Core Viewpoint - The current market is in the late stage of an upward trend, where technical analysis plays a crucial role for investors, particularly those skilled in it, leading to potential overconfidence and misattribution of market gains to personal ability rather than underlying macroeconomic and industrial factors [1] Group 1: Market Dynamics - The market is experiencing significant differentiation, with major blue-chip stocks such as banks, insurance, brokerage, and real estate not reaching new highs but instead rebounding after previous adjustments, aided by favorable developments in US-China relations [1] - The market shows a "four two pull thousand pounds" effect, indicating that while the index breaks through, the underlying stocks are not uniformly participating in the rally [1] Group 2: Stock Performance - Approximately 2,000 stocks rose today, while over 3,000 stocks adjusted, and around 200 stocks remained flat, indicating a disparity in stock performance despite the index appearing to reach new highs [1] - The number of stocks hitting the daily limit up has decreased compared to the previous two days, with only three stocks hitting the limit down, suggesting a weakening momentum in the broader market [1] Group 3: Sector Trends - Market hotspots are shifting towards weak cyclical sectors such as pharmaceuticals, cultural media, and tourism, which, while active, have a limited number of stocks participating [1]