Chapter 886 The End of Adjustment, or the Beginning?

"What you say makes sense." After Zheng Zhongming heard Deng Jialun's words, he thought about it for a moment, nodded, and said, "Then I will reduce my holdings in some of the 'Big Finance', 'Big Infrastructure', and The bargaining chips in main line areas such as 'military industry' will also increase the weight of positions in several core main line areas such as 'big consumption', 'mobile Internet', 'smartphone industry chain', and 'film and television media.'

"Yes." Deng Jialun nodded and said, "Does Mr. Zheng have any ideas on the focus of the main lines and the specific targets for position adjustment?"

Zheng Zhongming thought for a while and said: "Judging from the current market trend, among the recent two transactions, the 'Film and Television Media' line should be the strongest core line in the current market, right? Since 'Film and Television Media' If this line can become an independent and strong main line in the continuous market adjustment trend, it means that the continuity of this main line should still be possible, and from an expectation point of view, the 'Film and Television Media' line will There should also be strong expectations at the end of the year and at the beginning of the year.

In this way, this line can be focused on and the position layout of this main line can be appropriately emphasized.

As for the position adjustment target on this line.

Or give priority to popular stocks and heavyweight stocks.

After all, popular stocks and heavyweight stocks are highly concerned by the market, and information disclosure is relatively sufficient, so they will not easily step on the wrong side.

And the three core main lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain'.

In the main line of 'big consumption', currently, the main capital groups are continuing to flow in, and the market has a certain degree of sustainability, which should be the food and beverage and retail sectors. In this case, we will start from these two sectors on this core main line. Start with each sector.

In the field of ‘mobile Internet’.

The one with a slightly stronger trend should be the ‘domestic software’ sector.

Internet Speed ​​Technology, Inspur Information, Huaguo Software, 2345...these relatively popular stocks are currently trending pretty well.

As for the ‘smartphone industry chain’ line.

Relatively strong, only the ‘Apple Concept’ line deserves attention.

As for the items in the "Apple Concept" line, it's relatively simple. There are only a few core items, and you can just buy them within this range. "

"Okay." Deng Jialun continued to nod.

Subsequently, according to the corresponding strategy, the trading teams behind them adjusted their positions.

At the same time, inside the Magic City, Yinghui Fund Company.

In the 'Yinghui No. 1' fund product trading room, Liu Guanhai stared at the trends of the two markets and saw that after the violent plunge, the Shanghai Stock Index had recovered to 3,600 points, and the main trend of the entire market once again showed obvious trends. Switching the form, for a moment, he was very surprised and said: "Look at this form, the profit and arbitrage on the market seems to be clearing up, and the 3600 points are gained and lost, and the index continues to be at this level. The position oscillates and a violent exchange of chips is carried out. It seems that it means relying on this point to carry out central oscillation.

If the index stabilizes at this position.

And if the current core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain', and 'film and television media' have successfully replaced 'big finance', 'big infrastructure', 'military industry', etc. Several core main lines have completed the switching of market main lines.

Well, we used to blindly reduce positions to prevent the risk of continued market decline and control the retracement strategy.

I'm afraid that's wrong.

Originally, I thought that the Shanghai Stock Index was completely loosened and disorganized in the core main line chip structure of "big finance", "big infrastructure" and "military industry".

It is difficult to maintain the support role of the Shanghai Stock Index at 3600 points.

Looking at it now, the market seems to be holding on at this position.

Such a pattern and trend, as well as the direct performance of the Shanghai Stock Index, illustrate that the market's ability to accept long positions is still much stronger than we expected.

It also shows that the market has always been in a bull market stage.

And if the Shanghai Stock Index can complete the rotation switch of the main line market at 3600 points, then... it is not impossible to reach 3800 points or even 4000 points again.

Perhaps the major institutions in the industry expected that the Shanghai Stock Exchange Index would reach 4,000 points in early January, or around the Spring Festival.

It's not even nonsense.

