Rebirth of the investment era

At 9:48, 'Qianzhou Moutai, Wuliangye, Gree Electric Appliances, Midea Electric Appliances, Haier Electric Appliances, Shanghai Automobile Group, Great Wall Motors... and other core weight stocks in the 'big consumption' field bucked the trend and rose again, the main force of the market Capital groups are further converging towards the 'big consumption' field.

At 9:49, the two major industry sector indexes of automobiles and food and beverages rose by more than 1%.

At 9:50, the decline in the securities and Internet finance sectors once again expanded, with the leading stock 'Flush' extending its intraday decline to 3%.

At 9:51, the stock of Chengfei Integration suddenly hit the limit.

At 9:52, the stock price of 'Chengfei Integration' dropped to the limit, and the decline of the 'National Defense and Military Industry' industry sector index also expanded again, and it no longer had the very strong attitude at the opening.

At 9:53, the Shanghai Stock Index's decline expanded to 1%.

At 9:54, ‘LeTV’ quickly rose and fell, and its stock price returned to near the flat position.

At 9:55, the 'Pharmaceutical' sector continued to move. The stock of 'Hengrui Medicine' rose by more than 2% during the day and continued to rise against the trend.

At 9:56, the popular leaders in the two cities have made up for their losses. The intraday decline of 'Bluestone Heavy Equipment', under the daily limit of 'Huake Dawning', not only was not driven to narrow, but further expanded to a decline of around 5%.

At 9:57, the A50 index's day-to-day decline expanded to 5%. Popular heavyweight stocks and industry leading stocks in the two cities have adjusted one after another under the influence of the continued decline in the main line related industry sectors and concept sectors of 'big finance' and 'big infrastructure'. , no longer as strong as before.

At 9:58, the "Huaxin Securities" check, in almost half an hour of trading time, the daily trading volume reached 3.7 billion. Compared with the previous trading volume at the same time period, the volume has once again expanded, and The intraday decline, at this time, has reached close to 2%, and it continues to rank first in the turnover rankings of the two cities.

At 9:59, the "Shanghai Sanmao", the early leader of the "Shanghai Free Trade Zone", suddenly moved up after adjusting for two or three consecutive trading days, riding alone as the savior.

At 10 o'clock in the morning, the stock price of "Shanghai Sanmao" rose sharply to a 5% increase. At the same time, the main theme of the "Shanghai Free Trade Zone" concept followed suit.

At 10:01, the decline in the main line sector index on the concept of "Shanghai Free Trade Zone" narrowed.

At 10:02, affected by the straight-up trend of 'Shanghai Sanmao', within the 'Shanghai Free Trade Zone' sector, 'Shibei High-tech, Shanghai Construction Engineering, Pudong Jinqiao, Waigaoqiao, Shanghai-Hong Kong Group ...'A number of popular stocks have followed the trend and pulled up the changes.

At 10:03, the "Shanghai Sanmao" sealed the daily limit with lightning speed.

At 10:04, the decline in the main sector index on the concept of 'Shanghai Free Trade Zone' narrowed to less than 1%. At the same time, a number of related industry sectors and concept sectors in the field of 'big infrastructure' also experienced changes, with declines have narrowed one after another, but there is no obvious change in the main line of 'big finance'.

At 10:05, the transaction volume of the two cities once again reached 350 billion, and transactions were extremely active.

At 10:06, the Shanghai Stock Index retreated below 3460 points, which is getting further and further away from the 3500 point mark. At the same time, due to the large number of investors both inside and outside the market, especially in the short term, those who have made substantial profits have The short-term investor group, as well as the large number of retail investors who have just unwinded, saw that the Shanghai Stock Index was unlikely to break through 3,500 points within the day, and the overall market situation was still in a weak and continuous shock and decline, and it was difficult to restrain the urge to sell at a profit. , one after another concentrated on placing orders to reduce positions and stop profits.

At 10:07, under the concentrated suppression of profit taking and short-term unwinding, the main line of 'big finance' where profit taking and short-term unwinding is the most serious, especially the securities and Internet financial sectors, continued to fall further, and the securities sector The decline expanded to 75%.

At 10:08, the intraday decline of 'Founder Securities' instantly expanded to 4%, completely swallowing up yesterday's intraday gains. Moreover, the trend of its stock price in the past half month has seriously lagged behind the broader market and sector indexes. On the market, There is a steady stream of concentrated sales.

At 10:09, the intraday decline of ‘Oriental Fortune’ also expanded to 4%.

