Chapter 578 The Journey of the Bull Market (Twenty-Three)!
It can be clearly felt through the market opening situation after call auction.
The active capital groups in the market are mainly concentrated in the major industry sectors of 'port shipping', 'machinery equipment', and 'public transportation', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'central and state-owned enterprises'. Reform and reorganization' are the main theme areas of several major concepts. Among them, the performance of the 'port shipping' sector is particularly eye-catching. Many core component stocks have opened higher by more than 1%.
As for the core sectors of ‘military industry’ and ‘infrastructure’ that have performed strongly in the past two days, as well as the mainline sector of ‘technological growth’ that was once wildly hyped by funds.
At this moment, they all behaved more blandly.
Among them, the core sectors of ‘military industry’ and ‘infrastructure’ remained sideways.
The core sector in the main line of 'Technology Growth' went up first and then fell during the entire call auction period. Under the influence of numerous bargain-hunting funds, its performance was still relatively weak. It ranked in the two cities' concept sector and industry sector gainer lists. Position at the bottom of the rankings.
In addition to these main line hot areas that attract high market attention...
Others, such as 'Big Finance', 'Big Consumption', 'Non-ferrous Metals', 'Coal', 'Chemical Petroleum' and other core main sectors, have basically shown a continuous shrinking trend. Their market trends are in line with the major market indexes. The fluctuations remained relatively consistent and did not show any signs of independent trends. At the same time, there were no traces of core main funds moving on the individual stocks in these areas.
"The trend of 'LeTV' will not fall to the limit again, right?"
At 9:26, when the collective bidding in the two cities ended, in the market, among the retail investors who were paying attention to the market, someone said with emotion: "Damn, if it drops to the limit again, it will only be three lower limits. This cut is really painful." In my bones.”
"Judging from the collective bidding trend of 'LeTV', even if it doesn't fall below the limit today, it's unlikely there will be a strong rebound, right?"
"Judging from the call auction, there is a lot of money in the stock of Lianban today, and there is also a lot of money in selling. It feels like a fight between gods."
“The funds sold are not a small amount, but a huge amount!”
"It should be all institutions selling it, right? The ones who are trying to pry it off should be mostly hot money."
"No matter what the ingredients of the various funds used for chopping and selling are, anyway, I think... stocks that are facing this kind of bad news, and the company's fundamentals and future expectations have completely collapsed, are obviously untouchable in the short term. There are more than 2,000 stocks in the two cities. There are many stocks that have gone out of the bullish trend, so there is no need to keep an eye on this stock.”
“The main reason I’m keeping an eye on this stock is to know where the main line of ‘technological growth’ will go next.”
"There is no doubt that the collapse of the investment logic of 'LeTV' has deeply affected the investment logic of the main line of 'technological growth'. At this time, we should avoid this main line."
"But judging from today's call auction, the 'tech growth' line is obviously oversold in the short term, and there is a high probability that there will be a rebound from the oversold."
"The investment logic collapsed and there was a rebound. It is probably a weak rebound due to the main force's self-rescue."
"With such a weak rebound, it is easy to get buried after participating. I think... the value of participation is really not great."
"'The strong will always be strong, and the weak will always be weak'! There is an obvious downward adjustment trend. To participate in this rebound, it is really not as good as chasing the core stocks in the two main areas of 'infrastructure' and 'military industry.'"
"The core stocks in the two main areas of 'infrastructure' and 'military industry'...at present, the adjustment should not be over yet, right?"
"The adjustment is not over, but the expectations are upward! One is expected to be upward, and the other is expected to be downward. It is easier to make a profit if you obviously participate in stocks with upward expectations!"
"That makes sense..."
"However, from the perspective of collective bidding, the hottest spot in the market is still 'port shipping'."
"'Yinkou Port' 10-for-30 bonus has aroused the hype in this sector. At the same time, the two core concepts of 'Eurasian Economic Belt' and 'New Era Road and Maritime Silk Road' are also closely related to this sector. In the short term... this sector should still be worth participating in.”
"'Port shipping' is also part of the main line of 'big infrastructure', right?"
"Definitely, and it is also the core sector of 'big infrastructure'."
"It's a pity that 'Yinkou Port' has reached its daily limit. If I want to participate today, I have no chance."
"Other stocks in the 'big infrastructure' field with the expectation of 'high transfers' can be lurking, and the main funds in the market will definitely speculate in this direction."
