Rebirth of the investment era

"Okay!" Zhou Qiang responded, and then quickly issued trading instructions to the traders.

Subsequently, traders executed trading orders one after another and used the capital accounts they operated to further sell off stocks held in the 'military industry' sector on a large scale.

At 10:26, the 'Military Industry' sector index, which had already retreated to near the opening position, began to fall further, showing an extremely weak trend. Among them... Hongdu Airlines, which had once sealed its daily limit, within a few minutes , the increase dropped back to around 6%.

However, the once-vibrant concept field of ‘military industry’ quickly fell back, and main funds continued to flow out significantly.

As the core hot topics in the two cities, the two main areas of ‘infrastructure’ and ‘state-owned enterprise reform’, the indexes of various concept sectors and industry sectors are still slowly fluctuating higher.

Of course, the market situation is closely surrounding the two main themes of ‘infrastructure’ and ‘state-owned enterprise reform’.

The best-performing and most enthusiastic money-making effects are still the concept sectors such as 'Public Transportation', 'Shanghai Free Trade Zone', 'Smart City', and 'High-speed Rail' that showed strong strength at the beginning of the market.

At 10:31, in the "Shanghai Free Trade Zone" concept sector, which led the two cities to rise, more than 6 low-level concept stocks hit the daily limit. In the entire sector, the main funds showed signs of accelerating the inflow, setting off a rising limit wave.

At 10:35, the Shanghai Stock Exchange Index rose to 2245.49 points, setting a new intraday high and a new rebound high. The increase exceeded 1% and reached 1.16%. At the same time, the Shenzhen Stock Exchange Index, the ChiNext Index, the Small and Medium Enterprises Index and other indexes, The increases have also rushed to more than 0.5%, and a general rise in the two cities has taken shape.

At 10:42, Beixin Road and Bridge, the popular leader in the two cities, returned to the 8% position, and it is likely to continue to hit the daily limit.

At 10:46, the small and medium-sized board and GEM pointed the direction. There were some changes in the field of "growth stocks" with "mobile Internet" and "smartphone industry chain" as the core. Huaqingbao, Wangsu Technology, and LeTV showed straight lines. Pull up.

At 10:51, the Shanghai Stock Exchange Index stood at the 2250-point mark, and the trading volume between the two cities exceeded 60 billion.

At 10:55, Beixin Road and Bridge hit the daily limit again with nearly 17% of the hands changing.

At 10:56, the daily limit of Beixin Road and Bridge was sealed, and the transaction volume exceeded 500 million, achieving the third consecutive daily limit, further opening up the market’s speculation space in the two main areas of ‘infrastructure’ and ‘state-owned enterprise reform’.

At 10:57, driven by the Beixin Road and Bridge sealing the daily limit and further opening up the market speculation space, the early popular leading stocks in the two core main areas of 'infrastructure' and 'state-owned enterprise reform', such as Shibei High-tech and Shanghai Sanmao , Shanghai Steel Union, Shanghai Construction Engineering, China Fortune Land Development, Kumho Group... and other stocks, there are signs of a rapid rush for funds on the market, and the stock prices have risen sharply.

At 10:59, as the core popular stocks in the fields of "infrastructure" and "state-owned enterprise reform" collectively rioted and rose, the Shanghai Stock Exchange Index also showed a straight upward trend, breaking through 2255 points and 2260 points in one breath, directly The intraday high was refreshed to 2263.33 points, and the increase also climbed straight to nearly 2%.

Immediately afterwards, at 11 a.m., among the nearly 2,000 stocks in the two cities, the number of red stocks reached 90%, and the money-making effect reached the peak after the opening.

"Market volume can be released, and sentiment has followed up very well."

When the Shanghai Stock Index broke through all the way and was approaching a 2% increase, inside Yuhang and Yuhang Investment Company, in the fund trading room, Li Meng stared at the rapidly changing market prices of the two cities and said with a smile: "Today's entire market situation, the level of It’s very strong. Now the general rise in the two cities has basically taken shape. There shouldn’t be any surprises in the subsequent trend, right?”

"Yeah!" Su Yu responded with a smile, "If there is no special bad news in the market during the closing period at noon, the index should remain strong until the closing, but..."

