Chapter 831: Consolidation Amid Divergence Between Bulls and Bears!
At 1:26, the Shanghai Composite Index began to gradually turn downward from the intraday high amid the stagnation of the heavyweight stocks with the Chinese character "Hua".
At 1:27, the stock price of "Huaguo Zhongye" showed a clear trend of heavy volume decline.
At 1:28, the stock price of "Lanshi Heavy Equipment", which had already risen sharply to around 7% in the day, fell rapidly and slid back to around 5%.
At 1:29, the stock price of "Founder Securities" turned green again.
At 1:30, the Shanghai Composite Index retreated and lost the 1.5% increase position. At the same time, the stock prices of the two heavyweight core stocks "Huaxin Securities" and "Huaguo Construction" also began to show a trend of heavy volume decline.
At 1:31, many bank stocks such as "Ningbo Bank, Pudong Development Bank, Industrial Bank..." fell sharply with heavy volume, and the market turned green.
At 1:32, the net inflow of the main funds in the entire "big finance" main line field reversed and began to show an outflow trend. At the same time, in the fierce confrontation between long and short forces, the "big consumption", "non-ferrous cycle", "petrochemical", "coal", "pharmaceuticals" and other unpopular main line fields, related weighted stocks, and most component stocks also began to gradually decline and correct.
At 1:33, the "defense and military industry" industry sector index fell sharply by 0.5% and retracted to within 0.5% of the daily increase.
At 1:34, a large amount of concentrated selling of the main line weighted stocks of "military industry" such as "China Airlines Shenyang Aircraft", "Aviation Power", "Huaguo Heavy Industry" and so on appeared.
At 1:35, the stock price of "Lanshi Heavy Equipment" continued to retreat to the intraday increase of 3.5%.
At 1:36, stocks with a market value of tens of billions of yuan in the Internet financial sector, such as ‘Oriental Fortune’ and ‘Hengsheng Electronics’, also showed a trend of explosive decline.
At 1:37, the number of daily limit orders on the ‘Huake Shuguang’ check, which had originally been capped at the daily limit, began to drop rapidly, showing signs of a possible explosion.
At 1:38, the leading stocks of ‘Yingkou Port’ and ‘Shanghai Sanmao’, two stocks with the core concept themes of ‘New Era Road and Maritime Silk Road’, and the ‘Shanghai Free Trade Zone’ concept theme, also showed signs of a sharp drop in daily limit orders and loose chips.
At 1:39, the intraday increase of ‘Huaxin Securities’ shrunk to less than 1%.
At 1:40, the share price of ‘Xiangcai Securities’, which once showed the desire to increase the daily limit, fell back to around 5%.
At 1:41, the intraday stock price increase of ‘Huagong International’ also fell back to below 3%, and the main capital trading status of a number of industry sectors in the main line field of ‘big infrastructure’ also gradually changed from the large inflow state before 1:20 to the net outflow state.
Among them, the two major industry sectors of ‘building decoration’ and ‘building materials’.
The internal main capital selling was the most intense.
At 1:42, the increase of the Shanghai Stock Exchange Index further fell back to about 1.2%.
At 1:43, the stock price of ‘Shanghai Steel Union’, which once closed the daily limit, fell back to about 7%.
At 1:44, the daily increase of a number of insurance industry weight stocks such as ‘Huaguo Ping An’, ‘Huaguo Taibao’, ‘Huaxin Insurance’, etc. fell back to less than 1%.
At 1:45, the market of ‘Huaguo Railway Construction’ turned green, and in more than 20 minutes, the volume fell back by more than 2 points.
At 1:46, after a violent shock, the check of ‘Huashang Securities’ also returned to the flat price.
At 1:47, the intraday increase of the entire ‘Securities’ sector index retreated to less than 1%. At the same time, the two major industry sector indexes of banking and insurance have fallen back to the flat price.
"Today's market trend is really volatile. Is the difference between long and short positions so big?"
At around 1:50, a hot money boss in the Yuhang main hot money group where Su Yu was located looked at the index jumping up and down, the major main lines were all released, and the market divergence was huge. He couldn't help but sighed: "The pressure at this position seems to be greater than we imagined."
"I think the volatility here is more volatile. Try to fully change hands. It will be good for the future market trend."
"I think so too. Judging from the situation... Today's trading volume in the two markets is likely to hit the trillion mark."
