Chapter 390 The Shanghai Composite Index Has Risen for Seven Consecutive Days, Aiming at 2400 Points!
"The turnover of the two cities was 107.336 billion, with no signs of significant expansion. However, in terms of market development, while 'infrastructure' and 'state-owned enterprise reform' continued to lead the rise, there was no continued differentiation or financial attack as you mentioned before. "This is a sign of further concentration in the field." After the two markets closed, at 3:15 pm, in the internal fund trading room of Yuhang Investment Company, Li Meng turned to Su Yu after a brief review and asked with a smile, "This is Does it mean that the market situation is starting to deviate from your previous expectations? "
"Judging from the market performance, it is indeed better than expected!" Su Yu responded, "Market investment confidence and sentiment have recovered quite quickly, and the incremental funds coming in from the sidelines are also better than expected. If this trend continues, , it is not difficult for the Shanghai Stock Exchange Index to break through the bull-bear line of 2,500 points.”
"certainly……"
Su Yu paused and then said: "The financial market is changing rapidly, and the most ideal state is often not easy to achieve. Therefore, although the market is currently going slightly beyond our previous expectations, it is still not appropriate to change the investment strategy at this stage. We still need to remain cautiously optimistic.”
"Yeah!" Li Meng responded and said, "Indeed, when market sentiment is overheated, people are more likely to lose their rationality and judgment."
"Master, today's market continues to make breakthroughs, but in terms of volume and energy, there are no signs of obvious enlargement compared to yesterday. This shows that the chip structure on the market is stable and the expectations of various investors participating in the market are relatively consistent, but it is not the same as yesterday. Does it mean that the number of profit-making orders on the market is also increasing rapidly?" After briefly reviewing the market, Liu Yuan took over the topic and said, "Such a rapid increase in profit-making orders, under the continuous short squeeze trend in the market, is likely to happen. When the bullish sentiment in the market drops slightly, it will cause great selling pressure on the market, thus suppressing the market’s rebound height, right?”
When Su Yu heard Liu Yuan's words, he nodded slightly and said, "You are right. As the index continues to rise high, there are indeed hidden worries in this regard. If the bullish sentiment in the market drops slightly and the chip structure on the market loosens, then More drastic adjustments are bound to come.”
"However, given the current bullish sentiment and signs of renewed confidence in the market."
"As long as in the short term, there will be no major market negative news on the market macro news, based on the continuous inflow of incremental over-the-counter funds."
"With the Shanghai Stock Index below 2,500 points, the drastic adjustment due to the loosening of the chip structure will probably be able to withstand."
"Of course, expectations and reality sometimes don't match up."
"Although there are no risks in the current market and our holding costs are relatively low, we still cannot relax our attention to potential risk points and market news."
"Yeah!" Liu Yuan responded, lowered her head and continued to review.
"Boss, the market conditions for the two main lines of 'infrastructure' and 'state-owned enterprise reform' should have entered a comprehensive acceleration stage today, right?" Wang Can observed the changes in the overall transaction volume of these two core main lines during the review. As well as the depth of the speculation by various funds, he said, "Beixin Road and Bridge has directly reduced its volume today. I feel that this trend is approaching the peak of the hype. I am thinking... If the hype of Beixin Road and Bridge reaches the peak, it will not be able to further open up the market." If the speculation space is high, can the market trends of the two main lines of ‘infrastructure’ and ‘state-owned enterprise reform’ continue?”
Su Yu responded with a smile: "That's a very good question. Actually, what you said... is the relationship between an on-site chip game and the degree of expected fulfillment."
"Analysis from the chip structure."
"Beixin Road and Bridge's stock price has reached its current position. The profit accumulation has been quite heavy, and the stock price has increased significantly in the short term, significantly exceeding the increase of the market index and the overall market increase. At the same time, the valuation is also significantly higher than the average estimate of other stocks in the same industry. value, which leads to a slight exhaustion of market sentiment. These heavy profit orders will inevitably lead to selling and profit taking at the first time, which will hit the stock price. "
“But when it comes to the specific investment logic and future expectations of the two core lines of ‘infrastructure’ and ‘state-owned enterprise reform’.”
