My fintech empire.

Chapter 1318 [New Securities 50 Index Enters the 3000 Point Era]

There is a lot of noise and quarrels outside, but it will not have a substantial impact on the established strategic arrangements of the SGX. The implementation of the "New Hong Kong Stock Connect" is also a matter of time, but it still leaves the outside world with suspense.

If the SGX market wants to go global and compete with the North American capital market on the world stage, how can it not allow foreign investment?

In the future, not only will foreign capital be able to participate in investment transactions on the SGX market, but foreign companies will also be listed on the SGX market through IPOs, providing global companies with another channel to "list in SGX" in addition to "listing in the United States." Only then will it be time to truly begin to confront magnesium stocks head-on.

A rumor caused a lot of debate inside and outside the circle, and the A-share market ushered in the first trading day of the new year.

2018年1月2日周二，A股市场如期开市，新交所市场于早上9点整率先开盘，新证50指数在集合竞价阶段便以2954.00点的开盘价向上打出一个+1.59%的跳空缺口，历史前高2943.93点就这么突破了。

"Woc! No way? It directly jumped up and opened to break the historical high? No adjustment? It broke through like this?" A stock investor who was staring at the quotation of the New Securities 50 Index exclaimed while clapping his thigh while looking at the market.

He is a short-term trader with a fund of about 50 yuan in his account. He has not been able to open an investment account at the SGX. If he wants to participate in this market, he can only play with the SGX ETF and the like. He performed a T operation on the previous trading day, but the T failed.

Now seeing the bidding result, I realize that the price was seriously oversold, and I am slapping my thigh in frustration, because I no longer have the first-mover advantage. The price opened so high that there is almost no suitable selling point. I am afraid that the price will open high and then go low, and now I can't judge whether this is an effective breakthrough.

He was not the only one who slapped his thighs at this moment. Many people who had done T repeatedly and felt very happy about it also slapped their thighs when they realized that they had sold out.

It’s better for you to just lie down and do nothing than to be as fierce as a tiger.

After the opening, the Xinzheng 50 Index went straight out of the naked positive line without any retracement, and went straight up with high volume, presenting a short squeeze trend with rising volume and price.

In this trend, you either have to overcome your fear and chase highs, or just watch it go.

At 9:25, the two neighboring markets had just ended the call auction, and the increase of the New Securities 50 Index had expanded to +2.67%. Every decimal point increase was a new historical high.

The mysterious main capital is exerting its strength, and the whole market is completely heated up. Super-weight stocks represented by the listing of Qunxing stocks are staging an elephant dance, and small-cap growth stocks are also competing to perform. The SGX market is showing a general upward trend, with thousands of stocks rising and hundreds of stocks hitting the daily limit. Only less than 50 stocks in the entire market are falling.

At this moment, hundreds of millions of investors are watching the trend of the New Securities 50 Index, because it is very likely to break through the 3000-point mark today. It is already very close. The number 3000 points has a unique charm in the A-share market.

As time went by, the Shanghai and Shenzhen stock markets next door also opened at 9:30. Influenced by the bullish sentiment of the SGX market, the big stocks on the main boards of the two cities also strengthened. The strength of many blue-chip stocks also drove the overall market index to fluctuate upward.

Around 9:58, major market software pushed out quick news:
[The New Securities 50 Index continued to strengthen and hit a record high, with the increase expanding to +3.22%, reaching the 3000-point integer for the first time! ]

When they saw the New Securities 50 Index break through the 3000-point mark, thousands of stock investors who were watching the market cheered in unison in front of their computer screens or mobile phone screens. The stock bar comment area and major stock exchange groups were also bustling with activity.

