Chapter 386: A Complete Reversal of Bullish Sentiment!
With the different choices of funds from all parties, the market divergence is getting bigger and bigger, and in this divergence, the volatility of the index is getting more and more intense.
At 1:52, the Shanghai Composite Index hit 2242.36 points, and the increase narrowed to 1%.
At 1:56, when the Shanghai Composite Index hit 2240 points, the Shenzhen Composite Index and the ChiNext Index almost fell back to the opening, swallowing up all the gains of the day, the originally suppressed market buying once again broke out, and the funds that bought the bottom at a relatively low level during the session quickly poured in, pulling up the major indexes again.
At 2:05, the Shanghai Composite Index returned to the 2250 point mark, and the Shenzhen Composite Index and the ChiNext Index also rose again close to 1%.
At 2:15, the Shanghai Composite Index continued to fluctuate upward and recovered 2255 points. In the two main areas of "infrastructure" and "state-owned enterprise reform", many low-level concept stocks were closed again after the explosion. The long and short forces in the two cities also reversed again. At the same time, the turnover of the two cities broke through 108.7 billion, breaking the record of this year's turnover when the Shanghai Composite Index broke through 2200 points before the holiday.
At 2:30, when the market entered the last half hour of trading at the end of the trading day, the second market leader Shibei New High rose rapidly and tried to close the board.
At 2:31, Shibei High-tech closed the board successfully, further driving market sentiment.
At 2:35, driven by the closing of Shibei High-tech, a number of previous hot stocks in the fields of "infrastructure" and "state-owned enterprise reform" were once again scrambled by various funds, and their stock prices rose one after another. Many stocks took the opportunity to recover the retracement losses during the afternoon market dive and returned to near the intraday high.
At 2:42, after a wave of concentrated explosion, the market's intraday volume gradually declined again.
At 2:43, the Shanghai Composite Index slowly retreated from 2261.37 points and fell again. At the same time... On the market, various industry sectors and concept sectors also showed further differentiation trends.
I saw that many concept sectors and industry sector indexes in the two core main lines of "infrastructure" and "state-owned enterprise reform" continued to climb, and related hot stocks, as well as low-level compensatory concept stocks that performed well today, also received further attention from various funds and continued to rise slowly.
Other weak sectors, such as military industry, banking, securities, and medicine.
At this moment, it is further weakened, and the relevant concept sectors and industry sector indexes are further down, and the main funds in the field continue to flow out.
As for the "growth stocks" such as "mobile Internet" and "smartphone industry chain" in the direction of small and medium-sized boards and GEMs.
Because there are still some future expectations, although it has not received too much attention from the main funds at this moment, it has also maintained the same fluctuation amplitude as the index, which is basically coordinated with the performance of the two markets.
At 2:50, the market entered the last ten minutes of trading.
This market differentiation phenomenon became more and more obvious, and various active funds began to further converge in the fields of "infrastructure" and "state-owned enterprise reform".
At 2:53, as the two main lines of "infrastructure" and "state-owned enterprise reform" quickly turned from divergence to consensus, many funds realized that this was probably not the top of this round of rebound, so a number of "growth stocks" in the SME and GEM fields also rose one after another, and many trapped main funds pulled up to save themselves.
At 2:55, the Shanghai Sanmao Index finally closed the daily limit after a huge fluctuation of more than 10% throughout the day.
At 2:57, when the Shenzhen Stock Exchange entered the final call auction, the Shenzhen Index and the GEM Index rose by more than 1.3%, setting a new intraday high.
Finally, the market closed at 3 o'clock...
The Shanghai Composite Index closed at 2261.31 points, up 1.92%, while the Shenzhen Composite Index and the ChiNext Index closed at 1.36% and 1.31% respectively. The two markets had a total turnover of 121.149 billion, which was a significant increase compared with the trading day before the holiday.
In addition to the index, the industry sectors and concept sectors.
The industry sectors and concept sectors in the fields of "infrastructure" and "state-owned enterprise reform" all ranked at the top of the growth list of the two markets, among which the two major sectors of "Shanghai Free Trade Zone" and "public transportation" ranked first in the growth list of concept sectors and industry sectors in the two markets, and rose by more than 4%.
The main line areas of growth stocks such as "mobile Internet" and "smartphone industry chain".
The concept sectors of "Internet finance" and "mobile payment" performed relatively well, outperforming the growth of major indexes, while the rest of the related concept sectors completely followed the fluctuations of the market.
The military industry, banking, insurance, securities and other fields, which have always been weak, still ranked at the bottom of the two cities' growth list after a day of weak fluctuations. Among them, the "military industry" sector, after extreme intraday fluctuations, became the only sector in the two cities that fell in today's market.
