一、证监会突发改革IPO！咱们可以看看港股的行情，尤其是恒生科技指数，明显被IPO给拖累住了。在沪指和美股都接连创新高的情况下，恒指和恒生科 技指数还在那儿晃晃悠悠，特别是恒生科技指数，表现得挺没劲的。 看看周五的成交情况，全天两市总金额达到了1.7万亿元，应该说这是一个非常难得的突破，其实我最担心的是市场突破了3500点，两市的成交金额还不到 1.5万亿元。 这就会是一个非常麻烦的事情，说明了场外的增量资金并不积极，这样就没有向上突破的期望了，所以周五指数从3500点向上拓展空间，而这个时候成交也 跟上了，是最近以来向上突破也比较少见的现象。 四、涨停复盘：沪指冲高回落微涨0.01%，银行板块集体回落 再看看A股，接下来加大IPO力度，给实体经济"输血"，这事儿挺合理的。听说上半年A股的IPO受理数量猛增。2025年1到6月，有177家企业A股IPO获受 理，比去年同期多了453%。受理的多了，接下来要上市的自然也多了。政策也大力扶持那些还没盈利的科技企业上市。 沪指涨0.01%，深成指涨0.61%，创业板指涨0.8%。全市场成交额17366亿元，较上日放量2215亿元。全市场超2900只个股上涨。 大盘强 ...

Market Overview - The overall market continues to show a fluctuating trend, with the Shanghai Composite Index maintaining a slight increase while the ChiNext Index is in a downward state [1] - The Hang Seng Index is rising, but the Hang Seng Tech Index is experiencing a pullback from its high [1] Key Technical Levels - The previous high of 5500.89 for the Hang Seng Tech Index is identified as a critical resistance level; a breakthrough could justify short-term bullish positions [3] - Current market conditions are sensitive, suggesting a cautious approach with a focus on observation rather than immediate action [3] Market Dynamics - The global landscape is characterized by major power competition, presenting challenges for the A-share market to achieve a comprehensive upward trend, which is more likely to manifest as a structural bull market [3] - Identifying and participating in mainstream hot sectors is crucial during a structural bull market, with previous recommendations including precious metals and commercial chain concepts showing good performance [3] Sector Rotation and Strategy - In a structural bull market, different sectors exhibit varying performance and rotation patterns, necessitating the ability to recognize these phases [4] - Active participation is encouraged during clear upward trends, while patience is advised during adjustment phases to wait for better entry points [4] - Continuous research and analysis of potential hot sectors are essential for timely opportunity capture [4]