Chapter 731: A Holding Strategy that Is Better to Stay Still than to Move!

"The technical divergence is even more exaggerated in the securities sector and the Internet financial sector!" Liu Changling, the fund product trading team leader sitting next to the fund's main control computer, responded, "The entire securities sector and the Internet financial sector index have seriously diverged and blunted. Change, according to the technical aspect, it should have been corrected long ago, but... it continues the upward trend all the way north, even if there is a short-term adjustment, it is basically completed within a day, this kind of explosive The continued short squeeze trend is really eye-opening!”

"In fact, the securities sector and the Internet finance sector are two core popular sectors. Looking at the turnover and volume, there is still a lot of selling on the market." Shao Xiaoyun said, "However, both inside and outside the market, there is a rush to these two core popular sectors, and The active capital groups in the entire 'big finance' main line area are simply increasing rather than decreasing."

Liu Changling nodded slightly and said: "This is a bull market! It seems...as long as the turnover and volume of the two cities are still rising significantly, the securities and Internet finance branches, which are the pioneers of the bull market and lead the rising sectors, will basically not There won't be any decent adjustments.

Looking at the entire market, it is indeed true that only the future expectations and market certainty of these two popular sectors are the strongest at present. Such... With the continuous surge of incremental capital groups to increase their positions and rush to raise funds, it is difficult not to continue to make large profits. rise.

Fortunately, our fund products have decisively continued to increase positions in the 'Securities' and 'Internet Finance' sectors in the past week, causing the position weight of the entire fund product to completely shift to the main direction of 'Big Finance', otherwise... Now we are afraid that we are very passive. "

"Indeed." Shao Xiaoyun smiled and nodded, "Fortunately, I didn't hesitate at the time and actively adjusted the position."

As the two briefly discussed, they were surprised by the market trends of the two cities.

At the same time, they were in the fund product trading room of the same company "Yinghui No. 1" right next door.

As the product manager of the 'Yinghui No. 1' fund, Liu Guanhai was quite surprised by the market trends of the two markets: "At 3300 points, the Shanghai Stock Index was still frustrated and lingered for a while. Now at the 3400 point mark, the Shanghai Stock Index has broken through. There is no sign of pressure at all, which is really surprising. It feels like the more the Shanghai Stock Index rises, the pressure becomes less and less. At the same time, a number of core sectors in the main line areas of "big finance" such as securities, Internet finance, banking, and insurance, etc., are on the market. The trend is becoming more and more consistent.”

After hearing Liu Guanhai's words, Yu Lei, the fund product trading team leader sitting next to Liu Guanhai, stared at the market and responded with a smile: "Once the logic of the bull market is generally recognized by the majority of investor groups inside and outside the market, at the same time, the market's continuous profit-making effect will Then the consistency of the market will become stronger and stronger with the entry of large-scale incremental capital groups into the market. However, I did not expect that the market turnover and trading volume would increase so quickly.

If it hadn't actually happened, it would be difficult for any investor to imagine that the turnover of the two cities would have climbed to 800 billion so quickly, right?

No one would have thought that it would take just over half a month.

The turnover of the securities sector has increased significantly from the previous barely 10 billion to 100 billion, a surge of nearly 10 times. "

"Yes!" Liu Guanhai sighed with emotion, "The volume performance and market trend of the entire securities sector are really exaggerated. In just over half a month, many of its component stocks have generally doubled. Even the super-weighted stock "Huaxin Securities" with a scale of 100 billion has increased by nearly 50% in more than half a month. Its sharp breakthrough trend is really breathtaking. "

Yu Lei continued with a smile: "After one round of bull market baptism in history, everyone knows that the 'securities' sector is the pioneer sector of the bull market. As long as the expected logic of the bull market is generally recognized, the market trend of the securities sector will be a bull market. stage, first the main line sector with the highest certainty.

What's more, market turnover has hit record highs one after another.

Under such intense trading conditions, can the market prices of the securities sector not be exaggerated?

Moreover, there are expectations for the central bank to cut interest rates and reserve requirements in the future. After the opening of the Shanghai-Hong Kong Stock Connect, there will be a large influx of funds from the "southern system" and the continued surge in financing balances.

