February 26, 2026, looking forward to the opening, and looking forward to the holiday!

February 26, 2026, Thursday

Yesterday’s Northern Rare Earths, Naibo’s stop-loss hit, so today there’s no premium. I was thinking of observing the pattern at the open, took a quick look at Baogang, but it didn’t surge either, so I just cut my losses.

Today’s strong opening sectors are related to lithium batteries. Last night’s news was that Zimbabwe banned lithium ore exports. I picked Yongxing Materials, Yongshan Lithium, Salt Lake Shares, and Dingsheng New Materials. Unfortunately, they were all immediately fulfilled at the open, and the sector weakened. Yongshan Lithium opened high but then fell back, leaving almost nothing of its gains. Salt Lake Shares actually performed quite strongly, but the sector’s decline eventually dragged it down.

Later, AI hardware-related stocks gained strength, still on the rise. On the other hand, Nvidia’s earnings beat expectations last night. Honestly, this sector has always been my favorite; I usually buy blindly, as they are all familiar names: Yongding Shares, Pengding Holdings, Hudian Shares, Guangxun Technology, Dongshan Precision, Jingwang Electronics, Shengyi Technology. Unfortunately, these stocks mostly stayed flat for the whole morning, with some slight upward moves of 7-8%, and the only stock that hit the limit up was Hudian Shares, but today’s volume didn’t seem enough to sustain the surge, so I didn’t choose to buy. In the afternoon, Dongshan Precision finally showed some intention to surge, and I went all in on Dongshan Precision. But it got crushed, and the loss was pretty bad. That kind of position blow-up is really hard to get over.

The index is in a very awkward position now. I initially thought the market had found a new growth driver with the rise of the lithium sector, which seemed promising. Yesterday, when the non-ferrous metals sector surged, it pushed the Shanghai Composite Index higher. But near 4200 points, it was suddenly hit by mysterious funds selling off. Many of the stocks related to non-ferrous metals are heavyweights in the Shanghai index, so this 4200 level put a lot of pressure on the market. The space is too limited at this point, and if this sector can’t resonate with the index, it’s hard to develop into a main theme. It’s really frustrating—I kind of miss the holidays.

Let’s see what tomorrow brings!