On May 31st, according to Jin10 Data, the three major indexes traded within a narrow range throughout the day. By the close, the Shanghai Composite Index fell by 0.16%, the Shenzhen Component Index fell by 0.22%, and the ChiNext Index fell by 0.44%. On the market, the commercial aerospace concept led the gains for the day, with multiple stocks such as Aerospace Dawn reaching the daily limit up. The consumer electronics concept saw a significant increase for the day, with the AI PC sector leading the gains and nearly ten stocks, including Zhiwei Intelligent, reaching the daily limit up. The humanoid robot concept also rose, with Silin Shares hitting the daily limit up. The media sector saw gains in the afternoon, with Guiguang Network and Jishi Media hitting the daily limit up. The silicon industry, chemical industry, non-ferrous metals, and other concept sectors were among the top decliners. Over 3,200 stocks rose in the two markets, with a total turnover of over 710 billion yuan.

Odaily Planet Daily News: Covalent Network announced plans to increase the maximum reward multiplier for CQT, allowing users to earn more profits. According to reports, Covalent Network provides a blob storage solution on the Ethereum network through the Ethereum Wayback Machine, meeting the needs of AI, data analysis (DA), and modularization. By proposing to adjust the maximum reward multiplier, Covalent aims to meet the growing delegation demand of CQT holders and enable them to receive additional rewards. As part of the recent "New Dawn" initiative, all CQT token holders can participate in proposal voting.

ST Dawn: The cumulative sales volume of complete vehicles in the first four months is 875 units, a year-on-year rise of 106.37%.

As of May 6, the index of partial equity hybrid funds, which reflects the overall performance of active equity funds, pumped 0.71% this year, marking the first time the index turned red this year. However, on May 7 and 8, the index retreated. Specifically, more than half of the active equity funds achieved pump performance during the year. However, there are still nearly 400 active equity funds that lost more than 10% during the year, and holders have not fully enjoyed the benefits brought by the market Rebound. "Market expectations this year are very different from last year." Zhang Jing, general manager of the balanced investment department of Essence Fund, said that the market general expectations were high at the beginning of last year, and the market expectations are low this year, that is, the difference between reality and expectations is narrowing, which is extremely beneficial to investment.

Bullish candlestick pattern – the dawn is dawning In a continuous falling market, after a period of decline, a long black candle is closed, and then a long white candle closes above one-half of the black line, which means long power, but does not completely dominate, this pattern is called the dawn. Buy reference level: The day after the dawn pattern appears, if it can be confirmed that the stock price does not fall below the lowest point of the pattern, the buying point appears. Stop loss reference level: the lowest point of the pattern.

Bullish candlestick pattern – the dawn is dawning In a continuous falling market, after a period of decline, a long black candle is closed, and then a long white candle closes above one-half of the black line, which means long power, but does not completely dominate, this pattern is called the dawn. Buy reference level: The day after the dawn pattern appears, if it can be confirmed that the stock price does not fall below the lowest point of the pattern, the buying point appears. Stop loss reference level: the lowest point of the pattern.

Gold trend: the dawn has appeared, or a new round of upward trend has begun! The US retail sales in September released on Tuesday (October 17) far exceeded expectations, continuing to show the resilience of the US economy, driving the US Treasury yield of various maturities to soar, and the market's expectations for further interest rate hikes by the Federal Reserve increased; Gold short-term drivers focus on market risk sentiment; On the technical side, after breaking through major resistance areas and the 200-day EMA, the overall trend for gold is bullish. Pay attention to the impact of market risk sentiment in the short term On Tuesday (October 17), the US Department of Commerce released data showing that US retail sales in September increased by 0.7% month-on-month, beating expectations by 0.3%; Core retail sales, excluding automobiles, rose 0.6% month-on-month, beating expectations of 0.2%, as upbeat consumer spending data continued to show resilience in the US economy. Affected by this, the yield of US bonds of all maturities strengthened again yesterday, of which the 2-year yield rose by 11 basis points, reaching a maximum of 5.24%, hitting a high since June 2006; The 10-year yield rose 13 basis points to 4.86%, returning to its June 2007 high, reflecting stronger market expectations for further rate hikes by the end of the Fed. Gold prices remained firm amid soaring U.S. Treasury yields, benefiting from rising safe-haven demand in the market, closing slightly up 0.15% on Tuesday. Until the Israeli-Palestinian conflict eases, market sentiment will be a key short-term driver for gold. With the outbreak of the Russia-Ukraine war on February 24, 2022, gold prices soared nearly $200 in the next nine trading days, hitting a record high ($2,070/oz). So far, since the Israeli-Palestinian conflict suddenly escalated on October 7, the price of gold has risen by nearly $110 in eight trading days. Of course, because the gold surge is different from last year's macro background and trend stage, it is not ruled out that the gold price may be further sharply higher, and the comparison is mainly used to observe how much and how long the impact of market risk aversion on gold prices. War-induced market risk aversion tends to heat up quickly at first due to panic, but then as things ease and market sentiment returns to rationality, the impact on financial markets will gradually fade. Gold Technical Outlook: Bullish On the weekly chart, gold walks out of the Morning Star technical pattern. Meanwhile, on the daily chart, gold has strengthened sharply over the past two weeks and broken through major resistance zones and the 200-day moving average, and has now returned to the operating hub built since the end of June, and is expected to continue moving higher in the short term to test key resistance areas (consisting of previous volatility highs of 1,952 and 1,947). In the longer term, it is now possible to basically confirm the end of the downward trend since May 4, and the market is expected to start a new round of rally. However, it is worth noting that if the price pulls back under pressure in the short-term resistance area, there may be a period of volatility around 1,947-1,900 before gold prices re-strengthen. (Source: Dailyfx-Chris Li)