Rebirth of the investment era

At noon, the market takes a short break.

The majority of investors are somewhat disappointed with the market performance in the morning.

In particular, the attention and positions of a group of investors who are still focused on the main line of 'technological growth', as well as the core main areas such as 'infrastructure' and 'military industry' in early trading, were eager to take profits and reduce their positions, and ran into a relatively over-performing position. Some investor groups who bought the bottom of the falling 'technological growth' mainline field were almost cursing in their hearts.

"The line of 'technological growth' is really weak. It has not even been able to make a weak rebound."

Among the main hot money groups in Yuhang where Su Yu is located, some hot money still pay attention to the main trend of 'technological growth' can't help but sigh.

"To be honest, there was a lot of money entering the 'Technology Growth' line in the early trading to buy the bottom. You can tell by looking at the trading volume of 'LeTV.' However, the chip structure of the 'Technology Growth' line is too messy. , the continuous selling pressure above is too heavy, and relying on the short-term effect of bargain-hunting funds, it is impossible to lift the market."

"The main line of 'technological growth' has been running for almost two years. The main institutions gathered in this field are countless. Now the investment logic of this entire main line has begun to loosen, and the good expectations for the future have also begun to collapse. These institutions have cut their positions one after another. Can there be less selling pressure from above?"

"Not only is the continued selling pressure suppressed by institutional selling, but in the current market, the retail investors' hype and investment confidence in this major main line area are basically declining. This expected situation and emotional reaction... are still staring at 'technology' "Growth" is the line of trading, I think...then we really need to reflect on it."

"Comparing the line of 'technological growth', there are two main lines of 'infrastructure' and 'military industry', as well as the core lines of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The trend of the main theme concept is really strong!”

"However, the trends in other traditional main areas, such as finance, consumption, non-ferrous metal cycles, etc.... do not seem to be much better than 'technological growth'."

"After all, the market has not yet gotten rid of the overall pattern of the stock game. In the traditional main areas of finance, consumption, and non-ferrous metal cycles, the current expectations are not strong. Without financial support, it is normal for the market to be unable to go out. After all, in the fundamental situation of the stock game Under this situation, the limited active capital group in the market must give priority to the main areas with strong future expectations and the strongest money-making effect in terms of attack range.”

"That's true. It feels like the funds that rushed into the main line of 'technological growth' today to buy the bottom will probably have to be cut off again tomorrow."

"The active funds in the market, on the main line of 'technological growth', continue to buy lows and continue to cut off the meat, which is not necessarily a good thing!"

"Indeed, once the money-losing effect continues, the 'technological growth' line and the subsequent trend will most likely form a situation where more people will kill more."

"It's not possible. I feel like it's already a situation where more people are killed than others."

"If the 'Technology Growth' line forms a situation where more kills more than others and continues to fall, it may be difficult for the Shanghai Stock Exchange Index to achieve an independent upward breakthrough, right?"

"That's for sure. After all, the market cannot go too far. Although the main line of the market is mainly concentrated on the main board, at the same time, the evolution of the market in Shenzhen will also affect the mood and valuation changes of the main board. Whether it is It is certainly impossible for the Shanghai Stock Exchange Index or the Shenzhen Stock Exchange Index to make a unilateral upward trend independently."

"Doesn't that mean that the index will fluctuate here for a long time? The 2,500-point mark...is hopeless again?"

"Not necessarily, as long as the two main lines of 'infrastructure' and 'military industry', as well as the core conceptual themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises', can If we continue to create money-making effects and attract more potential off-site investors, then the amount of active funds in the market will be in a state of continuous increase. As long as there are sufficient incremental funds, the market will definitely start from these popular sectors. Overflowing.”

"When the market overflows, both other traditional main lines and the currently weak 'technological growth' main line should be able to receive more financial attention. At the same time... with the attention of incremental funds, then even these major The future expectations of the main line are not so clear and good, and the corresponding core stocks and core concept sector index trends can also be stabilized. At least... even if it cannot rise, there is no problem in maintaining sideways fluctuations. "

"As long as these relatively weak main lines do not continue to adjust downwards and do not hinder the continued development of the Shanghai main board market, then there will be no problem at all if the Shanghai Stock Index continues to break through upward."

