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Chapter 495 Adjust the layout and follow the mechanism

On May 5, after the opening of the market, the Shanghai Stock Exchange Index was first dropped by nearly -31%, and then began to counterattack. It closed in the afternoon and stood at 5 points again, with an intraday shock of nearly 4100%.

In fact, not many people are happy about it. Today's market is clearly divided into "80". 170% of individual stocks continue to fall, and more than [-] stocks in the two cities continue to be pressed on the limit board.

The main force of institutions yanked bank stocks and heavyweight stocks, creating a false red closing.

On Friday, June 6st, there was a dive in late trading, and more than 1 individual stocks in the two cities fell by the limit, which did not include ST tickets.

However, Gao Yang didn't go to work today. In the morning, he and Gu Yawen went to the kindergarten to participate in the daily Children's Day activities. In the afternoon, he brought three children, more than ten adults and children, to accompany the children in the amusement park to celebrate the festival.

In the evening, Wu Xiaoyue went home, and the family went to the hotel for dinner to celebrate Wu Xiaoyue's 20th birthday.

The 20-year-old Wu Xiaoyue has become more and more beautiful. Gao Yang has already treated her as a younger sister, and will never recall the past.

The image in memory is completely two people.

On June 6, the three major securities newspapers collectively published comments, arguing that the purpose of raising the stamp duty was not to suppress the stock market, the fundamentals of the bull market were still there, and the adjustment was only temporary.

As a result, this day turned into a black Monday. It was hammered at the opening of the market in the morning, and all funds rushed to flee. The stock index fell below 3700 points, a drop of more than -8%. Under panic, more than 700 stocks in the two markets fell by their limit .

After the market closed in the afternoon, Gao Yang called Wu Ruohan and asked the security guard to send her to the office for a meeting.

At 3:[-], Wu Ruohan rushed to the office, and Gao Yang called Huang Yufei and others from the investment department to have a meeting with Wu Ruohan to discuss the next trading strategy.

Huang Yufeihui reported: "Mr. Gao, Ruohan, starting from 530, today is the fourth day of adjustment. The market fell 664 points, a drop of more than 15%.

According to Mr. Gao's previous explanation, we have been observing and analyzing the situation of the market and mainstream sectors in the past few days.

During the four-day adjustment, the most severe declines were the theme stocks represented by stockbrokers and asset restructuring expectations. Many stocks have fallen by the limit for 4 consecutive days.

The funds inside should be mainly hot money and large households, which has relevant information on the previous Dragon and Tiger List.

In contrast, the real estate, non-ferrous metals, and insurance stocks we have deployed before are relatively more resistant to falling. This is the main direction of institutional layout, supported by performance, and the previous increase is not high.

The 120 billion bottom position we held in the early stage has also withdrawn by nearly 20% in the past four days..."

After listening to Huang Yufei's report, Wu Ruohan said: "Sister Yufei, your observation and analysis are similar to my judgment.

Today is the day when the index has fallen the most since this adjustment, and it is also the day when the funds in the market are most panicked.

The most important thing is the Shanghai Stock Exchange Index. Now the Shanghai Index is about 60 points away from the 120-day line. Tomorrow's market, after the market opens, there should be an inertial decline.

As long as it opens sharply lower, the stock index will break through the 60-day line. My opinion is that if the stock index breaks the 60-day line, we should increase our positions aggressively. "

Gao Yang said: "I agree with Ruohan's analysis, there is a high probability that it will hit the 60-day line tomorrow, and after the breakdown, it may continue to fall sharply.

Technically speaking, if the index adjustment exceeds 20%, it is the so-called technical bear market. Before 530, the Shanghai index closed at more than 4330 points at its highest.

If I were the main fund of the institution, I would definitely guide the market to hit such an effect, causing technical groups and a large number of retail investors to flee, and then suddenly backhand to do long, completely throwing these funds off the car.

Therefore, the possibility of a sharp drop after opening low tomorrow, and then a sudden reversal is not small.

The bull market is not over yet, and the enthusiasm for long funds is still there. According to our previous analysis, it is obvious that there is a bubble when the stock index rises above 5000 points.

My opinion is that this round of adjustments is very urgent, and it is a good thing that a wave is in place. The bull market of A shares is characterized by sharp drops and big drops. The main funds use this to clean up floating chips at various stages.

It's just that after this round of adjustment is over and the reversal begins, the main line of the entire market may change drastically.

Prior to this, especially in the first five months of this year, it was dominated by theme stocks, and institutional funds were not deeply involved.

The main funds of the institution are in the major sectors of banking, insurance, real estate and non-ferrous stocks. There are many blue-chip stocks in these sectors. As Yufei just said, they are supported by performance.

My opinion is that theme stocks will come to an end soon, and the rhythm of the market will be driven entirely by institutional funds.

Institutions will push up the mainstream industry sectors I just mentioned, create a profit-making effect of supplementary growth, and attract a large number of retail funds to follow.

Therefore, starting tomorrow, our layout strategy will start to be adjusted.

If there is a sharp rebound tomorrow, there may be a batch of daily limit in stocks such as the concept of securities companies, but the stamina is definitely not enough, because this sector has risen too much before.

We now have more than 300 billion cash in hand, and we can consider using 1% of the cash to take advantage of the low tomorrow to increase the position of the concept stocks of brokerage companies that we have done before.

Afterwards, if these stocks rebound to near the previous highs, we will consider reducing our positions significantly, or even liquidating them.

Next, we must follow the main force of institutions and go long on non-ferrous metals, insurance, real estate and some bank stocks.

This is our next heavy-weight target. The blue-chip stocks in these sectors have a large market and good liquidity. We already have a large amount of funds. In order to exit in the later stage of the bull market, we must also choose the core stocks of these sectors.

After the concept stocks of brokerage companies rebound in place, the funds from the reduction of positions will continue to increase positions in these sectors until the final full position.

The stocks in these sectors, in addition to the bottom positions we currently hold, tonight, Ruohan and I will select some new targets, and then send an email to Yufei.

In terms of specific position allocation, non-ferrous metals plus insurance can allocate 60% of the positions, about 25% of real estate positions, and the remaining funds to build positions in bank stocks.

After the opening of the position is completed this time, you can consider making T or adjustments for small positions according to the market, without making big moves.

In addition, for any stock, the position of a single account cannot exceed 5% of the total share capital. This must be kept in mind and calculated.

After that, we waited for the Shanghai stock index to break through 5000 points and began to lighten our positions.If the rise exceeds 5500 points, the position will drop to 1% or even lower.

This is the next stage, the overall layout and trading strategy..."

After returning home from get off work, Gao Yang and Wu Ruohan spent nearly two hours screening a batch of new bidders for warehouse building, and then sent an email to Huang Yufei.

Wu Ruohan asked: "Our private account is also arranged according to this trading strategy?"

Gao Yang said: "Okay, the Shanghai Heavy Machinery holding positions in Yawen's account and mine are still not moving, and you have arranged the other stocks.

Your current task is to rest more. After completing the position building again, you will do less T, and you will never end up earning money.

Next year, there is a high probability that there will be a big bear market. At that time, when the price falls, there will be bargains everywhere, and there will be opportunities for you to pick them up. "

Wu Ruohan grinned: "I understand, if we can make a profit of 1000 billion after this year's bull market, that's enough."

Gao Yang said with a smile: "According to the current layout, we have a high probability of earning hundreds of billions. Next, if the three sectors of non-ferrous metals, insurance and real estate that have not risen much, if the institutional funds go all out, the leading stocks in the sector will It's easy to double or triple."

(End of this chapter)