As for the performance of individual stocks.
After a large turnover, the popular leader of the two cities, Beixin Road Bridge, continued to close the daily limit, achieving three consecutive daily limits, refreshing the market's new hype height space. At the same time, since the start of this check from the bottom, it has also approached a doubling of the increase, becoming the leader of this round of rebound in the entire market.
The previous hot stock, Shibei Hi-Tech, which was called the "second dragon in the market" by investors, also closed at the daily limit today, but whether it was the turnover rate or the closing strength, it was not as good as Shibei Hi-Tech. Everyone's expectations for the subsequent market of this stock are still quite different.
Among the other previous hot stocks, Shanghai Sanmao also closed the daily limit today.
However, the turnover rate and volatility of this check today are extremely large. Even if it finally hits the daily limit, the main funds on the market also show a net outflow trend.
In addition to these previous hot stocks that still perform well, the areas with the strongest money-making effect today are the two main lines of "infrastructure" and "state-owned enterprise reform". The medium and small-cap concept stocks that have made up for the low-level rise, such as Pudong Jinqiao, Pudong Construction, High-tech Development, Wanqi Enterprises, etc., which are superimposed with the concept of "Shanghai Free Trade Zone", all hit the daily limit. There are also Yu Development, Financial Street, Beijiang Transportation, Delong Transportation, Gannan Expressway, etc., which are superimposed with the concepts of "real estate", "public transportation", "building materials", and "building decoration". The tickets also closed at the daily limit.
In general, today's market situation, after the emotional brewing of the May Day holiday and the catalysis of various good news inside and outside the market, is still quite strong. Regardless of the index, market money-making effect, market sentiment, market confidence and other aspects, they have continued to expand and continue to suppress the counterattack of the short-selling forces in the market.
Faced with such a closing situation...
The vast majority of investors in the entire market are happy and excited.
After all, almost all major indexes closed near the highest point of the day at the closing time, which means that no matter where investors chase positions today, they will basically not suffer intraday losses.
Of course, in addition to happy and excited investors, there are also many depressed and angry investors.
Because of the huge market shock in the afternoon and the opening performance that was a little lower than expected in the morning, many unsteady holding investors in the market were also washed out, causing them to feel somewhat uncomfortable.
"Damn, it's really a wash!"
In today's trend, among the investors whose chips were washed out, some people sighed helplessly.
"Hey, when I lose money, I can hold on to my chips no matter how much I lose. But when I make money, I can't hold on to my chips after making a little profit. Why can't I control my hands?"
"It's the same. I want to sell as soon as I make a little profit. It's unbearable!"
"Today's trend is really amazing. It washed out a large number of people!"
"Sure enough, there is a market only when there are differences. This is the absolute truth. Fortunately... I held back today. I feel that the market will definitely continue to break through in the future."
"Today should be considered a divergence to a consensus, right?"
"With such a large amount of energy, the shock wash must have turned the divergence to a consensus."
"Beixin Road Bridge, Shibei Hi-Tech, and Shanghai Sanmao are a little bit trendy There are signs of divergence turning into consensus, but the market... I'm afraid it will take tomorrow to confirm. If the market rises with reduced volume tomorrow and the selling is not so heavy, then the divergence has turned into consensus. Otherwise, I'm afraid there will be fluctuations. "
"I feel that many major funds of many popular stocks have also left today."
"Looking at the trend and volume of Shanghai Sanmao, the 'Three Musketeers of Shenzhen' who controlled this stock before are probably gone."
"Today, with such a large volume and such a big divergence, there must be a lot of major funds in the market leaving, but... as long as General Manager Su hasn't left, there will be no big problem."
"Today, Beixin Road Bridge's turnover rate is not low, and the daily transaction volume has exceeded 500 million. General Manager Su left If it doesn't go, it's hard to say. This is also the reason why I didn't dare to buy it in the early trading. It's a pity... I watched it hit the daily limit. "
"Beixin Road Bridge's current position is basically close to double the stock price when it was launched."
"Yes, everyone knows that in the volatile market, the maximum space for speculation is about double. Although this check is the highest target in the two markets and the absolute core leader, it is still extremely difficult to continue to move up and open up new speculation space at the doubled stock price position."
"Look at today's Dragon and Tiger List. If Mr. Su doesn't leave and continues to lock the position, there will be more room for follow-up."
"I also feel that there is still more room for upward movement. After all, whether it is large or small, it is still difficult to continue to move up and open up new speculation space. Whether it is the market index or the market sentiment, it feels like it has reached the point of accelerated rebound. "
"Indeed, I have to say that the rebound trend of the Shanghai Composite Index this time is really beautiful on the K-line chart."
