紧急聚焦！7月29日A股冲击3600点，多空博弈，哪些板块将引领风骚？

Core Viewpoint - The market is experiencing heightened volatility and uncertainty due to the upcoming Federal Reserve meeting and the countdown to tariff deadlines, leading to cautious behavior from foreign investors and a decline in the Nasdaq index [1] Group 1: Market Performance - The ChiNext 50 Index rose by 1.2% led by semiconductor companies, but the brokerage sector's sudden downturn hindered overall progress, with the Shanghai Composite Index stagnating around 3597 points and a trading volume of only 1.68 trillion [3] - The market is engaged in a fierce battle around the 3600-point level, with significant trading activity and commentary flooding online platforms [3] - Despite a 5 billion influx of funds into the technology sector, there was a sudden 300 million sell-off in high-priced PCB stocks, indicating underlying market tensions [3] Group 2: Sector Analysis - The cyclical sector continues to show weakness, with coking coal futures hitting the limit down, causing panic across the sector, and a significant 70 billion net outflow of funds over three days [5] - The financial sector has shown some strength, with China Ping An's new insurance product attracting 5 billion in premiums within three days, leading to a surge in the insurance sector [7] - The pharmaceutical sector experienced a remarkable turnaround with a 12.5 billion USD collaboration deal between Heng Rui Pharmaceutical and GlaxoSmithKline, reviving interest in the sector that had been suppressed by procurement policies [9] Group 3: Capital Flows - Northbound funds saw a net outflow of 6.6 billion, marking the highest single-day outflow this year, while simultaneously investing 15 billion in Hong Kong stocks, indicating a split strategy [10] - Over the past three days, main funds have purchased 5 billion in technology and pharmaceutical sectors while offloading 7 billion from steel and coal sectors, creating a divided market landscape [10] Group 4: Technical Indicators - The market is currently oscillating around the 3582-point support level, with 3605 points acting as a resistance, indicating a critical juncture for market direction [9][10] - The 20-day moving average has crossed below the 30-day moving average, signaling potential bearish trends, while the market struggles to maintain trading volumes around the 1.8 trillion mark [9]