[Great news, awesome Pres!]
[Three thousand points! It’s getting spicy, really spicy!]
[666666...]
[When the index fell to its lowest point of 778 points two years ago, I never thought it would reach 3000 points today.]
[Niu Bi (breaking voice)——! ]
[3300-point Shanghai Composite Index: Brother Xinzheng, can you not be so aggressive? It makes me, as a senior, feel so stressed...]
[Hahaha! ]
[It’s only 300 points away from surpassing the Shanghai Composite Index. Come on, go for it!]
[All in! All in! Don’t be scared!]
[Two years ago, the Xinzheng 50 Index opened at an initial value of 1000 points, while the Shanghai Composite Index was more than 3500 points. Two years later, the Xinzheng 50 Index has reached 3000 points, while our Shanghai Composite Index is 3300 points. In another two years, the Xinzheng 50 Index may have reached 5000 points, while the Shanghai Composite Index will definitely still fluctuate around 3000 points.]
[It really fits what a stock friend said. After buying the Xinzheng 50ETF, I have been living in fear of rising prices and making money... (covering my face and laughing and crying.pg)]
[It is no longer a question of whether the Xinzheng 50 Index will surpass the Shanghai Composite Index in absolute points, but a question of when. There will be no suspense about whether it will surpass the Shanghai Composite Index. The only suspense is when it will surpass it.]
[The performance of the A-share market depends on the Xinzheng 50 Index, which is the real market index of the A-share market.]
……

The whole market was in a frenzy, with the stock trading circle full of discussions about the SGX 50 Index reaching 3000 points. This shows how obsessed domestic investors are with this number. It also indirectly shows how much expectations investors have for the SGX market, especially for the future of the SGX 50 Index.

Not long after, the news that the Xinzheng 50 Index broke through the 3000-point mark became a hot topic, which shows how many investors are paying attention to today's market. You know, the A-share market has 1.5 million investors.

There is a reason why it has gained such popularity. Countless investors are excited that the SGX 50 Index has reached 3000 points. At the same time, they are very afraid that they will enter another cycle of jumping around 3000 points. They are afraid that the SGX market will give them unprecedented hope and then shatter it.

After breaking through 50 points, the New Securities 3000 Index did not seem to stabilize and traded sideways for a while. It began to fall back below 11 points around 49:3000.

This situation occurred because the market sentiment was too high, and the whole atmosphere was so hot that it was purple and hot. This situation led to a decline in the market. The funds in the market saw the hot mood and felt uneasy, fearing that things would turn against them, so they chose to play it safe and chose to sell when the market was bustling.

There are quite a few people who have this idea, and there is also a lot of funds that use the same strategy, so there is a decline, which further strengthens the judgment in their hearts, so that a potential possibility eventually turns into an fait accompli.

At around 13:50, the increase of the Xinzheng 1.62 Index narrowed to +%, almost swallowing up all the gains after the opening, and there was a momentum of falling below today's opening price. Its daily K-line pattern also formed a large antenna at the historical top. At first glance, they are all "tombstone lines" or "shooting star" K-line graphics. This pattern indicates that there will be a big drop later, which has scared a lot of people.

Those who had the first-mover advantage chose to jump out and lock in their profits, while those who were forced to short sell and buy at high prices in the morning also regretted their impulsiveness. Due to the T+1 trading mechanism, if you buy today, you can sell tomorrow. Now they can only watch helplessly and cannot do anything.

When technical players saw such trends and technical charts, those who could run chose to withdraw. The faster they ran now, the more excited they were before. This shows that human nature is complex.

But it is also normal. Seeking benefits and avoiding harm is the nature of all living things, and this is especially true for humans.

The current market conditions of the New Securities 50 Index show signs of deteriorating. The K-line graph with an extremely long upper shadow at the historical top is really too ugly. Even if it is not a historical top, if it pulls back from this point, it will take a lot of effort to repair it later.

More and more people are beginning to be bearish on the market in the short term.

However, there is one person who does not allow the daily K-line of the Xinzheng 50 Index to form a "shooting star" pattern today, and that is Fang Hong!

After reaching 3000 points, he had been silently paying attention to the market trend. Just when the New Securities 50 Index could not hold up the opening price, Fang Hong contacted the beautiful assistant at the headquarters of Qunxing Capital and instructed: "Let the super-market team below make further efforts. I want this K-line today to close with a long positive line with a bald head and bare feet."

Fang Hong then added: "Xingyu Technology, hasn't the shipment volume of MIX headsets in 2017 been released but not announced? The sales results are very impressive. Now is the right time to say hello to Xingyu Technology and announce it before the market closes, so that long funds can cooperate with the news drive."

……

(End of this chapter)