The investment era of rebirth

"According to the boss's opinion...will the trend of the heavyweight stocks on the main board continue to strengthen?" After listening to Xu Xiang's words, Zhou Kan thought for a moment and responded, "And the trend of the small and medium-cap concept stocks will be relatively strong." Will the downturn and the [-]-year-old market pattern appear again?”

Xu Xiang said: "At present, the official opening of the 'Shanghai-Hong Kong Stock Connect' will definitely have a continuous catalytic effect on the heavyweight stocks on the main board that are already expected to be strong. According to analysis and judgment, the heavyweight stocks in the core main line areas of the main board, especially The fields of 'Big Finance' and 'Big Consumption' have been directly included in the 'Shanghai-Hong Kong Stock Connect' component stocks, and will definitely continue to strengthen under the influence of incremental funds that continue to follow up.

As for whether the market will form a [-]-[-] split pattern.

Will the ChiNext Index and the Small and Medium Cap Index, which represent small and medium-cap stocks, be increasingly different from the Shanghai Stock Exchange Index? Will the main financial groups further converge towards the weight of the main board?

We still have to look at the next liquidity of the market to make a truly accurate judgment.

At present, there should be no traces and forms of an obvious [-]-[-] split in the market.

If the market has sufficient liquidity, that is, new transaction volume, it can continue to rise and break through the 8000 billion, 9000 billion, or even 10000 billion mark along the way.

Well, when the main board weight stocks cannot absorb so many incremental capital groups.

Part of the overflowing liquidity will definitely continue to flow to those stocks that do not have such high certainty in the main line areas of 'big finance' and 'big infrastructure', and are not as cost-effective and relatively weak, but have sufficient room for adjustment. There was an inflow of many mid- to small-cap stocks.

In this way, when these small and medium-cap stocks also receive the attention of overflow funds, there are active buying orders.

Then, the market split between [-] and [-] should not happen.

With sufficient liquidity, the market will achieve a relatively general rise situation in which Shanghai is strong and Shenzhen is weak.

But if the market’s capital cannot continue to expand, that means the market’s turnover cannot continue to make a large-scale leap at its current volume.

Well, just rely on the current market liquidity.

For stocks with heavy weight on the main board, the incremental funds required for upward development are getting larger and larger.

There will not be many incremental capital groups that will overflow from the heavyweight stocks in these core main line fields into the field of small and medium-cap concept stocks.

In this way, there will be no obvious main buying orders for small and mid-cap stocks.

However, there are not enough main buying orders for medium and small-cap stocks, and at the same time, a lot of internal main funds are still being siphoned off by the heavyweight stocks on the main board.

Then, the small and medium-sized board index and the GEM index represent the trend of small and medium-sized concept stocks.

Naturally, there will be no outstanding performance.

In this way, the market is very likely to form a 6-10 split pattern, that is, to reproduce the market trend in the months from June to October.

Of course, overall...

The current market liquidity and money-making effect are still much better than before.

Even if the market turnover cannot continue to expand in the short term and a [-]-year pattern appears, then the overall profit-making effect should not be bad.

At the same time, the basic pattern of the 'bull market' will not be destroyed.

In short, at this time, excessive pessimism is inappropriate, but... excessive optimism is also inappropriate. "

"Understood!" After Zhou Kan listened to Xu Xiang's words, he thought for a moment and nodded slightly, "But the 'Internet Finance' sector should not be bad in terms of market conditions, right?"

Xu Xiang nodded and said: "At present, the basic logic and expected logic of the 'Internet Finance' sector are following the 'Securities' sector. As long as the basic investment logic and expected logic of the 'Securities' sector do not If there is a problem, then there will be no problem with the basic logic and expected logic of the 'Internet Finance' sector, and the natural market trend will not cause too much risk and uncertainty."

"In this case, there should be no need to adjust our fund's current positions." Zhou Kan chuckled and said, "I didn't expect that the 'Big Finance' line has been rising for more than half a month. Not only has the market not weakened, but the investment logic and expectation logic have become stronger and stronger, and the certainty of the development of the trend has become higher and higher."

"This is natural." Xu Xiang said, "As long as the logic of the 'bull market' is stable, the expectations of the main line of 'big finance' will only become stronger and stronger. At the same time, the incremental capital groups outside the market have not yet reached the point where most of them have entered the market. Next, the main funds will be more concentrated in the "big finance" line.

in my opinion……

As long as the two heavyweight sectors of banking and insurance have not yet experienced a wave of sharp and continuous short squeezes and main rises.

Then, the securities and Internet financial sectors, which have the highest relative elasticity, will not easily peak. At least... in a short period of time, the characteristics and traces of short- and medium-term tops will not be visible. "

As the two men conducted a short analysis of the market trends of the two cities.

