Chapter 667 Undecided Selling of Chips!
Among them, there are several core popular stocks that have attracted a lot of attention.
‘Blue Stone Reload’ opened 6.37% higher, almost approaching the 25th intraday height space position set last week.
‘Western Securities’ opened more than 5% higher, with more than 4,300 initial matching orders on the market. At the same time, the stock price once again hit a new yearly high.
‘Flush’ opened high, with 43,000 orders closed.
‘Huaxin Securities’ opened higher at 3.75%. The initial matching orders on the market were close to 8,700 lots. The buying orders chasing the highs are still very strong.
In addition to these popular stocks, the performance of the major core main lines of the market.
In the main line of 'big finance', the securities sector and the Internet finance sector continued to lead the industry sectors and concept sectors in the two cities in the initial stage of collective bidding. Subsequently, the film and television media sector, Internet software, and Internet application sectors in the main line of 'technology growth' ranked second. The securities sector and the Internet financial sector also performed quite strongly after their gains.
After that, main-line related sectors such as infrastructure, military industry, large consumption, non-ferrous metal cycle, petrochemical industry, electric power...
It basically opened slightly higher. At the beginning of the collective bidding in the two cities, it did not show that the main financial groups were paying too much attention and concentrated on raising funds.
"The two cities are opening higher across the board again."
At 9:16, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan saw the hot initial call auction effect in the market and said with emotion: "The recent trend of the market is really strong. Regardless of whether the news is good or not, second When the market opens, bullish sentiment is bound to rise, and it has opened higher for the fifth day in a row!”
"The current market has formed consistent expectations for a bull market." Xu Xiang sat next to him and said with a smile, "It is not surprising to have such a market trend."
"I'm just afraid that going too far is not enough." Zhou Kan said.
Xu Xiang responded: "As long as the volume can still sustain it, and there is room for continued upward expansion, and as long as the financial groups outside the market continue to enter the market to do more, then the market will continue to be short squeezed. In fact, There are no problems, don’t worry too much.”
"Yeah!" Zhou Kan nodded and said, "Looking at the trend of the market, I feel that the current line of 'technological growth' has already turned around. In the past two days, 'Film and Television Media' The three major industry sectors of "Internet Software", "Internet Application" and "Internet Application" are all doing very well, not to mention the "Internet Finance" sector. In a sense, in fact, the "Internet Finance" sector also belongs to It's in the main line of 'technological growth'!
I just don’t know…
As the market of the securities sector extends, the market of the entire "big finance" main line also extends.
Based on the current market volume performance, can it support the breakthrough of the two main lines of 'big finance' and 'technological growth', so that the line of 'technological growth' can also break out of the main line of 'big finance', or be like 'military industry' before? , 'infrastructure' are the two main lines of this trend. "
Xu Xiang thought for a while and said: "Judging from the market's financial attention and the intensity of various funds following suit, the main line of 'technological growth' is indeed picking up, but if you look closely, you will find that funds are in this area. The consistency of expectations and funding in the field are still obviously insufficient.
The line of ‘technological growth’ has rebounded across the board in the past two days.
It was mainly driven by the expected reversal of the stock 'LeTV' and the fundamental changes brought about by Mr. Jia's return.
Just look at the line of ‘technology growth’, the sector areas with core changes, and core stocks.
In the past few days, the core main line has seen frequent changes and strong trending component stocks, mainly concentrated in the three major industry sectors of 'film and television media', 'Internet software' and 'Internet applications'.
These three major industry sectors are basically closely related to the "LeTV" check and a number of core concept stocks in the "Internet Finance" sector.
Others such as 'electronic information', '5G concept', 'Apple concept', 'mobile games', and 'semiconductor concept' are all core concept sectors that belong to the main line of 'technology growth', but their trends do not highlight a complete breakthrough. situation, and there are no traces of the main funds’ successive massive fundraising attacks.
In particular, the ‘small and medium-sized board’ index is strongly related to the main line of ‘technological growth’.
