The market is a bit frustrating today!!

$SSE Index(000001.SH) The market is quite frustrating today!! Sectors that were performing well yesterday suddenly diverged today; stocks that plummeted yesterday didn't show any meaningful rebound today, which is truly disappointing.

Looking at the overall market, only heavyweight stocks like banks, securities, and liquor occasionally bounced, essentially just symbolic support to prop up the index. But the market isn't buying it—most funds remain on the sidelines, unwilling to take action.

Although heavyweights are supporting the market, the real focus today was on consumer-related stocks. This makes sense—the market is in a transitional phase of consolidation, and everyone is operating defensively, prioritizing stability over gains.

Even so, defensive sectors aren't stable internally, with rotations happening too fast to sustain. Take coal stocks, for example—they surged yesterday but weakened again today, likely trapping those who chased the rally.

This shows that in the current sideways consolidation, even strong defensive sectors can't replace thematic stocks as the market's main driver. Expecting defensive sectors to lead a broad market rally is unrealistic.

Honestly, this consolidation phase is exhausting. The market is unbearably dull—might as well fast-forward to the Lunar New Year for a break instead of suffering through the daily grind.

The pre-holiday effect is too pronounced—without fresh capital inflows and with diverging views, there's no consensus for an upward move, so the market naturally struggles.

But don't panic. Historically, if the market corrects sufficiently before the holiday, the odds of a post-holiday rebound improve—what goes down must eventually bounce.

Another point: if trading volume keeps shrinking, selling pressure will eventually exhaust itself, paving the way for a genuine recovery.

Looking at recent volume trends, once the two markets' turnover falls below 2 trillion, bottom-fishing capital tends to step in, potentially breaking the current deadlock.

The current consolidation range has shifted downward, with resistance above and support below. But low volume won't change the consolidation pattern—thematic rotations will remain the norm.

For now, stick to defensive strategies—no reckless bottom-fishing or excessive fear. As long as the range holds, the market is still gathering strength—patience is key.

Finally, let's discuss sectors and stocks, focusing on these areas:

1. Commercial Aerospace

This sector stayed active today, with both former leaders and SpaceX supply-chain stocks holding up well despite the broader weakness.

As emphasized before, focus on core stocks and avoid speculative names—sticking to this approach minimizes risks.

High-flyers are still correcting, and sector volume has shrunk to extremes, resetting the playing field. Watch for oversold rebound opportunities—if any standout stocks show signs of recovery tomorrow, it could signal a good entry point.

2. AIDC

Like commercial aerospace, this sector has had no shortage of positive news but succumbed to panic selling, which is a shame.

Another factor is today's AI selloff in the U.S.—tonight's action will be crucial. If U.S. AI stocks stabilize or rebound, AIDC could see funds return tomorrow; otherwise, more pain awaits.

3. Trend Watch

Tech stocks are in a "digging" phase, with U.S. weakness adding pressure—meaningful rallies are unlikely.

Shrinking volume is especially bad for tech, which needs liquidity to move.

Among heavyweights, Moutai's uptrend is deviating from its 5-day line, reducing further upside odds. Watch its moves, as they'll influence consumer and heavyweight sectors.

On the application side, tomorrow's "Qianwen Red Packet" catalyst warrants attention: (1) Can applications extend gains? (2) Will cloud computing break out? Applications are nearing overbought—new money-making themes could divert funds, but without fresh catalysts, the current rotation among high-profile names may persist.