Rebirth of the investment era

In the evening, the external market trend continued last Friday's rebound and embarked on a beautiful counterattack.

Thanks to the good trend of the external market, the overall investment sentiment in the domestic financial trading market also continued to rise at night and in the pre-market period of the next day. In the minds of the majority of investors, the Shanghai Stock Index has already previewed a direct jump from short to high. The scene at the 2300 point mark.

Even the main line field of ‘film and television media’ is directly stimulated by the positive news.

One of the "Fortune Road" new buying concept stocks has been heatedly discussed by the majority of retail investors. In terms of everyone's expectations, it has already reached the collective limit.

"The market sentiment reaction feels a bit overheated!"

At around 8:50 in the morning, inside Yuhang Investment Company, which was preparing for pre-market trading, in the main fund trading room, Wang Can observed the discussion areas of major retail investor gathering platforms in the market, turned to Su Yu and asked: "Boss, If the Shanghai Stock Index opens directly above 2,300 points, can it be stabilized based on this market sentiment and expectations?"

When Su Yu heard Wang Can's question, he did not answer directly. Instead, he turned his head and looked at the other trading team leaders and core traders in the trading room, and asked, "What do you think?"

After Liu Yuan, the leader of the second trading team, pondered for a moment, she was the first to answer: "Didn't Master say it before? The index has limited room to adjust here, but the adjustment time is still slightly insufficient, and the chip structure on the market has not been reorganized. Completed, and the main funds of all parties in the market also have differences in the direction of breakthrough. At the same time, many hesitant profit takers and mild hold-up chips in the market have not been cleared. In this case... the Shanghai Index opened directly higher Standing above 2,300 points, it should be difficult to stand firm without sufficient incremental capital support.”

“As for sufficient incremental funding…”

"This can only accumulate slowly as the market continues to make money and bullish sentiment continues to ferment, and cannot achieve a rapid surge effect."

"So, I think the index is at the current time point and trend."

"It is still quite difficult to completely stand firm at 2,300 points and achieve an effective breakthrough."

"Furthermore, I believe that the short-term overheating of market sentiment is not a good thing. Instead, it may form short-term intraday highs and huge divergence points between long and short, increasing and deepening the intensity and time of market adjustments."

"Yeah!" Su Yu nodded slightly, "It makes some sense."

"I agree with Team Leader Liu's analysis." Zhao Lijun, who was sitting next to Wang Can, responded for the second time. "It is not difficult for the Shanghai Stock Exchange Index to temporarily break through 2,300 points. What is difficult is to stand firm completely."

"Actually, I think we don't need to care too much about the rise and fall of the index and the gains and losses of key points at this stage." Zhu Tianyang responded for the third time, "No matter what the trend of the Shanghai Stock Index is near the 2300 point in the short term, at least most of it will In this direction, there is still limited room for downward adjustment, but there is sufficient expectation and momentum for the upward move.”

"As long as this basic expectation and investment logic do not change, it will only be a matter of time before the index stabilizes at 2,300 points and opens up to higher space."

"Since in the general direction, the concept of exponential breakthrough is huge."

"Then, when it comes to our trading operations, we just need to hold on to the main line, hold on to the key main line high-quality chips, and wait for changes."

"Tian Yang is right." At this time, Zhang Guobing also responded, "But I think it is too passive to wait for changes. According to what President Su said before, we should take advantage of the chips in our hands and our The advantage of capital volume is to guide the market and guide the market to make an upward breakthrough at the right time. And only in this way can we always have the initiative and not be led by changes in market conditions."

"Mr. Li, what do you think?" Su Yu listened to everyone's opinions and finally looked at Li Meng.

Li Meng glanced at him and responded: "It's right to be light on the index and heavy on individual stocks. What you said all makes sense, but I'm worried... about the positions of several funds under our company currently in the same direction. The weight is too high and it is not a balanced position. In this case, once the market trend in our expected main heavy position direction is seriously worse than expected, and at the same time the market makes a breakthrough in other directions, what should we do?"

The larger the amount of funds, the greater the trading restrictions, and the more difficult it is to adjust positions.

