A-Share Trading Advertorial | November 3, 2026
After a strong start, don’t be the last one holding the bag
Here’s the bottom line—no beating around the bush
Don’t chase yesterday’s wave of media stocks hitting their daily limits. Instead, look to brokerages, which are getting a direct boost from policy support. The Shanghai Composite closed at 3638.03 yesterday, up 1.08%, and reclaimed the 3600 level. But U.S. chip stocks plunged again overnight, so don’t rush in at the open. Keep your position at 60%; if the index falls below 3595, cut it to 30%. Add if it moves above 3648. The upside targets are 3684 and then 3708. Policy is propping the market up, while external factors are weighing it down. The support should hold, but progress may be slow—don’t go all in.
Take a look at the chart and judge for yourself
Chart: Shanghai Composite, 7-day candlestick chart with projected trend lines (red = up, green = down; support: 3595 / resistance: 3648 / targets: 3684 and 3708 / pullback level: 3574)
The chart shows seven candlesticks: four up and three down. The high was 3708 (10/27), and the low was 3574 (10/23). Yesterday’s candle had an upper shadow: the index climbed to 3648.13, then pulled back to close at 3638.03. It still hasn’t cleared the 3648 hurdle. MA3 is at 3629 and MA5 at 3644; the short-term moving averages remain in a bearish alignment, with no golden cross. The descending resistance line drawn at the end of October came right down to 3638 yesterday—almost face to face with the index. Today, it either breaks above that line or gets turned back by it.
Where to put your money
Brokerages are the easiest place to put money today. The CSRC’s policy package—long-term institutional arrangements for refinancing share buybacks and share purchases, a rate cut from 1.25% to 1%, more than 100 billion in quota for the third round of swap facilities, 18 actively managed ETFs to begin building positions as soon as possible, and eased margin-trading risk controls—is serving up one helping after another to brokerages. For individual stocks, watch CITIC Securities (600030); it loves to put on a show when trading volume picks up. But don’t bet everything on it—unless you’re investing for the long term or the stock you hold is still awaiting a restructuring, in which case that’s a different story. If you don’t want to pick stocks, the CSI 300 ETF (510300) is a more hassle-free option. Actively managed ETFs will most likely start by boosting large-cap stocks.
Crypto is pacing at the door
$BTC is hovering at 77203, down 1.4% over 24 hours; $ETH is at 2260, down 1.1%. The futures funding rate is 0.0001, with neither bulls nor bears showing much excitement—a textbook wait-and-see position. Yesterday, A-shares saw 1.8 trillion in turnover, with more than 4,600 stocks in the green. Money really is coming in, but there are more people chasing a rebound than stepping in to buy.
There’s plenty going on overseas, too
U.S. stocks sank in the final minutes last night: the Nasdaq fell 1.07%, the S&P 500 dropped 0.51%, while the Dow bucked the trend and rose 0.41%. The Philadelphia Semiconductor Index fell more than 3%; Marvell dropped 12%, Intel 8%, and AMD 7%. The computing-power supply chain is likely to come under heavy pressure today. Nikkei futures opened down 0.43%. And there’s no calm on the geopolitical front: reports say U.S.-Iran talks made no progress. Oil plunged more than 7% yesterday, easing inflation pressures. Meanwhile, U.S. manufacturing expanded more than expected in October, according to the ISM, and the Treasury-yield overhang still hasn’t gone away.…
After a strong start, don’t be the last one holding the bag
Here’s the bottom line—no beating around the bush
Don’t chase yesterday’s wave of media stocks hitting their daily limits. Instead, look to brokerages, which are getting a direct boost from policy support. The Shanghai Composite closed at 3638.03 yesterday, up 1.08%, and reclaimed the 3600 level. But U.S. chip stocks plunged again overnight, so don’t rush in at the open. Keep your position at 60%; if the index falls below 3595, cut it to 30%. Add if it moves above 3648. The upside targets are 3684 and then 3708. Policy is propping the market up, while external factors are weighing it down. The support should hold, but progress may be slow—don’t go all in.
Take a look at the chart and judge for yourself
Chart: Shanghai Composite, 7-day candlestick chart with projected trend lines (red = up, green = down; support: 3595 / resistance: 3648 / targets: 3684 and 3708 / pullback level: 3574)
The chart shows seven candlesticks: four up and three down. The high was 3708 (10/27), and the low was 3574 (10/23). Yesterday’s candle had an upper shadow: the index climbed to 3648.13, then pulled back to close at 3638.03. It still hasn’t cleared the 3648 hurdle. MA3 is at 3629 and MA5 at 3644; the short-term moving averages remain in a bearish alignment, with no golden cross. The descending resistance line drawn at the end of October came right down to 3638 yesterday—almost face to face with the index. Today, it either breaks above that line or gets turned back by it.
Where to put your money
Brokerages are the easiest place to put money today. The CSRC’s policy package—long-term institutional arrangements for refinancing share buybacks and share purchases, a rate cut from 1.25% to 1%, more than 100 billion in quota for the third round of swap facilities, 18 actively managed ETFs to begin building positions as soon as possible, and eased margin-trading risk controls—is serving up one helping after another to brokerages. For individual stocks, watch CITIC Securities (600030); it loves to put on a show when trading volume picks up. But don’t bet everything on it—unless you’re investing for the long term or the stock you hold is still awaiting a restructuring, in which case that’s a different story. If you don’t want to pick stocks, the CSI 300 ETF (510300) is a more hassle-free option. Actively managed ETFs will most likely start by boosting large-cap stocks.
Crypto is pacing at the door
$BTC is hovering at 77203, down 1.4% over 24 hours; $ETH is at 2260, down 1.1%. The futures funding rate is 0.0001, with neither bulls nor bears showing much excitement—a textbook wait-and-see position. Yesterday, A-shares saw 1.8 trillion in turnover, with more than 4,600 stocks in the green. Money really is coming in, but there are more people chasing a rebound than stepping in to buy.
There’s plenty going on overseas, too
U.S. stocks sank in the final minutes last night: the Nasdaq fell 1.07%, the S&P 500 dropped 0.51%, while the Dow bucked the trend and rose 0.41%. The Philadelphia Semiconductor Index fell more than 3%; Marvell dropped 12%, Intel 8%, and AMD 7%. The computing-power supply chain is likely to come under heavy pressure today. Nikkei futures opened down 0.43%. And there’s no calm on the geopolitical front: reports say U.S.-Iran talks made no progress. Oil plunged more than 7% yesterday, easing inflation pressures. Meanwhile, U.S. manufacturing expanded more than expected in October, according to the ISM, and the Treasury-yield overhang still hasn’t gone away.…