At 10:10, the net outflow of main funds in the entire securities sector reached 8.9 billion, and this was the first time that the securities sector had such a large net outflow of main funds since the Shanghai Stock Exchange Index exceeded 3,000 points.

At 10:11, although the two major industry sectors, banking and insurance, were relatively resilient compared to the securities sector, they had to be driven downward by the securities sector, with intraday declines exceeding 1%.

At 10:12, the intraday decline of the two checks of China North Locomotive and South Locomotive and Railway Co., Ltd. also expanded further, reaching 2%.

At 10:13, ‘Huaxin Cement’ surged rapidly, but it did not drive the entire ‘cement’ sector.

At 10:14, ‘Hua Guo MCC’ ​​also experienced a rapid rise, but the entire ‘Building Materials’ and ‘Building Decoration’ sectors showed no significant changes.

At 10:15, the rapidly rising stock price of ‘Huaxin Cement’ was unable to drive the entire sector, and there was not enough incremental buying capital to follow suit. The stock price, which had risen briefly, could not help but fall again.

At 10:16, the Shanghai Stock Index's decline expanded to 2%.

At 10:17, the three major weighted sectors of banking, insurance, and securities all showed a trend of net outflows of main funds, and the total net outflow of main funds has reached a scale of 3 billion. The entire "big finance" main line has continued to surge continuously. After 7 transactions, it was once again concentratedly sold by a large number of financial groups.

At 10:18, the active financial groups in the venue further converged on ‘consumption and medicine’.

At 10:19, 'Fushun Special Steel' reached its daily limit, and the old monster stock in the early stage still moved frequently.

At 10:20, in the 'Internet Finance' sector, 'Shanghai Steel Union' began to rise sharply, while 'Flush, Great Wisdom, Oriental Fortune, Jinzheng Shares, Hengsheng Electronics, Yinjie Technology, Changliang Technology... ...' and other stocks will continue to retrace their decline.

At 10:21, the stock price of Shanghai Steel Union hit the daily limit.

At 10:22, ‘Shanghai Steel Union’ successfully reached the daily limit, but its overall driving effect on the ‘Internet Finance’ sector was relatively limited.

At 10:23, the ‘North Xinjiang Communications Construction’ also started to move.

At 10:24, the active capital groups in the entire market, amid the continuous fluctuations and retracement adjustments of the main lines of 'big finance' and 'big infrastructure', began to flock to the early-stage old leading stocks with high recognition in the two cities, as well as the early-stage stocks. The old demon stocks that have been hyped have formed a trend pattern in which the old demon stocks rose in large numbers in the early stage.

At 10:25, ‘Shanghai Construction Engineering’ reached its daily limit, and the trend of old monster stocks continued to show.

At 10:26, the rise of 'Qianzhou Moutai' expanded to 3% during the day. Under the concentrated selling of profit-taking and arbitrage measures in the market, many financial groups who thought they were smart were worried about a repeat of last Monday's plunge. Hedging into the more defensive 'consumer' and 'pharmaceutical' fields.

At 10:27, the ‘sub-new stocks’ sector index rose and returned to the 1% position.

At 10:28, low-priced old monster stocks and "sub-new stocks" went hand in hand again, and the market pattern of the two cities changed into a situation where "consumption, medicine" took the lead, and low-priced old monster stocks and sub-new stocks performed together.

Overall, the market is in a volatile and downward trend.

And it is getting further and further away from the 3500 point mark, and there is no hope of a breakthrough within the day, but the partial market profit-making effect still exists.

At 10:29, 'Flush' fell by 5% during the day, and the trend of drastic adjustment reappeared.

At 10:30, the decline of the 'Securities' sector index expanded to 2%, and a full hour after the opening of trading, the net outflow of the main funds of this former options heavyweight leading the sector has reached the terrifying level of 2 billion, which makes Many investor groups who pay attention to this sector and hold chips in this sector are dumbfounded.

At 10:31, the Shanghai Stock Index fell below 3460 points and continued to decline.

At 10:32, the A50 index fell by 2% during the day, but the main contract of the A50 index futures only fell by 73% at this time, and although there were many active short orders on the main contract of the index futures, they could not Comprehensively suppressing the active long-term power, the trend of index futures deviates from the actual index trend to a certain extent.

At 10:33, the number of red stocks in the two cities dropped further to more than 800.

At 10:34, the trading volume of the two cities has reached more than 400 billion. The entire market is in the midst of a downward retracement and is also still in a state of heavy volume.

