Rebirth of the investment era

"Hey, the market conditions are divided!"

At 11:10, inside Zexi Investment Company in Shanghai, Zhou Kan was slightly surprised when he observed obvious signs of differentiation in the market and said: "The active funds in the market have begun to concentrate on popular mainline concept stocks in mid- and small-caps. , and at the same time, the index is trading sideways, and the selling pressure on individual stocks in other markets is gradually becoming heavier, and the overall trend is becoming more and more differentiated and torn apart. This should show that various funds in the market have obvious differences here. At the same time, It also shows that the new incremental funds at this stage are far from enough to support the market's strong continued upward attack, right?"

"That's almost it!" Next to Zhou Kan, Xu Xiang, who was also watching the changes in the two markets, nodded slightly and responded, "With this trend, it is likely to plunge in the afternoon."

When Zhou Kan heard this, he couldn't help coughing lightly and said, "Then some of the new positions we bought today will be temporarily buried by the market again?"

Xu Xiang smiled and continued to respond: "It doesn't matter, this morning the index did not take advantage of the explosion of the 'military industry' line to surge upward. In other words... it did not forcefully hit the 2300 point mark, so the market was firm The bullish power has not been exhausted in a short period of time and has a certain ability to take over. In this way... even if the differences in the market intensify in the afternoon and the selling force increases, the index will not fall deeply. "

"I predict……"

Xu Xiang pondered for a moment, then continued: "Down to the morning opening position near 2260 points, the market's acceptance force will regain a relative balance with the selling force."

"Around 2260?" Zhou Kan pondered for a while and said, "This position does not seem to have any strong support effect, and once the market offensive is exhausted, according to the general expectations of market investors, only the Shanghai Index will return to the Stepping on the support of 2200 points and once again confirming the bottom characteristics of 2200 points, I feel that the majority of investors in the market will abandon their doubts, re-firm their thoughts, and enter the market on a large scale to follow the trend!"

Xu Xiang smiled and said: "The core main funds in the active market should generally enter the market on a large scale at this time. In other words, the core high-quality chips in the market at this moment have fallen into the hands of some smart main institutions that are quick to act. Here, the core main line of the market has also come out, and the market trend has become more clear."

"In this situation……"

"Do you think these major institutions that have already obtained the bargaining chips, or the major financial players like the 'Yu Hang Group', will easily spit out the obtained chips?"

"In other words, they will continue to sell orders and let the index fall back to 2,200 points."

“Are we going to let the vast retail investors and some belated institutional groups that didn’t have time to get on the bus get on the bus again at the bottom?”

"Analysis of market chip structure..."

"This is a small shock. The core major institutions that have entered the market will definitely not kill on a large scale."

“In a sense, it can also be understood that this is a cleansing of the chip structure, a concussive trend of benign washout. The purpose is to wash out the unstable chips that make short-term profits, so that the market trend of this continuous rebound will continue. , it’s relatively easier to walk.”

"So, the index you mentioned fell back to 2,200 points, reaffirming this trend at the bottom."

"There is a high probability that it will not happen."

"If there is a big change in the market and the Shanghai Stock Index really drops back to 2,200 points, then..."

Xu Xiang paused for a while, and then continued: "At that time, it means that the entire fundamental situation of the market and the overall macroeconomic expectations have completely deteriorated. Not only is it not an opportunity to increase positions, it is very likely that it will be the end of reducing positions. Loss of opportunity to escape."

"Mr. Xu means..." After listening to Xu Xiang's analysis, Zhou Kan pondered for a moment and responded, "If the market wants to continue to open up space for rebound and growth and maintain the overall market investment sentiment, then at this position, Can we only maintain a strong and volatile pattern?”

"The same thing...if the index maintains a strong shock pattern here."

"Does this mean that the subsequent index will definitely continue to rise, break through 2,300 points without any hindrance, and even expand upward to a higher space?"

"Yes!" Xu Xiang nodded and said firmly, "If the index can maintain strong fluctuations at this position, especially if it maintains a straight upward fluctuation at 2250 points, then the short-term profit taking in this wave of market will be roughly cleared. , the Shanghai Index is at 2,300 points, it’s really a bargain.”

"So, we don't have to rush or worry too much at this time."

"As long as the Shanghai Stock Index can remain above 2250 points, whether it rises or falls in today's session will not change the original chip structure and trend direction of the market, and naturally it will not bring much risk to our positions. Furthermore... the trading market is inherently one risk and one gain. Since we have made trading decisions in important directions before, there is no need to look forward and backward at this moment."