Currently, the company's several main funds and core holdings are in the two directions of 'big infrastructure' and 'military industry', and the rest are in the directions of 'Internet finance', 'film and television media', 'mobile Internet', and 'smartphone industry chain' , the position weight is relatively not high. If the market is driven by the line of 'film and television media', it will make breakthroughs in the two major directions of 'mobile Internet' and 'smartphone industry chain'.

If the market forms a sustained pattern of Shanghai being weak and Shenzhen being strong, then they are very likely to be short on the market outlook on a large scale.

Although this kind of change in the market direction is a low-probability event in Su Yu's analysis, you should not be afraid of 10,000, just be afraid of the unexpected. Even if it is a low-probability event, Li Meng believes that you have to guard against it.

After all, if you don’t predict and prepare in advance.

Once such a small probability event occurs, with such a heavy position and huge amount of funds, they will have no time to catch up with the market and make a comprehensive adjustment of positions.

This is also the main institution of many domestic large funds in the evolution of market conditions.

Usually the market can only be made in one direction, which is the reason for holding on and carrying it to death.

In the eyes of many retail investors, this is a very stupid behavior. It is not that the fund managers of major institutions are really stupid and do not know the benefits of timely adjustment of positions and stock exchanges and chasing main hot spots, but because of the huge amount of funds. Left and right, there is simply no way to do it in time.

Su Yu pondered for a moment and responded: "Now our fund positions and layout direction are basically a foregone conclusion, and we cannot turn around."

"If the situation you mentioned really happens..."

"The market is unanimous in the direction of joint efforts, and it is not in the main line of our current focus."

"Then all we can do is to guide the market as much as possible and stimulate market sentiment based on the available funds at hand and the influence of our trading seats, thereby competing for market liquidity and guiding the main market trend step by step. It’s on the main line of our main position layout.”

"Besides...there is no other way!"

"Of course, this is a way to guide the market."

"The premise must be that the core main line areas of our layout have hype logic and future expectations, and all fundamental logic has not been reversed, and there are sufficient hype and investment factors."

"If there are no such major basic conditions and the core areas of our main line layout, unforeseen major negative effects do occur, or other factors that are enough to change the fundamentals of main line investment, then no matter how reluctant we are, we can only stop the loss and exit. You must not miss it or carry it with you."

"Market investment and financial transactions are not 100% accurate."

“All we can do is to do our best to make orders based on our own knowledge and judgment, and be responsible for ourselves, the accounts and funds in our hands, and the investors who trust us. That’s enough. As for whether it will be a profit or a loss in the end, the amount of profit or the amount of loss, we can only leave it to the market to judge.”

"Yeah!" After Su Yu finished speaking, everyone in the trading room nodded in response.

Everyone deeply agreed with what Su Yu said, and even had some feelings about it.

As everyone analyzed and communicated about market trends based on pre-market sentiment, the time had slipped to 9:15 am.

I saw that the stagnant market suddenly began to beat while the entire market investor group was paying close attention.

Among them, the field of 'film and television media' that has attracted much attention from market investors, especially LeTV, Huayi Brothers, Enlight Media, Cultural Investment Holdings, Yanjing Culture, Huace Film and Television, which were newly purchased by Fortune Road yesterday, Ciwen Media... In just one second, the stock prices of leading stocks moved directly from yesterday's closing price to the daily limit price. As expected by the majority of retail investors before the market, there was a collective daily limit. grand occasion.

"Boss, the stocks we bought yesterday, especially the stocks that showed their seats on the Dragon and Tiger list, have collectively reached their daily limit." At 9:15, after seeing the scene after the changes in the entire market, in the trading room, Wang Can said with a smile, "It seems that the 'film and television media' line is going up again today. This main line is so positive that it will probably not be able to recover within three or five trading days."

"The 'Film and Television Media' line is quite strong." While Wang Can was speaking, Zhao Lijun also added, "Only the 'infrastructure', 'military industry', and 'Internet finance' are the early popular main lines of our core layout. The call auction situation reflected by this is weaker than what we expected before the market opened, and it also failed to continue the trend in the late trading stage yesterday. It feels like there are a lot more selling funds on the market."