“It’s still far from time for the real expectations to be realized.”
"All the so-called hype must be based on expectations of an explosion in industry demand and performance expectations."
"At the current stage, the news on the two main lines of 'infrastructure' and 'state-owned enterprise reform' is continuing to ferment, which means that the room for explosive demand in the industry, the room for growth in future performance, and various fundamental changes are still at the highest level of expectations. In the strong stage, as long as this expectation is still there and the news and performance are not significantly lower than market expectations, then the market continuation is not a big problem. "
"In this way, if the basic investment logic of the main line has not changed... it will be easy to judge the trend of Beixin Road and Bridge stock."
"That is, in the short term, due to excessive profit taking, once the sentiment drops slightly, the stock price will experience relatively extreme fluctuations. However, it is still unlikely to affect the main line market in the two major fields of 'infrastructure' and 'state-owned enterprise reform'. , and... in the current market, except for a part of the investor group that has been completely locked up, the rest of the investor groups do not have heavy positions. That is to say, as long as market expectations are still there, then for the relatively high-quality stock chips in the market, there will be no profit. If the market is cashed out quickly, there will be no shortage of funds.”
"In fact, after this period of time, the two main market trends of 'infrastructure' and 'state-owned enterprise reform' have continued to deepen."
"The main funds from all walks of life have been deeply involved in these two fields, and the market has spread, and the concept stocks involved have also occupied a considerable share of the entire market."
"In this case, the main line market is spreading. Even if the hype reaches its peak, it will not be a peak trend."
"In other words, even if we have a very heavy position in this area and want to exit when the market turns, we will not encounter liquidity problems."
"In other words, after the Beixin Road and Bridge hype is over, there is a high probability that there will be a third wave of market prices?" After listening to Su Yu's analysis, Wang Can didn't really understand it in his heart, and he didn't fully understand the logic, but he knew that Su Yu Judging the trend of the Beixin Road and Bridge stock, this is probably what I meant. He smiled and said, "Then it seems... I was just worried. I thought the two main lines of the market that we have a heavy position in are almost over?"
Before joining the company, he was a retail investor and independently traded in stocks.
This is a typical retail investor's thinking. Losing money can hold the chips. Once profits are made, they will think about all the things, feel uneasy, and have a strong desire to cash in profits.
Now that I have entered the company, I have made a lot of progress in many aspects despite being influenced by what I have heard and seen.
But this kind of psychology, after seeing the profit figures of tens or hundreds of millions in the accounts that I operate, is still uncontrollable and comes to my mind from time to time.
"The relationship between investment logic and chip game..."
When Wang Can breathed a long sigh of relief and felt that he was thinking too much, Zhao Lijun, who was silent on the side, had a lot of enlightenment in his mind. He couldn't help but asked Su Yu, "Mr. Su, this should be long-term investment and short-term trading." The essential difference and trading principles, right?”
"In short-term trading, no matter how strong the expectations are, the essence is still a chip game."
"But in terms of long-term logic, no matter what kind of chip game is played, as long as the logic of expectations is still there, and as long as investment expectations have not been realized, then all extreme shocks will not be able to change the trend."
"Smart!" Su Yu praised with a smile.
Zhao Lijun's understanding of trading, through observation during this period, he felt that it should be the most outstanding among the traders present, besides him, Li Meng, and Liu Yuan. At this time, Su Yu suddenly made a move to promote him Get up and let him and Liu Yuan jointly manage a major fund.
After all, as the company's operations expand, he can't keep an eye on every transaction.
In the end, there is always a need for some core backbone to complete the transaction tasks independently.
Li Meng can basically rest assured now, but it is impossible for Li Meng alone to manage several trading teams and multiple major funds.
