By Zheng Buchun

A-shares were traded lower on Tuesday morning but managed to reverse the trend after noon hours. Shanghai Composite was closed 0.60% higher at 3288.97 points and Shenzhen Composite up 0.69% at 2022.38 points. ChiNext Composite also gained 0.61% to 2558.91 points.

Xiong'an shares continued to assume leadership Tuesday. Defense stocks and gold stocks also performed well as Korea Peninsular tension escalates. Sub-new stocks rebounded because they were tumbled for too many days.

In recent weeks, I have been cautious about the medium-term outlook. While in the short run, I think Shanghai Composite still has the possibility to exceed 3300 points. However, it won't go far because the market will remain tight this year.

Based on that, you may hold your stocks and see whether the major index can hit 3300 points. If yes, you may hold your stocks a little while longer and see the changes of other factors, such as financial statements and potential Fed rate hikes. If no, you may shorten the time of holding your stocks, or at least, sell some of them.

Email: tanyuhan@nbd.com.cn