Chapter 808: Concentration of Money-Making Effects!
"More than that." Lin Tingzong continued, "Currently, the accumulation of short- and medium-term profits in the entire market is very serious. If the opening position is too high and the index directly hits the expected position of many people in one breath, then these accumulations will The short and medium-term profit orders will definitely come out in droves.
Although the current market is still in a process of continuous improvement in terms of volume and energy performance.
And it has gradually approached the trillion-dollar turnover mark.
However, the concentrated outflow of profit-making orders will still cause great short-term upward pressure on the market.
Once the index is suppressed by profit taking in the short-term trend and suffers a relatively large rout, then the current consistent bullish expectations and the hot bullish sentiment will gradually move towards exhaustion, thus affecting the subsequent market trend. This creates a further suppressive effect.
Therefore, the market continues to fluctuate upward along the upward trend line.
This is the most reliable way to rise.
During this period, once the index continues to rise sharply, it is really not far from a trend change and a change in form. "
"According to what you said...there shouldn't be relatively big risks in the market at present, right?" Gu Chijiang heard Lin Tingzong's analysis, and felt a little worried in his heart, and asked, "Our company's two main fund products, Does the current position strategy need to be adjusted immediately?”
Lin Tingzong thought for a while and said: "There are no signs of exhaustion in market sentiment, and the core main lines of the market, such as 'big finance', 'big infrastructure', and 'military industry', are still leading the market to rise. Active capital groups in various markets , and with these core main areas still fully converging, we don’t have to rush to change our trading strategies.
After all, the market trend is in this steep upward trend.
Even if it peaks in the short term, it will be a process and will not be completed in an instant. After all, although the current accumulation of profit orders in the market is serious, there are still a lot of continuous buying orders.
And as long as the market conditions change, there will be time and space.
So with the size of our company's two main fund products, it is completely late to reduce positions and stop profits and exit when the market shows signs of trend change.
After all, with the size of our fund, we don’t need to pay too much attention to market liquidity. "
"That's true." Gu Chijiang nodded slightly, and the trace of worry in his heart gradually let go.
Currently, the total scale of the two main fund products managed by their company has not reached tens of billions. This size... Under the current liquidity of the two cities with a turnover of close to one trillion, if they really want to reduce positions and stop profits on a large scale , basically it can be completed in one day.
Therefore, there is no need to predict the subsequent market trend too far in advance and make early responses to reduce positions and take profits.
"At which point do you think the market's bullish sentiment may decline significantly?" After a pause, Gu Chijiang asked again, "At which point will the market's rising trend of continuous short squeeze change? In the current market... everyone expects the Shanghai Stock Index to hit 4,000 points this time, do you think it is possible?”
Facing Gu Chijiang's question, Lin Tingzong thought for a moment and responded: "In the current market, the long sentiment and investment confidence of the investor group are very radical, and the bull market pattern of the market has already attracted a large number of investments from the market. generally recognized by the community.
In this case, as long as the market still has a relatively hot money-making effect.
There are also a large number of off-site incremental capital groups entering the market on a large scale.
Then, market investment sentiment will not change much.
Unless there is a sudden and extreme bad news hit in terms of macro news, there may be a sudden crisis and a reversal in market investment sentiment.
And what is currently expected...
Whether it is external market trends or news, whether it is domestic macroeconomic trends or regulatory authorities' willingness to move the market, they are basically developing in a continuously positive direction, and regulators are still protecting the market from time to time. The long sentiment and long atmosphere.
In other words, extreme negative impacts on the news will probably not occur in the short to medium term.
When external factors cannot affect the emotional changes in the field, it depends on the emotional changes caused by internal factors.
That is to say, it depends on the capital game within the market, which may lead to changes in market conditions.
From the current point of view, after the Shanghai Stock Index has fully exceeded 3,000 points, there is no obvious adjustment trend with both time and space in the continuous short squeeze and rise in the past month. In other words, there is a large accumulation of short- and medium-term gains in the market. Profits and unwinding have basically been accumulated since the Shanghai Stock Index broke through 3,000 points.
Among them, there is no shortage of large institutional capital of hundreds of billions like the 'Yu Hang Group'.
Once these main funds intervene early, have a greater cost advantage, and make huge profits, they generally begin to reduce their positions and take profits, reaping market profits.
Then, the chip structure that has maintained the index's continuous short squeeze and rise during this period will inevitably loosen.