Su Yu paused and then continued: "In the subsequent market trading hours, the increase in the index should not deviate too far from the current position. After all, the volume this morning was a bit too large, and the market in the afternoon will definitely not be able to take over. It will be as strong as in the morning, and the power of the index to continue its upward impact will gradually weaken as the subsequent trading hours progress."

"There is no need for a big positive line breakthrough." Li Meng said, "At this position, it would be great if the index can maintain a strong state, continue to fluctuate, adjust the chip structure on the market, and at the same time further gather the market's money-making effect and investors' long sentiment. If it goes too fast, the internal chip structure will be unstable, which is not a good thing.”

After following Su Yu for a long time, she analyzed the market trends under the influence of her ears and eyes.

It is also becoming more and more transparent.

She could now clearly sort out the investment logic and market trends that she couldn't understand before, and find out the opportunities and risks.

Of course, in actual application, she is still not as precise and decisive as Su Yu.

But compared with her before, she can feel that her investment ability has grown significantly, and she can realize that her investment thinking and thinking are now very different from before.

"Master, today's changes in the military industry sector don't feel normal!" While Li Meng was deep in thought, Liu Yuan interjected, "When the index was not so strong at the beginning of the market, this sector performed quite strongly, and once rushed to the top of the two cities. At the top of the gainer list, but now that the index has continuously crossed the threshold and the entire market has shown a strong money-making effect, this sector has become even weaker, falling step by step from the top of the gainer list of the two cities to the bottom of the two cities. Top of the list of declines.”

"It's not normal." Su Yu had already observed the abnormal performance of the 'military industry' sector, and asked the many traders behind him with a smile, "Then what do you think... What caused this sector to have such an abnormal trend today? "

"There must be something negative!" Wang Can replied first, "The capital flow of the entire sector has shown a large outflow, and in the market trading, it continues to be weaker than the performance of the two city indexes. The major core stocks in the sector have Selling is also emerging one after another, which can only mean that there are potentially important negatives, and the main funds will sell chips at low levels and escape from this area.”

"Oh?" Su Yu heard Wang Can's words and continued to ask, "Why did this sector rise at the beginning of the market? If there is a potentially important negative impact, then this sector should be in a weak state after the market opens. There is no reason to get out of this kind of pulse-like fluctuations of sharp pulls and sharp drops."

Wang Can smacked his lips when he heard Su Yu's words. He didn't know how to analyze this trend for a while.

"It should be caused by the continuous outbreak of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', which caused the market siphon effect." Zhao Lijun took over and said, "Looking at the overall market performance, it is not just the military industry that is bucking the trend and falling at the moment. "Big financial" fields such as banking, insurance, and securities, as well as the consumer and pharmaceutical sectors, are also sluggish today. Among them, banks and securities are weaker than the military industry, and they are also bucking the downward trend of large capital outflows."

Su Yu heard Zhao Lijun's analysis, nodded slightly, and said: "There is a reason for the main market trend and the fund siphoning effect on other weak areas, but again...simple 'fund siphoning' cannot explain the Panchu military industry." A straight-line rise, a pulse trend that once exploded."

"The sudden explosion in the military industry sector at the beginning of the market should be a bullish move, right?" Zhu Tianyang, a core trader, answered.

Su Yu glanced at Zhu Tianyang with a smile, somewhat relieved, and continued to ask: "From now on, it is obvious that the sharp pull in Panchu is to lure bulls, but what is the purpose? What is the purpose of the main funds to lure bulls?"

"The purpose of attracting more money is naturally that the main funds want to sell at a high level." Liu Yuan answered, paused, and after Su Yu's reminder, she had roughly clarified the logic of market changes in the 'military industry' field, and her eyes lit up. , continued, "I understand, Master... This is the main force lurking in the 'military industry' field, taking the opportunity to induce long selling and complete the move of position adjustment."

Su Yu nodded and said with a smile: "To be precise, it is through the position data released by our fund that there are a few positions in the military industry to induce bullish moves and induce some investor groups in the market to follow suit in an attempt to increase the number of military industry positions." The market liquidity in the field allows them to better exit positions and at the same time reduce losses when exiting positions.”

"If what I expected is good..."

Su Yu paused and said: "This should be a self-rescue and position adjustment behavior directed and performed by a large organization in the 'military industry' field."