Recently, the small and medium-sized board index has seriously underperformed the Shanghai Stock Exchange Index and the A50 index. Moreover, the performance of the small and medium-sized board index and the A50 index is very different. Sometimes the intraday scissor difference can reach more than 2%.
Looking at these factors…
At present, we can only explain the line of 'technological growth'. It cannot be said that the future expected logic and stock price trends of some strong industry sectors, or corresponding strong core component stocks, are changing from rebound to reversal. The entire main line has such reversal traces.
Taken together, this is the current market performance of the main line of ‘technological growth’.
and foreseeable short- and medium-term market performance.
It will definitely still be significantly weaker than the core main line of the market, ‘big finance’.
Even in the field of ‘Technology Growth’, the core component stocks that have shown some reversal signals, such as ‘LeTV, Netspeed Technology, Light Media, Inspur Information, Huaguo Software…’ and other stocks, as well as the core industry sectors that show reversal signals, such as ‘Film and Television Media, Internet Software, Internet Applications’ and other industry sectors, I am afraid that in the short-term and medium-term market trends, they cannot compare with the market investors’ highly focused and highly concerned about the hot core stocks of the ‘Big Finance’ main line.
In other words, at this time, the ‘Technology Growth’ main line.
is still in the left trading time cycle.
And at this time, since the main position is already on the ‘Big Finance’ line, there is no need to rush to change the trading strategy and take the initiative to trade in the ‘Technology Growth’ main line.
Of course, necessary attention is still necessary.
After all, even if the current chip structure of the main line of "technological growth" has not been adjusted too fully, and the reversal of the entire line has not yet come out, the future expectations of this main line are also continuing to increase. When the winds of the two major investment outlets of mobile Internet and smart phone industry chain are still blowing fiercely, the reversal of this main line, with an obvious main upward trend, will happen sooner or later in the bull market.
It is very likely that after the "big finance" line begins to realize some positive expectations and the stock price is temporarily hyped to a high platform with huge long-short differences.
Many active capital groups in the market will further move from high to low.
It is possible to continue to hype the two major concept outlets of "mobile Internet" and "smart phone industry chain" as last year.
In general, it is okay to pay attention at this time, but there is no need to adjust the position aggressively. "
After hearing Xu Xiang's analysis, Zhou Kan pondered for a while and finally had a full understanding of the market changes of the 'Technology Growth' line. He responded with a smile: "At present, the best investment direction in the market is definitely the 'Big Finance' direction. I just have some logical doubts about the strong rebound of the 'Technology Growth' line in recent days... But now after hearing the boss's analysis, the logic is much clearer. ”
With the brief exchange between the two people and the analysis of the market situation and the disk.
Unconsciously, the market trading time has quickly entered 9:20 and entered the real call auction stage where orders cannot be withdrawn.
After five minutes of initial call auction.
At 9:19, after many false pending orders were withdrawn, the market situation of the two markets presented was basically the same as at 9:15.
Of course, although the high opening range of many stocks, as well as the high opening range of various industry sectors and concept sectors, has not changed much, the changes in the matching and delivery orders of individual stocks are drastic. The volume of the proposed matching and delivery orders presented on the disk of many stocks at this moment is several times that of the time at 9:15, and as the market trading time goes on, It is still expanding.
Such a rapidly expanding volume of matching orders.
On the one hand, it can be said that the market has sufficient liquidity and the strong attitude and enthusiasm of accepting orders.
At the same time, on the other hand, it can also be said that with the continuous surge in many popular core stocks, when the stock price reaches a medium- and short-term high, especially when some vague positive expectations have not been clearly fulfilled, or when the expectations can be clearly understood, the differences on the market are also increasing synchronously.
At 9:21, the stock price of ‘Tonghuashun’, which had originally closed the daily limit and formed a one-line board initial opening situation, began to gradually decline from the daily limit. At the same time, on the market, the orders to be matched were also rapidly expanded step by step with the fluctuation and decline of the stock price, increasing to more than 25,000 lots.