This leads to changes in market trends and a decline in the overall money-making effect of the market.
And when will these main capital groups, that is, the large-scale profits that have been accumulated in the market, take profits?
If the internal and external news is good, the economic fundamentals are also good.
Then, these funds will only take profits on a large scale when the short- to medium-term stock price trends, as well as many core popular stocks, meet the expectations of fundamental changes, and when the stock prices fully fulfill their inner expectations.
There is also the settlement cycle mark of net worth at the end of the year, and many funds will take profits to stop profits.
Therefore, as far as I predict, the market conditions may experience greater fluctuations and adjustments during the mid-December and next inquiry time periods.
Moreover, in December, wasn’t it rumored that the central bank would also take measures to shift monetary policy?
Let’s see when this big news rumored by the market will be implemented.
If this piece of good news comes out early before mid-to-late December, maybe... the market adjustment will come early.
After all, the current main line of "big finance" is supporting the all-round surge.
The most important expectation factor is brought about by this blockbuster good news. Everyone expects the central bank to cut interest rates and reserve requirement ratios, and expects that macro monetary liquidity will shift to a more abundant environment. This is why they are frantically rushing to raise funds and make orders.' The corresponding core chips of Big Finance's main line.
If this piece of good news comes to fruition.
In the short to medium term, the 'big finance' line will lose its rapid upward momentum.
After all, once the big news comes to fruition, it will turn out to be bad news.
Many lurking capital groups who have achieved their expectations will definitely take advantage of this wave of major gains to sell chips on a large scale and quickly reap profits.
As for whether the Shanghai Stock Index can continue to rise and touch the 4,000-point mark in this wave of comprehensive short-squeezing upward trend of the Shanghai Stock Exchange Index.
I think...it's quite difficult.
Although after the Shanghai Stock Index officially crossed 3,500 points, the upward pressure was not as great as before under what everyone generally believed was a comprehensive bull market pattern.
However, after the index continued to rise and the active funds on the market continued to accumulate.
At this time, the entire market moves to the right.
Basically, the slightly active market investor groups should have already entered the market and gone long.
In other words, there are not as many new investors entering the market as before who can provide new incremental funds to the market.
Before there is a complete transformation in macro monetary liquidity.
It is foreseeable that the market's turnover growth rate will definitely slow down.
In fact, the recent market turnover performance and increasing rate are no longer as rapid as before.
In addition, the Shanghai Stock Index is currently about 13% away from the 4,000-point position. With such a distance... it is impossible for a group of funds that have accumulated large-scale profit taking and unwinding to hold back on locking positions. There are still many groups of funds that need to liquidate their net worth at the year-end mark, which will also lead to a sharp decline in the overall liquidity of the market.
In short, there is no expected huge new increase to support it. The probability that the Shanghai Stock Exchange Index will hit 4,000 points quickly without adjustment in time and space is not high.
At this stage, we cannot have too high expectations.
There should be no mentality of not reducing positions and taking profits if the Shanghai Stock Index does not reach the 4,000-point mark. "
"If you put it like that, I understand." After listening to Lin Tingzong's analysis, Gu Chijiang was completely confident and had complete expectations in his heart, and said with a smile, "Then let's keep the static position first, and look at this How far can the Shanghai Stock Exchange Index reach? Once the bullish strength is exhausted and the upward short-squeezing trend of the Shanghai Stock Exchange Index begins to gradually flatten out, we will close as soon as the situation is good and quickly carry out profit-taking operations on the stocks we hold.
In fact, according to our original expectations.
At present, the net value performance of our company's two main fund products has exceeded original expectations, which can be regarded as an explanation to the investor groups who trust us.
Since the year-end mark is approaching, there is a high probability that the market will fluctuate with large amplitudes, and the market situation is difficult to predict.
Then it would be a better choice for us to retreat at the right time. "
"Yeah!" Lin Tingzong nodded, thought for a while, and continued, "Actually, the capital volume of our two fund products is not large. Under the current market liquidity, rapid capital adjustment will not affect individual stocks too much. If Mr. Gu wants to earn the last wave of excess profits in the market, we can still adjust positions appropriately and reduce the relatively weak stocks in our fund holdings, so as to concentrate them in the 'large Financial's main line weights for popular leading stocks are up.
Generally, the market is at the end of a rising market.
When the main line market trend begins to diverge, the leader can create higher space height and stronger profit-making effect.
