Rebirth of the investment era

At 9:31, Shanghai Construction Engineering was closed in a flash, and tens of millions of funds were rushed to raise money on the board.

At 9:32, Bayi Steel touched the plate in a straight line, and within one minute, the trading volume could exceed 15 million.

At 9:33, Kumho Group also surged straight up, hitting the daily limit. At the same time, its market value once again exceeded 35 billion, returning to the peak stage when it was listed last year.

At 9:34, China Fortune Land Development increased by more than 7%, Shibei High-tech increased by more than 8%, and Chongqing Development Group came from behind and received several large orders of tens of thousands in a row, pushing its stock price straight up to the daily limit. At the same time, Huaguo Construction's thousands Hundreds of millions of super large-cap stocks also rose by more than 4% instantly, and within 1 minute, the increase exceeded 2%.

At 9:35, the Shanghai Stock Exchange Index stood at 2,450 points, and the major industry sectors of real estate, construction decoration, and building materials also broke out again.

At 9:40, the real estate industry sector rose by more than 3%. Leading large-cap stocks in the sector such as Poly Real Estate, Kewan Real Estate, Gemdale Group, etc., with a large amount of funds following the trend and rushing to raise funds, also rose rapidly, with an increase of nearly 5%. And among the stocks in the entire sector, more than 5 stocks hit the daily limit.

At 9:45, the two main areas of 'infrastructure' and 'state-owned enterprise reform' were rapidly rising. When related popular concept stocks and value blue-chip stocks were flying together, the weak securities, insurance, banks, non-ferrous metals, coal, and consumption Core stocks in the fields of stocks, pharmaceuticals and other fields began to gradually lose blood again. At the same time, after hitting the highest point of 2458.76, the Shanghai Stock Exchange Index also began to increase in volume and fell slightly.

At 9:50, this situation of the strong getting stronger and the weak becoming weak became more and more obvious.

At 9:55, during the entire ten-minute period, the Shanghai Stock Index no longer hit a new rebound high, but fell into a slightly weak sideways fluctuation. However, during this period, many stocks in the two main areas of 'infrastructure' and 'state-owned enterprise reform' Popular concept stocks and core value blue-chip stocks are still being continuously attracted by active funds on the market, as well as incremental funds following up from the market, with a strong attitude as at the beginning of the market.

At 10:01, in addition to the main areas of 'infrastructure', 'state-owned enterprise reform', 'mobile Internet', and 'smartphone industry chain' which have strong popularity and emotional effects, in other main areas, the attack posture of the main funds is obviously As the tide recedes, the main capital flows in the two cities have further concentrated towards several popular core main lines.

At 10:15, the Shanghai Stock Index continued to fluctuate, falling slightly to the 2440-2450 point line. The profit-making effects of the two cities were completely concentrated in the 'infrastructure', 'state-owned enterprise reform', 'mobile Internet', and 'smartphone industry chain' On the main line, the follow-up effect of investors has also weakened somewhat compared to the beginning of the session.

"The two core main lines of 'infrastructure' and 'state-owned enterprise reform' are still reliable!"

Seeing that within about half an hour of the opening, the entire market trend is still unfolding around the two core main areas of 'infrastructure' and 'state-owned enterprise reform'. There are not many opportunities in other main directions. Online stock trading On the forum, some investors couldn't help but sigh.

"It seems that a general rise in the market is still a luxury. The market's trend of 'the strong will always be strong and the weak will always be weak' has not changed."

"What do you think of a general rise in the market? The current market volume cannot support a general rise in the market, right?"

"This wave of rebounding market was originally driven by the two main market trends of 'infrastructure' and 'state-owned enterprise reform'. As these two main market trends have not finished, in terms of investment transaction priority, it must be The safest and easiest way to make a profit is to stick to the direction of these two main lines!"

"Haha, there is nothing wrong with the structural market. After making this wave, you can still make another wave."

"Every major bull market actually develops from a structural market to a comprehensive market. At this time, it is not a comprehensive bull market, so naturally it can only follow the path of structural market."

"As long as you can make money, it doesn't matter what the market is."

"Indeed, no matter what the market situation is, it is always right to follow the buying direction of the main funds."

