来源：市场资讯 （来源：大公馆） 源自：睿知睿见 11月最后一周，科技板块大幅反弹，行情能持续吗？ 1. 成交额 本周成交额缩量到1.7万亿左右。周五是1.6万亿。 距离地量的1.5万亿还差一些。 2. 换手率 中证全指的换手率下降到1.75%左右，周五是1.72%，距离1.5%还差一些。 3. 波动率 回顾一下本周的行情：从一级行业来看，本周上涨最多分别是通信8.7%；电子6.05%；传媒4.23%。 而表现不好的是偏红利的石油石化，煤炭，交运和银行。 很明显，本周是科技大幅反弹！但市场调整不会一蹴而就！所以还是要保持耐心。 一、指标跟踪 我们先看看一些数据指标处于调整的什么阶段。 波动率下降的速度比较快，今天已经达到15.68。 随着波动率的下降，市场的轮动会明显加速，追涨杀跌很容易连续亏损。因为这个时候是量化掌握主动 权。频繁操作很容易被量化收割。 市场往往会维持较长时间的低波状态才会开启下一轮行情。 4. 两融买入额占比 本周在10%左右震荡。 虽然有所下降，但距离情绪低点还有距离。 5. TMT成交额占比 当下仍然没有有效降低到30%以下。 正所谓多头不死，空头不止。 这种拥挤度，短期内不大容易再次 ...

Group 1 - The core viewpoint of the article highlights a significant outflow of main funds from the market, totaling 289.23 billion yuan over the past two weeks, with no industry experiencing net inflows [5][6][8] - The top three industries with the largest net outflows of main funds are electronics, computers, and communications, indicating a bearish sentiment in these sectors [5][8] - The financing and securities lending balance in the market is currently at 2.498849 trillion yuan, reflecting a 1.95% increase compared to the previous period, with the financing balance at 2.480549 trillion yuan and the securities lending balance at 183 million yuan [5][9] Group 2 - In terms of market performance, the number of stocks that rose exceeded those that fell in the past two weeks, with the top three performing industries being power equipment, steel, and basic chemicals, while the worst performers were beauty care, communications, and electronics [5][21] - The overall strength analysis score for all A-shares is 5.41, indicating a neutral market condition, with the Shanghai and Shenzhen 300 index scoring 5.15, the ChiNext scoring 5.26, and the Sci-Tech Innovation Board scoring 4.58 [5][26][27] - The market is currently in a "normal" state, suggesting that investors should observe carefully and choose their direction wisely, with a potential focus on technology and Hong Kong stocks for rebound opportunities [6][7]

Group 1 - The core point of the article is that the recent rebound in the technology sector is primarily influenced by the attitude of capital, with macro data remaining acceptable and policy resources shifting towards industrial upgrades and technological breakthroughs [1][3] - The domestic market has stabilized, particularly with a short-term rebound in the technology sector, driven by positive performance in communication equipment, especially optical modules, and a recovery in artificial intelligence and robotics [3] - There are rumors that leading companies may secure large overseas orders, significantly revising revenue and profit expectations for 2026, although these claims have not been officially confirmed [3] Group 2 - The easing of external environmental risks, particularly the softening of US-China relations, is seen as a key driver for the market recovery rather than the industry developments themselves [3] - Recent statements from the US indicate that the focus of upcoming US-China negotiations will include three main topics: China's rare earth regulations, the purchase of US soybeans, and the control of addictive substances like fentanyl, suggesting potential for substantive outcomes in the near future [4] - The upcoming summit in South Korea is anticipated to yield positive news, contributing to improved market sentiment [4]