I see that in the past two days, the main financial groups in the entire market, as well as the active short-term and medium-term financial groups, have been concentrating on 'big finance', 'big infrastructure', 'military industry', 'sub-new stocks', and 'film and television media'. Popular leaders in several core main line areas continue to gather to make deals.
I think...this should be the beginning of the divergence of the market's main trend. "
"Okay!" Gu Chijiang nodded, fully trusting and agreeing with Lin Tingzong's proposal, and said with a smile, "If you say it's okay, then that's okay."
After saying that, he asked Lin Tingzong to instruct all the traders in the trading room to immediately change the effect trading strategy.
As Lin Tingzong ordered traders to change their trading strategies.
At this time, the trading time of the two cities has reached 9:25, and the collective bidding of the two cities has ended.
I saw the entire collective bidding process lasted for ten minutes.
The final market situation of the two markets...
The Shanghai Composite Index opened high and fixed at a 0.59% increase, barely touching the highest point set in yesterday's intraday trading, and did not continue to leave a gap; the Shenzhen Composite Index and the ChiNext Index opened 0.42% and 0.38% higher respectively, still weaker than the Shanghai Composite Index; as for the SME Index and the A50 Index, one opened 0.29% higher and the other opened sharply higher at 0.93%.
Through the high-opening core indexes of the market, it can be seen that the main market trend is still in the direction of the main board, or in the direction of the main board's weighted stocks and blue-chip stocks.
Of course, it can also be said to be in the direction of the weighted main line of "big finance".
After all, among the constituent stocks of the A50 Index, the constituent stocks with the largest weight are the weighted stocks in the main field of "big finance".
There is a certain overlap between the two.
And this is also the reason why the A50 Index has been so strong since the outbreak of the main line of "big finance".
In addition to the performance of several core market indexes, the two cities' popular main lines, as well as the performance of industry sectors and concept sectors.
There is no doubt.
In the field of the main line of 'big finance', the relevant industry sectors and concept sectors still show the form of leading the two cities.
Among them, the 'Internet finance' sector index opened high at a 1.63% increase, continuing to exceed the expectations of the majority of investors before the market for the performance of this sector; the 'securities' sector index opened high at a 1.29% increase. Compared with the beginning of the call auction, although it has fallen back a lot, it is still strong; the two major weighted sector indexes of banks and insurance opened high by 0.98% and 0.92% respectively, and both outperformed the strongest A50 index.
After the performance of the main line of 'big finance', the two core main lines of 'big infrastructure' and 'military industry' are still.
In the field of 'big infrastructure'.
The two major industry sectors of "building decoration" and "building materials" opened with a rise of about 1%, while other industry sector indexes such as "steel", "commercial real estate development", "public transportation", "machinery and equipment", and "non-public transportation" also opened higher by more than 0.6%, outperforming other major market indexes except the A50 index.
Among them, the concept sector related to the main line of "big infrastructure".
The core concept theme sector indexes of "New Era Road, Maritime Silk Road", "Reform and Restructuring of Central Enterprises and State-owned Enterprises", "Shanghai Free Trade Zone", and "Eurasian Economic Belt" also opened higher by more than 0.7%, continuing to show a strong trend.
As for the main line of "military industry".
The industry sector index of "national defense and military industry" opened higher at 0.79%, still outperforming the Shanghai Composite Index.
The related concept sector indexes such as "military industry concept", "Beidou navigation", "domestic aircraft carrier", "military-civilian integration", etc., opened higher by 0.7% to 0.9%.
The two main lines of "new stocks" and "film and television media" that performed equally well before.
The "new stocks" sector index opened higher at 0.68%, showing a slight decline, especially the new stocks that hit the ceiling and floor yesterday. Today, it is basically a "soul-breaking knife" killing trend, which casts a shadow on the hype sentiment of this sector.
The "film and television media" sector index opened higher at 0.78%, second only to the "national defense and military industry" industry sector index.
Although its overall performance is weaker than the three major core lines of "big finance", "big infrastructure" and "military industry", it is obviously stronger than the main lines of "mobile Internet", "smartphone industry chain" and "big consumption", and it also gathers some money-making effects.
And the main line areas such as 'mobile Internet', 'smartphone industry chain', 'big consumption', etc.
And the major industry sectors and concept sectors related to them.
Although most of the industry sectors and concept sector indexes have also achieved a high opening in the red market, they have basically underperformed the high opening gains of the major market indexes. There is a profit effect, but not much.
