Chapter 367: Market Volume Shrinks, Bulls and Bears Intertwine!
"What the hell, are you so strong?"
Seeing that the Beixin Road and Bridge stock had just opened, it was immediately crowded with thousands of large orders. In the Yuhang hot money group where Su Yu was located, some hot money showed a very surprised look and spoke in the group: "No. Are you going to go directly to the 4th board? It’s a bit ridiculous!”
"Probably not! The market sentiment is not very good today, and the 4th board is not easy."
"Who made those consecutive large orders of tens of thousands of hands just now? It's quite impressive, but if Beixin Road and Bridge doesn't undergo a violent change of hands today, I'm afraid it will be difficult to close the market. After all, there are really a lot of profits on the market."
"Today is obviously a day of divergence between the two main lines of 'infrastructure' and 'state-owned enterprise reform.'"
"Originally, I wanted to attract some Beixin Luqiao chips at the low opening, but it suddenly increased by 7 or 8 points. I felt that it was no longer cost-effective. Alas... it was really difficult!"
"Indeed, if it were to fluctuate at a low level, Beixin Road and Bridge would still be attractive today, but now... we have to forget about it."
"The main reason is that the fourth board is very difficult, and I am not sure whether Mr. Su's 'Resurgence Road' seat will continue to be locked today."
"Relatively speaking, it's better to switch between high and low prices, right?"
"Today's market sentiment is still not very good. In addition, the turnover rate on the three front boards of Beixin Road Bridge is relatively insufficient, and the profit margin on the market is too heavy. Otherwise, I would have taken it. After all, looking at the two cities, this check is still the most popular. Yes, if we really pull it up, the follow-up effect of various funds will not be bad.”
"Please be patient and wait a little longer. I don't believe this turnover rate. Someone dares to continue to block the board."
Amid heated discussions among hot money players and cautious optimism...
Sure enough, the rapidly rising Beixin Road Bridge, without the main funds to continue to hold high and close the market upward, its trend briefly fluctuated around 7 or 8 points for a while, and then began to fall again on heavy volume, at 9 o'clock Around 38 minutes, the increase dropped back to 4.75%.
"Haha, let me just say, there is not enough change of hands, it is impossible to seal the board directly upward!"
Amid the market changes in the two cities, the Yuhang hot money group, where the news continues to be refreshed, those who had previously predicted the trend of Beixin Road and Bridge could not help but sigh.
"It seems that today is indeed a day of divergence between the two main lines of 'infrastructure' and 'state-owned enterprise reform.'"
"The divergence is good, it's just right to attract some chips at a low level."
"It's not very easy to attract funds. Many popular stocks on the two main lines of 'infrastructure' and 'state-owned enterprise reform' did not break yesterday's intraday low at all."
"If you don't break yesterday's intraday low, it will be a good time to accumulate funds."
"Yes, if it breaks yesterday's intraday low, I'm afraid it will have to continue to adjust downwards."
"Judging from the trading situation at the opening, the market has shrunk a lot today, and the index opened low, which did not trigger panic selling. It is estimated that today's index is here, and there is a high probability that it can stay sideways."
"Indeed, I feel that the market investment sentiment this time has improved a lot compared to when the market opened."
"It still depends on whether the trend of the core popular stocks in the fields of 'infrastructure' and 'state-owned enterprise reform' such as Beixin Road and Bridge, Shibei High-tech, China Railway, and China Metallurgical Corporation can be stabilized here? If these stocks open for half an hour, , if you can stabilize it, then today’s mood will most likely be like this, and the index will probably fluctuate more gently.”
"Today, the market prices of the two main lines of 'infrastructure' and 'state-owned enterprise reform' have been adjusted, but I feel that there is no continuous market trend in other lines. The logic of 'growth stocks' in the direction of small and medium-sized boards and GEM, and 'mobile Internet' ', 'Smartphone industry chain', the two major early market trends, are there really no prospects? "
"The current money-making effect of the market is accumulated on the two lines of 'infrastructure' and 'state-owned enterprise reform'. The other main lines... for the time being, there is indeed no sign of main funds making moves."
