帮主郑重：下周A股关键窗口！政策底已现，这三大方向或成突破口

Market Overview - A-shares have shown a strong upward trend for three consecutive weeks, with the Shanghai Composite Index stabilizing above 3500 points, indicating a significant recovery in market sentiment [1][3]. Economic Data - A series of important economic indicators, including import and export data, financial statistics, and GDP figures, are set to be released next week. The second quarter GDP growth rate is expected to be around 5%, slightly lower than the first quarter but still within a reasonable range [3][4]. - Key details to monitor include the resilience of export data and whether M2 growth remains above 8%. Positive data could further boost market confidence, while disappointing figures may lead to short-term volatility [3]. Policy Developments - Recent favorable policies include guidance from the Ministry of Finance to encourage long-term investments from insurance funds, potentially injecting trillions of yuan into the market [3]. - The Ministry of Industry and Information Technology is promoting the "AI + Manufacturing" initiative, which supports the application of large models and intelligent systems in enterprises, creating new investment opportunities [3]. Global Market Influence - U.S. stock indices closed higher, with Nvidia surpassing a market capitalization of $4 trillion, reflecting strong global investor confidence in technology [4]. - The Federal Reserve's upcoming interest rate meeting is anticipated to maintain a cautious stance, with a low probability of rate cuts, suggesting limited direct impact on A-shares from global market fluctuations [4]. Technical Analysis - The Shanghai Composite Index is currently in a pullback phase after breaking through a resistance level, with strong support around the 3500-point mark. The 5-day and 10-day moving averages have formed a golden cross, indicating a positive trend [4]. - The ChiNext Index is supported by the 2000-point level and the 20-day moving average, while the CSI 1000 Index has recently reclaimed its 60-month moving average, signaling potential upward momentum [4]. Capital Flow - Recent data indicates a shift in main capital flows, with non-bank financials, computers, and metals sectors experiencing gains, while the banking sector saw a pullback [5]. - Notably, the electronics and power equipment sectors have attracted significant net inflows, aligning with supportive policies [5]. - Upcoming unlocks of restricted shares from 33 companies, valued at approximately 26.2 billion yuan, may present potential risks, particularly in stocks like Tianyue Advanced and Maiwei Biological [5]. Investment Strategy - The market is likely to maintain a fluctuating upward trend, with intense competition around the 3500-point level. Investors are advised to focus on three key areas: financial technology, high-end manufacturing, and consumption upgrades [6]. - Opportunities for low-entry positions should be considered, especially in sectors that have seen significant prior gains, while sectors like electricity and pharmaceuticals may become the next focus for capital rotation [6]. - Maintaining a flexible position is recommended, with a suggested holding level of 60-70% to accommodate unexpected market changes [6].