#2024.10.22 Morning Trading Strategy# The first ten-bagger stock of this round has been born, which is Beijing Stock Exchange's IRSOFT (830799), rising tenfold in 15 trading days. Similarly, the BSE 50 Index also hit a record high yesterday.

Why is the Beijing Stock Exchange so hot? First, no quant trading; second, no new retail investors; third, no short-selling mechanism. Most importantly, last Friday's key meeting provided policy support.

Life rarely offers such opportunities! With the BSE's 30% daily limit, everyone's chasing the 30CM gains. But the 500,000 yuan account threshold means most retail investors can only watch.

Don't blindly open an account—profits and losses come from the same source. A 30% drop limit can be terrifying!

From the BSE Index hitting record highs to IRSOFT's tenfold surge, one thing is certain: market sentiment is boiling, and the bull is still charging!

But bull markets don't rise daily. After last Friday's and yesterday's mini-surge, a correction could come anytime—stay alert!

Now to sectors and stocks:

1. Tech Sector

Semiconductors opened strong but faded yesterday. Sector bellwether SMIC (00981.HK) also pulled back, hovering around the moving average—no extreme moves, restrained opening, but still elastic.

SMIC's performance today is crucial. As long as it avoids a steep drop (A-shape decline) and maintains volatility, it signals strength—other semis remain watchable.

On news: Guangdong unveiled photonic chip policies last night.

Guangdong's new photonic chip innovation plan covers midstream (optical modules, photoresist) and upstream (chip design/manufacturing) players!

Focus today on Guangdong+tech concept stocks—likely to rally. But core leaders may gap up at open—avoid chasing highs.

2. Low-Altitude Economy/Defense

Low-altitude economy represents new productive forces, alongside robotics/commercial space—all rotation candidates.

When tech dipped yesterday afternoon, quants dumped semis for other sectors—mainly low-altitude economy, which had the most catalysts:

News:

👉 Shandong Hi-Speed Group ordered 22,000 aircraft;

👉 Chongqing released low-altitude plans;

👉 Wenzhou's first 100M-yuan low-altitude project launched.

Today, only core stocks may advance—second-tier could lag. With index pressure, sector sustainability is questionable.