"The two major areas of medicine and consumption have attracted a lot of funds since the market opened."
“However, in terms of current logic and expectations, these two major areas are still far behind the two core themes of ‘infrastructure’ and ‘state-owned enterprise reform.’ Given the height of the hype, there may be little room for them.”
"Pharmaceuticals and consumption are safe-haven sectors. At this time... although the index has briefly adjusted, the overall trend is still in a rebound cycle. In this case, as long as the index adjustment ends and starts to rise again, then the defense of medicine and consumption will The sexual sector will soon be abandoned by the main funds, so... I feel that medicine and consumption, which performed well at the opening today, currently have no basis for sustained market growth. In comparison, they are still 'infrastructure' and 'state-owned enterprise reform'. 'The investment and speculation opportunities in these two core lines are greater. ”
"Since the rebound is not over yet, then just stick to the two core conceptual areas of 'state-owned enterprise reform' and 'infrastructure construction' and keep doing it."
"Yes, in fact, the main line market, the divergence adjustment stage after the first wave, is the best time to adjust positions and exchange shares, and further determine the direction of investment and speculation."
"Today's 'high-low switching' hype also revolves around the two main lines of 'infrastructure' and 'state-owned enterprise reform.'"
“This shows that the direction that various funds in the market are attacking and optimistic about has actually not changed.”
"That said, I feel like I can continue to buy Beixin Road and Bridge."
"I also feel that although the fourth board of the Beixin Road Bridge is difficult today, the overall upward trend is far from over."
"Looking back at the stocks that Mr. Su hyped last year, from Shanghai Steel Union to Waigaoqiao, and then to Qianneng Hengxin, which one did not increase several times? Let's look at Beixin Road Bridge. Since its launch, it has only been on the third board, and the increase is less than 50%. The space has just been opened. According to Mr. Su's stock selection and hype logic, even if the market doubles at the lowest, there is still at least 50% increase. At present... it is completely possible to continue to participate in the relay."
"In this case, fuck him!"
The message in the group was refreshed quickly, and everyone was in a heated discussion...
Time quickly passed 10 o'clock. After the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index quickly rushed up for a while at the beginning of the session, they began to maintain a low-level fluctuation pattern. At the same time, the intraday trading volume of the two markets began to gradually decline compared with yesterday. Among them, as the two main areas of "state-owned enterprise reform" and "infrastructure" that the two markets pay the most attention to, after slowly falling to the low point of yesterday's session, they also began to maintain a continuous shrinking fluctuation trend.
And this oscillating trend, with buying and selling intertwined, has been maintained until the closing.
Finally, at 3 o'clock in the afternoon, when the market conditions of the two markets were frozen, the Shanghai Composite Index closed at 2157.16 points, down 0.84%, only one point away from the opening point of 2158.16 points. The Shenzhen Composite Index and the ChiNext Index fell by 1.05% and 1.13% respectively, which was still significantly weaker than the Shanghai Composite Index.
In addition to the index, the industry sector, concept sector, and individual stocks.
Only the two sectors with strong risk aversion properties, medicine and consumption, performed relatively well today, and the sector indexes were all in the red. Among them, core stocks, such as Gree Electric, Midea Group, Changchun High-Tech and other high-quality white horse stocks, rose against the trend, with an increase of more than 3%.
As for the core stocks in the two core main line areas of "infrastructure" and "state-owned enterprise reform" that have attracted much attention from the market.
And the "growth stocks" related to "mobile Internet" and "smartphone industry chain" in the direction of the SME Board and ChiNext.
