The investment era of rebirth

At 1:04, the related industry sectors and concept sectors in the core main areas of 'Big Consumption', 'Mobile Internet' and 'Smartphone Industry Chain', as well as their corresponding concept growth stocks, were all listed in 'Big Finance', ' Amid the trend of major infrastructure and military industry divesting and falling, short-term buying power ushered in.

At 1:05, the concept section of 'domestic software' changed.

At 1:06, a number of popular software stocks such as 'Netspeed Technology', 'Inspur Information', 'Huaguo Software'... etc. all rose higher.

At 1:07, the 'Apple Concept' section changed.

At 1:08, the two stocks of 'GoerTek' and 'Everwin Precision' suddenly surged, rising by more than 2%.

At 1:09, among the main areas of 'big consumption', the retail, beverage and food, and automobile sectors have received a certain amount of attention from major buyers.

At 1:10, the 'non-ferrous metals', 'petrochemical' and 'coal' sectors, which have been fluctuating at low levels, also received the attention of some major buying funds.

At 1:11, the 'film and television media' sector continued to lead the gains and expanded the market's gains.

At 1:12, the intraday increase of 'Netspeed Technology' reached 2.5%, and the amount of main funds on the market was able to show, and it began to show an obvious net inflow trend.

At 1:13, the intraday increase of 'LeTV' expanded to more than 3%.

At 1:14, the overall market style of the two cities began to further transform into the field of small and medium-cap concept stocks, and heavyweight stocks generally continued to fall.

At 1:15, the stock price of Huace Film and Television rose by more than 7% during the day.

At 1:16, 'Ciwen Media' hit the daily limit.

At 1:17, the daily gains of the securities and Internet finance sectors in the main line of 'big finance' fell back to within 1%. At the same time, the daily gains of the A50 index also fell back to less than 1%, while the daily gains of the Shanghai Stock Exchange Index fell back to within 0.6%. The increase has shrunk to about %.

At 1:18, the intraday increase in the check of 'Changying Precision' reached 5%.

At 1:19, 'Yingkou Port', a leading concept stock with the themes of 'Eurasian Economic Belt', 'Northeast Revitalization', and 'China-Japan-Korea Free Trade Zone', which had performed very strongly during the session, suddenly fell sharply. The market increase fell from more than 7% to less than 5%.

At 1:20, 'Huaxin Securities' intraday gains retraced to less than 1.5%.

At 1:21, the market increase of the check of 'Huagong International' shrunk to a flat position, showing signs of turning from red to green.

At 1:22, the market gains of the three core popular stocks in the Internet financial sector, Flush, Great Wisdom, and Oriental Fortune, all fell. Among them, the gains of the check of 'Oriental Fortune' were completely wiped out. The market trend of decline was reflected.

At 1:23, in the morning market, 'Blue Stone Reload', which once surged to an increase of more than 5%, also showed a clear downward trend.

At 1:24, all the industry sectors and conceptual theme sector indexes in the entire "big infrastructure" main line field continued to correct. Among them, the commercial real estate development sector showed an obvious diving trend, and the stock price of "Kumho Group" began to fall. From red to green, there is an obvious downward trend.

At 1:25, "Huaguo Construction, Huaguo MCC, Huaguo Railway Construction, Huaguo Communications Construction..." and many other "Huaguo" stocks fell one after another. Among them, the "Huaguo MCC" check The market trend turned from red to green, the main capital trading situation on the market, and the net outflow trend continued to increase significantly.

At 1:26, the Shenzhen Stock Exchange Index and ChiNext Index rose more than the Shanghai Stock Exchange Index.

At 1:27, the market trend of the two cities continues to tilt towards small and medium-cap concept stocks.

At 1:28, in the main line of 'military industry' concept themes, 'domestic aircraft carriers', 'domestic large aircraft', 'Beidou Navigation' and other conceptual theme sectors showed a clear downward trend. The entire 'national defense and military industry' main line made a comprehensive correction. Among them, 'Northern The "Navigation" check has plunged rapidly, with the market increase from about 2% to about 2 points underwater.

At 1:29, the market gains of the three major industry sectors of securities, national defense and military industry, and building materials fell out of the top five growth lists of the two cities. The replacement of these three major industry sectors was the Internet software, Internet applications, and retail sectors. At this point, all industry sectors and conceptual theme sectors in the three core main areas of 'big finance', 'big infrastructure' and 'military industry' have all seen a net outflow of main funds.

At 1:30, the Shanghai Stock Index began to rebound near the 0.5% intraday increase.

At 1:31, the intraday trading volume of 'Huaxin Securities' reached the 60 billion mark, showing a significant shrinkage compared with the previous trading days.