"At the same time, based on the current market trends and market performance patterns..."

"The kind of future market changes I mentioned, I think... is still entirely possible."

"Of course, when it comes to trading opportunities, the best trading strategy is to try to avoid the weak main line sectors and focus on the strong main line sectors. After all, the common psychology of retail investors is to chase the rise and kill the fall. Guided by emotions and emotions, the stock speculation concept of 'the strong will always be strong and the weak will always be weak' has always been the truth of the market."

"Well said, I also think that the Shanghai Index breaks through upward. In fact, there is still corresponding momentum."

"At the same time, we also believe that although the 'technology growth' line is expected to continue to weaken, as the market's incremental funds continue to increase, there is a high probability that after a short adjustment, it will be able to digest the growth in the form of sideways fluctuations. The selling pressure is caused by the concentrated selling of institutional groups."

"No matter whether the Shanghai Stock Index enters the adjustment stage on the 'tech growth' line, whether it can continue to break through upward in the short term, at least judging from the current disk shape, there should be little room for downward adjustment... right?"

"There is definitely no room for downward adjustment. First of all, many foresighted institutions, such as Mr. Su's 'Yuhang Investment' institution, have already invested in the two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt' , 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central and State-owned Enterprises' and several core conceptual subject areas, the layout has been laid out and positions have been built. These funds...the future expectations and market hype of these main lines are still there. As the market continues to strengthen, it is definitely impossible to smash the market down and allow other institutional funds that want to enter the market to raise funds at low levels. These first-mover funds will definitely maintain the market trend and maintain their own lead. The advantage of making money and the cost advantage of holding positions means that subsequent funds that want to enter can only keep chasing higher prices.”

"Secondly, other traditional main line areas..."

"Such as finance, consumption, non-ferrous metal cycles, etc., although the future expectations of these main areas are not strong, and the current industry fundamentals are not very good, the advantage is that the valuation is low. The heavyweight stocks in these industry fields are currently at a low level. It is close to the historical extreme valuation level, and it is extremely difficult to hit another hole. After all, these core weight stocks have been shrinking for several years, and their internal chips have almost all settled, and they are not like last year. In the 'money shortage crisis', there is no way to measure energy, so naturally it is impossible to pull the index down."

"Furthermore, although the main line of 'technological growth' has performed quite well in the past two years and has been repeatedly speculated by various funds, and there are also many internal institutional holding groups and greater selling pressure, in reality On... the main line of 'technology growth', the fundamentals of a number of core industry sectors, concept sectors, and many core growth stocks have not completely deteriorated, such as 'mobile Internet', 'smartphone industry chain', 'Internet finance' ', 'Mobile Payment', 'Film and Television Media', 'Mobile Games' and other industry fields, the future industry demand space is still growing, but at present...the growth performance of core stocks in these growth fields is slightly lower than expected. , it just failed to keep up with the increase in stock prices.”

“This shows that the core investment logic of the ‘technological growth’ line has not completely collapsed.”

"It's just that the stock price has risen too much in the past two years compared to core stocks in other main areas of the entire market, and the valuation level is too high."

"Once there is a sharp adjustment in this field, the corresponding core stock valuations will be cheap enough."

"There must still be a lot of funds, and people are willing to continue to buy at the bottom."

"In this way, this main line, which currently seems to be very weak, will not be able to cause an upward breakthrough for the index, forming a great restriction and resistance."

"So, looking at it as a whole..."

"At the current market point, there is not much room for the index to correct and fall. However, due to years of bear market experience, the locked-up funds accumulated above are a bit too heavy, and the off-site investment sentiment and investment confidence have not yet been fully restored. Incremental funds There are some shortcomings, it’s not easy to break through directly.”

