科技股领跌，主线换了吗？

Market Overview - A-shares experienced a downturn with consumer stocks providing support while technology stocks fell sharply, leading to a decline in the ChiNext Index by over 1% [1][2] - The Shanghai Composite Index closed at 4002.76 points, down 0.39%, while the ChiNext Index fell 1.4% to 3134.32 points [2] - A total of 2785 stocks rose, while 2504 stocks fell, indicating a mixed market sentiment [3] Sector Performance - Technology sectors, particularly communication and electronics, led the declines, with significant drops in stocks like Zhongji Xiangchuang and Tianshu Communication, which fell over 4% [4][5] - The consumer sector continued its upward trend, with retail stocks showing resilience, as evidenced by the strong performance of companies like China Duty Free, which rose 4.19% [3][6] - Defensive sectors such as retail and real estate outperformed, with notable gains in the commercial retail sector [7] Investment Sentiment - Market participants are cautious due to a dense sell-off pressure above the 4000-point mark, with technical resistance observed [11] - The ongoing adjustment in technology stocks is attributed to profit-taking by institutions as year-end assessments approach, leading to capital outflows from crowded positions in the TMT sectors [1][12] - Despite the current volatility, the technology sector, particularly AI-related stocks, is expected to remain a focal point for future investment opportunities [13][14] Trading Strategies - Investors are advised to maintain stable positions, dynamically taking profits on high-valued technology stocks while gradually building positions in lower-valued stocks [15] - The focus should be on sectors supported by policy, such as new energy and photovoltaic industries, as well as traditional sectors with strong defensive characteristics [15] - Recommendations include prioritizing investments in low-valuation blue-chip stocks and sectors with strong profit certainty, while avoiding high-valuation hardware equipment [15]