Under so many expected conditions, I think that in the short term, the market situation of the securities sector will not stop easily, and even a slight in-depth adjustment is unlikely to happen. After all, the market is currently optimistic about this sector and wants cheap chips. There are too many foreign capital groups, as well as active main fund groups on the market who still lack securities chips.

In addition, there are financial groups who already hold chips in the securities sector.

In such a strong market money-making effect and an increasingly clear comprehensive bull market atmosphere, it is obvious that investors will be more and more reluctant to raise money.

This has led to the current situation that the higher the price of the corresponding core component stocks in this sector, the less pressure on the market.

Fortunately, our fund has already laid out its plans in advance, and it can be said that we have reaped the main profits of this wave of market trends. As long as the main line of the market is still focusing on the main line of 'big finance', we don't have to worry too much, and we can maintain static positions. It can significantly outperform the market index. "

"However, looking at today's market situation, under the premise that the core main line of the market focuses on the line of 'big finance', in terms of the internal trends of the two main lines of 'big finance' and 'big infrastructure', it feels that a lot of funds are still doing the 'high-low switching' trend within the main line." Liu Guanhai pondered for a while and said, "Under this pattern trend, the corresponding industry sectors and concept sector index trends in the main fields of 'big finance' and 'big infrastructure' should not stop, but the trends of internal component stocks should be somewhat differentiated.

It is estimated that a number of core hot stocks have already hit the valuation space and stock price height in the past half a month.

The market's long and short divergences will expand to a certain extent.

And other main line lows that did not rise much before and completely lagged behind the rise of the sector index Stocks may have a strong rebound. "

"Although from the market signs, there are some signs of 'high-low switching' within the main line sector. "Yu Lei took over and said, "But, I think, the current market turnover and trading volume, that is, the liquidity of the entire market, is mainly focused on the two main lines of 'big finance' and 'big infrastructure'. The incremental funds flowing into the relevant industry sectors and concept sectors of these two main lines are completely sufficient, even overflowing.

Such abundant liquidity.

Even if the stocks in the two core main lines of 'big finance' and 'big infrastructure' have risen to short-term highs, and their market divergence between long and short positions has increased, such liquidity can fully support the stock price.

In other words, when the flow to 'big finance' and 'big infrastructure' is 'The capital group of the two core main lines.

The overall situation is in a state of excess and overflow.

Even if there is a slight "high-low switching" trend within these two core main lines, the impact on the trend of the corresponding component stocks is not very large.

Take the trend of the securities sector, the hottest core sector in the two cities.

Is the check of "Western Securities" considered to be the leading stock before? In more than half a month, its stock price has doubled.

And the component stocks of "Southwest Securities, Pacific Securities, and Founder Securities".

They are relatively lagging behind the sector's growth, low-priced stocks, right?

Looking at today's market trend, even if the main capital group has given priority to attacking "Southwest Securities, Pacific Securities, and Founder Securities" which are at a low position and low price. These stocks.

However, due to the overall market of these stocks, they cannot fully accommodate the incremental funds pouring into the securities sector.

As a result, the funds quickly overflowed to other constituent stocks.

This also caused the "Western Securities" check to continue to rise by 6 or 7 points at a relatively high level, and it can continue to be stronger than the trend of the core indexes of the two cities.

So I said that even within the two core main lines of "big finance" and "big infrastructure".

There is a certain degree of "high-low switching" trend.

As long as the market turnover and trading volume are still in a rising trend, as long as the active capital flow to the main lines of "big finance" and "big infrastructure" is still in a relatively abundant state.

Then, in fact, there is not much difference between holding strong stocks and weak stocks.

We don't need to actively adjust our positions at this time, which is to adapt to the so-called "high-low switching" market trend in these two core main lines.

As long as our main holding direction.

Staying in the two main areas of "big finance" and "big infrastructure" with the strongest current future expectations, the highest market certainty, and the strongest rush of various active capital groups and off-site incremental capital groups to grab chips, then no matter what, it is easy to outperform the market index.

On the contrary... if we take the initiative to adjust our positions and adapt to the market's "high-low switching" trend.

It is very likely that we will not get excess profits, but easily lose our chips.