At 9:22, ‘Xi The share price of ‘Bu Securities’ fell back to around 3.8%. At the same time, the share price of ‘Huaxin Securities’ also fell back to around 2.5%. In addition, as the share prices of the two stocks fell, the number of orders to be matched on the market continued to surge.
At 9:23, the share price of ‘Tonghuashun’ fell back to around 7% and began to fluctuate back and forth. At the same time, the number of orders to be matched on the market further expanded.
At 9:24, the share price of ‘Lanshi Heavy Equipment’, a ‘big monster stock’, also gradually fell back, and the number of orders to be matched was also more than 3 times that of 9:15.
At the same moment, when the share prices of these popular stocks with high market attention fell one after another.
In the entire two markets, a number of core concept stocks that hit the daily limit yesterday, as well as the core component stocks of the major main lines, and even The corresponding sector indexes also followed suit and fell back.
And in the last dozen seconds before 9:25.
On the trading boards of various popular stocks, the number of orders to be matched was further enlarged. The number of stocks in the two markets fell from more than 1,800 at 9:15 to more than 1,500. The extreme market speculation and the rush to buy stocks that were originally hot at the beginning of the call auction obviously fell back.
Finally, when 9:25 arrived, the call auction ended in the two markets.
The Shanghai Composite Index finally settled at a 0.43% increase. The Shenzhen Composite Index and the ChiNext Index opened higher by about 0.35%, while the A50 Index opened higher by nearly 1%, which was still much stronger than other core indexes in the market. On the contrary, the relatively weak SME Index opened almost flat.
Among them, among the nearly 2,000 stocks involved in the two markets.
At this moment, the stocks that are showing a flat opening or a slightly lower opening are mostly from small and medium-sized marginal concept stocks.
In addition to the index performance, the hot main lines of the two markets.
In the main line of ‘big finance’, the securities sector and the Internet finance sector still maintain a continuous strong state, leading the market industry sector and concept sector, one opened 1.05% higher, and the other opened 0.93% higher, basically mostly outperforming the market index.
Of course, compared with the securities sector and the Internet finance sector.
The insurance and banking sectors, which belong to the main line of ‘big finance’, are obviously not so strong.
The opening range of these two major sectors is only slightly stronger than the Shanghai Composite Index, one opened 0.49% higher, and the other opened 0.52% higher.
In the main field of 'Technology Growth', the main capital undertaking force is still around the three major industry sectors of 'Film and Television Media, Internet Software, and Internet Applications', which have played a significant money-making effect in this field yesterday, and the increase of these three industry sectors is second only to the securities sector.
Among them, the 'Film and Television Media' sector performed particularly well, with a high opening rate of 0.91%.
As for other main fields such as 'Big Consumption', 'Nonferrous Cycle', 'Petrochemical', 'Infrastructure', 'Military Industry', and 'Pharmaceutical Commerce'...
Except for 'Military Industry', under the influence of the high opening trend of 'Bluestone Heavy Equipment', the 'big monster stock'.
It opened at 0.63%, forming a significant strong high opening trend.
The rest of the major main lines, as well as their related industry sectors and concept sectors, basically fluctuate with the index, without independent trends, and there is no sign of the main capital group, concentrated and explosive to undertake the main attack.
Overall, this opening situation of the market.
Compared with the extremely hot emotional reaction before the market or at the beginning of the call auction, it is a bit lower than everyone's expectations.
Originally, before the market or at the beginning of the call auction, everyone expected that the Shanghai Index would at least open higher by more than 1%. At the same time, the securities sector and the Internet finance sector, the two major market investors' attention, and the most active main funds in the market, could at least open higher by 1.5% to 2%.
However...
According to the final market opening results, all these expectations were dashed.
