US stocks performed well again on Friday. The Nasdaq rose 0.31%, getting close to its previous high—the breakthrough this time shouldn’t be a big problem. The Dow and S&P also closed in the green, up 0.22% and 0.19% respectively. Although the gains weren’t huge, they were steady.

In tech stocks, Broadcom led the way with a 2.42% surge. Google gained 1.12%, and Meta did even better, up 1.8%. Microsoft and Tesla saw modest gains, while Apple and Nvidia lagged, both falling 0.6%. Notably, Micron Technology—a storage concept stock—soared more than 4%. Could this drive a rebound in A-share storage chip stocks next week? Let’s wait and see.

It was even livelier for Chinese concept stocks, with the Golden Dragon Index up 1.29%. Baidu, Xpeng, iQIYI, Li Auto, JD.com, Alibaba, Pinduoduo... they were all among the top gainers, and this collective rally was quite encouraging.

The futures market was relatively calm: gold dipped slightly, oil inched up, and the A50 futures index rose 0.41%.

From a technical perspective, the long-to-short ratio at Friday’s close is trending bullish. The CSI 500 climbed above 1.5 again, so it might be time to consider taking profits and reducing positions in batches. The ChiNext Index is approaching 1.5; monitor the data next week, and it should soon be time to start realizing profits in stages as well.