"The fundamental reason for this violent volatility is the huge amount of profit-taking and unwinding orders accumulated in the market. However, judging from the situation... At this position of the market, although there is a big difference between long and short positions, there is no problem with the long position's acceptance, and the long position is still very strong. ”
“After the early sell-off, the bulls can pull the index up from the bottom, so it is unlikely to fall back sharply today.”
“I agree. It will probably fluctuate violently around the 1% increase of the Shanghai Composite Index.”
“Well, it will fluctuate around the 1% increase of the Shanghai Composite Index.”
“The Shanghai Composite Index will not continue to break through quickly, right? Looking at the K-line chart and the performance of the market volume, the Shanghai Composite Index should return to the moving average.”
“I also feel that the Shanghai Composite Index will return to the moving average.”
“It’s good to return to the moving average. First build a new chip platform, and then consolidate the chip structure, so that we can go further in the future.”
“In fact, if we analyze it from the perspective of chip structure alone, it feels that the chip structure of many popular main-line weighted stocks in the current market has begun to loosen, especially the bottom chip structure.”
"This is inevitable. You must know that it is already the end of the year. At the end of the year, the main financial institutions are under performance pressure, so this part of the capital group will inevitably adjust their positions fiercely. However, as long as the fundamental logic of individual stocks does not The problem is, I think the loosening of chips at the bottom will actually reduce the number of profit-making orders on the market, which will help individual stocks build a new chip support platform in the midst of violent fluctuations.”
“Generally speaking, the entire ‘big infrastructure’, ‘big finance’, and ‘military industry’ fields are increasing their volume today.”
“With a large amount of profit-taking on the market, can we not increase the volume?”
"It is said that when there are differences, there will be market trends. This node where there are differences between long and short positions should still be a good opportunity to increase or adjust positions, right?"
"That's for sure. As long as there is no problem with the basic logic of the bull market, all market corrections are opportunities."
"I feel that except for the three core main lines of 'big finance', 'big infrastructure' and 'military industry', the market currently has extremely strong positive expectations, and the other main lines are almost meaningless. Nowadays, stocks in these major main lines are all increasing in volume. , what will you buy with the funds that go out?”
"The funds that go out will either leave the market, or they will eventually have to return to the three main lines of 'big finance', 'big infrastructure' and 'military industry'."
"With such a big shock, it's hard to do trading today!"
"It is indeed a bit difficult to open a new position."
"The three strongest stocks in the market today should be 'Huake Shuguang', 'Yingkou Port', and 'Shanghai Sanmao'. If you want to place a market, you must choose these three stocks to participate."
"The daily limit orders of 'Huake Dawn' have been decreasing sharply. It feels difficult to seal them until the close."
"If you can't seal it to death, you can participate in it."
"This position has changed hands a lot, so there shouldn't be much meat behind it, right?"
"Not necessarily. As the overall concept leader of the two cities, 'Huake Dawn' can continue to make room for itself as long as its popularity remains."
"You said, today, the three main lines of 'big finance', 'big infrastructure', and 'military industry' have suddenly seen such a huge amount of selling. Could it be that Mr. Su of the 'Yuhang Department' is selling? The whole ' Yuhang’s main fund product seems to have a need for net settlement at the end of the year, right?”
"It's hard to say, but even if Mr. Su sells, it will definitely not be Mr. Su who is leading the market."
"Actually, it doesn't matter whether Mr. Su is selling or not. I think as long as there is no problem with the overall emotional feedback of the market and the money-making effect continues, then just continue to make orders. Focus on individual stocks and light on the index!"
"I don't agree with this. If Mr. Su is selling, the impact will be quite large."
"Whether Mr. Su is selling, there should be traces of it on the dragon and tiger list after the market opens. The entire 'Yuhang Series' main fund product has such a large holding volume. If you want to leave the market, it is impossible to completely avoid the dragon and tiger list." The disclosure of the Tiger List, but... I still tend to think that the violent fluctuations in the market today are just the result of a large number of profit-taking and unwinding orders deposited in the market. Mr. Su should not be in this position at this time to sell on a large scale. After all, the good news about the central bank’s interest rate cuts and RRR cuts has not yet been implemented, right?”
"Yes, as long as the bad news about the central bank cutting interest rates and reserve requirement ratios does not materialize, the market's market expectations will not collapse."
"However, in the past two days, it has become clear that the growth rates of the securities sector and the Internet finance sector have been somewhat unable to outperform the core industry sectors in the main line of 'big infrastructure'."
