Chapter 782: Select the Best From the Best and Hold Shares in a Centralized Manner!

"It really opened up sharply!"

Seeing that most of the more than 2,000 stocks in the two markets opened high in the initial stage of the call auction, at 9:16, in the main fund trading room of Yuhang and Yuhang Investment Company, Wang Can, who was focused on the changes in the two markets, couldn't help but sighed: "Once the market broke through the 3,500-point position, it felt that the market outbreak became more unstoppable."

"The initial call auction status of the market doesn't mean anything." Next to Wang Can, Zhao Lijun, who was also closely following the changes in the two markets, couldn't help but say, "Today's market opened high, which should be expected. After all, the external market rebounded across the board last night, and the regulatory authorities continued to release good news to the market to stimulate the entire market. The pre-market sentiment is very good. In this case, if the initial call auction pattern of the market cannot generally open higher, then there is obviously something wrong with the market trend. "

Wang Can smiled and said: "I know that looking at the market pattern at this moment alone does not mean anything, but it is obvious that after the Shanghai Composite Index has fully broken through 3,500 points, the bullish sentiment of the entire market and the expectations for the future market, as well as the expectations of the majority of investors, can still be felt to be significantly different from before.

Moreover, from the initial call auction of many core hot stocks and industry weight stocks in the current market.

The main buying and selling orders that have emerged at this moment do not seem to be false orders.

Looking at this pattern, the Shanghai Composite Index has a strong momentum in the core themes of "big finance", "big infrastructure" and "military industry". Supported by the market, it is likely to open higher in the range of about 0.7% to 1%. Maybe it can directly surpass the annual high just hit yesterday, and create a gap at this position. "

"Don't open like this." Hearing Wang Can's optimistic idea, Zhao Lijun hurriedly said, "At this position, if the Shanghai Composite Index really opens sharply higher and leaves a gap, it may not be a good thing. After all, at the position of 3500 points, there is still substantial selling pressure.

Originally, according to the technical form of the market.

The Shanghai Composite Index is between 3400 and 3500 points, and the oscillation time is not enough.

That is, the short-term and medium-term profit-taking and historical locked-in positions accumulated near the pressure point of 3500 points, as well as the recent unwinding positions, are not here. In a period of time, the market has been fully changed and cleared, that is to say, these pressures still exist at present, but due to the stimulation of various favorable factors, the large amount of incremental funds pouring in from the off-site market, and the concentrated bullish forces that have gathered, have temporarily overwhelmed the pressure of the market, causing the Shanghai Composite Index to quickly break through the suppression of 3500 points.

But this does not mean that the Shanghai Composite Index has solved all the selling pressure of 3500 points.

If the Shanghai Composite Index quickly jumps up in this case... then these profit-taking, locked-in, and unblocked chips that have not been sold in time will quickly and concentratedly surge out, thereby causing greater upward pressure on the market, or directly suppressing the upward bullish forces.

In my opinion...

At this time, the market is truly reasonable and long-term.

It is still more stable to climb up slowly in small steps, continue to change hands, and continue to clear the corresponding pressure of 3500 points.

If the attack is too urgent, it will continue to force a big rise.

On the contrary, it will consume the long forces in the market very quickly, and then breed short forces rapidly.

Once the potential short forces overwhelm the long forces in the market, then under the concentrated selling of potential short chips such as short-term profit-taking, locked-in, and unblocking.

It is possible that the market will see an extreme adjustment trend soon.

In other words, the more urgent the Shanghai Composite Index attacks at this time, the greater the probability of an extreme plunge like that on November 10.

Of course, the market situation has developed to this point.

No one can control how the market situation will go and how it will evolve.

As an investment institution, all we can do is to follow the changes in the market and the development of trends, constantly make corresponding changes in trading strategies, and constantly adapt to the changes in the market situation and trends. ”

“Manager Zhao is right. "Hearing Zhao Lijun's analysis, Zhu Tianyang nodded and couldn't help but say, "The Shanghai Composite Index has just passed an important pressure point. At this time, facing the unresolved pressure of the important index point, it is indeed not possible to attack too hastily, otherwise the chip structure will become very unstable, which will naturally lead to the concentrated selling of potential short-selling forces in the market.

But I think..."

When Zhu Tianyang said this, he subconsciously paused, and then continued: "At this time, the trend of the index and the specific main line market performance can still be viewed separately. If the index attacks too hastily, there may be a relatively extreme and huge amplitude adjustment.

However, as the core of the market development, the 'big finance', 'big infrastructure', and 'military industry' are the main lines.

Especially the 'big finance' line.

At this position, I think it still has the trend of continuous rapid progress and continuous short squeeze.

