Summary - The overall sentiment is a strong buy based on various technical indicators and moving averages [3][6][9] Group 1: Moving Averages - The 5-day simple moving average (MA5) is at 13718.6, indicating a buy signal [5] - The 10-day simple moving average (MA10) is at 13594.2, also signaling a buy [5] - The 20-day simple moving average (MA20) is at 13484.0, confirming a buy [5] - The 50-day simple moving average (MA50) is at 13450.0, suggesting a buy [6] - The 100-day simple moving average (MA100) is at 13329.1, indicating a buy [6] - The 200-day simple moving average (MA200) is at 13351.0, also signaling a buy [6] Group 2: Technical Indicators - The Relative Strength Index (RSI) is at 64.204, indicating a buy [8] - The Stochastic Oscillator (STOCH) is at 94.778, indicating overbought conditions [8] - The Stochastic RSI (STOCHRSI) is at 87.933, also indicating overbought conditions [8] - The MACD is at 83.900, signaling a buy [8] - The Average True Range (ATR) is at 175.7857, indicating high volatility [8] - The Average Directional Index (ADX) is at 28.737, suggesting a buy [8] - The Commodity Channel Index (CCI) is at 143.2309, indicating a buy [8] - The Highs/Lows indicator is at 172.8571, signaling a buy [8] - The Ultimate Oscillator (UO) is at 61.705, indicating a buy [8] - The Rate of Change (ROC) is at 4.519, signaling a buy [8] Group 3: Summary of Recommendations - Overall, there are 12 buy signals and 0 sell signals across various indicators [3][6][9]

Group 1 - The U.S. stock market is experiencing a strong rebound driven by technology stocks, with the S&P 500 index nearing historical highs, while the Fear and Greed Index indicates "extreme greed," reflecting heightened market risk sentiment [1][3] - Major technology stocks, particularly Nvidia, have shown robust performance, with Nvidia briefly surpassing a market capitalization of $4 trillion, marking a significant recovery from earlier concerns related to spending and trade tensions [10][9] - Analysts suggest that as the earnings season approaches, market focus will shift from tariff news to corporate earnings performance, with high investor expectations potentially leading to increased volatility [8][13] Group 2 - Goldman Sachs strategists have raised their outlook for U.S. stocks, citing the continued strength of major companies as a reason for potential further gains, while Piper Sandler expresses an optimistic view despite new trade war concerns [5] - The market's reaction to ongoing trade news has become muted, indicating a transition period where the next catalyst for movement will likely be the upcoming earnings reports [13] - The return of risk appetite is also evident in other asset classes, such as Bitcoin, which has surpassed $112,000, further confirming investor interest in high-risk assets [10]

Group 1 - The overall market sentiment is strong buy, with 12 buy signals and 0 sell signals across various time frames [2][5]. - The moving averages indicate a consistent buy signal, with MA5 at 13468.2, MA10 at 13496.5, and MA20 at 13391.5, all suggesting a buy [4][5]. - Technical indicators show a strong buy with 8 buy signals and 1 sell signal, indicating bullish momentum [2][8]. Group 2 - The RSI(14) is at 55.933, suggesting a buy, while the stochastic indicator indicates overbought conditions at 93.421 [7]. - The MACD(12,26) is at 44.800, which is also a buy signal, indicating positive momentum [7]. - The average true range (ATR) is at 166.3571, indicating high volatility in the market [7].

