Chapter 658 The Main Line of ‘Big Finance’ that Refuses to Adjust!

Su Yu smiled and nodded, and replied: "Yes, when we trade, we must not only focus on the market, but also on the changes in expectations inside and outside the market."

"Master, the positive signals released by the central bank to the market should have already indicated the expectation of future interest rate cuts and reserve requirement ratio cuts, right?" Liu Yuan heard the discussion between the two, pondered for a while, and said, "If the market is expected to cut interest rates and reserve requirement ratios, the main line of 'big finance' should have sufficient news and policy support, and before the official news lands, the market trend of the main line of 'big finance' should not be a big problem, right?"

Su Yu nodded slightly and responded: "The current market should generally have this expectation."

"In fact, even if there is no expected stimulus from the central bank's monetary policy shift to the market, the main line of 'big finance' will obviously explode." Zhao Lijun at this time , also continued, "The market turnover of 500 to 600 billion, plus the balance of margin trading has increased by several hundred billion compared with June and July. The performance growth brought by so much incremental funds entering the market to the securities sector and even the entire "big finance" sector cannot be ignored.

In addition, the main sectors such as "infrastructure" and "military industry" have continued to siphon funds from other main lines of the market.

The valuation of the "big finance" line has been suppressed extremely badly.

Such a large expectation gap, as long as the main funds group active in the market are not blind, they should notice it.

Therefore, I think that even if we do not lead the pull of the market, we will eventually form a consistent force in the market and finally get out of the market.

It's just that the time when the market finally breaks out may be relatively delayed.

Therefore, the intensity of the outbreak may be, If it is not as strong as it is now, the driving effect on the entire market will not be as rapid as it is now. "

"Although the line of 'big finance' is a clear card, the locked-in plate is very heavy." At this time, Zhang Guobing also took over and said, "If we do not drive the market at this critical moment, it is very likely that the market will quickly turn to the main lines of 'technological growth' and 'big consumption' after it has been difficult to form a joint force in the direction of 'big finance'. If the market really develops in that way, it will be completely disadvantageous to us, so... I think it is very necessary for us to bring out the main line of 'big finance' at this time.

Now, the investment volume of our institution is so large.

In investment and trading, we cannot simply follow the trend of market development, but we must actively guide the market to make corresponding breakthroughs. . "

"Guobing makes sense." Su Yu said with a smile, "The best defense is to take the initiative to attack. Only if we follow the macro-development trend of the market and take the initiative to guide the market, so that the market sentiment and market development will move in the direction we expect, can we truly grasp the market situation, reduce investment risks, and maximize market profits. This is an excellent market operator. Must have the ability. "

"Boss, in addition to the "big finance" line, the "technological growth" line has also rebounded strongly today." Wang Can pondered for a while, and then said, "LeTV and Netspeed Technology have both reached their daily limit today. Domestic software, Apple concepts, film and television media, mobile games, etc., the related concept sectors in the main field of "technological growth", today's increase is second only to the core sectors of "big finance".

Looking at this situation, it seems that the entire "technological growth" main field does show some signs of the end of adjustment.

If the capital group forms a joint force in this direction next, will it form a certain market constraint on the "big finance" main line that is exploding and breaking through?

After all, if the entire main line of 'Technology Growth' has a continuous money-making effect.

Then, it is bound to form a certain differentiation on the funds gathered in the direction of 'Big Finance'.

At that time, the main market funds will be diverted, and the capital carrying power in the direction of 'Big Finance' will inevitably weaken. At the same time, there will inevitably be investors who have followed up on the 'Big Finance' sector in the past few days and have already made a lot of profits, trying to take profits and stop profits, and switch between the main lines of 'Big Finance' and 'Technology Growth'. This will inevitably suppress the upward force of the main line of 'Big Finance'. "

"Today's rapid rebound of the 'Technology Growth' line is mainly driven by the 'LeTV' check, right?" Su Yu has not spoken yet, Zhu Tianyang has taken over and said, "And the main reason for the abnormal movement of the 'LeTV' check today is still due to the stimulation of the news, rather than the expected reversal of the fundamentals. I think at this stage, the fundamental expectations of the 'Technology Growth' market main line have not yet reached the time of reversal.

At least for many stocks, their performance growth rate has not kept up with the valuation.

And from a technical perspective, the K-line patterns of many stocks have not come out, and the internal chip structure has not been adjusted.

So, on the whole...

The main line of "Technology Growth" should be a short-term rebound at present, rather than a reversal.

Compared with the market trend of the main line of "Big Finance", the two are completely different in terms of the motivation and expected factors of market development, and naturally cannot be compared in the same category.

The logic of this factor of oversold rebound.

It will only make the stock prices of many stocks in the line of "Technology Growth" rebound quickly by 10 to 20 points.

