The investment era of rebirth

Chapter 580 The Journey of the Bull Market (25)!

At noon, the market takes a short break.

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

Especially the eyes and holdings, the group of investors who are still gathered on the main line of "technological growth", as well as the core main line fields such as "infrastructure" and "military industry" in the early trading, rushed out to stop profit and lighten up their positions, and ran into relatively super stocks. Some investor groups who are bottom-hunting in the main line of "technological growth" are almost scolding their mothers in their hearts.

"The line of 'technological growth' is really weak. It didn't even come out of a weak rebound."

In the main hot money group of Yuhang where Su Yu belongs, some hot money who are still paying attention to the main trend of "technological growth" can't help but feel emotional.

"To be honest, there are a lot of bottom-hunting funds entering the line of 'Technology Growth' in the early trading, just look at the trading volume of 'LeTV', but the chip structure of the line of 'Technology Growth' is too messy , the continuous selling pressure above is too heavy, relying on the short-term effect of bottom-hunting funds, it is impossible to lift the market at all."

"The main line of 'technological growth' has been going on for almost two years. There are not many major institutions gathered in this field. 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, so can the upper selling pressure not be too big?"

"It's not just the continuous selling pressure of institutional selling. In the current market, the hype and investment confidence of retail investors in this major line of business are basically in decline. This expected situation and emotional response... are still staring at the 'technical "Growth" is a market line, I think...then we should really reflect on it."

"Compared to the line of 'technological growth', the two main lines of 'infrastructure' and 'military industry', and the cores of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of State-owned Enterprises' The concept of the main theme, the trend is really strong!"

"However, the trend of other traditional mainline fields, such as finance, consumption, and non-ferrous cycle... seems to be no better than 'technological growth'."

"After all, the market has not yet got rid of the overall pattern of the stock game. The current expectations in the traditional mainline fields of finance, consumption, and non-ferrous metals cycle are not strong. Without financial support, it is normal to not be able to get out of the market. After all, in the fundamental situation of the stock game Now, with the limited active capital groups in the market, in terms of the scope of attack, we must give priority to the mainline areas with strong future expectations and the strongest profit-making effect."

"That's true. I feel that the funds that rush into the main line of 'technological growth' to buy bottoms today will probably have to be cut again tomorrow."

"The active funds in the field, on the main line of 'technological growth', are continuously buying bottoms and cutting meat, which may not be a good thing!"

"Indeed, once the effect of losing money continues, the line of 'technological growth', the subsequent trend, is very likely to form a situation where more people kill more people."

"It's not possible, I feel that a situation of killing more and more has already formed."

"If the line of 'technological growth' forms a situation where more people kill more people and continues to fall, it may be difficult for the Shanghai stock index to achieve an independent upward breakthrough trend?"

"This is for sure. After all, the market cannot be too divided. Although the main line of the market is mainly gathered on the main board, the evolution of the market in Shenzhen will also affect the sentiment and valuation changes of the main board. Whether it is Neither the Shanghai Stock Exchange Index nor the Shenzhen Stock Exchange Index will be able to walk out of a unilateral upward trend independently."

"Doesn't that mean that the index is going to fluctuate here for a long time? The 2500 mark... is hopeless again?"

"Not necessarily, as long as the two major themes of 'infrastructure' and 'military industry', as well as the main themes of the core concepts and themes of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', can If you continue to make money and attract more potential off-market investors, then the amount of active funds in the market will continue to increase, and as long as there are sufficient incremental funds, the market will definitely start from these popular sectors. overflowing."

"And when the market overflows, whether it is other traditional mainline fields or the current weak 'technological growth' mainline, they should be able to get more financial attention, and at the same time...with the attention of incremental funds, then even if these major The future expectations of the main line are not so clear and good, and the corresponding core stocks and the trend of the core concept sector index can also be stabilized, at least...even if it cannot rise, there is no problem at all in maintaining sideways fluctuations."

"As long as these relatively weak main lines do not continue to adjust downward and do not hinder the continuous development of the main board of the Shanghai stock market, then there will be no problem at all for the Shanghai Index to continue to break through upwards."

"At the same time, according to the current market trend and market performance..."

"I think this kind of future disk market change trend I mentioned...is still completely possible."

"Of course, when it comes to trading opportunities, the best trading strategy is to avoid the weaker mainline sectors as much as possible, and it is better to concentrate on the strong mainline sectors. After all, the general psychology of retail investors is chasing ups and downs. Under the guidance of sentiment and emotion, the stock speculation concept of 'the strong are always strong, and the weak are always weak' is always the truth of the market."

"Well said, I also think that the Shanghai Index will break through upwards. In fact, there is still a corresponding momentum."

"At the same time, I also believe that the line of 'technological growth', although expected to continue to weaken, has a high probability that after a short-term adjustment, it will be able to absorb the growth caused by the market in the form of sideways shocks under the condition that the incremental funds in the market continue to increase. It is due to the selling pressure caused by the concentrated selling of institutional groups."