"Before 2500 points, the upper pressure is only the 60-day line pressure position. If the index does not fall back to 2200 points, it can be said that it will be smooth sailing if it continues to move forward."
"Is there really a bull market?"
"Let's not talk about whether it is a bull market or not, but I feel that the rebound is definitely not over."
In the fierce after-market discussion, time quickly passed 4 pm and 5 pm, until 5:30 pm, the Dragon and Tiger List of the two cities was refreshed.
After a day of violent and volatile trading, the number of stocks on the list today is also significantly greater than before the holiday.
It reached 24 stocks.
Among them, the core hot stocks that everyone pays close attention to, such as 'Beixin Road Bridge, Shibei Hi-Tech, Shanghai Sanmao, and Beijiang Jiaojian', are all on the list.
"Haha, Mr. Su's 'Fusheng Road' seat really didn't sell out, and he continued to lock up."
"Awesome! Mr. Su's pattern is really awesome!"
"Caishu Road didn't show up either, Mr. Su should have completely locked up today, with 10 billion chips locked up. I feel that this rebound is definitely a big market."
"Shanghai Sanmao's 'Shenzhen Three Musketeers' really left, but the seat of Yanjing Outdoor Street took over."
"Shibei Hi-Tech's check, Shanghai Hongqiao Road, is also continuing to increase its position and take over."
"Yuhang Qingchun Road took over Beixin Road Bridge. Oh my god... Qingchun Road bought more than 63 million today. This high position is really a big deal!"
"Qingchun Road is sure that Mr. Su's "Fusheng Road" will not crash the market, so it took over at a high position, right?"
"Is Qingchun Road related to Mr. Su's "Fusheng Road"? It feels like this is not the first time that the two funds have joined forces. Last year, on several monster stocks, we saw these two funds join forces to make the market."
"I don't know, it should... It doesn't matter, right?"
"Who cares if it matters or not, as long as Mr. Su continues to lock the position, everything will be fine."
"It seems that this check from Beixin Road Bridge is definitely one of the big monsters this year. Looking at the data on the Dragon and Tiger List, Beixin Road Bridge may really accelerate tomorrow."
"Oh, it's really a disagreement that has turned into a consensus. It's a mistake not to follow today."
"The Shaoxing branch has a seat in Beijiang Communications Construction. I feel that there will be monster stocks among the low-level first-board stocks that hit the daily limit today. Ah!"
"Overall, the market is still speculating around the two main market themes of "infrastructure" and "state-owned enterprise reform."
"Need I say that? 70% of the stocks on the Dragon and Tiger List are concept stocks in the two major fields of "infrastructure" and "state-owned enterprise reform."
"From the data disclosed by the entire Dragon and Tiger List, the main funds also showed a net inflow, right?"
"Yes, a net inflow of 362 million!"
"It seems that the big speculators are still very optimistic about the future market! So...what else can I say? I will chase the position directly tomorrow."
"Hey, I also want to take back the chips that were washed out today."
"I've said it before, as long as there is no selling position of General Manager Su on the Dragon and Tiger List, then hold the stock, move it around...it's better to hold it in the end."
"Indeed, I have learned a lesson this time."
After the release of the Dragon and Tiger List, the entire market has more intense discussions, and the sentiment of long positions has further grown inside and outside the market.
Some people slapped their thighs in a hurry, regretting that they did not buy in today; some people sighed and groaned, regretting that they did not have enough concentration today and sold the high-quality stock chips that had not made much profit; some people were overjoyed, looking at the stocks with daily limit that they had rarely caught in their accounts, and their mindset for tomorrow's market had continued to reach the daily limit; some people were beaming, strongly aware that the big market opportunity had arrived, and quickly raised various idle funds, preparing to dive back into the stock market that they had given up any fantasy tomorrow morning; some people made in-depth analysis, one by one, and followed the logic of the birth of the bull market...
In short, in the strong trend of the market's continuous rise, under the continuous strong money-making effect
The market's bullish sentiment inside and outside the market, as well as everyone's confidence in the continued rise of the market in the future, are all recovering wildly and heading for a comprehensive reversal. And just as this investment sentiment and confidence are advancing like a broken bamboo, the potential investors outside the market who were previously heartbroken by the stock market have also turned their attention back to the stock market...
In the evening, the US stock market continued to rebound sharply, adding fuel to the continued rise of bullish sentiment.
So, after a night of emotional brewing, the next day, May 6, Tuesday, several major market indexes opened higher again, forming a continuous short squeeze trend!