"Speaking of which, this main force's withdrawal from the 'military industry' field is also considered smart."

"However, the investment logic in the military industry essentially requires strong external events and policy stimulation. Currently, there is no such favorable east wind in this direction."

"So, even though this main force of funds had a short-term trend of linear riots at the beginning of the market."

"However, due to the lack of basic investment logic and the serious lack of funds for following the trend and the main forces following the trend, the market failed to pull up, and this resulted in pulse-like fluctuations of highs and lows."

"Of course, when the market pull fails and the market gradually falls back,"

"The fact that the main funds in this sector can flow out so much and the selling price can be so heavy is also due to what Li Jun said is the 'fund siphoning' effect on this sector in the main line of market conditions."

"And, it's foreseeable..."

"With the market situation, it is increasingly converging on the two core themes of 'infrastructure' and 'state-owned enterprise reform'. There is a lack of basic logic driving the market, obvious money-losing effects, and there is currently no room for imagination and future expectations in industry areas and sectors. , this 'fund siphon' effect will become more and more serious."

"All in all, the incremental funds in the market are still unable to support a comprehensive and sustained market situation."

"No matter how the market conditions and emotions are interpreted, the market will only produce partial investment prices, and its differentiated trend will not change in any way."

"I understand!" Liu Yuan responded.

In the trading room, other traders understood Su Yu's words to some extent.

"If the market has always been partially differentiated, then it should be difficult for the index to truly stand on the bull-bear line of 2,500 points, right?" After listening to Su Yu's analysis, there was silence for a while, and Zhao Lijun continued, "So... the index It has to remain in a volatile situation for a long time, and our profit-taking targets on the two core themes of 'infrastructure' and 'state-owned enterprise reform' are probably about the time when the Shanghai Stock Exchange Index hits around 2,500 points."

"That's almost it." Su Yu nodded slightly, "But this is just our preliminary expectation. How will the market go next? The continued inflow of incremental OTC funds, what level the volume and energy will reach, and from a macro perspective, Whether any major positive news is released that exceeds expectations...these are all variables."

"It's closed!" Li Meng suddenly reminded during the discussion.

At this time, Su Yu came back to his senses and turned his attention back to the two markets that had been fixed.

After two hours of continuous trading in the morning, the Shanghai Stock Exchange Index finally settled at 2255.37 points, up 1.62%, while the Shenzhen Stock Exchange Index and ChiNext Index rose 1.26% and 1.08% respectively. The two cities had a total turnover of 72.136 billion. Compared with the same period before the holiday, the volume Can have obvious amplification performance.

And besides index performance…

The core of the market speculation in the two cities still revolves around the two main lines of ‘infrastructure’ and ‘state-owned enterprise reform’.

Among them, the 'Shanghai Free Trade Zone', 'Public Transportation', 'Rural Revitalization', 'High-speed Railway', 'Real Estate' and other sectors led the gains, while the 'Military Industry', 'Bank', 'Securities', 'Pharmaceutical' and other sectors Leading the decline, the two main lines of 'mobile Internet' and 'smartphone industry chain' closely followed the fluctuations of the market index.

As for individual stocks, Beixin Road and Bridge, the conceptual leader of the two cities, continued to close its daily limit and continued its strong momentum. Shibeixin rose 6.37%, Shanghai Steel Union rose 5.22%, Shanghai Sanmao rose 4.89%, Hi-tech Development, Shanghai Construction Engineering, Huagong International and other ticket prices increased by more than 3%.

‘Infrastructure’ and ‘state-owned enterprise reform’ are popular large-cap stocks in the early stages.

Stocks such as China Railway, Huaguo MCC, Huaguo Communications Construction, Huaguo Construction, Gemdale Group, Huaguo Steel, Conch Cement, etc., rose slightly more than the Shanghai Index, ranging from 2% to 3.5%, and they all showed high prices. The volume is high, the pattern is strong and volatile, and the trading is very intense.

Faced with this midday closing situation...

The investor groups in the entire market are quite excited and excited.

After all, except for a few weak sectors, the overall money-making effect of the market is extremely strong, and the index almost closed near the highest point in the session when it closed at noon. Whether it was investors who followed up in the early trading or after 10 o'clock in the morning, Investors who chased at high prices basically made money when the market closed at noon.