"Haha, that's a good analysis. I couldn't agree more with your point of view. Indeed... the market has reached its current form and there is really no room for downward movement."

"That being the case, then you can confidently and boldly make a move, right?"

"Avoid weak areas and focus on the main areas of 'infrastructure' and 'military industry', as well as the main concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises'" In the subject area, there should be no risk.”

"Looking at the market trend in the morning, it is obvious... Although the trend of these core stocks in the main line field has not gotten rid of the shock pattern, the stock price is still hitting new intraday highs, which means that the more volatile it is, the stronger the trend will be. .”

"Well, that's true. That afternoon... I still relied on the main areas of 'infrastructure', 'military industry' superimposed on the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'reform and reorganization of central and state-owned enterprises'" Done, the line of 'technological growth'...according to everyone's analysis just now, although it is unlikely that the unilateral panic will continue, the money-losing effect is obviously still expanding."

"If nothing else, in the past two days, the funds that have flowed out of the main areas of 'infrastructure' and 'military industry' and entered the main areas of 'technological growth', as well as other relatively weak main areas, have not tasted the benefits and found that they cannot be raised. After the corresponding market, the main line sectors of 'infrastructure' and 'military industry' should return in the future."

"Well, this is to be expected. Most of the subsequent market active funds will continue to focus on the fields of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Central and State-owned Enterprises'" Reform and reorganization' are the convergence of these main conceptual themes."

Along with the rapid refresh of group news, and the in-depth analysis of the market by the bosses in the group.

The lunch break flew by.

Then, at 1 o'clock in the afternoon, the two cities entered the formal afternoon continuous bidding trading session.

I saw the mood brewing at noon, as well as the waves of in-depth analysis and logical predictions of the market from institutions, hot money, large investors, and retail investors.

After the market opens in the afternoon...

The two core market lines of 'infrastructure' and 'military industry', as well as several core conceptual themes such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', as well as derivatives based on these main lines The emerging 'port shipping', 'machinery equipment', and 'public transportation' industry sectors, as well as concepts such as 'high transfer' and 'restructuring and backdoor', have begun to strengthen further and are further absorbing active funds in the market.

In the main line of "technological growth" that had some performance in early trading.

Corresponding industry sectors, concept sectors, and core component stocks entered a weak and volatile situation of shrinking volume after entering the afternoon trading session.

Among them, the check of 'LeTV' has been fluctuating around the limit after the huge earthquake.

Then, when the market trading time jumped to after 2 o'clock in the afternoon, the two markets ushered in the last hour of trading.

Several core conceptual themes such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises' have begun to explode. Within the sector, a number of constituent stocks have begun to absorb a large number of active stocks in the market. Capital groups, buying volume can increase significantly.

At the same time, the hype surrounding the two major conceptual sectors of ‘high transfer’ and ‘reorganization and backdoor’ is also spreading rapidly.

As a result, a number of stocks in the two cities with the potential of "high transfer" and a number of shell stocks with the potential of "reorganization and backdoor" have been speculated by hot money groups.

At 2:30, the daily limit of stocks in several core concept subject areas reached 15.

In the two major conceptual sectors of 'high transfer' and 'restructuring and backdoor', the number of stocks with daily limit has also reached about 10.

At 2:45, with active funds on the market and speculation concentrated in these areas, the hype and capital buying began to gradually overflow to the 'Shanghai Free Trade Zone', 'Greater Bay Area', and 'Yangtze River Delta Economic Zone'. ' and other conceptual fields have further enhanced the money-making effect of the entire market.

Finally, when the market closed at 3 p.m.

Although the Shanghai Stock Exchange Index rose at the same rate as at the midday closing, and the Shenzhen Stock Exchange Index and ChiNext Index also maintained a slight decline, nearly 70% of the nearly 2,000 stocks participating in transactions in the entire market All stocks closed in the red.

And in terms of the money-making effect...

The market is no longer limited to a few core stocks in the main field, but has already seen large-cap, mid-cap, and small-cap stocks all perform together, and corresponding concept stocks are in full bloom.