Once these stocks encounter strong pressure positions and strong selling orders from major funds in the front, and the extreme market hype and follow-up sentiment begin to gradually decline and stabilize, then these oversold rebounding "technological growth" stocks will most likely fall into adjustment again.

In other words, I think that at the current stage.

The timing is not yet ripe for the "technological growth" line to break out of the continuous money-making effect, so that the rebound expectations and gradually form reversal expectations.

Moreover, under such a strong money-making effect and breakthrough market trend in the "big finance" direction.

In fact, the funds flowing to the "technological growth" direction are only short-term funds that overflow from the "big finance" direction in a short period of time.

It is difficult to continue to promote the "technological growth" line by relying on this part of the fund group.

Therefore, I don't think we need to worry about the impact of the "technological growth" line on the "big finance" line, nor do we need to worry that the market active fund groups will be divided and restrict the market height of the "big finance" line. "

"Tian Yang is right. "Su Yu saw that Zhu Tianyang had explained the logic of Wang Can's concerns very clearly, and nodded with a smile, responding, "For the line of 'technological growth', the current reversal expectation of fundamentals is still problematic. Whether this line can form a reversal expectation of fundamentals, and the final logical judgment, I am afraid that we have to wait until the third and fourth quarter performance of many related core stocks comes out before we can see clearly.

Before that, the line of 'technological growth' is unlikely to end the overall adjustment and take the main rising market route.

As for the line of 'big finance'.

The reversal expectation of fundamentals is already very obvious.

Coupled with the continuous positive stimulus from the central bank and the regulatory authorities, the subsequent foreseeable 'Shanghai-Hong Kong Stock Connect', the issuance of A50 index futures, the issuance of Huazheng 500 index futures, the central bank's interest rate cuts and reserve requirement ratio cuts... and other positive factors will also come one after another, so there will be certain investment opportunities.

As long as the active capital groups in the market are not blind, they should all converge in this main line.

There is no problem with the expected logic of investment, then there is no need to worry about other things.

In other words...

Even if the 'Technology Growth' line, with a very small probability, reverses in advance and forms a continuous money-making effect, how many capital groups in the market can be differentiated?

Don't forget that the average daily trading volume of the current market is already more than 500 billion, and it is still rising.

At this level of volume, the market can support two or three core lines to break through at the same time.

In other words, under the current market's extremely abundant liquidity, in fact, as far as the 'Big Finance' line is concerned, the capital flow actively undertaken is completely excessive.

This has led to the overall expectation of the 'Big Finance' main line still being strengthened.

The stock prices of related core stocks cannot fall at all. As long as the stock prices of related core stocks are slightly adjusted, the capital flow below will continue.

In addition, the market's margin trading targets are mainly concentrated in the core stocks in the 'Big Finance' direction.

When the margin trading balance in the market continues to explode.

This leverage effect will also intensify the market evolution in the 'Big Finance' direction.

I estimate... in the direction of 'big finance', especially the relatively more certain 'securities' sector and 'Internet finance' sector, the performance will be more intense than we expected. ”

Just as Su Yu expected…

The next day, October 31, Friday.

The market was relatively calm on the news front, and without clear positive or negative news, the morning session continued to open significantly higher.

Among them, in the direction of ‘big finance’ that has attracted much attention from the market, the ‘securities’ sector index opened again with a gain of nearly 3 points, and the ‘Internet finance’ sector index opened nearly 2.5% higher.

After the official opening.

The securities sector reached a high of 5 points at 9:36, and remained strong.

Among them, the stock of ‘Western Securities’, which has the strongest trend in the securities sector, has achieved three consecutive boards. Today, after opening 7 points higher, it was closed again within a few minutes, forming a strong trend of four consecutive boards.

As for the ‘Internet finance’ sector, it also rushed up quickly after the official opening.

Among them, the three stocks of ‘Tonghuashun’, ‘Dazhihui’ and ‘Yinjie Technology’ also opened high and closed the daily limit in seconds, continuing the trend of consecutive boards.

However, in the core sectors of ‘big finance’, the trend is still strong.

Under the condition of large-scale siphoning of funds.

At 9:46, ‘Bluestone Heavy Equipment’, which had opened sharply higher and quickly went up, and once achieved the 25th consecutive board, suddenly exploded and fell rapidly, falling 10 points in an instant, directly from the price of the daily limit to the green state, which severely hit the market's continued high-pitched speculation and investment sentiment.

Therefore, under the influence of the high-level flash collapse trend of ‘Bluestone Heavy Equipment’.

At 9:47, ‘Leiman Optoelectronics’, which also closed the daily limit, also exploded rapidly, marking that the two branch markets of ‘new stocks’ and ‘sports industry development’, which have been strong for many days, have entered a rapid adjustment stage.