At 1:32, in the morning session, the stock of 'Western Securities', which was about to hit the daily limit, saw its intraday increase shrink to less than 3%.

At 1:33, the check of 'Fushun Special Steel' suddenly experienced a flash crash.

At 1:34, 'Founder Securities' fell again by about 3%, and its stock price fell back to around 3000 points on the Shanghai Composite Index. It continued to become the weakest heavyweight securities stock in the entire securities sector.

At 1:35, after the 'Shanghai Steel Union' check once hit a 6% increase in the morning session, the market increase has now fallen back to about 2%, which is likely to wipe out all the gains during the day.

At 1:36, the 'Shanghai Free Trade Zone', 'Eurasian Economic Belt', 'China-Japan-Korea Free Trade Zone', 'Maritime Silk Road on the Road to the New Era', and ' Many core conceptual themes such as "Reform and Reorganization of Central Enterprises and State-owned Enterprises" have completely retreated at this moment, and have all withdrawn from the top of the conceptual theme growth lists in the two cities. Moreover, the "Internet Finance" sector's current market growth has been completely wiped out. Gradually showing a downward trend.

At 1:37, the market decline of 'Huagong International' expanded to about 0.5%.

At 1:38, in the main line of 'big finance', the relatively stable banking and insurance sectors saw their market gains fall back to within 0.5%, and began to underperform the broader market index across the board.

At 1:39, the main capital flows in the three core main areas of 'big finance', 'big infrastructure' and 'military industry' have changed from a net inflow of more than 30 billion at the peak in the morning to a total net outflow of 3 billion. billions of results.

At 1:40, the "Shanghai Construction Engineering" check fell by about 2.5%, dragging down the entire "Shanghai Free Trade Zone" sector to continue to fall.

At 1:41, 'Kumho Group''s intraday decline expanded to 4%.

At 1:42, the three stocks of 'Flush, Great Wisdom, and Oriental Fortune' basically all retreated to near the flat position.

At 1:43, the 'film and television media' sector's intraday increase reached 4%. At 1:44, conceptual theme sectors such as 'mobile games', 'Internet online education', 'film and television production', 'celebrity participation', and 'celebrity holdings' have occupied the top positions in the growth lists of conceptual themes in the two cities, and their sectors The index gains have reached more than 3%.

At 1:45, following the check from 'Quantong Education', 'Huace Film and Television' began to hit the daily limit.

At 1:46, 'Huace Film and Television' closed the daily limit.

At 1:47, driven by the daily limit of "Huace Film and Television", the entire "Film and Television Media" sector, a number of stocks in the film and television production business, as well as stocks in the film and television investment direction, violently rose one after another. Among them, , 'Guangguang Media', 'Huayi Brothers', 'Yanjing Culture', 'Ciwen Media'... and other related stocks, the current market increase has reached more than 5%.

At 1:48, LeTV's stock price rose by 5% and hit a new high since the bull market, completely reversing the weak trend in the first half of the year and the middle of the year.

At 1:49, driven by the trend of 'LeTV', a number of conceptual theme sectors related to it also began to receive a large amount of major buying funds.

At 1:50, the intraday increase of 'CEFC Securities' returned to the 2% mark. At the same time, as the index dive completed and bottomed out again, 'Big Finance', 'Big Infrastructure', and 'Military Industry' A number of core main line-related industry sectors and conceptual theme sectors have also begun to rebound sharply at this moment.

At 1:51, the three stocks of 'Oriental Fortune, Flush, and Great Wisdom' all rose simultaneously.

At 1:52, the net outflow of major funds from the two cities began to significantly weaken.

At 1:53, the Shanghai Stock Index's market gain expanded slightly to about 0.7%, and it further launched an attack on the 1% increase position.

At 1:54, the growth rates of the two major industry sector indexes, 'Internet Software' and 'Internet Applications', expanded to about 2.5%, ranking third and fourth in the two cities' industry sector growth lists.

At 1:55, the intraday increase of 'Netspeed Technology' exceeded 7%, showing strong momentum to reach the daily limit.

At 1:56, the intraday gains of the Shenzhen Stock Exchange Index and the ChiNext Index returned to the 1.5% increase mark.

At 1:57, the market trend of the 'Huagong International' check gradually fluctuated upward from underwater, re-implementing the upward trend.

At 1:58, all of a sudden, whether it was 'big finance', 'big infrastructure', 'military industry' and other early popular themes, or 'big consumption', 'mobile Internet', 'smartphone industry chain', 'film and television media' Industry sectors that have been strong recently, or marginal main lines such as "non-ferrous cycle", "petrochemical industry", and "coal" that are relatively low and weak, have suddenly ushered in a general rebound trend at this moment.

