游资主导A股独立走强，短期趋势重回向上

Group 1 - The core viewpoint indicates that the A-share market, driven by speculative funds, has shown a strong independent upward trend, with the short-term trend returning to an upward direction [3][4]. - The Shanghai Composite Index and the CSI 300 Index experienced weekly gains of 1.70% and 2.37% respectively, while the CSI 500 Index surged by 3.88% [3]. - Economic data released in July shows a significant cooling trend, with most indicators such as industrial production, real estate sales, and retail consumption showing year-on-year declines [3][4]. Group 2 - The technical analysis highlights that speculative funds have played a crucial role in the market's recovery, with A-shares demonstrating independent pricing power despite weak fundamental data [4][5]. - The market's recent performance suggests a shift from a fundamental-driven market to one dominated by liquidity, with a recommendation for high positions in the main board and small-cap sectors [5]. - The short-term momentum model suggests focusing on industries such as automotive, telecommunications, and computing, while the overall style has shifted to favor large-cap stocks [5].