"It's a good start, I'm telling you, the market will definitely be better after the holidays."

During the lunch break, on the online stock trading forum, groups of retail investors who made money expressed their opinions with high spirits and excitement.

"Haha, the volume has increased sharply. Sure enough... after the index crosses 2200 points, it is really flat."

"This wave, we will see at least 2,500 points."

"What are you looking at at 2,500 points? It goes straight up to 3,000 points. Even Mr. Su said this is the starting point of the bull market. Is there any pattern?"

"Haha... Indeed, it must be 3,000 points!"

"Today's market conditions are still hyped around the two main lines of 'infrastructure' and 'state-owned enterprise reform'!"

"However, the specific concept of speculation seems to be different from before the holiday."

"Well, there is a difference. Today, China Railway, MCC, China Communications Construction, Huaguo Construction...the two major popular core stocks of 'infrastructure' and 'state-owned enterprise reform' before the first vote have nothing to do with it. On the contrary, many mainline stocks with less pure concepts that previously lagged behind these popular stocks have risen very well.”

"Yes, concepts like the 'Shanghai Free Trade Zone', 'public transportation', 'high-speed rail' and other concepts, many stocks in the sector have risen far more than the previous batch of popular stocks."

"Speaking of which... today is more like a compensatory rise for low-priced stocks."

"To be precise, it is more like the low-priced stocks within the two core main lines of 'infrastructure' and 'state-owned enterprise reform' to make up for the gains. Other low-priced stocks, such as a large number of low-priced stocks in the banking, securities, and military industries, are still not there. How can we move, and there are still many votes, which is a new low."

"The performance of the military industry sector today is truly outrageous!"

"It's not just outrageous, it's outrageous."

"Hey, stop talking. I chased Hongdu Airlines in the early trading, and now I'm so angry that I'm vomiting blood. What the hell... what kind of rubbish main force? Such a good market trend can't even be blocked by the first board."

"The military industry is obviously trying to lure more people today, but luckily I didn't get involved."

"Let alone the military industry, banks and securities, two super large sectors, must not rise."

"Yes, it's no good when securities rise. Fortunately, there is no money to sell securities today, otherwise the market will be dangerous. I hope this sector will not move in the afternoon, giving the market a chance to cross the three lines."

"However, although today's market conditions are a bit like switching between high and low within the sector, Beixin Road and Bridge, the leading stock, has still reached a new height of market speculation."

"Indeed, indeed...the strong are always strong!"

"If there are three, there are five. After Beixin Road and Bridge changed hands significantly today and hit the daily limit, it should be able to show that the chip structure of this stock has changed from divergence to consistency, right? Maybe it can be connected in the future."

"I also feel that this leading stock can still connect, but I didn't dare to buy it today, mainly because the change of hands was too big."

"Looking at the after-hours dragon and tiger ranking data in the afternoon, if Mr. Su is still locked up, it is estimated that Beixin Road and Bridge will be on an accelerator in the future."

"Hey, compared to Beixin Road and Bridge, Shibei High-tech Zone still feels much weaker!"

"After all, Long Er, you can't have too high expectations."

"But looking at the change of hands in Shibei High-tech, maybe there will be another deal in the afternoon."

"Comparatively speaking, the Shanghai Stock Exchange's San Mao is not bad. I feel that the 'Three Musketeers of the Shenzhen Stock Exchange' will join forces to create a monster stock."

"It feels like you can buy it. Looking at the trend... these tickets should not have reached the top."

"I didn't say anything, I will continue to increase positions in the afternoon. This May should be the best time to make money in the first half of the year."

"Yes, the two main lines of 'infrastructure' and 'state-owned enterprise reform' are definitely the strongest market main lines this year. They can be compared to last year's 'mobile Internet' and 'smartphone industry chain'."

During the heated discussion, time quickly moved from 12 noon to 1 p.m.

When the time passed 1 o'clock in the afternoon, the stagnant disks in the two cities began to beat again. After the emotions brewed at noon, the two main areas of 'infrastructure' and 'state-owned enterprise reform', which are the core concerns of the market, saw a rise in popularity, On the market, popular stocks have seen a large number of people follow suit and rush to raise funds, causing their stock prices to rise linearly.