Group 1: Commodity Market Insights - Spot gold maintains a bullish trend, with the first resistance level at 3361.81 [1] - Spot silver targets the first resistance at 37.08 [3] - WTI crude oil remains under pressure, with primary support at 65.82 [5] Group 2: Currency Market Insights - The US Dollar Index approaches the first support level at 96.62 [17] - The Euro against the US Dollar tests the first resistance at 1.1806, with a second resistance at 1.1819 [19] - The British Pound against the US Dollar has reached the first resistance at 1.3064, with attention on whether it can break through this level [21]

Group 1 - The core idea of the discussion revolves around the daily review of the Hong Kong stock market, focusing on individual stocks and the Hang Seng Index, to help investors understand market changes and trading signals [2][3] - The company emphasizes the importance of data-driven communication, providing insights into trading signals and market trends to assist investors in making informed decisions [3][4][6] - The analysis highlights a tendency among investors to prefer short-term trading strategies rather than long-term holding, which is attributed to the perceived risks associated with longer holding periods [4][5][6] Group 2 - The company utilizes a database that is updated daily to provide timely analysis of stock performance, including significant market fluctuations [7][11] - Technical analysis signals are summarized into four categories: buy, strong buy, sell, and strong sell, simplifying the communication of trading signals to investors [10][12] - The analysis of support and resistance levels is crucial for investors, especially those trading in structured products like warrants and bull-bear certificates, as it helps in assessing risk and making strategic decisions [13][14][16] Group 3 - The discussion includes specific examples of stocks such as Tencent and Alibaba, providing insights into their current trading signals and potential price movements based on technical analysis [15][16] - The company encourages investors to consider risk management when selecting products, particularly in relation to support and resistance levels, to mitigate potential losses [13][14] - The session concludes with an invitation for further questions and discussions on structured products, indicating a commitment to ongoing investor education and engagement [17][19]

郑氏点银：黄金昨日突破上涨，今日回踩确认再企稳延续拉升 回顾昨日行情走势及出现的技术点： 原油方面：这几日动静真不大，今日从小通道来看，有向上突破的迹象，关注66支撑，其次是64.9支撑，阻力67.3，先留意支撑和阻力之间的震荡，倾向于 回踩去看反弹； 第一，黄金方面：昨日金价一路慢涨走高，从开盘3302一路连阳推高至3357美盘高点，给了三次短线看涨，都无法触及预期进场点；由于欧盘持续拉升，认 为美盘还有二次上涨空间；则短线指出3335看涨，今日也最终拿下10美金；而波段是采取分批布局，第一入场点位置虽不佳，第二入场点进去后，均价也就 是3343一线，也就是现在价格，只要守住3325不失守，区间整理之后仍倾向于向上突破； 第二，白银方面：昨日指出35.3上支撑有效，36.8之下阻力，区间内整理； 昨日短期支撑36.2顶底，保守支撑35.7-35.8支撑，企稳震荡看涨； 第三，黄金小时线级别：今日整体震荡于3345-3325区间；两次回踩确认逼近通道上轨，都支撑探底拉升，表明昨日上破通道还是有效的；此时中轨有所突 破，但3345震荡压力位还没有效收盘站上，或等待20点15分小非农数据来刺激引导； 若收盘阳线站 ...

Core Viewpoint - The article presents a comprehensive analysis of major asset classes based on macroeconomic and technical perspectives, indicating a mixed outlook for equities, bonds, industrial products, and gold [1][3][19]. Macroeconomic Perspective - The macroeconomic view suggests a neutral stance on equity assets, a favorable outlook for bond assets, a negative outlook for industrial products, and a positive outlook for gold assets [5][19]. - Specific macro indicators such as PMI, CPI, and social financing are analyzed to assess their impact on asset performance [6][19]. Technical Perspective - The technical analysis indicates a downward trend for equity and bond assets, while industrial products and gold show an upward trend [9][10][19]. - The article employs various trend indicators to measure the performance of different asset classes, with historical data supporting the current trends [7][10]. Asset Valuation - The equity risk premium (ERP) for the CSI 800 index is reported at 73.74%, indicating that equity valuations are relatively low [12][13]. - The analysis of fund flow shows a net inflow of 915 million yuan into equity assets, suggesting a positive sentiment among investors [15][16]. Asset Allocation Performance Tracking - Historical performance data indicates that a fixed ratio combined with macro and technical indicators yielded a return of 1.06% as of June 2025, with an annualized return of 11.86% since April 2006 [2][20][24]. - Different asset allocation strategies, including risk parity and volatility control, have been evaluated, showing varying returns and risk profiles [25][24]. Summary of Asset Class Scores - The combined scores from macro and technical indicators show equities at 0, bonds at 2, industrial products at 0, and gold at 4, reflecting the overall market sentiment and expected performance [18][19].