"How much did the securities sector and the Internet finance sector rise last month? No matter how good it is, it is impossible for trees to continue to rise to the sky. Now it is a normal trend to take a slight correction and rest, and to reorganize the chip structure. What's more? The two core lines of 'big finance' and 'big infrastructure' have alternately advanced, and each has led the rise for a period of time. It feels like it is obviously more conducive to the development of the market. "
"I agree, if we keep following the same main line, the market situation cannot last long."
"Hey, the number of daily limit orders of 'Huake Dawn' has surged up again, and the selling volume has begun to weaken. It seems... this check cannot be opened today."
"The complete closure of 'Huake Dawn' will help the market sentiment continue to improve."
"The Shanghai Stock Index has retreated to around 0.8% and only 1% increase, and it has obviously stopped diving. It seems...the market will continue to trade sideways in late trading."
"It's pretty good. Let's look at the energy levels at the end of the session."
"It would be perfect if the turnover of the two cities today can reach the trillion mark despite the violent fluctuations and changes of hands."
With the rapid refresh of news in the group, and the analysis and interpretation of the two markets by many hot money tycoons in the group, there were also heated discussions.
The trading time of the two cities has now entered after 2 o'clock in the afternoon.
After the market trading time entered the last hour of late trading, the market's volatility and trading volume began to gradually decrease sharply.
Moreover, due to the strong support of underlying bull forces.
Whether it is the core main lines such as 'big finance', 'big infrastructure', and 'military industry', or the non-popular main lines such as 'big consumption', 'non-ferrous cycle', 'petrochemical industry'... etc., they have all begun to fall into a narrow range. In a sideways and volatile situation, the corresponding stocks no longer retreat and fall. Of course, there is no motivation to continue the upward attack.
Finally, when 3 p.m. rolled around.
The Shanghai Composite Index was set at a 0.82% increase and continued to close in the positive. Although the Shenzhen Composite Index, the ChiNext Index, and the SME Index were relatively weaker than the Shanghai Composite Index, they all closed in the red.
However, the A50 Index, which has always been the strongest, fell back to a large extent today.
Although it still closed in the red, the increase was even worse than the Shanghai Composite Index, and it was independent of the performance of the major indexes and could not continue to maintain it.
In addition to the performance of the major market indexes.
In terms of volume...
The two markets had a total transaction volume of more than 980 billion yuan during the day, which is getting closer and closer to the trillion mark.
As for the performance of individual stocks and the performance of major main lines.
Although the two markets have emerged from the violent fluctuations of the long-short divergence, the short-term profit effect is still strong. The two markets still maintain the trend of more than 80 stocks hitting the daily limit, and such popular concept leading stocks as "Huake Shuguang, Yingkou Port, Shanghai Sanmao, Shanghai Steel Union, Great Wisdom, Huake Jincai, Tianshan Cement, Fushun Special Steel..." finally closed at the daily limit, showing a continuous profit effect.
In addition, the three core themes of "big finance", "big infrastructure" and "military industry".
Although the increase in the banking, insurance and defense and military industry sectors has fallen sharply compared with the intraday high, they have also maintained the situation of closing in the red.
At the same time, the Internet finance sector, in the last fifteen minutes.
There was a significant rebound trend, and it squeezed into the top three of the concept sector increase list in the two markets again.
Faced with such a closing situation in the two markets...
The vast number of investors inside and outside the market felt that some were in line with expectations, some felt that they were not as good as expected, and many felt that they exceeded expectations.
Of course, no matter what opinions you hold about today's market trend.
Everyone still has no doubts about the bull market pattern, and there is no change in the expectation that the Shanghai Composite Index will hit the 4,000-point mark in December.
It's just that there are big differences in the two different views on whether the Shanghai Composite Index will directly force an upward push and rush directly to 4,000 points, or whether the Shanghai Composite Index will fluctuate sideways for a period of time, continue to accumulate strength, and continue to break through after returning to the important moving average of the market.
But no matter what...
In the strong bullish atmosphere and the still strong market money-making effect.
Very few investors are bearish.
Moreover, even if some individual investors put forward the idea of short-term bearishness in the online stock investment exchange forum, they will be ridiculed by everyone.
This makes the bears at this time seem very inappropriate.
In addition to the voices of investors in the discussion, after the market closed, major financial media and influential institutional groups, faced with the short-term divergence and consolidation of the market, continued to be bullish and even proposed the view of "year-end red envelope market". (End of this chapter)