Chapter 822 The Market Differentiation Is Gradually Becoming More Obvious!

Xu Xiang thought for a moment and replied: "It should be unlikely. The current attitude of the regulatory authorities is to invigorate the market and stimulate the development of the bull market trend, rather than to suppress the market conditions. Therefore, at this time, the 'national team' on the field, There is no motivation to actively reduce holdings.

Moreover, if it is true that the main capital of the 'national team' is reducing its holdings on a large scale, it will exit.

The leading stocks in securities, banks, and insurance, which are also the core holdings of the "national team"'s main capital, should not have the same market fluctuations.

Therefore, this stock reduced its holdings on a large scale and suppressed the main funds of the market.

There is a high probability that it is not the financial group of the ‘national team’. "

"Who could it be?" Zhou Kan thought for a while and said, "Judging from the market traces of many stocks, the amount of funds secretly reducing holdings should be very large, and the range of individual stocks held is very wide, and It’s not limited to a certain stock, or a few stocks.”

"Although it is not limited to a certain stock, or a few stocks are selling, but..." Xu Xiang paused and continued, "It can be seen from the market that there is obvious heavy volume and stagnation, and the long and short differences are the most intense. The scope of the main lines of individual stocks is mainly concentrated in the main areas of 'big finance', 'big infrastructure' and 'military industry'."

"Concentrated in the main areas of 'big finance', 'big infrastructure' and 'military industry'?" Zhou Kan observed carefully and found the phenomenon Xu Xiang mentioned. At the same time, he also found that there was heavy volume and stagflation. Among the major component stocks with fierce long-short differences, many stocks can actually overlap with the "Yu Hang Group" stock holding concepts summarized by the market. I couldn't help but have a flash of inspiration in my mind, and said in surprise, "The boss is Said... Currently in the market, there is a large-scale sell-off of non-popular heavyweight stocks in these main line fields, as well as the main funds of other component stocks. It is very likely that they have previously concentrated positions in the main line fields of 'big finance', 'big infrastructure' and 'military industry'. , and the main force of the 'Yu Hang Group' that triggered the main trend of 'big finance' and kicked off the bull market?"

Xu Xiang nodded slightly and said: "It is entirely possible, but before this fund is completely exposed to market disclosure information, I am just guessing."

Zhou Kan thought for a while and said, "Shouldn't it be right? Whether it is reducing or increasing positions, this fund has always been vigorous and resolute!"

"Trading strategies will continue to change as the volume of asset management changes." Xu Xiang said, "Follow past history to determine future market trends, and follow past market historical information, or in other words Based on past experience, analyzing the current market situation is tantamount to seeking a sword. The current total asset management scale of the 'Yu Hang Group', the main force, should already be over 200 billion, right?

Such a huge capital position.

If you still follow the previous trading pattern of this fund and insist on eating up the last bit of profit in the market, it is most likely due to market liquidity problems.

When the market conditions change significantly, it is impossible to get out.

Therefore, they must make predictions about market trends, respond to market trends in advance, and make corresponding changes in trading strategies.

Only in this way can we always maintain the initiative in such a huge amount of funds.

Of course, this kind of advance prediction may be right or wrong. It may bring good feedback to the net worth performance of the main fund, or it may bring bad feedback to the net worth performance of the fund. This is Everything... depends on the trader's analysis of the market and the true level of prediction of future market conditions.

And there is no doubt...

Analyze based on current market trends.

The main fund of the 'Yu Hang Group' is most likely to be relatively bearish on the market outlook at this market node.

Of course, it is also possible that this is a passive reduction of positions in view of the net value liquidation of this main force at the end of the year, but the probability of this motive is relatively small. "

"If it is true that the funds of the 'Yuhang Department' are reducing their positions on a large scale..." Zhou Kan said, "Then I am afraid that the risk of the current trend of the market is really not small. Moreover, with the funds of the 'Yuhang Department' The huge volume and its related trading seats have an impact on the broad investor base of the entire market.

Once the motive for reducing positions of this fund is completely exposed, it will be disclosed by market information.

