缩量整理下市场或延续轮动态势，聚焦业绩+事件催化的成长型赛道

中金财经01-20

导读：①电网设备板块延续强势，趋势权重获尾盘抢筹，风格向趋势回归，需留意核心标的回调低吸机会；②受特斯拉 Optimus新催化机器人概念近期反复活跃，板块处于底部反弹阶段，仍存再度冲高机会；③商业航天局部修复但个股分化，消息面影响边际递减，关注趋势完好的活跃标的　　昨日市场震荡分化，三大指数涨跌不一，量能出现了较为明显的萎缩。预计缩量整理仍是当前市场的主旋律，重点留意结构性机会。　　...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2604152469?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-01-20 09:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2604152469","market":"us","top_or_hot":-1,"title":"缩量整理下市场或延续轮动态势，聚焦业绩+事件催化的成长型赛道","media":"中金财经","content":"<div>\n<p>导读：①电网设备板块延续强势，趋势权重获尾盘抢筹，风格向趋势回归，需留意核心标的回调低吸机会；②受特斯拉 Optimus新催化机器人概念近期反复活跃，板块处于底部反弹阶段，仍存再度冲高机会；③商业航天局部修复但个股分化，消息面影响边际递减，关注趋势完好的活跃标的\n\r\n　　昨日市场震荡分化，三大指数涨跌不一，量能出现了较为明显的萎缩。预计缩量整理仍是当前市场的主旋律，重点留意结构性机会。\n\r\n　　...</p>\n\n<a href=\"http://sc.stock.cnfol.com/zldongxiang/20260120/31955689.shtml\">网页链接</a>\n\n</div>\n","source":"zhongjincaijing_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>缩量整理下市场或延续轮动态势，聚焦业绩+事件催化的成长型赛道</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n缩量整理下市场或延续轮动态势，聚焦业绩+事件催化的成长型赛道\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-20 09:23 北京时间&nbsp;&nbsp;&nbsp;<a href=http://sc.stock.cnfol.com/zldongxiang/20260120/31955689.shtml><strong>中金财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>导读：①电网设备板块延续强势，趋势权重获尾盘抢筹，风格向趋势回归，需留意核心标的回调低吸机会；②受特斯拉 Optimus新催化机器人概念近期反复活跃，板块处于底部反弹阶段，仍存再度冲高机会；③商业航天局部修复但个股分化，消息面影响边际递减，关注趋势完好的活跃标的\n\r\n　　昨日市场震荡分化，三大指数涨跌不一，量能出现了较为明显的萎缩。预计缩量整理仍是当前市场的主旋律，重点留意结构性机会。\n\r\n　　...</p>\n\n<a href=\"http://sc.stock.cnfol.com/zldongxiang/20260120/31955689.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2471134952.CNY","symbol_name":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","start_time":0,"source_url":"http://sc.stock.cnfol.com/zldongxiang/20260120/31955689.shtml","article_id":"2604152469","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604152469","pubTimestamp":1768872217,"columns":[],"sourceInfo":{"source_id":"zhongjincaijing_highlight","name":"中金在线"},"weMediaInfo":null,"summary":"预计缩量整理仍是当前市场的主旋律，重点留意结构性机会。　　商业航天昨日局部修复，九鼎新材、越秀资本涨停，超捷股份涨超15%，但另一方面仍有大批个股延续跌停。","collect":0,"end_time":0,"defaultTopTitle":"cnfol.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","CRSH":"做空TSLA 期权收益策略ETF-YieldMax","TSLS":"1倍做空TSLA ETF-Direxion","BK4534":"瑞士信贷持仓","TSLT":"2倍做多TSLA ETF-T-Rex","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","TSLW":"TSLA周配息ETF-Roundhill","LU0234570918.USD":"高盛全球核心股票组合Acc Close","TSL":"1.25倍做多TSLA ETF-GraniteShares","TSLY":"TSLA期权收益策略ETF-YieldMax","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","BK4612":"AI芯片","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","TSLG":"2倍做多TSLA ETF-Leverage Shares","LU0056508442.USD":"贝莱德世界科技基金A2","TSLZ":"2倍做空TSLA ETF-T-Rex","TSDD":"2倍做空TSLA ETF-GraniteShares","TSLI":"2倍做多TSLA ETF-ProShares","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","TSYY":"收益增强TSLA ETF-GraniteShares","BK4588":"碎股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","TESL":"Simplify Volt TSLA Revolution ETF","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","TSLP":"TSLA收益溢价策略ETF-Kurv","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","BK4527":"明星科技股","BK4604":"机器人概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","TSLQ":"2倍做空TSLA ETF-Tradr","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","TSLR":"2倍做多TSLA ETF-GraniteShares","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD"},"translate_title":"Under the shrinking consolidation, the market may continue to rotate, focusing on the growth track catalyzed by performance + events","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSDD":0.6,"TSLT":0.6,"TESL":0.6,"TSLI":0.6,"TSLP":0.6,"TSLS":0.6,"TSLR":0.6,"TSL":0.6,"TSYY":0.6,"CRSH":0.6,"TSLG":0.6,"TSLZ":0.6,"TSLQ":0.6,"TSLW":0.6,"TSLY":0.6},"content_text":"导读：①电网设备板块延续强势，趋势权重获尾盘抢筹，风格向趋势回归，需留意核心标的回调低吸机会；②受特斯拉 Optimus新催化机器人概念近期反复活跃，板块处于底部反弹阶段，仍存再度冲高机会；③商业航天局部修复但个股分化，消息面影响边际递减，关注趋势完好的活跃标的\n\r\n　　昨日市场震荡分化，三大指数涨跌不一，量能出现了较为明显的萎缩。预计缩量整理仍是当前市场的主旋律，重点留意结构性机会。\n\r\n　　电网设备方向延续强势，值得注意的是，特变电工、思源电气这样的趋势权重，在昨日尾盘阶段获得资金抢筹封板。一定程度反映出目前市场风格正逐步从情绪炒作回归趋势上行模式，结合目前正处于业绩预告的密集披露期，那些业绩超预期成长型赛道更为获得资金青睐。不过也需注意的是，趋势权重的加速上涨往往可视为短线情绪高潮的一种表现，结合当前市场整体风险偏好的降低，一旦没有足够的资金承接，电网设备方向短线分歧概率较大，所以留意相关核心标的回调低吸机会。\n\r\n　　机器人概念反复活跃，并逐步走出延续性，五洲新春2连板，绿的谐波也于近期创下新高。来自特斯拉Optimus V3 Q1发布在即、Gen3量产规划明确，近期硅谷知名投资人Jason Calacanis对于Optimus V3版本后给出极高评价。中信建投认为板块处于底部反弹阶段，市场持续博弈特斯拉2026年底百万台产线落地前景，预期上修有待新催化产业节奏或进入实质兑现期。而从市场维度，随着商业航天与AI应用热度下降，市场正式进入轮动格局，后续具有密集预期催化且位阶相对较低的机器人仍存在反复活跃的机会。\n\r\n　　商业航天昨日局部修复，九鼎新材、越秀资本涨停，超捷股份涨超15%，但另一方面仍有大批个股延续跌停。消息面上，昨日盘后我国在海南商业航天发射场使用长征十二号运载火箭，成功将卫星互联网低轨19组卫星发射升空，发射任务获得圆满成功。不过随着商业航天行情的反复演绎，消息面对板块情绪的影响呈现边际递减态势。整体商业航天后续还是存在修复预期，但个股的震荡分化仍将延续，重点关注趋势保持相对完好的活跃标的。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2604152469","isCrawlerRequest":true}