"Take a long-term view. After all, whether it is stocks or the stock market, the market trends are based on the future, not the present."

"Understood!" Zhou Kan nodded seriously after hearing Xu Xiang's words.

Then, he stopped talking and turned his eyes back to the fierce market of the two markets.

During the brief conversation and analysis between the two of them, the market trading time had moved to 11:20. At the same time, the Shanghai Stock Exchange Index had once again fallen back to around the 2265 point from the highest point in the session, maintaining a slightly red market. .

As for the industry sectors, concept sectors, and related popular stocks in the two cities.

At this time, the 'military industry' industry sector and its associated concept sectors are still performing very strongly. They can be said to be the leaders in the growth lists of industry sectors and concept sectors in the two cities. Among them, the entire Among the component stocks in the main line of "military industry", the daily limit has reached 6 stocks. In particular, the "China Airlines" stocks have not increased less than 7%.

The main line area of ​​‘big infrastructure’.

The real estate sector fell slightly, the two major industry sectors of construction decoration and building materials continued to fluctuate sideways, and the steel industry sector index fell back quickly. It is the related sector with the most obvious ebb of main funds in the field of 'big infrastructure', but in these few days All major industry sectors are gradually moving into weakness, and when selling increases sharply...

The two major industry sectors of machinery and equipment and public transportation belong to the "big infrastructure" field.

However, it has shown a trend of strengthening against the trend. Not only did it not follow the trend of the real estate, building decoration, building materials, and steel sector indexes, but it also rose a lot during the index correction, and the main capital inflows were net. The performance is also relatively good.

As for the weak main lines of the two cities, which are relatively weak or have heavy selling pressure.

The two main areas such as 'mobile Internet' and 'smartphone industry chain', as well as the main areas of metals and energy such as 'traditional finance', 'non-ferrous metals', 'coal' and 'petrochemicals', are relatively weaker than the market. , with the correction of the index, they have all fallen back a lot. Among them, the main funds have severely sold off related component stocks. At this moment, they have even fallen to near the intraday low set previously, and there are strong signs of continuing to hit new intraday lows.

Generally speaking, the market differentiation trend is becoming more and more obvious.

As the Shanghai Stock Index continues to rise, it is facing increasingly difficult selling pressure.

At 11:21, while the Shanghai Composite Index was still fluctuating around the 2265 point, the Shenzhen Stock Exchange Index, ChiNext Index, and the Small and Medium Enterprises Index all fell underwater again. Among them, the intraday decline of the Small and Medium Enterprises Index was even greater. It once again exceeded 5%, approaching the low opening position at the opening.

At 11:25, Li Xun Precision fell sharply, and the decline of the "Apple Concept" sector index in the entire market expanded to more than 8%.

At 11:27, the Shanghai Stock Index turned green and fell below 2264 points.

At 11:28, throughout the morning, the momentum continued to break upward, and the main line of the 'military industry' sector, whose industry sector index rose by more than 3%, also began to show signs of shock and decline.

At 11:29, MCC's trading volume reached the level of 800 million. The market was extremely divided between long and short. At the same time, the market's increase also fell from the highest level of 56% to about 2%.

Finally, 11:30 arrived.

The Shanghai Index was set at 43 points, down 08%, while the Shenzhen Stock Exchange Index and ChiNext Index fell 27% and 41% respectively. After experiencing violent intraday fluctuations, several major indexes still ended in decline at noon. After closing, it gave up all the intraday gains and failed to continue the independent trend of holding high and hitting high as it did the day before and yesterday.

Faced with such a midday closing result...

The investor group of the entire market, especially the vast retail investor group gathered in the discussion area of ​​the trading platform and the comment area of ​​the stock investment forum, is somewhat disappointed compared to the early trading, or in the morning intraday time.

"Hey, I still haven't been able to break through yesterday's intraday high. I feel like it's so difficult to break through the 2,300-point line of the Shanghai Stock Exchange Index?"

In the discussion forum of the stock trading platform, some retail investors lamented helplessly.

“It’s not that the 2,300 line is difficult to break through, it’s because the external trend is too bad and the Shanghai Index lacks upward momentum!”

“Also, today’s intraday selling was too heavy and the divergence was too great.”

"The trend of the external market, coupled with the heavy accumulation of short-term profit-taking chips in the market, it is surprising that the Shanghai Stock Exchange Index can exceed 2,300 points at this time."

"Although today's trend is not as strong as yesterday and the day before yesterday, it is not bad to be able to maintain a sideways trend at this position, right?"