"Judging from the changes in market volume in the half hour since today's opening, the main capital situation in the two main areas of 'infrastructure' and 'state-owned enterprise reform' still shows a net inflow, but the relative position is very low. In the fields of 'securities, insurance, banking, military industry, consumption, medicine, non-ferrous metals, coal' and other fields, main funds are still showing an outflow state, which shows that main funds are obviously still converging in the fields of 'infrastructure' and 'state-owned enterprise reform', and also It shows that the large financial institutions on the market are still making large-scale position adjustments in the direction of these two main lines."

"Obviously, the two main lines of 'infrastructure' and 'state-owned enterprise reform' have entered the main stage of rising market prices."

"Indeed, looking at the trend of a series of stocks such as Beixin Road and Bridge, Beijiang Communications Construction, Shibei High-tech, Shanghai Construction Engineering, and China Fortune Land Development today, they are really strong."

"What the heck, I started placing orders at 9:15 this morning, but I still didn't buy the Beixin Luqiao chips."

"It's at the daily limit, and there's no significant increase in volume. At this time... without the advantage of large capital channels with exclusive seats, it's difficult to buy in."

"Beixin Road Bridge and Beijiang Communications Construction are obviously not available for purchase today."

"It is better to follow the trend and buy stocks such as Shanghai Construction Engineering, Shibei High-tech, Chongqing Development... The current trend of these second-tier leading concept stocks today is also quite beautiful."

"I have already followed the trend and bought Chongqing Development. Hehe... I got another daily limit."

"It looks like the real estate sector will take the lead again today!"

"These days, basically the 'building decoration, building materials, real estate, and public transportation' sectors are constantly rotating and leading the gains. In fact, as long as you buy around the two core main concepts of 'infrastructure' and 'state-owned enterprise reform', which one should you focus on? There is no problem with the direction.”

“But the strongest ones are stocks with the concepts of ‘infrastructure’ and ‘state-owned enterprise reform’ superimposed on the ‘Shanghai Free Trade Zone’.”

"Looking at the situation, I feel like the Beixin Road Bridge has entered the accelerator stage, right?"

"I don't know if the height of eight boards can exceed 10 boards, but I guess... after this wave has accelerated from accelerating to diverging, the hype should be over, right?"

"I don't know, let's see when Mr. Su will release it! At least for now, Mr. Su is still locked up."

"The index is already approaching the 2,500-point mark. According to the current market sentiment and the main capital accumulation situation, the two core themes of 'infrastructure' and 'state-owned enterprise reform' will definitely lead the Shanghai Stock Index to cross the 2,500-point mark, right?"

"Now the Shanghai Stock Index is only about 3% away from 2,500 points, which is only one big positive line away. With such a strong upward trend, there will be no problem breaking through 2,500 points, that is..." Securities, insurance, banks , non-ferrous metals, and coal, these sectors have been holding back the market, which has somewhat restricted the upward pace of the index."

"Hey, I have to say that 'big finance' is really weak and cannot support the index at all!"

"Why is 'big finance' so weak? It stands to reason that if the market is expected to be a bull market, 'big finance', as the market engine that launches the bull market, should play a pioneering role. This should not be the trend."

"The hold-up is too heavy and the market liquidity is limited. Can the main force not be able to pull it?"

"It should be a question of fundamental direction. Currently, major financial institutions in the market expect that the central bank's monetary policy will still maintain a tightening state. There are far from signs of easing monetary policy. At the same time, the banking industry is in a state of contraction. In the process of shrinking foreign assets, there are no new growth expectations in the entire 'big financial' field, and there are no new stories to tell. Apart from the advantages in valuation, there are really no expectations to speculate on. This situation... It’s strange that it can go up.”

"Unless the market turnover exceeds 200 billion, securities will not have a clear market trend."

"History will not simply repeat itself. I think that compared with the traditional financial field, the opportunities in the direction of 'Internet finance' are obviously much greater."

“The direction of ‘infrastructure’ and ‘state-owned enterprise reform’ should be clearer, right?”