At this time, the market trading time has quickly reached 9:25.

After 10 minutes of collective bidding, the Shanghai Index finally opened at 3372.58, opening 0.34% higher. The Shenzhen Index and the ChiNext Index respectively maintained a flat opening trend. The Shenzhen Index rose by 0.09% and the ChiNext Index fell by 0.06%. , as for the small and medium-sized board index, it opened slightly lower by 0.33%.

Among them, the A50 index, which performed the strongest, opened sharply higher to 0.81%.

In addition to the performance of major market indexes.

The major popular core main lines, as well as the performance of major popular industry sectors, concept sectors, and conceptual main lines.

It can be seen that a number of industry sectors in the two core main areas of 'Big Finance' and 'Big Infrastructure', as well as the corresponding concept sectors, still lead the gains in the two cities. The other main areas of 'Big Consumption', 'Military Industry' and 'Technology Growth' Related industry sectors and concept sectors follow.

A total of more than 1100 stocks in the two cities have opened higher.

Generally speaking, this opening situation is not bad compared to the emotional performance before the market, but it is not in line with expectations.

As for the exact style of the market opening.

Whether looking at the performance of major indexes or the market capitalization of red-cap stocks, they are all heavyweight stocks on the Shanghai Stock Exchange, significantly stronger than growth-concept stocks in small and mid-cap stocks.

Especially the component stocks in the A50 index area.

Most of these constituent stocks have been included in the direct trading stock pool of the Shanghai-Hong Kong Stock Connect.

As a result, these stocks have directly benefited from the opening of the Shanghai-Hong Kong Stock Connect, and the "southern" capital groups have moved north to increase their positions, and have opened slightly higher than expected.

This is also the fundamental reason why the opening performance of the A50 index is much stronger than the performance of other core indexes in the market.

Among them, in terms of the performance of popular stocks in the two cities... 'Hua Ke Shuguang', which ranks first on the market investors' attention list and discussion list, opened a one-word daily limit under the massive call auction volume, opening 7.22% higher, and the entire call auction transaction was completed The amount reached 1.12 million.

'Flush', which ranks second on investors' attention list and discussion list, opened 2.72% higher, which is more in line with everyone's expectations.

The third-ranked 'Blue Stone Heavy Equipment' actually achieved a low opening of 1.23% when the opening of 'Huake Dawn' attracted active financial groups, which was seriously lower than the pre-market expectations.

The fourth-ranked 'Huazhong Capital' opened higher by 2.23%, which is more in line with expectations.

The fifth-ranked 'Great Wisdom' opened higher at 8.11%. It continues to be strong and is likely to continue to rise by the daily limit. It seems to be stuck in the 'flush' position as the leader of the Internet financial sector. There are also concentrated selling by active funds on the market. A relatively high-level 'flush' stock means creating a low-level 'great wisdom' leader.

The sixth-ranked 'Western Securities' opened 0.89% higher. Its entire call auction trend was significantly weaker than that of 'Huazhong Capital', but it still outperformed several major core indexes that opened higher in the market, and also slightly outperformed the higher open. securities sector index.

The seventh-ranked 'CEFC Securities' opened higher by 0.83%, basically in sync with the higher opening of the A50 index, and the trading volume during the entire call auction period was higher than last week. The active selling and trading volume on the market was higher. Active selling and trading are relatively intense.

The eighth-ranked 'Oriental Fortune' opened 1.11% higher. Although it was significantly weaker than the two stocks 'Flush and Great Wisdom', it was also much stronger than the market performance, and the active buying on the market was also equally strong. Opportunity comparison Last week showed no signs of fading.

The ninth-ranked 'China Airlines Heavy Machinery' also opened higher at 0.55%, showing a slight sign of getting rid of the influence of 'Blue Stone Heavy Equipment'.

The tenth-ranked 'Chengfei Integration', like 'Blue Stone Reload', failed to continue yesterday's strength despite the daily limit yesterday, and opened slightly lower at 0.77%, and due to 'Blue Stone Reload' The two stocks of Heavy Equipment and Chengfei Integrated opened significantly lower, causing the shape and trend of the entire military sector to diverge significantly.

As for the following ones, Fushun Special Steel, Shanghai Construction Engineering, Shanghai Sanmao, Huaguo MCC, Huaguo China Railway, Leiman Optoelectronics, Shibei High-tech, Beixin Road and Bridge, Hengsheng Electronics, Jinzheng Co., Ltd., Yinjie Technology, Changchun Liang Technology, LeTV, Wangsu Technology, Enlight Media, Ciwen Media, Huace Film and Television, Guangdong Media...' and other popular stocks.