Following this capital, there are certainly not a few other major funds that have carried out operations to reduce positions and take profits, and have already made substantial profits.

And this chain reaction will inevitably lead to a collective loosening of the profit-making chip structure in the market, right?

Once the market's profit-taking chips and arbitrage chips are collectively loosened, concentrated selling pressure will naturally follow.

By then...

I am afraid that the new incremental capital group outside the market, which is already gradually declining, will simply not be able to withstand such a rapid and concentrated selling force and quickly complete the transformation of the internal chip structure. "

"That's the truth." Xu Xiang nodded and said, "So, the market at this time continues to be short-squeezed as it goes up, and the core main fields of 'big finance', 'big infrastructure', and 'military industry' "If the gap between the trends of a group of ordinary constituent stocks and their related popular heavyweight stocks and concept leading stocks becomes larger and larger, the possibility of extreme adjustment risks will be closer and closer."

"Then we..." Zhou Kan asked with a little worry, "Are we going to follow suit and reduce our positions on a large scale?"

Xu Xiang thought for a moment and said, "Compared to the main capital of the 'Yuhang system', the current asset management scale of our institution can only be regarded as small. There is no need to focus on the liquidity of market funds, so... gradually reducing positions in the order of 'weak to strong' is possible, but there is no need to suppress the market and sell off on a large scale like the other party.

After all, market sentiment and bullish confidence, as well as various favorable information inside and outside the market, have not reversed.

Even though the new inflow of funds in the market has gradually fallen into a state of decline, the aggressive active buying funds The gold group is not able to fully take over the market.

However, relying on the inertia of the trend and the hot market short-term profit-making effect.

Several major market indexes, especially the strongest Shanghai Index and A50 Index, will continue to move up to a certain height under the support of sentiment and profit-making effect, following the inertia of the trend.

In other words...

For our institution, we have more time to reduce positions and stop profits.

Therefore, according to the trading strategy we formulated before, we can slowly reduce positions and exit.

And..."

Xu Xiang paused, smiled, and continued: "If the current market, It is true that the main force of the "Yuhang system" is secretly selling chips on a large scale. Then, the reason why this fund did not actively sell to suppress the market of many stocks, and the related stocks with amplified volume, through the gear orders, can not see the huge concentrated selling orders on the front gear... I think that the other party is selling in this form, and it should not want to expose the position at this stage and let other main funds notice it.

Since the other party does not want to expose the position and does not want to cause excessive violent fluctuations and market changes in the market.

Then we naturally have no need to intensify the market.

After all, we ourselves are also the market The potential shorts in the market.

Maintaining this strong state on the surface of the market, allowing more incremental funds to come in to take over the market, actively take over the chips we sold, so that we can calmly reduce our positions before the market adjustment risk comes, is also of great benefit to us.

In other words, we must also stand on the same side as the main selling funds. "

"I understand!" Zhou Kan nodded, "Then I will follow the trading strategy we formulated before and slowly reduce my positions to stop profit."

After that, he put his eyes back on the trading market of the two cities.

After the two people's analysis and conversation, the trading time of the two cities has entered the time node of 10:30 at this moment.

And after an hour of fierce trading.

After the market over-consumed the incremental buying power accumulated by the bullish sentiment in the early trading, it has begun to fluctuate and go sideways, and no longer continues to attack sharply.

Moreover, as the trading time goes by...

On the market, there are core hot mainline areas such as "big finance", "big infrastructure", and "military industry".

The trend of a number of ordinary component stocks is getting bigger and bigger than the trend of a number of popular weighted stocks and concept leading stocks.

Many popular weighted stocks and concept leading stocks are still fluctuating and rising.

These ordinary component stocks have fallen into a sideways and oscillating trend of stagflation, and they can't keep up with the increase of the sector index, as well as the strong increase of the Shanghai Composite Index and A50 Index.

As for a number of non-hot mainline component stocks.

They basically maintain a sideways and oscillating mode with no volume or shrinking volume, and there is still no concentrated attention from the main funds, and concentrated speculation from various active funds.

At 10:40, the market was still sideways, and the overall volume of the two cities began to decline.

