</span></span><strong data-page-node-id="seWJUf7DyclFGUV0q6tGDJ" data-dm-ref="196"><span data-page-node-id="28PhEFYGawIELf9mFgpCBU" data-dm-ref="197" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">180亿美元</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、持仓</span></span><strong data-page-node-id="f7F223Vr8Gr13k9msfHFBK" data-dm-ref="198"><span data-page-node-id="ABu2jJWNnuDjGdcLjF15OD" data-dm-ref="199" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">4189吨</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">创新高。但今日A股黄金板块</span></span><strong data-page-node-id="dHOij7hOTbyN9sah1BkMZn" data-dm-ref="200"><span data-page-node-id="AXzSCDhdsuLh4o8uLue8lQ" data-dm-ref="201" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">零涨停</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,甚至连涨幅榜前40都未见。台积电8月营收同比</span></span><strong data-page-node-id="AhXmBx2J6MyfCFG4R4mKud" data-dm-ref="202"><span data-page-node-id="IfHYFwvK1DSekltPnHpD8A" data-dm-ref="203" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">+39.3%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,A股科创板指数创新低。产业物理层滚烫,A股叙事层冰冷。摩尔线程、宇树科技创新低,智谱大跌</span></span><strong data-page-node-id="x7rJFAfumRmkw71fug6QiP" data-dm-ref="204"><span data-page-node-id="VnuF595yeJEBGRcmCI1unV" data-dm-ref="205" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">10%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,拖累科创板。</span></span></p><p data-page-node-id="z5li1XwZU17T3fGV5ExbIn" data-dm-ref="206" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf=""><span textstyle="" style="font-size: 18px;">欧洲天然气两月暴涨</span></span><strong data-page-node-id="ptBCQ6scqU55T66PSbvxC8" data-dm-ref="207"><span data-page-node-id="SsynETYHFFVoLaJcGmtgwv" data-dm-ref="208" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">75%</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">、库存创15年新低,布油涨至</span></span><strong data-page-node-id="kkdJVbDHzhEYefo1zAgMFe" data-dm-ref="209"><span data-page-node-id="AFyTftLlHAiy04VjgnLHqD" data-dm-ref="210" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">100美元</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">以上,中国电力成本最稳、工业产能最完整。高盛喊「存储最差已过」,但这是海外先涨、A股接盘的时差套利。台积电营收新高若真代表需求强劲,那最差的日子根本还没开始,而是「最好的日子已经兑现」。这种A股与产业基本面背离的现象,历史上常出现在</span></span><strong data-page-node-id="46JZga6kYWuVNo31gIWFg9" data-dm-ref="211"><span leaf=""><span textstyle="" style="font-size: 18px;">风格切换的前夜</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">。当市场叙事失效,物理层资产开始重新定价时,第一个被修复的往往是最滞后的标的。这些逻辑尚未在A股充分定价,是下一轮修复的潜在方向。</span></span></p><section data-page-node-id="DGEPDTdUEXJ6eRsACyJgJC" data-dm-ref="212" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 24px;padding: 0px;border-top: 1px solid rgb(236, 231, 222);font-size: 0px;line-height: 0;"><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp;</span></span></section><p data-page-node-id="26goPE98hBmBPZ8Neuqs3x" data-dm-ref="213" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf=""><span textstyle="" style="font-size: 18px;">需要验证的</span></span></p><section data-page-node-id="y8eBO2tr70LJ1BhEAFu6FS" data-dm-ref="214" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;padding: 16px 16px 4px;background-color: rgb(250, 248, 245);border-radius: 4px;"><p data-page-node-id="tyUWCOyTcSdqC1eBXSsa1v" data-dm-ref="215" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="etRxBfLdBPXIH1UtGYd0ZH" data-dm-ref="216"><span data-page-node-id="msHXPT8AkEYnwP0VjAegns" data-dm-ref="217" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">1</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 电力系明日是否出现批量炸板或跌停。若炸板家数 &gt; 涨停家数,主线熄火。</span></span></p><p data-page-node-id="E0mJAy4Ihwh72xdd6RgmRm" data-dm-ref="218" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="Wfc9e5ilCmuhnCRCbeKeMq" data-dm-ref="219"><span data-page-node-id="SKB6DJnLthut91jTnMcvgu" data-dm-ref="220" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">2</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; PCB/覆铜板回踩是否守住今日涨停实体下沿。若直接破位,高位逻辑证伪。