"If there is a bull market, the directions of 'infrastructure' and 'state-owned enterprise reform' will definitely be the core main market directions. It feels like the market prices in these two main areas have only now reached the bottom of the mountain."

"I also feel this way, so I directly placed all positions in China Construction and China Metallurgical Corporation."

"I have also taken full positions. This round I am planning to focus on the medium and long term. I feel that the market has continued to rise in both volume and price in the past month, and it does seem like a bull market is coming."

"In short, at this time... we shouldn't be pessimistic. It's always right."

"I'm reminded of the famous post that Mr. Su posted on the forum last year. I remember that Mr. Su proposed that the Shanghai Stock Exchange Index be around 2,000 points a year ago, which is an absolute good opportunity for layout, right?"

“In fact, judging from the market development this year, this is also the case!”

"Hey, hold shares and wait for the price to rise. Hold shares and wait for the price to rise. This wave... will definitely recover all previous losses."

"I'm still short of an increase of about 20% before I can get out of my trap. I hope this time the Shanghai Stock Index can break through 2,500 points without any hindrance, allowing me to get out of my trap."

"I was fully stocked in Internet Speed ​​Technology last year, and it was still 30% away from the disengagement. Alas... Recently, the trend of early popular stocks in the direction of small and medium-sized board and GEM has always been somewhat ink, and it is rare to outperform the market index. Several times In my heart, I wanted to cut my profits and adjust my positions, but I held back. Now I see... the market is still in the trend of 'the strong will always be strong and the weak will always be weak'. I'm thinking that at this time, I should cut my profits to chase 'infrastructure' and 'state-owned enterprise reform'. Is it too late to vote for the core popular stocks in the field, such as Beijiang Communications Construction, MCC, China Fortune Land Development, etc.?"

"If the expectations index can cross 2,500 points without any hindrance, I think it will be completely in time."

"President Su's tens of billions of funds have been invested in the two core main areas of 'infrastructure' and 'state-owned enterprise reform'. The market should be far from peaking, right?"

"There is no doubt that the market is far from its peak when it reaches this point."

"Looking at the market's K-line, moving averages, Bollinger Track, MACD and other technical indicators, as well as the overall volume and energy changes, the market has just broken through the early platform suppression and formed the initial stage of an obvious upward trend. In fact, at this time... it is the right The best time to enter the market on the side, the risk can be said to be almost zero.”

"Yes, both technical and fundamental aspects are upward."

"The key market news is also positive. The guidance of the 'New National Nine Articles' should be able to change many things."

"Based on my nearly one month of market experience, the more you hesitate, the harder it is to stop the rising stock price of your favorite stock."

"Hey, this is the truth. I have watched the stock of Beixin Road and Bridge keep rising since the first day after the holiday. I originally wanted to buy it on the first day after the holiday, but the market was too volatile that day, and I considered this check. I was at a high stage, and I hesitated for a long time before buying. As a result... I went straight to eight stocks in one go. Alas... If I had bought the whole position at that time, my profit would have doubled now. I would regret it to death."

"Good stocks are not cheap, and good stocks are not cheap. This is the same as buying things in daily life."

"Anyway, I don't want to wait any longer. I didn't have the guts to take a heavy position at 2000 points. I hesitated at 2200 points. Now the index is almost 2500 points. I missed countless opportunities. Now I finally have a full position. Sure enough... in the unilateral market, I still have something in my hand. Stock, only then can the heart not panic!"

"If you are still hesitant at this time, you can only wait for 2,500 or 3,000 points to catch up."

"Indeed, this round of short selling in the market has been completely shattered."

"I feel that the major institutions generally did not have many positions when this round of market started, so...the market has risen so sharply and so strongly this time. This is caused by the continuous increase of positions by major institutions."

"Haha... Looking at the market, the real estate sector has started to rise again."

Amid the extremely intense discussion among retail investors in the market, the market trading time has unknowingly moved to 11 o'clock in the morning.

It can be seen that the market trends in the two cities are still unfolding around the two main areas of "infrastructure" and "state-owned enterprise reform".

Among them, the real estate sector led the gains in the two cities, and the sector index rose close to 5%. More than 7 constituent stocks in the sector had their daily limit, and 16 stocks rose by more than 5%. It can be said that the momentum is like a rainbow, and the money-making effect has been interpreted to the extreme.