At 10:50, there was a divergence in the market of "Huagong International".

At 11 a.m., the Shanghai Composite Index and the A50 Index began to gradually decline from the violently volatile sideways state and turned into a slow correction pattern.

At 11:10, no sector in the core main line areas of "big finance", "big infrastructure" and "military industry" and related industry sectors and concept sectors have set new highs. Even the strongest securities sector and Internet finance sector have fallen from the highest intraday increase of 2.78% to around 2% intraday increase.

At 11:20, the intraday turnover rate of "Lanshi Heavy Equipment" reached 22%, and the market increase fell from approaching the daily limit to around 6%.

At 11:25, the intraday turnover rate of "Tonghuashun" reached about 15%, and the stock price also fell back to around 5% and fluctuated.

Finally, when 11:30 arrived, the two markets welcomed the closing.

The Shanghai Composite Index was set at a 1.17% increase, and fell back a lot in the last half hour; similarly, the intraday increase of the A50 Index also fell back to 1.51% and closed. The relevant core component stocks and market trends all showed a large-volume decline or a large-volume stagnation pattern.

As for the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Index.

The intraday increase of the three major indexes has fallen back to less than 1%.

Moreover, most of the main line areas with a strong correlation with these three major indexes have recently shown a trend of shrinking volume and shock.

Such a closing situation is completely different from the market performance in the early trading.

It can also be said that it is seriously lower than the psychological expectations of a group of determined bullish capital groups inside and outside the market who are following the trend.

"What's going on? It's going up and down again?"

After the two cities closed at noon, during the short break, the discussion among the large group of retail investors gathered in the discussion area of ​​the trading platform was still extremely intense.

"It's a benign correction, don't worry, it will definitely go higher in the afternoon."

"Although the major popular stocks in the market have fallen back, the upward trend has not changed at all. Continue to be bullish and firmly be bullish."

"The callback is to increase the turnover of hands, and I don't think there is a problem."

"Even based on the midday closing results, whether it is the Shanghai Stock Exchange Index, the A50 Index, or many popular stocks, they still closed at a new intraday high for the year. Is there any problem with this? Even in a bull market, the market is dynamic. Ah, how can there be no correction at all in the market trend? "

"What are you afraid of? In the past two days, or even in the previous period, was there any day when the market trend did not dive? But what is the final result? Isn't the Shanghai Stock Index still making new highs?"

"If you are worried about this position at this time, how can you possibly hold the bargaining chip?"

"It's best to sell the ones you don't like as soon as possible. I'm afraid I won't be able to buy cheap chips."

"A shake will help you go further. No matter how the main force shakes, in one word... we won't sell!"

"Everyone, remember this is a bull market. The market is so volatile. It's because the main players who don't have enough chips are washing the market and just want to cheat. Hold on, hold on to the chips... Only then can you make subsequent excess profits."

"It is said that 'keeping stocks is like being a widow'. If you can't bear this little shock, you can't hold on to bull stocks, right?"

"The trend of the index has not evened out yet, so what are you afraid of?"

"And with so much good news in the market and so much incremental capital waiting to enter the market, how can there be any room for decline? The main funds only dare to play this little trick of intraday fluctuations. If you have the ability to go deeper."

"Hey, it's too deep. The main funds raised by the investors will definitely lose their chips."

"One word, buy! Just keep buying."

"Let's see, after the market opens in the afternoon, the Shanghai Stock Index will definitely reverse the morning's correction and continue to hit new intraday highs."

"In the past week, basically the afternoon has been the highlight, and I am very optimistic about the market turnaround in the afternoon."

Amid heated discussions among numerous retail investor groups...

At the same time, various information and corresponding good news are constantly being updated inside and outside the market, and even on macro news.

Among them, the news that the 'Asia Pacific Bank' has been established, which will firmly support and assist the implementation of the national macroeconomic strategic plan of the 'New Era Road, Maritime Silk Road', has attracted everyone's focus and made more and more people pay attention to it. Investor groups, including major financial institutions, have once again turned their attention to the conceptual theme of "the Road to the New Era, the Maritime Silk Road". (End of chapter)