"Regardless of whether the Shanghai Stock Exchange Index enters the adjustment stage on the line of 'technological growth', whether it can continue to break through 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', have already invested in the two main lines of 'infrastructure' and 'military industry', as well as the 'Asia-Europe Economic Belt' , 'New Era Road, Maritime Silk Road', 'Reform and Restructuring of Central Enterprises and State-owned Enterprises', several core concepts and subject areas have been laid out and positions have been established. In the case of continuous strengthening, it is definitely impossible to smash the market and let other institutional funds that want to enter the market get raised at a low position. These initial funds will definitely maintain the market trend and maintain their own advantages. The advantages of development and cost of holding positions allow the follow-up funds that want to enter to have to keep chasing higher.”

"Secondly, other traditional mainline fields..."

"Such as finance, consumption, non-ferrous metal cycle, etc., although the future expectations of these main line areas are not strong, and the current industry fundamentals are not very good, the advantage lies in the low valuation. The weight stocks in these industry areas are currently in a low position. It is near the historical limit valuation water level, and it is extremely difficult to make another hole. After all, these core weight stocks have continued to shrink for several years, and their internal bargaining chips have almost settled. The 'money shortage crisis' can't generate energy at all, so naturally it's impossible to pull down the index."

"Furthermore, although the main line of 'technological growth' performed quite well in the past two years, it has been hyped several times by various funds. In the main field of "technological growth", the fundamentals of many core industry sectors, concept sectors, and many core growth stocks have not completely deteriorated, such as "mobile Internet", "smart phone industry chain", "Internet finance ', 'mobile payment', 'film and television media', 'mobile games' and other industries, the future industry demand space is still growing, but at present...the growth performance of core stocks in these growth fields is slightly below expectations , did not keep up with the rise in stock prices."

"This shows that the core investment logic of the line of 'technology growth' has not completely collapsed."

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

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

"There must still be a lot of funds, and they are willing to continue to buy bottoms and take orders."

"In this way, this main line, which seems to be weak at present, will not be able to break through upwards for the index, forming a great restriction and resistance."

"So, overall..."

"At the current market point, there is not much room for the index to pull back and fall. It is just that due to the experience of the bear market for many years, the locked-up funds deposited above are a bit too heavy, and the off-market investment sentiment and investment confidence have not yet fully recovered. Incremental funds There are some deficiencies, it is not very good to break through directly.”

"Haha, good analysis, I can't agree with your point of view anymore, indeed...the market has reached the current state, and there is really no room for downward movement."

"Since that's the case, then you can safely and boldly make a move?"

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

"Judging from the market trend in the morning, it is obvious... Although the core stocks in these mainline fields have not yet shaken off the volatile pattern, the stock prices are still hitting new intraday highs, which means that the more volatile, the stronger the trend .”

"Well, that's true. In the afternoon...we still rely on the main lines of 'infrastructure', 'military industry' superimposed on 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'" Done, the line of 'technological growth'... According to everyone's analysis just now, although it is unlikely to continue to unilaterally panic and plunge, the effect of losing money is obviously still expanding."

"Unsurprisingly, in the past two days, the funds that have flowed out of the mainline fields of 'infrastructure' and 'military industry' into the mainline fields of 'technology growth' and other relatively weak mainline fields have not tasted the sweetness and found that they cannot be pulled up. 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 follow-up active funds in the market 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', 'state-owned enterprises and state-owned enterprises'. Reform and reorganization' these main concept subject areas converge."

Accompanied by the rapid refresh of group news, as well as the in-depth analysis of the market situation by the bigwigs in the group.

The lunch break flew by.

Immediately afterwards, 1 o'clock in the afternoon came, and the two cities entered the official trading session of continuous bidding in the afternoon.

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

After the market opens in the afternoon...

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

In the early trading, the main line of "technological growth" was once expressed.

The corresponding industry sectors, concept sectors, and core constituent stocks have entered into a weak and volatile situation of shrinking volume after entering the afternoon trading session.

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

Then, when the market trading time jumped to 2 o'clock in the afternoon, when the two cities ushered in the last hour of trading at the end of the day.

Several core concept themes such as "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Restructuring of Central Enterprises" have begun to explode. Inside the sector, a large number of constituent stocks have begun to absorb a large number of active stocks in the market. Fund groups, the amount of buying can be greatly increased.

At the same time, the two concepts of 'high-speed transfer' and 'restructuring backdoor' are also rapidly spreading hype.

As a result, the stocks with the potential of "high transfer" in the two cities, as well as the shell stocks with "restructuring backdoors", have been hyped by hot money groups.

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

In the two concept sectors of 'high-speed transfer' and 'restructuring backdoor', the daily limit of individual stocks has also reached about 10.

At 2:45, when funds were active in the venue and speculation in these areas was concentrated, hype sentiment and capital buying began to gradually spill over to the 'Shanghai Free Trade Zone', 'Great Bay Area', and 'Yangtze River Delta Economic Belt' ' and other conceptual fields, resulting in a further increase in the profit-making effect of the entire market.

Finally, when the market closed at 3 o'clock in the afternoon.

Although the stock index rose at the same level as the noon closing, and the Shenzhen Stock Exchange Index and the ChiNext Index also maintained a slight decline, nearly 2000% of the nearly 70 stocks participating in the transaction in the entire market Stocks have all closed in red.

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

The market is no longer limited to the corresponding core stocks in the main line field, but has already seen the performance of large-cap, mid-cap, and small-cap stocks, and the corresponding concept stocks are fully blooming.

(End of this chapter)