Likewise, other sectors in the fields of ‘infrastructure’ and ‘state-owned enterprise reform’.

A series of industry sectors and concept sectors such as building materials, construction growth, steel, cement, public transportation, Shanghai Free Trade Zone, high-speed rail, etc., all outperformed the performance of the broader market index and showed a trend of rising sharply. , continues to push up the willingness of the majority of investors in the market to pursue and follow the trend in these areas.

Of course, in the two main areas of ‘infrastructure’ and ‘state-owned enterprise reform’, breakthroughs continue to be made and the money-making effect continues to be demonstrated.

On the other hand, due to the drag on the main areas such as 'big finance, nonferrous metals, coal, consumption, and medicine', the index performance did not change much. The Shanghai Stock Exchange Index still fluctuated between 2440 and 2450 points, while the Shenzhen Stock Exchange Index and the GEM Index It maintained a slight upward trend.

"The market volume can advance, but it is slightly lower than expected!"

At around 11:10 a.m., in the trading room of Xinniu Fund Company in Shenzhen Stock Exchange, Fang Xinsheng, the fund manager in charge of the 'Xinniu No. 1' fund product, looked at the market performance at this time and frowned slightly, feeling a little worried. Authentic: “Under the hot bullish sentiment, the investor groups and incremental funds that followed from the sidelines were still unable to support the overall development of the market. Sigh... According to this situation, it will be difficult for the Shanghai Stock Exchange Index to break through 2,500 points! "

"Aren't the two main lines of 'infrastructure' and 'state-owned enterprise reform' going very well?" Hearing Fang Xinsheng's sigh, Mou Zhengxing, the leader of the trading team on the side, replied with some confusion, "Although the capacity has not been significantly expanded, But the consistent performance on the market is obviously much better than yesterday, which proves that the consistent long expectations on the market are constantly strengthening as the trading time goes by. Why is the boss still pessimistic?"

Fang Xinsheng came back to his senses, glanced at Mou Zhengxing, who looked a little confused, and responded: "Don't just limit your vision to the narrow direction of 'infrastructure' and 'state-owned enterprise reform', but focus on the entire market situation. Take a look... …Apart from the two main market trends of 'infrastructure' and 'state-owned enterprise reform', are there any obvious signs of breakthroughs in other directions? Are there obvious signs of continued inflow of main funds?"

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Mou Zhengxing observed carefully for a while and found something unusual.

"In addition to the two main areas of 'infrastructure' and 'state-owned enterprise reform', in addition to 'Internet finance', 'mobile Internet', and 'smartphone industry chain', these emerging industry fields that were obviously oversold in the early stage are somewhat popular and profitable. Effect, in other fields, it seems that there is rarely a continuous inflow of main funds." Mou Zhengxing thought for a moment and replied, "And in the field of 'big finance', even when the index is rising, main funds are still continuing to flow out. .”

Fang Xinsheng nodded slightly and said: "That's it. On the one hand, the main concepts of 'infrastructure' and 'state-owned enterprise reform' continue to advance, on the other hand, the weak 'big financial' field may hesitate to move forward, or may not rise but fall, and 'infrastructure', In the field of 'state-owned enterprise reform', after absorbing the follow-up funds pouring in from the outside, it is still continuing to siphon active funds and cutting funds from other sectors of the market. All this... illustrates the market sentiment and the relationship between volume and energy, and It doesn’t match!”

"For the market to continue to rise, it can't be done by just shouting slogans. It must be supported by real money."

"The current situation shows that there are many people who are only verbally optimistic about the market, but they are still unwilling to actually invest real money, or they are hesitant in their hearts."

“When market conditions develop, quantity often comes first before price.”

"Compared with the entire market, the price is just an index. There is no volume. If the index really breaks through the important pressure mark of 2,500 points, it is tantamount to wishful thinking."

"But aren't the two main lines of 'infrastructure' and 'state-owned enterprise reform' rising quite well?" Mou Zhengxing heard Fang Xinsheng's analysis, but he still didn't quite understand, and said, "The previous upward trend in the index, as well as the pressure mark of 2,200 points, rely on With the continuous outbreak of the two main lines of 'infrastructure' and 'state-owned enterprise reform', aren't they also prominent? Why can't it be done now?"