"This should be caused by the siphoning of funds from the popular main line of 'film and television media', right?" Zhu Tianyang stared at the market and followed Zhao Lijun's words, "The current market's incremental funds and active funds are limited, and it is impossible to cover the entire market with investment Those who anticipate and speculate on the expected market trends of all main lines can only flow in the direction of the main line with the hottest money-making effect. After the official opening, the follow-up buying funds of the 'Film and Television Media' line will overflow, and the 'Infrastructure', 'Military Industry' ', 'Internet Finance', these early popular main lines, will see some movement. After all, the current entire market, in addition to the 'Film and Television Media' line, is still 'Infrastructure', 'Military Industry', and 'Internet Finance'. Hype expectations and investment expectations are the strongest in several lines.”

"Eh, that's not right!" Just as Zhu Tianyang finished speaking, at 9:16, Zhang Guobing's sharp eyes staring closely at the changes in the disk flashed, and he hurriedly responded, "If it is the funds caused by the line of 'Film and Television Media' If there is a siphon effect, then the current entire market, other industry sectors and main line areas will more or less show a similar situation to the "infrastructure", "military industry", and "Internet finance" lines, that is, active buying is sluggish and selling The market has increased dramatically."

"However……"

Zhang Guobing paused and continued: "The two main areas of 'mobile Internet' and 'smartphone industry chain' with the small and medium-sized market and GEM as the core, as well as a number of low-end small and medium-cap 'growth stocks' do not have this This situation occurred, and not only did it not happen, but with the extremely hot following the trend inspired by the market trend of 'film and television media', the active buying of related concept stocks in these fields is still in the same sharp increase."

"In addition, the overall market capitalization of the 'film and television media' line is not large. Even if we want to maintain the daily limit of a number of stocks in the 'film and television' related main business, it will not consume the active funds and incremental follow-up funds of the entire market. "

"So I think……"

"Judging from the market situation shown at the beginning of the market call auction, the active funds and main funds of all parties in the market are obviously biased towards the 'growth stock' route of small and medium-sized boards and GEM for speculation and layout."

"Yeah!" After hearing Zhang Guobing's words, Liu Yuan carefully observed the development of call auctions in each main line of the market and responded, "I agree, Master... the trend in the early stage of call auctions in the entire market is indeed obviously biased towards small and medium-sized boards, The signs of the GEM are that we don’t know whether this sign is intentional by the main funds on the market, or whether it is purely caused by the natural combination of funds from all walks of life in the market.”

"In addition to the 'film and television media' sector, which has been directly stimulated by heavy positive news, other sectors such as 'mobile games', 'mobile Internet', and 'smartphone industry chain'... The main direction of the concept should not have strong speculation logic and investment logic at present, right?" At this time, Li Meng also discovered the abnormal changes in the market changes of the two cities, pondered for a moment, and said, "Furthermore,' On the growth stocks' line, many growth stocks have not yet materialized their current mid-term results. In terms of technical trends, the overall adjustment has not been in touch. It is always felt that various funds in the market have formed a joint force in this direction at this time, which is not appropriate. "

Su Yu saw that the time had not reached 9:20, that is, the two cities had not yet entered the real market call auction session. He pondered for a moment and responded with a smile: "Don't rush to make a conclusion first. Let's take a look. Whether it's the market's natural Together, or with the deliberate guidance of a certain major fund in the market, we all have ways to deal with it at this time..."

After saying that, Su Yu once again turned his attention to the front-line areas of small and medium-sized board and GEM 'growth stocks' where there were abnormalities.

Then, as the trading time went by, it was compared with the trends of the main lines of "infrastructure", "military industry" and "Internet finance", which are the focus of several main funds of the company.

As the trading time goes by, the active buying volume and the active selling volume change between the two. As expected, they show the opposite direction, that is, the superficial market capital flow has been smashing the 'infrastructure' and ' The main lines of "military industry" and "Internet finance" are rapidly pouring into many popular growth stocks on the "growth stocks" front line of the small and medium-sized board and GEM.

Just when Su Yu thought that these were mostly false orders and disk illusions.

When the market trading time jumped past 9:20 and entered the real call auction trading period, the overall style change of the market conditions not only did not weaken, but became more and more obvious.

At the same time, Su Yu faced the market's obvious "Shanghai weak and deep strong" pattern at this time.

For no reason, I suddenly felt a hint of crisis!