As for the marginal main line areas such as 'non-ferrous cycle', 'coal', 'petrochemical', 'animal husbandry', 'pharmaceuticals', etc.
The related industry sectors and concept sectors basically maintain a slightly red market, or a flat opening or a slightly lower opening trend.
These marginal main lines are still the weak market performance areas in the entire market.
At the same time, the concept sectors like 'ST sector' and 'shell resources' appear to be even weaker in the case of the market IPO in full swing, and basically have a downward trend against the trend with occasional rebounds.
In addition to the performance of these industry sectors and concept sectors in the two cities.
The performance of a number of popular stocks ranked in the top 20 and 30 in terms of investor discussion and attention in the two cities that the majority of investors are most concerned about.
The most popular stock, ‘Bluestone Heavy Equipment’, opened at a 4.21% increase, and the trading volume during the entire call auction process reached 32,000 lots, which can be said to be a substantial increase in volume. The divergence on the market once again reached a serious level, and the long and short trading was extremely fierce.
The opening of ‘Huake Shuguang’ today exceeded that of ‘Lanshi Heavy Equipment’, opening at a 5.11% increase, and the trading volume in the call auction was also significantly reduced compared with ‘Lanshi Heavy Equipment’. The overall chip lock and the market long-short divergence were better than ‘Lanshi Heavy Equipment’. It seems that the two big monster stocks have undergone another change in the trend pattern and the leading pattern.
After all, just based on this opening pattern.
The subsequent market development potential of ‘Huake Shuguang’ is obviously better than that of ‘Lanshi Heavy Equipment’.
‘Tonghuashun’ opened at a 2.01% increase, slightly stronger than the performance of the ‘Internet Finance’ sector index, but weaker than other core hot concept stocks in the same sector, and the trading volume in the call auction stage was also very large, and the market long-short divergence was relatively fierce.
The check of ‘Dazhihui’ opened at a 7.09% increase, with a sign of continuing to rise.
‘Huakejincai’ also opened sharply higher at a 5.36% increase.
‘Shanghai Steel Union’ opened sharply lower at the last time point of the call auction, and finally opened only 1.89% higher, with a bit of a strong-to-weak market pattern.
‘Jinzheng Shares’, ‘Yinjie Technology’, ‘Dongfang Fortune’, ‘Hengsheng Electronics’… these popular stocks in the ‘Internet Finance’ sector basically opened between 2% and 4%, generally stronger than the increase of the ‘Internet Finance’ sector index, and the market attention and discussion of these stocks are also continuing to rise.
‘Huagong International’ finally opened higher at a 3.11% increase, which is still very strong compared to other large-cap stocks with heavy weights.
‘Huaxin Securities’ opened higher by 1.49%.
‘Huaguo Construction’ opened higher by 1.27%.
‘Huaguo Zhongye’ opened 2.17% higher; ‘Huashang Securities’ opened 1.18% higher; ‘Huatou Capital’ opened 1.67% higher; ‘Western Securities’ opened 1.49% higher…
Overall, the top 30 hot stocks in the two cities’ popularity rankings.
Except for one or two stocks that were directly hit by negative news, the others basically opened higher in the red market, and the money-making effect of these hot stocks is still overwhelming.
In addition, for the funds that took over these hot stocks during the trading session yesterday.
Today, they also gave more or less a certain premium, which can allow the short-term funds that took over these hot stocks to leave safely.
Facing such an opening situation in the two cities…
The vast investor groups inside and outside the market, as well as the main institutional groups of all parties who pay attention to the market, are still relatively excited.
In addition, although the major indexes, major industry sectors, and concept sectors
Compared with the market performance at the beginning of the call auction of the two markets, that is, before 9:20, the market has fallen back a lot, but as far as the opening result is concerned, it is still obviously beyond everyone's expectations for the opening of the market before the market, and everyone always feels that as long as a group of popular stocks do not show obvious loss effects, and the profit effect is still there, then there is no problem with the market of the two markets.
"Haha, high opening, high opening again!"
When the time turned to the short trading break from 9:25 to 9:30, at this moment, among the group of retail investors gathered in the stock discussion area of the trading platform, some people stared at the market of the two markets after the call auction, showing a bright smile, laughing and predicting: "There is no doubt that today's market will definitely be a big positive line breakthrough trend again." (End of this chapter)