Therefore, he still hopes to have more trustworthy talents who can grow up quickly and take on important responsibilities.
It is also for this reason that when he was in the trading room, he would patiently answer various questions raised by everyone, and teach each trader everything he could based on his more than ten years of trading experience accumulated over two lifetimes.
"Mr. Su, based on today's market performance, the conceptual field of 'growth stocks' in the direction of small and medium-sized enterprises and GEM also has the characteristics of bottom reversal." During the discussion, Zhu Tianyang thought for a while and also raised a question, "You said before that the two main lines of emerging industries, 'mobile Internet' and 'smartphone industry chain', are long-term trend main lines that can last three to five years. Now many popular stocks in these two main lines have good expectations in the future. Under such circumstances, the stock price is already at a relatively low level compared to the high point of last year's speculation. Now that major funds are once again flowing in this direction, does this mean that the adjustment of these two main lines has basically been in place? "
Su Yu responded: "Looking at the market, there are indeed signs of major funds re-gathering in the direction of 'mobile Internet' and 'smartphone industry chain', but whether the adjustment is in place depends on the next two main areas. Whether many popular stocks have exceeded expectations in terms of expected fulfillment, and whether they can regain enough sustained profit-making effect to release the huge amount of hold-up that has accumulated in the market. "
“If the popular stocks in these two main areas have fulfilled their expectations, their performance has exceeded market expectations.”
"And if these popular stocks can start a continuous upward trend and raise the investment confidence and future expectations of the broad investor group in the market for these two main areas, then even if it has truly hit the bottom, we can also switch positions appropriately. , re-positioning in these two areas.”
After hearing Su Yu's analysis, Zhu Tianyang thought for a while and responded: "What Mr. Su means... is that the market conditions in the two main areas of 'mobile Internet' and 'smartphone industry chain' need to be further observed?"
"Yes!" Su Yu nodded slightly, "Let's wait until the mid-year performance forecasts for many popular stocks in this field are released. The current overall chip structure of these two main areas is very messy, and many of the main funds that have been trapped still have a glimmer of hope. , are reluctant to close their positions, and the newly entered main funds appear to be too hesitant. Overall, confidence and expectations have not yet fully recovered.”
"Of course, it is necessary to continue to pay attention to market changes in these two main areas."
"After all, the number of 'mobile Internet' users and the sales of 'smartphones' are still growing rapidly. When investment confidence and future expectations in these two main areas return to highs and the internal chip structure adjustment is completed, these two There should be many investment opportunities in large areas.”
"In general..."
Su Yu paused for a while and then said: "As an asset management institution, in addition to making the right choice in investment direction, we should also perform well in market timing. The direction of attack of the main market funds has always been to gather in places with the best expectations, the strongest money-making effect, and the most abundant liquidity. What we need to do is to create and guide such market opportunities as much as possible through timing means in the correct investment direction, so as to obtain excess market profits."
"I understand!" Zhu Tianyang nodded after listening to Su Yu's analysis.
Then, his eyes turned back to the computer interface again, and continued to review today's market, and combined with market news, to find potential investment opportunities.
Similarly, at this moment, inside Minghui Capital.
After the internal investment strategy group meeting, several managers in charge of the company's main fund products also expressed relatively optimistic views.
"The index is not expected to fall back to 2200 points. This round of rebound should reach 2500 points without any problems. Mr. Xu... As the company's top product, our 'Minghui No. 1' fund should also change its investment thinking from conservative strategy to relatively aggressive strategy, right?"
"Mr. Su has already shouted the slogan of a bull market. At this stage, increasing positions should be the only choice."
"Although the current positions of the two core themes of 'infrastructure' and 'state-owned enterprise reform' are not low, there is obviously room for improvement. Our holding costs on these two themes are relatively advantageous. If we continue to increase positions at this time, the tolerance rate should be relatively ideal."
"If the expected high point of the index rebound is 2500 points, it is completely useless to increase some chips here. any problems."