Today, they all underperformed the market and led the decline in the two markets. Among them, Netspeed Technology fell 5%, a rare drop, hitting a new low this year. LeTV and Huayi Brothers also fell 3%, hitting a new low this year. The declines of a number of core blue-chip stocks in "infrastructure" and "state-owned enterprise reform" such as China Railway, China Metallurgical, China University of Science and Technology, and China Communications Construction were distributed between 2% and 5%, and they were basically fluctuating around the intraday lows set on Sunday.
Of course, core concept hype stocks in the fields of "infrastructure" and "state-owned enterprise reform" such as Beixin Road and Bridge, Shibei Hi-Tech, Shanghai Sanmao, Pudong Development, and Shanghai Construction Engineering still maintained a relatively strong state today. After violent fluctuations, they all closed in the red. Among them... Although Beixin Road and Bridge did not complete 4 consecutive boards, further opening up the market's upward hype space, it also maintained a 5% increase, setting a record of a single-week increase of more than 40%, topping the weekly increase list of the two markets, and also occupying the first place in the popularity list of hot stocks in the two markets.
In addition to the performance of indexes, sectors, and individual stocks...
Today's overall trading volume in the two markets has also shrunk significantly compared to yesterday. The trading volume has shrunk directly from more than 100 billion yesterday to about 90 billion. Among them, the Shanghai market traded more than 48 billion, and the Shenzhen market traded more than 44 billion. In terms of trading volume, the Shanghai market is still more active than the Shenzhen market.
Faced with such a closing result, all investor groups in the two markets.
There are those who complain, those who celebrate, those who are pleased, and those who are satisfied...
In general, such a market pattern and trend have disappointed some investors who are full of expectations, passionate, and accustomed to short-term speculation; but for some investors who do not have high expectations, or those who did not catch up with the market before and missed the opportunity, they are fortunate and pleased.
After all, today's major indexes failed to maintain a strong state and closed positive again.
However, compared with the 3% and 4% declines in peripheral stock markets, it is already a relatively strong and relatively ideal result.
Moreover, yesterday's market fluctuated greatly, and the failure to break through the 2200-point barrier also relatively hit the market's bullish sentiment. Today's market was able to stabilize and there was no panic selling, which is already a very good trend.
Of course, although the index's trend is relatively strong compared to the periphery.
However, under the influence of the bearish sentiment that shrouded the global financial market, the index actually closed down, and the closing result was further and further away from the 2200-point mark. The market's expectations for the future market and the entire bullish sentiment were still hit hard, with obvious signs of decline.
"Compared with yesterday, the market has shrunk so much."
Yuhang, in Minghui Capital, in the main fund trading room, fund manager He Hong frowned after a brief review of the two markets, looking at the two markets that had been frozen for a long time: "Today's index has never been red. Those who chased in at high levels yesterday are basically all trapped today. The future market... is not optimistic!"
"I feel that the future market is quite optimistic." General Manager Xu Zhongji smiled beside He Hong.
He Hong looked back at Xu Zhongji and asked, "What is Mr. Xu's logic for being optimistic about the future market?"
"Although today's index closed down, compared with the external performance, its shock trend is still very strong." Xu Zhongji said, "And if you look at the two core main lines of 'infrastructure' and 'state-owned enterprise reform', although these two core main lines Today it is generally weaker than the market, but its core hot spots The stock has basically not fallen below the low set in yesterday's session. Our fund's bottom-buying position yesterday has basically remained near the cost line today, and there has not been much loss. Doesn't this mean that the bottom support of these two main lines is quite strong, and the market situation is very strong? There is a high probability that it is not finished.”
“As for this round of market rebound, the core market focus is on the two core themes of ‘infrastructure’ and ‘state-owned enterprise reform.’”
"It can be said that this week's rebound is driven by the two core main lines of 'infrastructure' and 'state-owned enterprise reform', and now...since the market for these two main lines has not finished, it means that the index market has also It is not over yet, and there is a high probability that the Shanghai Stock Index will continue to rise in the market outlook and continue to hit 2,200 points.”