Fang Xinsheng replied: "At that time, market expectations were still at a low level, and the market turnover was only tens of billions. The funds that were followed up outside the market were able to create the overall market and lift the index. But now the market expectations have reached a high level. Moreover, the core stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform' have also reached a relatively high position. If these two main lines break through, the funds required to undertake them will already be several times that of the previous period. "

"However, the incremental market funds that followed were far less than the previous several times."

"You can tell by looking at the current market development."

"The bullish sentiment in the market has fermented like this. The market profit-making effect of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is still accelerating. However, it is difficult for the index to continue to rise. Moreover, in the field of 'big finance', there are unexpected changes." The signs of rising but falling indicate that the current amount of market capital is unable to support the further spread and upward trend of the market.”

"In other words, the Shanghai stock index is 2,500 points, and there is no chance again?" Mou Zhengxing said with great pity.

Fang Xinsheng nodded slightly and said: "Under the relatively consistent expectations of the entire market, and at the same time, it is difficult to support the market with volume and energy, it is highly likely that the index will briefly break through 2,500 points, but in order to truly stand firm, it is necessary to completely It is impossible to consume the floating chips such as profit-taking and hold-up orders at this stage, adjust the chip structure of the entire market, and establish a new market support platform."

"And you look at the market development of the two main areas of 'infrastructure' and 'state-owned enterprise reform'."

"Apart from core hot stocks and popular leading stocks, are the current trends of other marginal stocks not as strong as they were in early trading?"

Mou Zhengxing observed carefully for a while and responded: "It's true!"

"This is the selling pressure caused by the fact that after the expectations are fully met, the amount of funds cannot keep up, and the market trend is not as good as expected, the originally determined funds begin to slowly withdraw from the market, thus suppressing the market of these stocks." Fang Xinsheng said, "The entire main areas of 'infrastructure' and 'state-owned enterprise reform' seem to be still rising. In fact, the internal performance is getting weaker and weaker, and risks are gradually becoming more prominent."

Hearing Fang Xinsheng's words, Mou Zhengxing was finally shocked and felt a potential risk in the market.

"Then we..." Mou Zhengxing turned and asked hurriedly, "Do we need to reduce our position?"

Fang Xinsheng responded: "The brewing of risks is increasing bit by bit. Now it is just some fringe stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'. They are gradually turning from strong to weak due to lack of volume and capacity. However, The core hot stocks and popular stocks still maintain extremely high liquidity, attracting a large number of active funds following the trend on and off the market. For the time being... they have not reached the selling point."

"The main stocks held by our fund are basically concentrated in the core stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform.'"

"So, there's no need to worry too much just yet. We'll talk about it later."

“What I said just now is mainly to remind everyone that at this time... although the market sentiment is getting more and more crazy, we still need to remain absolutely calm, clearly understand the trend of the market, and don’t be swayed by the market sentiment. So he lost his mind."

"Yeah, I understand!" After hearing Fang Xinsheng's reminder, Mou Zhengxing nodded hurriedly and responded, "It seems that the most dangerous place in the market is when everyone is most optimistic and gives up their vigilance."

Fang Xinsheng smiled softly and said: "In this market, the potential bull power is the real bull. The bulls who enter the market and hold a lot of chips in their hands are just the potential short power in the market. , news, emotions, technology... everything may be false, but the flow of funds and the results of buying and selling real money cannot deceive people."

With the two people's analysis of the market.

At this time, the time has moved to 11:30, the market conditions of the two cities have been frozen, and the market has ushered in the lunch break.

After 2 hours of formal trading, the Shanghai Stock Exchange Index finally settled at 2449.33 points, up 1.06%, while the Shenzhen Stock Exchange Index and ChiNext Index rose 0.73% and 0.59% respectively. The half-day turnover of the two cities was 66.067 billion, which was slightly lower than yesterday. However, the overall market performance, that is, the long and short differences between the two cities, is obviously much weaker than yesterday.