After all, after the Shanghai Composite Index completely broke through 3,500 points, the bull market pattern of the entire market has been basically determined, and the views of the vast majority of investors in the market on the bull market have basically tended to be consistent.

Since the bull market pattern is basically determined.

As the main line of the bull market pioneer market, the "big finance" main line has a higher certainty of market development and room for market development.

At the same time, the Jedi reversal of the peripheral market last night also cleared the haze of the global financial market in the past few days.

The trend line of the US stock market was broken and then established, and it returned to the continuous bull market pattern.

This will also further stimulate the enthusiasm of investors in the global financial market, thus forming a better guiding role for our domestic market.

There are also rumors in the market that the central bank will cut interest rates and reserve requirements in December.

At present, it is becoming more and more clear.

These various heavyweight positive factors are continuously stimulating the investment logic and hype of the "big finance" main line itself.

Coupled with the rapidly increasing market turnover and the crazy and continuous increase in the financing balance of the two cities, the performance expectations of the "big finance" main line are also rising.

In this situation, this big main line basically has no motivation to fall.

What's more, with the liquidity of market funds becoming more and more abundant, facing such a certain investment opportunity, the large number of new incremental funds entering the market will inevitably choose the core component stocks and leading stocks related to the main line of "big finance" first, and increase their positions and grab stocks.

So, I think...

No matter whether the market adjusts or not, we should continue to have confidence in holding positions.

Continue to follow the general strategy and guidelines that General Manager Su explained before leaving, maintain the operation of the fund's dynamic high-level positions, and continue to let profits run without considering too much about risks. "

"The sustainability of the market of the "big finance" line is definitely no problem at present." Liu Yuan took over and said, "The key is the two core main lines of "big infrastructure" and "military industry". Should we continue to adjust the position structure and increase the corresponding hot stocks according to the concept of "the strong will always be strong" of these two main lines, so as to grab more market excess profits, which is what we should consider at present. "

"My suggestion is to maintain a static position, which is better. "Zhao Lijun saw Liu Yuan raise questions, thought for a while, and responded, "First of all, judging from the current market trends, it is obvious that the core theme of 'big finance' is undoubtedly the strongest hot theme in the two cities.

And the two core themes of 'big infrastructure' and 'military industry'.

Although its basic logic is still there, and in the macro sense, there are still potential positive news that have not been released, and at the same time, its related industries are indeed undergoing fundamental changes.

But due to these two main lines, the previous rise has indeed been in advance for more than half a year.

Its current overall valuation level and the relative position of the stock price are significantly higher than the expected stronger and more certain 'big finance' main line.

In addition, we currently have a lot of chips to turn around the 'infrastructure' and 'military industry' main lines.

Therefore, I think it is still very reasonable to continue to maintain the 'big finance' main line chips accounted for 50%, the 'big infrastructure' and 'military industry' two main lines chips accounted for 30%, and the other branch market hot stocks accounted for 1.5% of the chips structure.

If we follow the overall strategy of "the strong will always be strong, the weak will be eliminated and the strong will be retained", we should continue to optimize the structure of holding chips.

I have established that under the condition of slightly adjusting the proportion of individual stock holdings, it is better not to change the overall proportion of the main line chips. "

"Yes, I also agree with the internal adjustment of the main line, rather than the overall adjustment." Wang Can heard what Zhao Lijun said, responded quickly, nodded and said, "The market situation is changing, and the stocks with the best investment cost performance are changing. The necessary internal adjustment of the main line is still necessary. "

"Guobing, what do you think?" Hearing the discussion of several people, Li Meng, the general manager in the trading room, thought for a moment, but did not immediately express his thoughts, but looked at Zhang Guobing who had not spoken yet, "How do you understand the trend changes of the current market situation? "

Zhang Guobing saw Li Meng asking a question, thought for a moment, and responded: "I agree with Manager Zhao's opinion. In fact, the scope of holdings of several of our main fund products and the individual stocks held are relatively wide, and the holdings are relatively dispersed.

Whether it is 'big finance', the core theme with the strongest performance in the current market.

Or 'big infrastructure' and 'military industry', the two core themes of the market with relatively lower performance.

After such a long period of continuous market development and the concerted efforts of the corresponding undertaking funds, the strength and weakness of the corresponding core component stocks have been very clear.

I think we want to grab more market excess profits.

In the development of these core themes in the market, if we want to gain more benefits... then it is still necessary to further concentrate positions and eliminate some marginal stocks that are difficult to outperform the current market index regardless of whether they rise or fall, and are also difficult to be unanimously recognized by the main fund groups in the market. "(End of this chapter)