"As for whether it can finally stand firm at 2200 points, it will really open up the market outlook."
"It depends on the further development of the market and the performance of the external market."
"And today's market has shrunk significantly compared to yesterday. I don't think this is a bad thing. In the rebound trend of the market, the market does not have to continue to increase volume."
"It may be more conducive to the development of the market outlook to stop occasionally and reduce the volume to digest the floating chips."
"But the external market... feels like there are signs of collapse!" He Hong admitted that what Xu Zhongji said did have some logical support for the market outlook to continue to rebound, but he still had to worry in his heart, "From the perspective of historical development, Look, there has never been a precedent for A-shares to move independently from U.S. stocks.”
"The rise of U.S. stocks last year can be said to be unique in the world." Xu Zhongji said, "It should be normal to adjust a little this year, right? And from the current point of view... The long bull trend of U.S. stocks for many years has not been broken. Short-term adjustments should be It does not affect the long-term trend. Furthermore...from a macro perspective, this year's global economic development is obviously stronger than last year."
"Under the expectation of global economic recovery, the U.S. stock market, as the world's most important stock trading market, should respond."
"Anyway..."
Xu Zhongji paused and continued: "At this position, it is not appropriate to be overly pessimistic. After all, even if the index continues to fall back, how much can it fall to the maximum limit? Back to 2,000 points? Or a new low of 1,800 points? No matter how you look at it... …At this location, there is not much room for downwards, but there is unlimited room for imagination upwards.”
"Furthermore, in recent days, there has been so much new inflow of major funds."
"These main funds are not for charity. If we don't create room for improvement, will we let them ship the goods with the profits from the current market liquidity?"
He Hong knew that Xu Zhongji's last words were about Mr. Su who was invested by Yuhang. After thinking about it, from the perspective of the chip game, it was indeed the truth. The worry in his heart relaxed slightly and said: "Then Just listen to Mr. Xu and take a look at it later. If the index continues to go down and the volume increases again, then we should stop the loss in time and change our strategy.”
"Well, let's take another look!" Xu Zhongji responded lightly.
Then, when he saw that the time had reached 5:30 pm, the trader couldn't help but adjust the big screen of the trading room to the refreshed dragon and tiger list interface of the two cities.
After a day of shrinkage and shock, there are 7 fewer stocks on the list today than yesterday.
Among them, in the two main areas of "infrastructure" and "state-owned enterprise reform", Shibei High-tech, Beixin Road and Bridge, Shanghai Sanmao, Kumho Group, China Fortune Land Development, and Bayi Steel continue to be on the list.
"There are still no seats on the 'Fortune Road' and 'Fusheng Road', so Mr. Su continues to lock up positions!"
Seeing the refreshed data on the Dragon and Tiger List, countless investors who were paying attention couldn't help but sigh after searching for it.
"Nothing is a good thing. Mr. Su's locking up the position proves that Mr. Su continues to be optimistic about the market outlook. It also proves that today's index retreat is a benign correction."
"Hey, I'm scared to death. I saw such heavy selling on the Beixin Road Bridge today. I thought President Su had already left."
"Mr. Su continues to lock the warehouse. If I had known earlier, I would have gone to Beixin Road Bridge today."
"Not only did Mr. Su's seat not come out, China Fortune Land Development's 'First Securities Shenzhen Huaxin Road Sales Department' also didn't come out, and Boss Ge also locked up his position."
“Not only did Brother Ge lock up his position, he also increased his position on Jiefang South Road!”
"Let me go, it's true that the chief helmsman has purchased an additional 20 million yuan each from Shibei Hi-Tech and Beixin Road and Bridge!"
"Everyone, none of you came out."
"There are also institutional seats. China Fortune Land Development still has institutional seats that are buying today."
