上行趋势中看好什么板块？

Market Overview - The market continues to operate in an upward trend, with the core observation variable being whether the market's profit-making effect can be sustained. As long as the profit-making effect is positive, incremental capital is expected to continue entering the market. Currently, the WIND All A trend line is around 5400 points, with a profit-making effect value of 4.09%, which is significantly positive. Even in the face of short-term fluctuations, it is recommended to hold patiently or increase positions on dips [1][3][8]. Performance Metrics - The Davis Double strategy has an excess benchmark of -0.44% this week, with a cumulative absolute return of 26.78% for the year. The CSI 300 Enhanced strategy has an excess benchmark of 0.31% this week, with a cumulative excess return of 16.82% for the year. The net profit gap strategy has an excess benchmark of -1.68% this week, with a cumulative absolute return of 35.72% for the year [1][9][13]. Sector Recommendations - In terms of industry allocation, the mid-term perspective continues to recommend sectors that are experiencing a turnaround, including Hong Kong innovative drugs, Hong Kong securities, and Hang Seng consumption. The upward trend remains intact. The TWO BETA model continues to recommend the technology sector, focusing on military industry, AI applications, and solid-state batteries. Overall, in the upward trend, attention should be paid to high-elasticity sectors such as brokerages and technology [2][3][8]. Valuation Indicators - The overall PE of the WIND All A index is around the 70th percentile, indicating a medium level, while the PB is around the 30th percentile, indicating a relatively low level. Based on short-term trend assessments, the absolute return products with WIND All A as the stock allocation subject are recommended to have an 80% position [4][6]. Market Dynamics - The timing system signals show that the distance between the 20-day and 120-day moving averages continues to expand, with the latest data showing the 20-day line at 5437 and the 120-day line at 5168 points. The difference between the two lines has increased from 4.04% last week to 5.21%, with an absolute value significantly greater than 3%. The market continues to operate in an upward trend [3][8].