“申”度解盘 | 对比“924”行情，3800点之后市场如何看待？

Core Viewpoint - The A-share market has shown a strong upward trend, with the Shanghai Composite Index surpassing 3800 points, marking a 3.49% increase and reaching a ten-year high, while the ChiNext Index recorded a 5.85% increase after an 8.58% rise the previous week [6] Market Performance - The market has maintained a trading volume above 2 trillion, indicating high activity and positive sentiment among investors [6] - The recent rally is compared to the 924 rally of 2024, characterized by strong performance in the ChiNext and technology sectors, particularly in semiconductor-related ETFs [6][7] - The current market is driven by a combination of domestic policies, including tariff changes and structural reforms, leading to a "systematic slow bull" market [7] Investment Trends - There is a noticeable shift in investor behavior from short-term trading to long-term holding, with both large-cap and micro-cap stocks experiencing upward movement [7] - New account openings and margin trading balances are growing steadily, although not at the explosive rates seen during the 924 rally [7] Future Outlook - The market is expected to maintain an upward trend, with indices breaking through previous resistance levels and showing strong momentum [7] - The current market environment is seen as attractive for capital absorption, particularly in the context of asset scarcity [7] Technical Analysis - The market has not yet retraced to the 5-day moving average, suggesting a strong bullish trend; investors are advised to set tracking lines for disciplined trading [7]