"Mr. Xu, the current market has no market in the direction of 'reorganization and backdoor listing'. I think we can reduce some of the chips in this direction, concentrate our holdings, and try to make more profits in the two main lines of 'infrastructure' and 'state-owned enterprise reform'. "
"I agree with the strategy of converging investment directions and focusing on the main market trends."
"'Infrastructure' and 'state-owned enterprise reform' should be the main macro themes this year, just like the two main lines of 'mobile Internet' and 'smartphone industry chain' last year."
"It feels like a very obvious 28 market pattern. This year's core focus may be on the main board."
"Well, judging from the market trends in the past month or so, the performance of the Shenzhen Index, the Small and Medium Enterprise Index, and the ChiNext Index , which is indeed significantly lower than the performance of the Shanghai Stock Exchange Index. The entire market has indeed shown signs of transitioning from the previous speculation of "growth stocks" and "concept stocks" to the direction of "value investment" such as white horses and blue chips. "
"The scope of the macro-theme of "SOE reform" is very large. In fact, the current market trend of this theme has been quite deeply differentiated. If we consider the risk of chasing high prices, we can also follow up some stocks with lower positions, excellent performance, and the concept of "SOE reform". "
"Well, especially the "infrastructure" stocks with many local state-owned assets, I think they have great potential. "
"This year is definitely a big year for "infrastructure"! "
"According to market news, in the macroeconomic route, the path of "deepening reform" should have been determined and will be implemented unswervingly. "
"The key It is this round of market, the continuous short squeeze, which actually caught everyone off guard. "
"Now in the market, many asset management institutions should still be at a very low position level. These major funds that have not entered the market are all potential bullish forces in the market! So... I think we continue to increase our positions and follow up at this time, and grab another first move. It is very likely that we will not lose money. "
Among the opinions of the crowd...
General Manager Xu Zhongji smiled and looked at several fund managers, laughed twice, and said: "It is natural to be optimistic at this time, but caution is the only magic weapon for winning in the financial trading market. We must not forget that the market continues to squeeze out, and the upward trend has been established. We can continue to increase our positions appropriately for right-side transactions, but at the same time, we still have to maintain a 20% cash bottom line. "
"The so-called extreme trend, although the probability of occurrence is extremely small. "
"But once it occurs, the lethality is indeed quite amazing. In the financial trading market, living long is far more important than making temporary huge profits. "
"Okay! "Several fund managers finally gave up their investment strategy of going all-in under Xu Zhongji's advice.
Of course, like Xu Zhongji, investors who remain calm at this moment are already a very small number of investors in the vast investor group in the market.
Especially when the Dragon and Tiger List of the two cities was refreshed again at 5:30 p.m.
Everyone saw that Su Yu's two major trading seats continued to lock positions, and other well-known hot money seats, such as "Qingchun Road", "Hongqiao Road", "Chunhui Road", "Yanjing Outdoor Street", "Jiefang South Road", "Modu Huaxin Securities Branch", etc. all appeared on the buying list, and institutional seats also appeared in large numbers. The entire Dragon and Tiger List disclosed buying and selling data, and net buying appeared for the fourth consecutive day. The whole market, that kind of bullish sentiment was rampant, and the majority of investors were unanimously bullish, as if the market bull market reappeared.
And under the influence of this increasingly explosive bullish sentiment...
The next day, May 8, Thursday, the market continued to open high and move high, and the Shanghai Composite Index continued to refresh the high point of this round of rebound to 2370.37 points.
Then, on May 9, the Shanghai Composite Index continued to fluctuate and rise, closing with the seventh positive line.
It has gone through a seven-day positive trend that shocked the investors who missed out on opportunities, completely getting rid of the sluggish trend of the entire market in the first quarter, breaking through all constraints, and directly aiming at the pressure range of 2400 points to 2500 points, with a strong momentum of soaring into the sky, and the bull market is returning strongly!