"Compared with the external market trends, it is definitely good."

“But comparing the trend of the previous two days, it’s really almost meaningless.”

"But today the 'military industry' line has come out, and it's going really strong."

"Yes, overall, the index trend is somewhat unsatisfactory, but the performance of the short-term speculation market is not much different from the previous two days."

"Not only is there not much difference, it's even more popular than the previous two days, okay?"

"It's not more popular, but it's more concentrated. Have you noticed? The market's hype is increasingly concentrated on the two lines of 'big infrastructure' and 'military industry.'"

"Nonsense, the market as a whole is weak, so funds must be concentrated in areas with the best money-making effects!"

"But it also shows that the market has a good money-making effect, doesn't it?"

"Well, there are still a few checks for those who hit the third board today, and there are many followers behind the leading tickets on the third board. This shows that the profit-making effect of the two lines of 'big infrastructure' and 'military industry' is very good. , in fact... you can still continue to follow suit and participate appropriately.”

"Indeed, the overall money-making effect of the market has not decreased, but some weak sectors have suffered worse."

"Obviously, the weak sector in today's session is accelerating the trend of bottoming out. I feel that although the trend of the index this morning is not very good, the overall market is definitely developing in a good direction. I just don't understand today. Why is the intraday divergence so big? Led by the main trend of 'military industry', the Shanghai Stock Exchange Index made two rapid advances, but failed to break through the intraday high set yesterday, and even failed to reach the 2280 point. "

"It only took two or three trading days for the index to bottom out below 2200 points and then rebound violently, right? In such a short trading period, market investment sentiment has not been fully fermented. Those currently active in the market are still using the original stock funds. Mainly, there is not much incremental funds, and after the consumption in the past two days, the active long funds have almost been consumed. Now there are many short-term profit orders. Seeing that the external market trend is not good, the thought of taking profit and exiting, naturally It cannot be stopped, and after the consumption in the first two days, the remaining active long funds cannot support the market and the index continues to break upward when the incremental funds cannot keep up. It is also normal.”

"Yes, the analysis is thorough. This should be the reason why the index is having a hard time here."

"It's not a bad thing to take a callback and take a break."

"I also think that a short break is not a bad thing. The external trend is so bad, and the Shanghai stock index can still maintain a strong intraday fluctuation. This shows that the market rebound can continue, and it also shows that the Shanghai stock index has been able to shake off The influence of external markets has led to an independent market trend."

"Let's see how the market goes in the afternoon!"

"If the market trend in the afternoon shows that the Shanghai Stock Exchange Index can maintain fluctuations around this position, then I think it will be good."

"To be honest, I don't expect a big rise today. As long as it doesn't fall sharply, I'll make a profit."

"It makes sense, it makes sense. If you don't fall, you will make money. This is a great saying. As long as the index can stabilize here, it will definitely be able to break through 2,300 points in the future."

"As long as Mr. Su's main fund of the 'Yu Hang Group' continues to lock up positions on the core main lines of 'big infrastructure', 'military industry' and 'Internet finance', and there is no sudden major negative news in the market, the Shanghai Stock Exchange Index will The subsequent breakthrough of 2,300 points is definitely certain, of course...our requirements are not just the 2,300 point mark, 2,400 points and 2,500 points are our goals."

"As far as today's core main areas of 'military industry', 'big infrastructure' and 'Internet finance' are concerned, as well as the capacity shown by a number of 'Fortune Road Concept Stocks', the funds of the 'Yu Hang Group' are definitely still locked. In other words... Mr. Su is not afraid of such a large amount of capital, so what are we afraid of?"

"Continue to see more, continue to see more..."

"Anyway, I will never reduce my position below 2,300 points."

"Those who were sold during the session today will definitely be bought back at a higher price in the future. Just watch... short sellers who are fearful and bearish at this time will not end well."

"Hey, if the index falls, individual stocks will be better to buy."

"I have been jealous of many popular leading stocks before, and this drop... is the perfect time to buy them."

"Haha, indeed, I finally gave you a chance!"

In many retail investors' comments and topic discussions, even though many retail investors are not satisfied with the market trend this morning, and even feel a little disappointed, on the whole, the market's bullish investment sentiment has not weakened and short-term speculation has made money. Supported by the effect, it has not declined. Instead, it continues to spread and ferment among many potential investor groups outside the market, while creating more incremental funds to enter the market.

And just when these emotions are intertwined, both bulls and bears start calling each other fools.

After a one and a half hour break at noon, the market once again ushered in the afternoon opening time.

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