Showing a trend of half opening higher and half opening slightly lower.

And in terms of the overall pattern, the performance of large-cap stocks is also significantly stronger than that of small-cap stocks.

Faced with the opening situation of the two cities...

The broad investor base inside and outside the market is somewhat disappointed.

Originally, everyone thought that with the simultaneous listing of 'Shanghai-Hong Kong Stock Connect', 'A50 Index Futures', and 'China Securities 500 Index Futures' today, the market's opening pattern would definitely not be worse than last Friday. However...the results are always somewhat unexpected.

"Hey, this is almost a flat opening, seriously lower than expected, seriously lower than expected!"

At 9:26, seeing the opening of the two markets already fixed, a group of retail investors gathered in the discussion area of ​​the trading platform expressed such emotions one after another.

“I thought the Shanghai Stock Index would directly hit 3400 points when it opened today, but I didn’t expect...”

"Sure enough, the greater the expectations, the greater the disappointment!"

"Although this opening pattern is a bit lower than expected, it is not too weak, right? After all, there is nothing good about the weekend, and the external market trend is actually not optimistic."

"It can't be considered weak, but this trend... after the official opening, it is obviously even less optimistic!"

"After the official opening, the two markets are likely to see another wave of decline."

"The sharp decline and correction trend at the end of Friday's trading was obviously not completed when the market closed on Friday. After the official opening today, the correction trend on Friday will definitely continue, and there is a high probability that there will be a downward trend. kill."

"I'm not afraid of short-term selling. I'm afraid that the main financial groups in the market will stop profits and liquidate their positions after seeing that the market trend is obviously not as good as expected. After all, this is the current position, especially the 'big infrastructure' in the popular main line field. , the main line growth of 'Big Finance' is really not small in the short term."

"It is possible that other main lines will fall, but how can we not stop the strong performance of the 'big finance' and 'big infrastructure' main lines? Don't you hear the trading principle of 'the strong will always be strong, and the weak will always be weak'?"

"That's right, you can't judge the market situation based on the logic that if it rises too much, it will fall."

"No matter how you analyze it, 'big finance' will definitely continue to rise."

"Why do I feel that the market's opening situation is a bit like a '[-] pattern'?"

"Hey, don't tell me...it's really a bit of a '[-] split' pattern. Weight stocks are significantly stronger than growth stocks and concept stocks!"

"Could it be that in the past few months, the weight-driven trend of the market will continue?"

"This is not certain, but judging from the current market situation, the main line of 'technological growth' led by the small and medium-sized board and the GEM board has indeed failed to stir up the market. Of course... except for the 'Internet Finance' sector , but the logic of the 'Internet Finance' sector is obviously not the logic of 'technological growth', but the logic of 'bull market brokerage'."

“Is the market really going to ‘elephant dance’?”

"Whether it is or not, as long as the market's 'bull market' pattern remains unchanged, then just follow the main line of the market's strongest performance and place orders."

"Yes, as long as the money-losing effect of following the trend in the short-term is not serious, following the strongest hot spots should be the easiest trading strategy to make money."

"Then just continue to follow the trend and pursue the securities and Internet financial sectors."

"We must pursue it. There is no better main line in the entire market than the money-making effect of these two sectors."

"The opening of the 'Shanghai-Hong Kong Stock Connect' will directly benefit the weighted stocks in the A50 index area, so...if the market temporarily experiences a [-]-[-] trend, it would logically make sense."

"I think...as long as the market is still a bull market, it doesn't matter which main line it follows. It's just a matter of rising first or rising later."

"Yes, you still have to cover your stocks. At this time, the market volatility becomes greater, so frequent stock exchanges are the most taboo."

"Haha, that's what I'm saying...anyway, I'm holding on to the 'flush' check, and I won't let it go easily. Unless I really achieve a 10-fold increase, I will consider taking profit."

"I have just followed up on the 'Great Wisdom' check. I am optimistic that this check will catch up with the gains of the 'Flush' and 'Oriental Fortune' checks."

"I think that as long as the bull market pattern of the market continues, the growth rate of these three swordsmen of the concept of 'Internet stock trading platform' will not be bad. They are definitely bull stocks in the market."

Amidst the extremely heated and excited discussion...

The brief 5-minute suspension time passed quickly, and the market trading time came to 9:30.

After a brief 5-minute emotional brewing, the two cities once again ushered in the official trading period of continuous bidding transactions.

I saw that as soon as the two markets began to beat, the stock prices of a number of popular stocks that were watched by a large number of investors both inside and outside the market suddenly rioted. (End of chapter)