March 16: Volume shrank by 77.4 billion, how intense was the quantitative shakeout?

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Immediate Practical Technical Article No. 1: High Elastic Thinking (20cm and Convertible Bonds Series)

Immediate Practical Technical Article No. 2: High Elastic Play Practical Cases (20cm and Convertible Bonds Series)

Immediate Practical Technical Article No. 3: 10cm One-Word Direction, Three Major Trading Strategies (20cm and Convertible Bonds Series)

Immediate Practical Technical Article No. 4: Innovative One-Word Opening Mode, Trading Ideas for Continuous One-Word Limit Stocks under Revaluation

Immediate Practical Technical Article No. 5: Classic Revisit, Common Weak to Strong Mode

Immediate Practical Technical Article No. 6: The Only Technical Explanation of the Three-Board Poor Board Mode

Immediate Practical Technical Article No. 7: Thirteen Sister Mode Technical Explanation

【Market Data】

Shanghai Composite Index: -0.26% (Bottoming and Rebound)
Shenzhen Component Index: +0.19%
ChiNext Index: +1.41% (Leading)
Trading Volume: 2.34 trillion yuan (shrinking by 77.4 billion)
Number of Advancing/Declining Stocks: 2,843 up vs. 2,494 down
Limit Up/Limit Down: 63/13, Board Lock Rate 73%
Consecutive Board Heights: 3 boards (Sanfangxiang, Fasheng)

Today’s market, just two words: disgusting.
Morning opened low and adjusted, afternoon rebounded. Quantitative shakeout is fierce and toxic, playing against human nature skillfully.
Volume 2.34 trillion yuan, shrinking by 77.4 billion. 2,843 stocks rose, but only 63 hit the limit up, with more stocks falling sharply and breaking levels, mostly catching up on declines.
What does this mean? It shows many lack confidence, and chasing rallies is subdued.
Looking back after the Spring Festival, most people probably didn’t make much profit.
With current volume, quantitative trading is the main player, harvesting back and forth. Ordinary manual traders find it too difficult.
Today’s panic selling and escape by retail investors—will they be pushed up again by quantitative trading for a rebound tomorrow?

【Consecutive Board Tiers】

3 boards: Sanfangxiang (Chemical), Fasheng (Optical Fiber)
2 boards: Jingtou Development (Real Estate Spin-off), Yaxiang Integration (Clean Rooms), Chitianhua (Urea + Methanol), Xihua Technology (Wind Power)

You can tell the sentiment by looking at the tier of consecutive boards. Last week’s high standards were about 4 boards, around 3 stocks, today down to 2. It’s probably the freezing point.
Yuneng Holdings hit 2 boards then fell to the limit, ending the wave of speculative stocks. That’s the end of the crazy stocks. So, it’s not unreasonable to expect the next round of market rally.
Should we panic or be greedy at this point?

【Hotspot Summary】

1. Storage Chips (4 limit-ups)
Limit-ups: Langke Technology, Yingxin Development, Taiji Industrial, GigaDevice
Catalysts: Samsung expects NAND Flash prices to double significantly in Q2; Samsung’s 89,000 workers start strike voting (lasting until March 18).
Comment: The super cycle of storage continues. Bawei Storage and Huahong Company both rose over 10%, hitting new highs. This is the biggest highlight today.

2. Computing Power-Related (7 limit-ups)
3 boards: Fasheng;
First boards: 2363, Victory Precision, Jinan Guoji, Taijing Technology, etc.
Catalysts: Nvidia GTC 2026 conference from March 16-19, where new AI chip architecture will be released.
Comment: GTC opening, Jensen Huang delivering keynote speech. Guangdong also launched compute power vouchers to support AI startups.

3. Power Grid (5 limit-ups)
2 boards: Xihua Technology;
First boards: Huaneng Liaoning, Shun Na Shares, Dingxin Communications, Dongfang New Energy
Catalysts: Power and electricity collaboration first written into government work reports; UK cancels 33 wind power component import tariffs.
Comment: Today’s power sector performance is mixed, with Yuneng Holdings and others sharply catching down. This sector needs selective stocks.

4. Marine Economy (4 limit-ups)
First boards: Dongfang Marine, Youfu Shares, Shenkai Shares, Marine King
Catalysts: “Qiushi” magazine published an article on “Promoting High-Quality Development of Marine Economy.”
Comment: Marine economy opened sharply higher, but many stocks hit the limit and then fell apart. Dongfang Marine hit the one-word limit, others broke the boards.

5. Shipping (2 limit-ups)
First boards: Haohai Technology, China Merchants South Oil
Catalysts: The Strait of Hormuz ship passage volume drops to zero (first time since the outbreak of war).
Comment: Tensions in the Middle East are tight, container freight volume is sharply increasing, and fuel price hikes are driving up freight rates.

【Dragon and Tiger List】

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Comment: The activity on the Dragon and Tiger list is decent, but the selling side is strong. Ziyang East Road sold over 1.4 billion yuan in total, with Ge Laoda, Fang Xin Xia, and Zhongshan East Road all having over 100 million yuan in sales. Jinkai Avenue and Nongye Road mainly participated in storage-related stocks.

【Sentiment Analysis】

Sentiment Cycle: The tier of consecutive boards has dropped from 4 to 3, and the number from 6 to 2. It’s at a freezing point.
Quantitative Features: Quantitative shakeouts are fierce and against human nature. Large stocks are also being forced down to limit down (e.g., PetroChina quickly down 3.4%). After chip-related positive news within the day, stocks with a market cap of 200 billion yuan are being pushed as easily as small caps.
Index Judgment: The Shanghai Composite has broken below the lower shadow for the third time this month, recovering afterward. The ChiNext 50 has adjusted for 29 trading days, likely bottoming out this week.
Cycle patterns indicate this week is a critical window for trend reversal. The ChiNext 50 index’s weekly line has fallen below the midline and is now in a weak state, with three consecutive weekly declines. The current rebound probability is not small. As for optimistic expectations, the index could reverse at any time. Although external situations are severe, we should respect market laws and avoid subjective guesses.

Today’s energy sector did not meet expectations at the opening, with mass liquidation. Previously, small caps were more easily liquidated by quantitative measures, but now large caps are also being forced down quickly—like China Petroleum at 3.4%, rapidly hitting limit down. Also today, Power Construction and Nuclear Construction, which are usually capacity stocks, experienced unusual selling pressure. Due to the expanding scale of quantitative trading, many phenomena are becoming consistent. Whether it’s a liquidation or a rally, it’s all happening.

But I want to say, the market is always changing; only human nature remains constant. No matter how powerful quantitative trading is, it’s based on strategy execution. They have no faith, no vision, only discipline.

And what is our advantage as retail investors? Patience, waiting, and the ability to stay clear-headed amid chaos.
The emotional bottom often precedes a major rally. The tier of consecutive boards dropping to 3, and the number down to 2, is already at a freezing point.

Stay patient, control your positions, and wait for the trend to turn!

Disclaimer: The above content is for reference only and does not constitute investment advice. The stock market involves risks; please trade cautiously.