Group 1 - The article discusses the current market sentiment, indicating a general "buy" recommendation based on various technical indicators [2][5]. - The moving averages show a mixed signal, with short-term averages suggesting "buy" while longer-term averages also indicate a positive outlook [4][5]. - Technical indicators such as MACD and UO are signaling "buy," while RSI and CCI are neutral, suggesting a balanced market condition [7]. Group 2 - The analysis of the moving averages reveals that MA5 is at 13565.4, MA10 at 13432.8, and MA20 at 13377.5, with the majority indicating a "buy" signal [4][5]. - The RSI is at 51.284, indicating a neutral position, while the stochastic indicators suggest an overbought condition [7]. - The ATR indicates high volatility at 165.1429, which may affect trading strategies [7].

Core Viewpoints - The securities sector is currently facing multiple resistance levels near previous highs and trading dense areas, which may lead to short-term consolidation. However, the short-term moving averages are trending upwards, and the MACD indicators across daily, weekly, and monthly charts show a positive cross, indicating no significant signs of weakness in technical conditions. There is active large-scale buying at lower levels, suggesting potential for upward movement after sufficient consolidation [3][4][6]. Summary by Sections Technical Analysis of the Securities Sector - The report reviews a previous analysis from May 16, 2025, which indicated that the securities index was in a recovery phase with limited downside potential. The index had a maximum increase of over 12% following the analysis, supported by strong buying at lower levels [3][6]. - Currently, the index is encountering resistance near the high formed on March 14, 2025. Despite this, it has shown resilience by bouncing off the 20-day moving average, forming a bullish "Red Three Soldiers" candlestick pattern, and reaching the previous high pressure level [3][6]. - The technical indicators are improving, with multiple moving averages aligned positively, indicating active buying momentum. The MACD indicators are also showing a positive cross, further supporting the bullish outlook [3][9]. Market Dynamics - Large-scale funds have been actively entering the market, with net inflows exceeding 30 billion yuan during the consolidation phase. Notably, there were nine days with net inflows over 800 million yuan, indicating strong buying interest despite the presence of multiple resistance levels [3][10]. - The report emphasizes that while the index is under pressure, the active large-scale funds suggest that there is still potential for upward movement after sufficient consolidation [3][10].

小米集團（01810.HK）在近期的港股走勢中明顯展現出技術面多頭主導的特性。自股價突破50港元整數關口後，呈現出加速上升的趨勢，並於6月27日收於 58.95港元，單日上升3.60%，成交額高達287.04億港元，為市場中最活躍的個股之一。股價連日強勢上揚，整體技術走勢結構已確認由底部轉為中期升浪的 擴展階段。目前的技術結構暗示，即使短線出現整固或回調，亦屬健康的趨勢修正，將為中短期投資者提供潛在切入機會。 截止今日（30日）9點35分，股價報58.7元 。根據2025年6月25日市場數據顯示，小米集團(01810.HK)相關衍生品在正股上漲行情中展現出差異化表現。當正 股在兩日內錄得4.06%的漲幅時，其掛鉤的衍生品產品均實現顯著超額收益。法巴認購證15645表現最為突出，實現30%的漲幅，杠杆效應達到7.4倍；花旗 認購證13549緊隨其後，取得28%的回報。牛證方面，法巴牛證69005和摩通牛證53165均錄得23%的漲幅。 從主要支撐與阻力位分析，現階段首要支撐位位於55.1港元，其次為52.4港元。這兩個區間對應前一波升浪中高成交密集區與回踩確認位，若股價於短線升 勢後回落至該區間並獲得承接，將形 ...