"Boss, it's exactly what I told you. The two cities have entered a correction state."

At 10:35, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan stared at the fierce trading in the two cities and continued with a smile: "The main lines of 'big finance' and 'big infrastructure' have been fully adjusted. The Shanghai Composite Index has obviously temporarily lost its upward momentum."

Xu Xiang, who was next to Zhou Kan, also stared at the market and responded with a smile: "It's good. The 'Big Finance' line has been rising sharply for 7 consecutive trading days. It's good if there is no major news that exceeds market expectations." In the case of support, especially when the external market trend also has the shadow of continuous decline and adjustment, if we blindly make a strong upward attack, it will be a waste of the strength of the bulls and a sign of exhaustion.

Now the entire main line market is actively shrinking and consolidating chips downward.

Reclearing the huge amount of profit taking and unwinding of arbitrage accumulated in these seven trading days will obviously be more conducive to subsequent market breakthroughs.

As for the line of ‘big infrastructure’…

In fact, the situation faced by this line is better than that of the 'big finance' line.

After all, the line of 'big infrastructure', to be honest, has been in a sideways and volatile adjustment situation since the core line of 'big finance' was launched. Now, compared with the line of 'big finance', in Adjust time and space more fully.

If the two major macroeconomic strategic plans of 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises' remain unchanged, and if the news is good, the follow-up will continue to flow, and the top management must fully promote these two strategies. Planning, then the line of 'big infrastructure' will definitely explode into a sustained market.

Overall, at this location.

It is a good thing for the index to actively adjust, consolidate chips, and precipitate funds. Market adjustments will also be benign adjustments in the bull market. "

"Boss and I have the same idea." Zhou Kan chuckled, "The overall market investment risk preference is still positive, and the market pattern of the bull market and the recognition of investors are still increasing. In this form, As the defensive main line areas of 'consumption and medicine', it is obvious that they cannot support the active breakthrough trend of the market. Naturally, this also shows that for these two main lines, in the current market situation, there is only a rebound market, not a sustained market. Those who are chasing these two major sectors today may be trapped again when the main line adjustment of 'big finance' is completed."

"I don't know about medicine, but there should still be expectations of a reversal in 'consumption'." Xu Xiang emphasized, "In the field of 'big consumption', under the current situation, there is still a certain investment value and investment logic. It is really spatially flexible and should be It is far inferior to the two core lines of 'big finance' and 'big infrastructure'."

"There are quite a few 'old demon stocks' that are bucking the trend today." After a pause, Zhou Kan said again, "I wonder if this logical line of speculation has begun?"

Xu Xiang pondered for a moment and said: "This logical line can only be used for short-term speculation and has no sustainability. Short-term intervention is okay, but mid- to long-term intervention is not necessary.

Be patient, no matter whether the market index is rising or falling.

It is obvious that the securities and Internet finance sectors in the main line of 'big finance', as well as the two main conceptual themes of 'new era road, maritime silk road' and 'reform and reorganization of central and state-owned enterprises' in the main line of 'big infrastructure', It is the real arterial nerve of the market.

We just need to grasp these arterial nerves and wait patiently. As long as the expected pattern of the 'bull market' continues to ferment, the market's investment risk preference is still in a positive state, and the market's capital liquidity, transaction volume, and financing The balance is still soaring, so it is not difficult to outperform the market and the broader market index. "

"Okay!" Zhou Kan nodded and said no more.

Then, he once again turned his attention to the two markets where trading was intense.

And while the two were communicating, at the same time...

In a private villa somewhere in Yuhang, Zhang Jianping, who had added another 100 million in chips yesterday on the stock 'Oriental Fortune', was sipping tea and leisurely staring at the market prices of the two markets on the computer screen. The stock price of 'Oriental Fortune' fell to around 5% again during the day. Looking at the chips in his new position, he had already lost nearly 5 million in less than half a day, and his expression did not change at all.

"In this round, it was a bit of a mistake to significantly increase the position of 'Oriental Fortune', right?" Seeing his friend Zhang Jianping's still calm expression, Liu Changsong, the main hot-money broker sitting in the 'Beiyuan Avenue' seat opposite Zhang Jianping, said with a smile, "'Big Finance' 'There has been a bit of a lack of news on this line recently, and coupled with the short-term deviation from the technical side, I am afraid that it will be difficult to continue to make room for improvement. The check of 'Oriental Fortune' is also afraid of going back to a lot of depth. "