Both the bulls and bears have been contending around the 3,030 point level of the Shanghai Composite Index for six trading days, and ultimately, no clear direction was chosen. However, there was also no direct continuation of downward pressure. It is worth noting that during these past six trading days, not only has the Beijing Stock Exchange (BSE) aggressively drawn attention away from the main board, but there has also been a collapse of blue-chip heavyweight stocks such as BYD. Against this backdrop, the index's ability to maintain a resistant posture is a sign of strength that lacks room to fall further.

What is now needed is patient waiting for the index to fluctuate and boldly seize the opportunity to invest in quality stocks that have been consolidating at relatively low mid-term levels. Many stocks are severely undervalued, and there are plenty of market opportunities. When the index eventually breaks away from the bottom area, the number of cheap stocks at the bottom will also decrease. Cherish the opportunity to buy low at the bottom.

The initial stage of building a bottom requires a certain amount of patience. Constructing a bottom pattern is quite an ordeal and requires endurance. The short drama game concept continued to rise today, with multiple stocks such as Yinsai Group, Bestdak, HengYin Technology, Yinli Media, and Wangda Software hitting the upper limit. In terms of news, AIGC company Pika recently announced on its official website the launch of the Pika 1.0 version, which has already opened for trial applications. New features include text-to-video and image-to-video generation, which is beneficial for this sector. The current trend is towards the integration of multimodalities, with the iteration of AI-generated video technology accelerating the application and commercial model innovation. There have also been relevant explorations in China. Although it may currently be non-existent and may end up being a fiasco, the market is already speculating on it.

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Looking ahead to the hidden front, today's gold futures once stood above the $2,150 per ounce mark, with the maximum increase exceeding 3%, setting a historical record; spot gold also soared again, reaching a high of $2,144 per ounce, breaking the historical record set in May this year. This has led to the strength of the gold sector today, with SuHao Hongye hitting the upper limit, and ChiFeng Gold, Sichuan Gold, and others have also seen an increase. In terms of news, weak US economic data and rising expectations for interest rate cuts have driven up gold prices. Therefore, there is still an opportunity for the mid-term gold concept. The gold stock sector is still too small, and the focus should be on whether the entire non-ferrous metal sector, represented by silver and copper, will be stimulated subsequently. Among them, 000603 Shengda Resources is an object worth paying attention to. Today, an unexpected sector with a large decline is the seed industry within the grain sector. The transgenic direction in the seed industry has weakened across the board, with LongPing High-Tech and DengHai Seed Industry heading towards the lower limit, and QuanYin High-Tech, DaBeiNong, FengLe Seed Industry, and others have all experienced significant declines. The reason for the decline is currently unknown, but the stocks that are falling are basically in the corn direction, which should be due to problems with corn transgenics or the announcement of strict policy measures. Let's wait and see the changes in the news, but in any case, today's selling is not likely to be done by retail investors. Overall, for the current market, there is no need for everyone to be overly bearish. Being empty-handed is as risky as being fully invested. The market's current resilience already indicates that the most likely direction of the breakthrough is upward. Since the turning point is approaching, with the central financial conference's "financial power" goal proposed and the continuous release of benefits to invigorate the capital market, we judge that after the low-level consolidation period, the A-share market will usher in a monthly rebound trend.