There has been no movement yet for the main funds of the ‘Yuhang Department’, which are currently reducing their positions.

I don’t know what the current motivations and opinions of the most intelligent and huge main funds in the market are.

Therefore, there is still some hesitation in judging that the Shanghai Stock Index has stabilized at 3,600 points.

But in any case, based on this disk trend shape.

I still can't be too pessimistic, and I shouldn't place the fund position too low. I still need to buy appropriately in the major areas of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media'. There is a high probability that it will replace the previous core lines of 'big finance', 'big infrastructure' and 'military industry' and become a bargaining chip in the new core main line areas that are speculated by new market sentiments and funds.

This is to prevent the market from suddenly rising suddenly and returning to 3800 points after the main line market switch is completed.

As a result, we completely missed the market, what do you think? "

When Liu Guanhai said this, he looked at Yu Lei, the trading team leader who was also closely watching the changes in the two markets.

Yu Lei pondered for a while and responded: "From the perspective of the market trend, the Shanghai Index broke through 3,600 points several times and pulled back several times, which indeed verified the certain support role of 3,600 points.

And the three core themes of "big finance", "big infrastructure" and "military industry" have risen and fallen again after the rebound.

It also shows that these three core themes, under the current situation of the loose internal chip structure, cannot gather the core long sentiment and main funds of the market, thereby driving the market to re-enter the sustained upward stage.

On the other hand...

The industry sectors and concept sectors related to the core themes of "big consumption", "mobile Internet", "smartphone industry chain" and "film and television media", as well as the corresponding hot stocks and concept stocks, are indeed gradually gathering the long-term capital group. With the switch of "big finance", "big infrastructure" and "military industry", the long-term capital group has gradually gathered the long-term capital group. 'The traces of several core main lines.

Especially in the 'Film and Television Media' sector, the net inflow of main funds and the intensity of speculation by various fund groups are relatively large.

However, the performance of the two markets is not so good.

Judging from the current market turnover, the two markets have not shown signs of continuous and serious shrinkage at this position.

This shows that the selling power in the market has slightly eased compared with the trading days after the central bank cut interest rates and reserve requirements last week, but it has not reached a point of obvious exhaustion.

And the signs of exhaustion of selling power are not obvious.

It is difficult to show that the Shanghai Composite Index can strongly support the position of 3,600 points.

I think that at present, especially today, the market has slightly exceeded expectations and has gone through a pretty good general rebound trend, and it has also condensed a certain The profit-making effect of the market has initially formed signs of the switching of the core main line of the market, but... the selling power is still very strong. Whether the Shanghai Composite Index can stand firmly at the 3,600 point position, it is not certain whether the market will form a short-term trend reversal at this position.

My suggestion is... let's observe it.

If the Shanghai Composite Index continues to form a continuous shrinking oscillation pattern at the 3,600 point line next.

And the core main lines of "big consumption", "mobile Internet", "smart phone industry chain", and "film and television media" can continue to attract the main buying funds to intervene. At the same time, the trend of these core main lines can also continue to be stronger than the index performance, and can continue to undertake and attract the main buying funds that have withdrawn and reduced positions from the core main line fields such as "big finance", "big infrastructure", and "military industry".

Then, we will gradually increase our positions and buy It is not too late to enter the chips of the core main lines of "big consumption", "mobile Internet", "smart phone industry chain", and "film and television media".

After all, from the current point of view.

The chip structure of the three core main lines of "big finance", "big infrastructure", and "military industry" is far from the end of the adjustment.

In other words, these three core lines are unlikely to become the main force of the market in the short term.

Although the current trend of the core lines of "big consumption", "mobile Internet", "smart phone industry chain", and "film and television media" is not bad, and the main capital group is still continuing to flow in, after all, compared with the core lines of "big finance", "big infrastructure", and "military industry", the market value is too small. Even if the market rotation switching of the core lines of "big finance", "big infrastructure", and "military industry" is completed.