At 1:59, the day's gain in the 'Securities' sector returned to a 1% gain.

At 2 o'clock in the afternoon, the Shanghai Stock Index returned to the 1% increase mark, and at the same time, it began to attack the 3600 point again.

At 2:01, the early-stage monster stock 'Bluestone Heavy Equipment' once again surged to the red, and driven by a large amount of buying funds, the stock price continued to rise.

At 2:02, the stock price increase of 'Blue Stone Reload' reached 3% in an instant.

At the same time, a number of oversold popular stocks such as 'Hua Ke Shuguang', 'Hua Ke Jincai', 'Aerospace Development', 'China Airlines Heavy Machinery', etc. followed up.

At 2:03, the market increase of 'Blue Stone Reload' broke through to a 5% increase.

At 2:04, the market gains of the three stocks 'Flush, Oriental Fortune, and Great Wisdom' once again broke through the 1% mark.

At 2:05, 'Enlight Media' hit the daily limit.

At 2:06, 'Enlight Media' reached its daily limit, and the intraday increase of the entire 'Film and Television Media' industry sector index successfully broke through to a new intraday high of 4.73%.

At 2:07, the Shenzhen Stock Exchange Index and ChiNext Index rose by more than 1.75%.

At 2:08, the intraday increase of 'Huaxin Securities' reached 2%.

At 2:09, the 'Internet Finance' sector's market rose by 1%. At the same time, the Shanghai Stock Index returned to 3600 points, and the two cities once again showed an extravagant market trend.

At 2:10, 'Blue Stone Reload' hit the daily limit.

At 2:11, 'Blue Stone Heavy Equipment' sealed the daily limit. At the same time, 'Flush, Great Wisdom, Oriental Fortune, Huake Shuguang, Huake Financial, Shanghai Steel Union...' and other stocks rebounded rapidly, and The entire 'defence and military industry' industry sector has achieved a big rebound.

At 2:12, the A50 index returned to the 1% increase position.

At 2:13, the Shanghai Stock Index began to stabilize at 3600 points, and continued to hit upwards.

At 2:14, all oversold rebounding stocks in the two cities began to accelerate their rebound. It seemed from the market... that the early profit taking and unwinding of arbitrage had begun to be cleared significantly, and the market chip structure had been transformed. .

"Looking at this situation, today's market trend should be worry-free, right?"

I saw that the major indexes in the two cities have returned to the upward trend after completing the violent intraday fluctuations. At the same time, the Shanghai Stock Exchange Index once again stood firm at 3600 points. At this moment, in Shanghai, Huatong Bank’s proprietary investment department, the main fund trading room, the fund manager Deng Jialun paid attention to the market trend, and his tense nerves finally relaxed, and he sighed: "After many twists and turns, it has finally stabilized. Looking at the market trend, profit taking and arbitrage should be cleared. It’s almost there, there won’t be much problem for the Shanghai Stock Index to stabilize at 3600 points in the short term.”

"I hope so!" After hearing Deng Jialun's words, Zheng Zhongming, the general manager of Huatong Bank's proprietary investment department, said with a smile, "Our institution has not reduced its positions much during this market correction. We hope that the index can stabilize here. Complete the main line market switching and trend change."

"Yeah!" Deng Jialun nodded and said, "But Mr. Zheng, looking at the market trend and the recent changes in market style, I feel that the main line of the market is indeed moving towards 'big consumption' and 'big consumption'" The main lines of the Internet' and 'Smartphone Industry Chain', as well as the line of 'Film and Television Media', have deviated. The market trends of the core main lines of 'Big Finance', 'Big Infrastructure' and 'Military Industry' are relatively different. It is still weaker than the market. Look...should we focus accordingly on the layout of the main market?"

"What do you think?" Zheng Zhongming looked at Deng Jialun and asked for his opinion.

Deng Jialun thought for a while and responded: "I feel that since judging from the market trend and the direction of volume and energy, the profit and settlement chips have almost been released, the market trend has almost stabilized, and the main line market style is heading upward. It is becoming more and more clear, then... in terms of our main line investment layout, we can appropriately reduce our holdings in some of the main areas such as 'big finance', 'big infrastructure', and 'military industry', so as to improve our investment direction. In terms of focus, investing in the main areas of 'big consumption', 'mobile Internet', 'smartphone industry chain', and 'film and television media' is slightly cheaper and more focused... Although the basic logic is fundamentals conversion situation, but we still have to follow the market trend and wind direction. Only in this way can we obtain corresponding excess returns." (End of Chapter)