After all, when the incremental capital group is constantly flowing, and the funds that follow the trend to grab chips are relatively aggressive and abundant, it is relatively easy to sell, but it is relatively difficult to buy.

As long as we sell the chips, we want to buy them back at the original price. Basically, under the current market situation, it is not realistic.

So, at this time, a relatively reasonable trading strategy.

I think it is better to keep a static position, watch more and move less.

Didn't Mr. Liu see that the group of funds that took the initiative to adapt to and make the market's 'high-low switching' yesterday have lost the chips in the main areas of 'big finance' and 'big infrastructure'?

Among the fund groups that aggressively chased positions today, there must be a large number of fund groups that sold yesterday. "

After listening to Yu Lei's analysis, Liu Guanhai pondered for a while, nodded, and said: "You are right, there are many trading opportunities in the market, and we can't seize every opportunity. Often in trading, if you want to seize every opportunity to earn excess profits in the market, it is easy to pick up sesame seeds and lose watermelons.

As long as the general investment direction is right, you should let the profits run.

In this case, keep a static position and see how far the 'big finance' line can break through under the market's increasingly clear bull market expectations and the market rumors of the central bank's interest rate cuts and reserve requirement cuts, and what kind of space can the valuation of market-weighted stocks reach? "

After saying that, Liu Guanhai turned his attention to the two markets where transactions were fierce.

At this time, the market trading time had reached around 1:30.

After half an hour of intense trading, it became more obvious that industry sectors and concept sectors related to "big finance" and "big infrastructure" led the gains in the two cities.

Moreover, under the concentrated gathering of huge incremental capital groups and active capital groups, they rush to raise funds and follow suit.

The trend of "high-low switching" in the main areas of "big finance" and "big infrastructure" is also becoming more and more obvious.

Although the two major core popular stocks of Yinzhong are still in a continuous upward trend, and the trading volume and trading volume are still in a significant upward trend compared with the previous trading days, but overall, their market performance The growth rate can no longer outperform many low-priced and low-priced stocks in the main field.

Of course, in the fields of popular concepts such as ‘Internet finance’ and ‘sub-new stocks’.

It is still the pattern of ‘the strong always remain strong’.

At 1:32, the turnover of the two cities exceeded 550 billion, once again setting a new high for the same time period in the two cities. At this moment, the A50 index's intraday increase broke through the 3% increase mark. Its index constituent stocks, 46 of the 50 stocks rose in the red market, exceeding a 90% increase rate.

At 1:33, the intraday trading volume of ‘Huaxin Securities’ broke through the 10 billion mark, and the stock price began to gradually trade sideways within the 6.10% to 7% increase range.

At 1:34, the main contract of A50 index futures rose to the 3.5% increase mark during the day.

At 1:35, the daily increase in the securities sector index reached the 5% mark, and within the sector, more than 6 securities stocks had reached their daily limit.

At 1:36, the two most heavily weighted industry sectors, banking and insurance, both rose by more than 2.5% during the day.

At 1:37, the Shanghai Stock Index was hovering near the 2% increase mark.

At 1:38, the steel sector rose by 4.49%, ranking second in the industry sector growth lists in the two cities.

At 1:39, the two heavyweight stocks of 'China South Locomotive and Rolling Stock Corporation' and 'China North Locomotive and Rolling Stock Corporation' all hit the daily limit. At the same time, the 'Central Enterprises and State-owned Enterprises Reform and Reorganization' sector, as well as the 'Non-Public Transportation' sector, They also quickly followed the trend and the corresponding stocks with the same concept exploded higher again.

At 1:40, ‘Hengsheng Electronics’ hit the daily limit.

At 1:41, there were 62 non-one-line daily limit stocks in the two cities, and more than 15 of them were large-cap stocks with a market value of more than 30 billion.

At 1:42, after the Shanghai Stock Index shot up to around 3,450 points, it began to encounter resistance.

At 1:43, after the main A50 index futures contract expanded rapidly to around 3.65% during the day, it also briefly lost the power to rise further. On the market, the main short-selling orders began to increase and suppressed the long orders. , the increase began to fall, and the gap with the increase of the A50 index quickly narrowed. (End of chapter)