I am afraid that it will be difficult to drive the market reversal of the entire market and return to 3,800 points in a very short time.

As for wanting to hit 4,000 points in the short term, it is even more nonsense.

In general, we should not be afraid of losing opportunities or not having good opportunities to buy at this time, but should focus on preventing market risks.

In addition, the amount of funds in our fund is not very large.

Unlike the large main fund group like the "Yuhang system", it is difficult to reduce or increase positions.

With our fund size, as long as the market trend becomes clearer and more certain, we can quickly increase our positions and easily complete the new position building plan.

Therefore, I think there is no need to be too anxious at this time.

What if it turns out that this position is just a short-term rebound and just a lure to buy more?

Then the risk of the Shanghai Composite Index continuing to fall and breaking through the current support level and continuing to fall further is quite large, and this position continues to fall. In the short point range, there is no support, and it can only go to the 3200 point line to seek support.

In other words, miss 200 points and fall 400 points.

In terms of investment strategy selection, it is definitely better to focus on preventing a 400-point fall. "

Liu Guanhai thought about it carefully for a while and felt that what Yu Lei said was reasonable. He paused and said: "Seeing such a market trend and seeing the Shanghai stock index returning to 3600 points, maybe I am too anxious. Okay... just follow the instructions As you said, let's continue to observe and observe to see if the Shanghai Stock Exchange Index can continue to hold at 3600 points, and look at the core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media' , can it substantively replace the position of the core main lines of 'big finance', 'big infrastructure', and 'military industry', and completely complete the rotation of the core main lines of the market? Just as you said... At this time, do the right thing It is far better to do it by taking chances on the side than by taking chances on the left.”

Seeing that Liu Guanhai agreed to his analysis results and strategic opinions, Yu Lei couldn't help but smile and nodded.

Immediately, he continued to turn his attention back to the two cities.

Similarly, at the same time, in the fund product trading room of 'Yinghui No. 2', fund manager Shao Xiaoyun saw the market trends of the two markets at the moment and expressed the same emotion as Liu Guanhai, saying: "It seems that the Shanghai stock index is at 3600 The supporting force near the point is still very strong. It feels like this is the central shock position of this round of adjustment, and there is a high probability that it will be near this position, 'big consumption', 'mobile Internet', 'smartphone industry chain', ' The core main lines of film and television media will complete the switching of the core main lines of 'big finance', 'big infrastructure' and 'military industry', and completely form a new core main line of investment direction."

Hearing Shao Xiaoyun's words, Liu Changling, who is the leader of the 'Yinghui No. 2' fund product trading team, thought for a while and began to have some doubts about his previous judgment. He thought to himself: "Can it be said that this adjustment cycle Is the central shock position really 3,600 points? Is the range of 200 points enough for the market to complete the transformation of the chip structure from the first stage of the bull market to the second stage of the bull market? "

In fact, he believes that the Shanghai Stock Exchange Index can stabilize at 3,600 points.

Is very skeptical.

After all, the three core lines of 'big finance', 'big infrastructure' and 'military industry' have accumulated profits and settlement chips during the previous half-year of speculation and continuous rise, at least in the trillions. .

Such a huge amount of profit taking and settlement of arbitrage.

In other words, he could not believe that such a huge amount of potential selling power could be converted within the Shanghai Stock Index's adjustment range of less than 10%.

Moreover, he carefully observed that there are also certain problems in the market volume and energy structure.

However, he still had many doubts.

However, the actual trend of the market is an obvious adjustment and stabilization trend, and the actual buying power of the market is much stronger than he expected.

Also, judging from the disk shape...

After the continuous shock and adjustment trend, the core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media' have indeed shown a comprehensive undertaking of 'big finance' and 'big infrastructure' , 'Military Industry' and other popular main line chips in the early stage show traces of withdrawal of main funds.

And this is the actual trend of the market's main line market switching.

In this way, this made him fall into a certain degree of doubt and uncertainty as to whether the market adjustment was coming to an end. (End of chapter)