</span></span></p><p data-page-node-id="FADPVshjd2Rd8CPD7a3Qe2" data-dm-ref="221" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="Bnq8GbiDmvriTekIwzLEvv" data-dm-ref="222"><span data-page-node-id="SWQqLBiwk7IQVM99MUwYUU" data-dm-ref="223" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">3</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 科技题材(AI应用、半导体)是否止跌。若继续创新低,故事层清算未结束。</span></span></p><p data-page-node-id="9xPiSLtWJ7lzwrTwG10sVI" data-dm-ref="224" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="0xeWwwdlYtCAcoej2RUs8h" data-dm-ref="225"><span data-page-node-id="0QDjYOx5ZmPgclUXrGPueO" data-dm-ref="226" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">4</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 黄金股是否在1-2个交易日内批量异动。若有涨停,A股开始定价滞后预期差。</span></span></p><p data-page-node-id="aHNPpQCJU6L3Ze5X4IJAWT" data-dm-ref="227" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="DFeG022070yZe8hLYbnYrn" data-dm-ref="228"><span data-page-node-id="JdGETvhH7pC3CTHco0ANUP" data-dm-ref="229" style="color: rgb(184, 149, 110);"><span leaf=""><span textstyle="" style="font-size: 18px;">5</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp; 成交额是否回升至1.8万亿以上。若继续萎缩,存量博弈加剧。</span></span></p></section><p data-page-node-id="8GRfqLCp0mRYJcjCYkxCKW" data-dm-ref="230" style="font-family: &quot;Noto Sans SC&quot;;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf=""><span textstyle="" style="font-size: 18px;">这个判断什么时候需要修正</span></span></p><section data-page-node-id="SDPpBNkxv3Y4STjhKHi5Ad" data-dm-ref="231" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 18px;padding: 16px 16px 4px;background-color: rgb(253, 243, 241);border-left: 4px solid rgb(212, 53, 28);border-radius: 4px;"><p data-page-node-id="JqH2MI7UqwY4xA110uGa16" data-dm-ref="232" style="margin: 0px 0px 8px;font-size: 14px;line-height: 1.6;letter-spacing: 1px;color: rgb(212, 53, 28);font-weight: bold;"><span leaf=""><span textstyle="" style="font-size: 18px;">正面:判断成立</span></span></p><p data-page-node-id="dUoLyX800wYcow36o6EDhH" data-dm-ref="233" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><span leaf=""><span textstyle="" style="font-size: 18px;">电力系回踩后再次放量涨停且封单坚决 + 成交额回升至</span></span><strong data-page-node-id="glFLvaSA0D5vVQ5iy7NFAF" data-dm-ref="234"><span data-page-node-id="Nex8fs7OBHUX2JB7voiTc8" data-dm-ref="235" style="color: rgb(212, 53, 28);"><span leaf=""><span textstyle="" style="font-size: 18px;">1.8万亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">&nbsp;+ PCB/元件回踩不破位 → 可加仓,仓位不超</span></span><strong data-page-node-id="4QY28kPzHCXCo1osCEjjHL" data-dm-ref="236"><span leaf=""><span textstyle="" style="font-size: 18px;">5成</span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">,只做回踩。</span></span></p></section><section data-page-node-id="f1fEXC3GFW0ZPCvgzz4XtW" data-dm-ref="237" style="color: rgb(51, 51, 51);font-family: &quot;Noto Sans SC&quot;;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;padding: 16px 16px 4px;background-color: rgb(241, 248, 244);border-left: 4px solid rgb(0, 160, 80);border-radius: 4px;"><p data-page-node-id="A78deXaPJWHuvLf1Gx34nN" data-dm-ref="238" style="margin: 0px 0px 8px;font-size: 14px;line-height: 1.6;letter-spacing: 1px;color: rgb(0, 160, 80);font-weight: bold;"><span leaf=""><span textstyle="" style="font-size: 18px;">反面:判断错误</span></span></p><p data-page-node-id="0jgRVgUQAeQ2pFBzHGmimH" data-dm-ref="239" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><span leaf=""><span textstyle="" style="font-size: 18px;">电力系批量炸板/跌停 + 成交额继续萎缩至</span></span><strong data-page-node-id="JPvDiX9vqAtFNtiCbtcZqX" data-dm-ref="240"><span data-page-node-id="3vWlS8TR2TDVJge0GC6cfC" data-dm-ref="241" style="color: rgb(0, 160, 80);"><span leaf=""><span textstyle="" style="font-size: 18px;">1.5万亿</span></span></span></strong><span leaf=""><span textstyle="" style="font-size: 18px;">以下 + 科技题材反弹但无量 → 需止损转向,回避科技题材。</span></span></p></section><section><span leaf=""><br /></span></section><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>

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