"Instead of chasing the wind, I think it is better to wait for the wind to come, continue to increase positions in core stocks that have performed well in the early stage of 'military industry' and 'infrastructure', and wait for these stocks to end their short-term adjustment and break upward again? Sometimes... Slow is fast, fast is slow!”
"That's okay, but after buying it, it's a bit difficult. I don't know when the adjustment of these tickets will be completed."
"It shouldn't be too long, right? After all, the greater the time and space for adjustment, the greater the impact will be on the market's emotional expectations in these directions and these core stocks. The longer the adjustment lasts, the more likely it is that subsequent breakthroughs will continue to rise." Hopefully, it will become smaller, so... I think the main funds will not let the market stay here for too long. "
"At this time, the test is patience."
"Infrastructure and military industry, the two main lines, have been hyped by the main funds in the early stage. Now, the main stocks are at a relatively high level. The intention of the main funds is obviously to shake the warehouse, so as to quickly clear the short-term profit-taking and unsteady locked-in chips on the market. The adjustment will definitely not last too long."
"In a word, no matter how the market changes, I will only follow Mr. Su's "Wealth Road". As long as Mr. Su's "Wealth Road" has not appeared in the net selling position of the Dragon and Tiger List, and the investment logic of the main lines of "Infrastructure" and "Military Industry" is still available, then I will hold the position with peace of mind and never waver."
"Hehe, at present, the funds following Mr. Su's "Wealth Road" in the market should be huge Right?"
"That's for sure! However, the main line direction chosen by Mr. Su's 'Wealth Road' is also very large, and it is fully capable of carrying these huge follow-up funds."
"The entire 'big infrastructure' main line is very large, let alone this little follow-up funds, and the 500 billion incremental funds coming in from the outside market are estimated to have no particularly big impact."
"500 billion incremental funds? If there is such a huge amount of incremental funds entering the market, it should be able to set off a bull market!"
"Think too much, how can a bull market be that easy?"
"The 'national team's' holdings in the market should have been more than 500 billion, right? It didn't make any splashes. "
"The holding volume and incremental funds are still different . "
"Anyway, it's too early to say that the market is in a 'bull market', but... there's no need to be pessimistic."
"Overall, the market is slowly improving, especially in the past two days, the foreign market has been very bad, but A shares are actually here, not falling at all. I feel that this is a sign that the market is gradually getting stronger and can even move independently in the future!"
"Since the Shanghai Composite Index actually broke through 2,300 points, the trend is indeed a bit different."
"Hehe... So, what's there to be afraid of?"
"Compared with the foreign market, our A shares should not have fallen. Looking at the global stock market, the overall valuation of A shares is already the lowest."
"You can't look at the overall picture, 'Technology is the key to success. In the main field of 'growth', many growth stocks are still generally valued at more than 100 times PE. "
"So, we should temporarily avoid the highly valued 'tech growth' stocks."
"Well, I feel that the opportunities for low-valuation blue chips in the future are indeed more than the growth stocks of the 'tech growth' type."
"The major institutions in the market also said so, but I don't know... this time, whether the institutions can predict accurately, don't..."
"The words of the institutions are not credible, but the continuous flow and accumulation of market funds should not deceive people."
When many retail investors were discussing fiercely during the short 5-minute suspension period, the market had unknowingly reached the official continuous bidding trading time point of 9:30.
After just 5 minutes of emotional brewing,
The moment the stagnant two markets began to jump again, as a popular stock with extremely high market attention, 'Chengfei Technology' once again rose rapidly and closed the board. At the same time, many core popular stocks such as 'LeTV', 'Fushun Special Steel', and 'Beijiang Communications Construction' also rose rapidly.
At 9:31, 'Chengfei Technology' hit the daily limit, achieving four consecutive turnovers, further opening up the market's recent continuous board space height, setting an example for the subsequent hot concept stocks that followed the trend, and further stimulating the speculation sentiment of the active capital groups in the market around the core directions of 'infrastructure' and 'military industry', and improving the risk preference of the entire market on the core main line.
At the same time...
In one minute, 'LeTV' exploded 130 million, and the intraday transaction volume reached 420 million. The stock price once again pulled up from the limit down position, and the intraday decline narrowed rapidly, shrinking to around 7% decline.
After a brief rise, ‘Fushun Special Steel’ continued to maintain a sideways fluctuation mode.