"The two checks of China Railway and China Metallurgical are not on the list today. I don't know if the leader of 'Chunhui Road' Zhang is still there, and I don't know if the institutional seats are also increasing their positions in these two core blue-chip stocks."
"Stocks that are not on the list cannot be controlled, but judging from the stocks on the list alone, it is enough to know that the main funds from all walks of life have not left."
"Indeed, this is enough to show that the two main lines of 'infrastructure' and 'state-owned enterprise reform' are not over."
"Hey, today's Dragon and Tiger ranking data are indeed very good overall, but weren't yesterday's Dragon and Tiger ranking data also very good? Did it affect today's market drop?"
"So, it's not enough to just look at domestic stock market news. The impact of U.S. stocks must also be considered!"
"The external stock market won't fall sharply tonight, right?"
"It's hard to say. I feel that because of the two consecutive days of sharp declines in the US stock market, a shadow of panic has enveloped the global financial market. And our Big A has always been the weakest in the world, and the probability of not following suit is extremely small, so... Considering the extreme conditions in the periphery, we still have to be cautious.”
"But it's Friday today, so I can take a gamble on the weekend news, right?"
"It feels like there won't be any good news!"
"Don't expect big news to be positive or anything like that, just don't be negative."
“I still say the same thing, it’s useless to analyze so much. Our information channels and understanding of the market cannot surpass those analysts and traders of large institutions, so... I think it is best to follow the smartest main players in the market. It is the most convenient and effective method. Since Mr. Su continues to lock up positions and still has not sold out despite the huge market shock yesterday and the market drop today, there is no need for us to be frightened. "
"Yes, since Mr. Su hasn't come out, we can just follow suit and lock the warehouse."
"After all, when it comes to running, Mr. Su can run. We have so much smaller funds, so we can definitely run too."
"I'm afraid that the U.S. stock market will continue to plummet tonight, and there will be another bad news over the weekend. Next week, the index will jump short and open lower, and everything will be depressed."
"I'm afraid of this and that. In a weak market, I feel like I can't make any money."
"I feel that in terms of operation, it is better to simplify the complex. Anyway, I will accept death. If Mr. Su doesn't come out, I won't come out. If I don't come out, I will take it this round. I don't believe it. The index can fall back to 2,000 points. "
Many investors are having heated discussions about the data on the Dragon and Tiger List.
As time goes by, the long-short sentiment of the entire market remains in a stalemate until... US stocks opened in the evening, and under the influence of short sentiment, US stocks opened lower, opened lower and moved higher strongly, recovering a large amount of yesterday's plunge. After the decline, the long-short sentiment in the domestic market reversed.
Then, two days on the weekend.
Regulators were already in a bullish mood in the market and did not continue to stimulate the market. The news was calm.
In the end, when the news was calm, the external market trend improved, and the worries about the collapse of the US stock market gradually dissipated, on Monday, April 28, the two markets opened again.
However, to everyone's surprise...
After two days of emotional fermentation over the weekend, bullish sentiment prevailed.
After the market opened slightly higher, it did not stabilize for even 10 minutes and continued to fall underwater, entering the same shrinking and volatile situation as last Friday.
And this volatile situation was maintained from the beginning of the market to the close.
Finally, the Shanghai Composite Index closed down 0.56%, further falling to 2146.39, while the Shenzhen Stock Exchange Index and ChiNext Index fell nearly 1% again, which was weaker than the performance of the Shanghai Stock Exchange.
In addition, the index performance exceeded everyone's expectations.
The turnover of the two cities has also further declined, from more than 90 billion on Friday to more than 88 billion. The pattern of Shanghai stock market turnover being greater than Shenzhen stock market turnover has not changed, and consumption and medicine performed strongly on Friday. The sector has become a one-stop market trend, and the two core themes of 'infrastructure' and 'state-owned enterprise reform' have once again taken the lead, maintaining the trend of shrinkage and shock in the red market, and once again showing a performance that is stronger than the market.