At 9:48, under the explosion of ‘Bluestone Heavy Equipment’ and ‘Leiman Optoelectronics’.

Yesterday, in the main line of ‘technology growth’, which had just played a hot money-making effect, a number of popular concept stocks and weighted core stocks also quickly ushered in a dive, and the gains created by the lightning recovery plate were also quickly recovered.

At 9:50, the check of ‘LeTV.com’, which had achieved three consecutive boards, also issued a huge amount on the daily limit board, and it fell rapidly.

At the same time, Netspeed Technology, Huayi Brothers, Huaqingbao... a group of stocks followed suit.

At 9:53, the hot speculation sentiment that quickly receded spread to the field of ‘big finance’.

The indexes of the major sectors of ‘securities’, ‘banks’, ‘insurance’, and ‘Internet finance’ also fell rapidly, and the pressure on the market increased instantly.

At 9:55, the weighted core stock in the field of ‘Internet finance’, ‘Oriental Fortune’, recovered the initial 5-point increase, and almost fell to the flat price.

At 9:56, the securities sector index fell back to the 3% increase position.

At 9:57, the stock of ‘Dazhihui’ broke the board, but in less than 3 seconds, it was blocked by 100,000 main buy orders again.

At 9:58, the Shanghai Composite Index fell back to within 1%, and the Shenzhen Composite Index and the ChiNext Index fell back to within 0.5%.

At 10:02, the core leading stock of the securities sector, ‘Western Securities’, issued a huge amount of orders on the daily limit, and there were more than 100,000 consecutive main selling orders.

However, just when everyone thought that the ‘Western Securities’ check would explode.

After the continuous selling of more than 100,000 large main selling orders, there were nearly 200,000 main buying orders, which quickly blocked the buying channel and continued to block the daily limit.

At 10:03, when the majority of investors who paid attention to the stock of ‘Western Securities’ saw that the orders for this check increased rapidly after a sharp decrease, they knew that there was no hope of opening the board, and they could not help but stop the urge to sell, and other buying funds that planned to withdraw orders on the daily limit quickly gave up the intention of withdrawing orders, and looked forward to buying the chips they wanted at the daily limit price.

At 10:04, the increase in the securities sector index further fell back to about 2%.

At the same time, ‘Lanshi Heavy Equipment’ continued to fall sharply by 5 points, and the market decline expanded to 5.33%. The intraday amplitude reached nearly 16 points, and a lot of funds that took over this stock on the daily limit today have lost 16% at this moment, which is extremely tragic.

After the explosion of ‘Leman Optoelectronics’, the market increase also fell back to 4 points at this moment.

There are also a number of popular stocks in the main line of ‘Technology Growth’, such as ‘LeTV’, which has also fallen from the daily limit to around 5 points at this moment, and in half an hour, the intraday transaction volume of this check has reached 1 billion.

At 10:10, the market divergence between the two markets became more and more obvious.

In the continuous rebound of the previous three trading days, the short-term profit-making fund group began to take profits and stop profits at this position, and sold a large number of chips.

At 10:20, the Shenzhen Index, ChiNext Index, and SME Board fully recovered the gains in the early trading stage and fell back to the flat market, showing a violent fluctuation pattern.

At the same time, the securities sector's gains fell back to 1.5%.

The two major sectors of banking and insurance have already swallowed up the gains at the beginning of the trading, and fell back to the opening position, that is, the gains of 0.4% and 0.63%.

As for the "Internet Finance" sector index, its performance is synchronized with the securities sector, and the gains have fallen back to 1.42%.

As the gains of several major core sectors of "big finance" fell sharply, at this moment, the main capital flows of several major sectors have gradually changed from a large net inflow at the beginning of the trading to an outflow state.

Of course, it is not only the main capital flows in the direction of "big finance" that have begun to show an outflow state.

The capital flows of other popular main lines in the market are also showing an outflow state at this moment.

At 10:25, when the main lines that rebounded sharply in the past few days were all adjusted and fluctuated, the core lines such as "infrastructure" and "military industry" that were weak in the past few days began to gradually strengthen at this moment.

Many active capital flows that withdrew from the main lines such as "big finance", "technological growth", "new stocks", and "sports industry development" began to switch between high and low and flow into the "infrastructure" and "military industry" fields that have lagged behind the market performance in the past few days and have the need to make up for the rise.

At 10:28, China Airlines Heavy Machinery suddenly rose straight.

At 10:29, Fushun Special Steel, China Airlines Optoelectronics, Hongdu Aviation, Aerospace Development and other stocks followed suit.

At 10:30, the previous popular concept stocks in the "big infrastructure" field such as Shanghai Construction Engineering, Beijiang Communications Construction, and Huaxin Cement also moved abnormally.

