Rebirth of the investment era

"What you say makes sense." After Zheng Zhongming heard Deng Jialun's words, he thought 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 fields such as 'military industry' will also increase the weight of positions in several core main line fields 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. If this is the case, then 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 fund product trading room of 'Yinghui No. 1', 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 Exchange Index, illustrate that the market's ability to undertake 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 Exchange 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 is no movement yet for the main funds of the ‘Yuhang Department’ that are currently reducing their positions.

I don’t know what the current motivations and opinions of the most intelligent main force in the market, with a huge amount of capital, are.

Therefore, there is still some hesitation in judging that the Shanghai Stock Exchange 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 he said this, Liu Guanhai looked at Yu Lei, the trading team leader who was also watching the changes in the two markets.

Yu Lei pondered for a while and responded: "Judging from the market trend, the Shanghai Stock Index has broken through 3,600 points several times and pulled back several times, which indeed verified the certain supporting role of 3,600 points.

The three core main lines of "big finance", "big infrastructure" and "military industry" have once again surged and fallen after rebounding.

It also really shows that these three core main lines, under the current decentralized internal chip structure, are unable to condense the market's core long sentiment and main funds, thus driving the market to re-enter a sustained upward stage.

On the other hand...

Industry sectors and concept sectors related to the core main areas of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media', as well as corresponding popular stocks and concept stocks, are indeed gradually developing. The long-term capital groups have gathered together, and there are signs of switching between the core main lines of 'big finance', 'big infrastructure' and 'military industry'.

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

However, the performance of the two markets is actually not that good.

Judging from the current market turnover, there are no signs of continued or serious shrinkage in the two cities at this position.

This shows that the selling power on the market, although compared with the few trading days after the central bank cut interest rates and the RRR cut last week, has been slightly reduced, it has not reached a point of obvious exhaustion.

The signs of exhaustion of selling power are not obvious.

Then it is difficult to explain that the Shanghai Stock Index can strongly support the position of 3600 points.

I feel that at present, especially today, although the market has slightly exceeded expectations and has gone through a pretty good general rebound trend, and it has also condensed a certain profit-making effect on the market, and there are initial signs of a switch to the core main line of the market, but... ...The power of selling is still very strong. The Shanghai Stock Exchange Index has not stabilized at 3600 points. It is really uncertain whether the market will form a short-term trend reversal at this position.

My suggestion is... let's keep an eye on it.

If next, the Shanghai Stock Index continues to form a concussive trend of continuous shrinkage at the 3600 point line.

Moreover, the core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media' can continue to attract the main buying funds to intervene. At the same time, the trends of these core main lines have also It can continue to perform better than the index, and it can continue to undertake and attract the main buying funds that retreat and lighten positions from core main areas such as 'big finance', 'big infrastructure', and 'military industry'.

Then, it will not be too late for us to gradually increase our positions and buy chips in the core main areas of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media'.

After all, as of now.

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

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

As for the core main lines of 'big consumption', 'mobile Internet', 'smartphone industry chain' and 'film and television media', although the current trend is not bad, and the main capital groups are still flowing in, after all, compared with The market value of the core main lines of 'big finance', 'big infrastructure' and 'military industry' is too small. Even if the market cycle for these core main lines of 'big finance', 'big infrastructure' and 'military industry' is completed, Switch automatically.

I am afraid that it will be difficult to lead the entire market to reverse and return to 3800 points in a short period of time.

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

In general, at this time, we cannot be afraid of losing opportunities or not having a good buying opportunity, but we must still focus on preventing market risks.

Also, the capital volume of our fund is actually not very large.

Unlike the huge main capital group like the 'Yu Hang Group', it is difficult to reduce or increase positions.

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

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

What if it turns out that this position is just a short-term rebound, just to induce bullishness?

If the Shanghai Stock Index continues to fall and falls below the current support level, the risk of continuing to fall further is quite large. Moreover, if this position continues to fall, there is no support in the short-term point range and can only reach 3200. Point to the first line to find support.

In other words, if the price is 200 points short, it will fall 400 points.

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

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’s much better to do it by taking chances on the side than 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 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 position 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.

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 couldn't 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)