As for ‘Beijiang Communications Construction’, after a rapid rise, there was an obvious gap in the funds to take over.
At 9:32, supported by good market speculation sentiment and the rapid rise of a number of popular concept stocks at the beginning of the session, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index achieved red trading. At the same time, the overall market situation was also quite balanced, without the tearing trend of the previous two days.
At 9:33, as the decline of ‘LeTV’ narrowed, a number of core concept sectors in the entire ‘Technology Growth’ main line, as well as related core stocks, such as ‘Huayi Brothers’, ‘Netspeed Technology’, ‘Huaguo Software’, ‘Inspur Information’ and other stocks, also slowly rose and achieved red trading.
At 9:34, the Shanghai Composite Index once again stood above 2,400 points.
At 9:35, the intraday increase of the 'port and shipping' sector index broke through to around 1.5%. At the same time, the related stocks in the main concept themes such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of Central Enterprises and State-owned Enterprises' continued to be pursued by the main funds.
At 9:36, the growth rate of the major concept theme sector of 'Reform and Restructuring of Central Enterprises and State-owned Enterprises' squeezed into the top of the growth list of the concept sectors in the two cities, and the related concept stocks, especially the low-end small and medium-sized concept stocks with a market value of less than 10 billion, were attacked by the main funds very quickly.
At 9:37, the Shanghai Composite Index hit around 2406 points.
At 9:38, as market expectations for the main theme of the "reform and reorganization of central and state-owned enterprises" are getting stronger and stronger, and it has begun to attract active capital groups in the market, "architectural decoration" and "architecture" in the field of "large infrastructure" Core sectors such as materials and real estate development also rose following the red plate.
At 9:39, the Shanghai Stock Index hit around 2,410 points, and the increase expanded to around 0.7%.
At 9:40, the Shanghai Stock Exchange Index surged higher, as well as the Shenzhen Stock Exchange Index and ChiNext Index, which also followed suit and rose. Several major indexes experienced a significant surge in their continuous upward breakthrough trend.
At 9:41, after the Shanghai Stock Index hit its highest point of 2413.33, the overall time-sharing volume performance of the market was insufficient. After the time-sharing volume exploded, there was a shrinkage, and at the same time, the selling pressure from above became more and more severe. .
At 9:42, the Shanghai Stock Index turned around and fell back to around 2410 points.
After that, for nearly an hour, the Shanghai Stock Exchange Index continued to fluctuate strongly around the range of 2400 points to 2410 points, while the Shenzhen Stock Exchange Index and ChiNext Index also maintained a red plate and 0.5% increase range. The trend of the entire market, Due to the overall lack of energy, it was once again trapped at the 2400 point mark.
"I feel that the market has not been adjusted enough. It has to fluctuate around 2400 points to further digest the selling pressure from above and short-term profit taking!" At around 10:50 a.m., Yuhang, Minghui Capital Group, inside the main fund trading room, Fund manager He Hong, who has been observing changes in market conditions, frowned slightly and said, "Market adjustment is still lacking in terms of time and space."
Xu Zhongji, who stood behind He Hong and looked at the big screen of the trading room with a smile, nodded slightly and said: "It is true that we are still a little short of time and space, but... in the current main line of the market, various institutional groups on and off the market Positions are obviously insufficient.”
"Although there is heavy selling pressure on the market, there is still a lack of time and space for adjustment."
"But when major institutions are eager to increase their main positions."
"I'm afraid that the room for downward adjustment in the index and corresponding mainline core stocks has been completely blocked."
"What Mr. Xu means..." He Hong felt a chill in his heart when he heard this, and said, "The index may continue to fluctuate sideways, but the core core stocks on the main line are very likely to fluctuate higher and higher during the sideways fluctuations of the index. , there is no opportunity and space for downward adjustment?”
Xu Zhongji nodded slightly and responded: "Yes, the market trends cannot be consistent, and the expectations and trends of the major main areas cannot be synchronized. The two main lines of 'infrastructure' and 'military industry' , in fact, from an essential analysis, after the market has anticipated the main themes of the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', its investment logic and future expectations are It is obviously further strengthening, and institutions happen to be in these two main areas, and their positions are obviously insufficient. Under such circumstances... For core stocks that are expected to be good in these two main areas, how can there be a pullback to a low level to allow other funds to Is it possible to continue boarding the car from a low position?”