And such a market call auction trend performance, while everyone's expectations were slightly lost, also shows that the index has been rising continuously and rising for many days, especially in the securities and Internet finance sectors, where the continuous rise has been continuous. At this position, the desire of profit-taking funds to sell and stop profits, as well as the potential short-selling forces such as the hidden selling funds and the accumulated historical lock-in funds, have begun to be unbearable, and have begun to sell their chips, suppressing the market to continue moving forward.
In other words, the market has just reached this position and has begun to touch strong upward pressure.
The divergence between long and short positions has become serious again.
"Today's call auction volume performance has expanded a lot compared to yesterday. At the same time, the performance of long and short positions in today's entire call auction process is also the opposite of yesterday." At 9:26, in Yuhang, Yuhang Investment Company, in the main fund trading room, Li Meng observed the overall market call auction results and the opening performance of the corresponding hot stocks, and smiled at Su Yu, "The gradually weakening call auction trend is obviously lower than the expected opening result, which indicates that the market's long and short divergence has increased at this position.
It seems that the market has officially opened, After entering the continuous auction trading period.
At least in the 10 minutes after the opening, the two markets will be subject to a wave of fierce selling.
At the same time, many high-priced stocks today may have a larger fluctuation range, and the market volume performance may be more intense than yesterday. "
"This is normal." Su Yu took over the conversation and said, "The 3000-3200 point range of the Shanghai Composite Index is a relatively heavy historical locked-in area, and the index has never reached this area in the past few years. Even if the bull market expectations are increasing, I believe the market has entered the bull market stage. There are many investors in this period, but the selling pressure is still very high.
Another reason is human nature.
For the majority of retail investors, it is difficult to resist selling the chips that have been trapped for several years once they are released.
There are also retail short-term funds that intervened a few days ago. After holding a certain profit, it is difficult for them to resist selling when they see the index fall under pressure.
Therefore, from the perspective of the overall chip structure, it is completely understandable that the index encounters a long-short divergence here.
In fact, getting rid of some of the profit-taking chips and some of the unsteady holding chips here is good for It is a good thing for the continued development of the market.
The bull market pattern has been formed, and a large amount of incremental funds are still rushing to enter the market.
Even if there are violent fluctuations on the market, it will not affect the trend.
We... just hold our positions calmly and watch the show slowly. At this time... standing still is the best trading and investment strategy. "
"Yes!" Li Meng nodded, "As long as the volume is still growing, everything is not a problem, and it is estimated that even if the index is under pressure at the beginning of the session, it is estimated that it will be difficult to fall into the water under the strong buying support."
The two of them discussed briefly.
Soon, 9:30 arrived, and the two markets entered the official trading period of continuous bidding.
The two markets, which had been stagnant for a short time, just began to jump.
After just five minutes of emotional brewing, as Li Meng and Su Yu expected...
A large amount of on-site holding funds, after noticing that the opening was lower than expected and many stocks showed a divergence of long and short positions with large volume and stagnation, sold them at the beginning of the trading session.
Almost in an instant.
The top five core hot stocks in the market, Lanshi Heavy Equipment, Western Securities, Tonghuashun, Huaxin Securities, and Hengsheng Electronics, all exploded rapidly and fell.
Especially the check of "Lanshi Heavy Equipment".
It fell straight from a large opening to near the flat price in one breath, and within one minute, it swallowed up all the gains from the high opening.
And under the performance of these core hot stocks, all of them were rapidly exploding and diving.
The core hot stocks and weighted component stocks in the main line of "technological growth"; the hot concept stocks in the fields of "big consumption" and "non-ferrous metal cycle"; the hot concept stocks in the fields of "military industry" and "infrastructure"; and the concept stocks in the hot concept fields of "new stocks" and "sports industry development".
For a while, they also ushered in extremely violent diving trends.
Countless groups of funds with unsteady positions sold at the beginning of the session.
And under the concentrated selling of these funds, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index also fell sharply within one or two minutes at the beginning of the session, recovering the gains of the high opening. Among them, the ChiNext Index fell into the water in an instant, from an upward state to a slightly downward state. (End of this chapter)