At 10:35, stocks related to the main line of popular concepts such as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", "Reform and Restructuring of Central Enterprises and State-owned Enterprises", "Shanghai Free Trade Zone", "Yangtze River Delta Economic Belt", "Pearl River Delta Economic Belt", such as Yingkou Port, Pudong Development, Shenzhen Development... and other stocks also moved up, attracting the attention and speculation of many main funds.

At 10:40, when the main lines such as "infrastructure" and "military industry" moved comprehensively, taking over the market trend and driving the market to rotate the main line trend.

Just as the vast number of investors who are paying attention to the market.

They believe that today's market is an obvious divergence market, and believe that the core main line "big finance" related sectors and their corresponding core stocks will fluctuate violently, digesting short-term profit-taking at low levels during the session.

The "Oriental Securities" check, which had originally fallen from a high of 6 points to a 2-point increase.

Suddenly, there was another continuous burst of buying orders for thousands of large orders on the market.

Moreover, the buying orders for this stock continued to sweep up the selling orders in an extremely strong manner.

At 10:41, the stock price of Orient Securities rose by more than 3 points in a straight line. The intraday increase returned to 5%, and within one minute, the amount of time was divided into 175 million.

At 10:42, the stock price of Oriental Securities continued to rise in a straight line, hitting a new intraday high, reaching more than 8 points, with a volume of 246 million in one minute.

At 10:43, before everyone could recover, the stock price of Oriental Securities had already hit the daily limit in a straight line, and the daily limit was sealed in a flash. The volume in one minute reached 323 million, and in three minutes, the total transaction volume reached 700 million. Above, the intraday transaction volume totaled more than 1.5 billion.

At 10:44, Oriental Securities completely sealed the daily limit.

At 10:45, thanks to the extreme explosion of 'Oriental Securities' and the main daily limit, the entire securities sector, as well as the banking, insurance, and Internet finance sectors in the 'big finance' field, began to recover rapidly, and related sector indices began to rise one after another. Explosive volume increased.

At 10:46, thanks to the collective rebound of "big finance", the Shanghai Stock Index also rose rapidly.

At 10:47, the securities sector index returned to the 2.5% intraday increase position, and the main capital flow within the sector once again changed from a net outflow state to a net inflow state. The market capital divergence was not small, but the bulls Funding eventually prevailed.

At 10:48, Huaxin Securities, Huatong Securities, Huatai Securities, Huashang Securities... a number of heavyweight securities stocks rebounded one after another, and in terms of market performance, the amount of main buying funds also broke out again, and the intraday lows were taken over There are endless funding groups.

At 10:49, the stock of "Oriental Fortune" in the "Internet Finance" sector returned to the 5% increase position during the day. At the same time, its market value exceeded that of Wangsu Technology and LeTV, ranking among the entire GEM. Refers to the weight component stock ranking first in market value.

At 10:50, under the influence of the securities and Internet financial sectors, the stocks rebounded and counterattacked.

Insurance, banking and other sectors have also begun to rebound.

At 10:51, driven by the overall recovery of "big finance", the "big consumption" field has also picked up, and heavyweight stocks such as Qianzhou Moutai, Gree Electric Appliances, and Midea Electric have rebounded one after another.

At 10:52, the early main lines such as 'infrastructure' and 'military industry', which had rebounded during the session, fell from the session highs one after another as 'big finance' continued to siphon active funds from the market. A number of concept stocks and early leading stocks in the field that had been rising rapidly before have also shot up and fallen back one after another at this moment, and the amount of selling funds on the market has greatly increased.

At 10:53, 'Bluestone Reload' was stimulated by the recovery of the main line of 'Big Finance'. It fell from the lowest position of 5.56% and quickly pulled back to the red market stage, but it was no longer able to attack.

At 10:54, the securities sector rose during the day and hit the 3% mark again.

At 10:55, the Shanghai stock index's rise, driven by "Big Finance", once again returned to the 1% increase position. The market failed to "switch high and low" and seemed to quickly return to the original market rhythm.

"Holy shit, the 'Big Finance' line, especially the 'Securities' sector and the 'Internet Finance' sector, are so strong. Looking at the trend of these two sectors, they refuse to adjust. The differentiation is over so quickly. "At 11:02, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan stared at the market changes in the two cities with obvious surprise. He was a little shocked and turned his head to look at Xu Xiang and continued. He said, "Boss, looking at this, it should be difficult for 'Big Finance' to adjust downwards, right?"

Xu Xiang stared at the real-time changes in the market of the two cities. He was silent for a moment, nodded, and said: "The active capital flow in the direction of 'big finance' is more rapid than we expected. A lot of funds are not waiting for securities at all." The core stocks within the two sectors of Internet and Finance cleared their profits in the past few days and rushed away. "