Rebirth of the investment era

Under the surging selling orders, the Shanghai Composite Index started to dive rapidly downward again at 2:46. In just three minutes, it once again broke through the 2270 point mark.

Immediately afterwards, at 2:48, the Shanghai Stock Index reached 2267 points.

At 2:50, the Shanghai Stock Index reached 2264 points.

At 2:55, the Shanghai Stock Index reached the 2260 point mark, reducing the day's gain to about 5%.

Finally, when 3 o'clock in the afternoon came and the two cities ushered in the closing moment, the Shanghai Index rebounded a little and settled at 96 points, up 63%, while the Shenzhen Index and the ChiNext Index rose 49% and 37% respectively. According to In terms of the closing situation, although several major indexes fell back a lot in late trading, overall, a relatively good positive rebound trend was formed, especially in terms of volume performance in the two markets. Compared with yesterday, the volume was only slightly smaller. a little.

This shows that at this position of the index, market investors are very active. At the same time, it also shows that the exchange of chips on the market is good and the market has a good mood to follow the trend.

"It seems that it is not easy to break through the 2300 point position in one go!"

Seeing such a closing situation, at this moment, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan said with emotion: "With today's trend, the upward trend in the late trading is obviously weak. I feel that the index will be weak in the next few trading days." We still have to go back to 2200 points to confirm the support.”

"Although the index did have some weakness in the late trading, overall, the market's money-making effect is still expanding." Next to Zhou Kan, Xu Xiang briefly observed the market for a while and responded, "As long as the market makes money If the effect continues to expand, then the problem is not big. At this time... we can lighten the index a little and focus on individual stocks."

"Light on the index, heavy on individual stocks!" Zhou Kan thought for a while and said, "But the main lines of 'infrastructure', 'military industry', and 'Internet finance', as well as a number of popular concept stocks, have not rebounded at the same height in the past two days. Low, especially for the popular concept stocks with large-scale positions built by the 'Yu Hang Group' funds, they basically have two daily limits in a row, and the subsequent market continuity... When the Shanghai Stock Index cannot quickly break through 2,300 points, it continues to open up space. Come on, I’m afraid I’m suspicious!”

Xu Xiang said with a smile: "There are shocks, but this is far from the climax of the hype. Although these popular concept stocks have rebounded violently, generally exceeding the rebound range of the market index, they have rebounded too quickly. , in fact, the investor groups that follow the trend don’t get many chips.”

"In other words, the chips for these popular concept stocks are still relatively scarce at this stage."

“At the same time, emotions are intensifying due to the large-scale admission of ‘Fortune Road’.”

"The bullish sentiment in these popular concept stocks is still the strongest area in the market. If the subsequent market continues to break through for a period of time, there will not be much problem in the short term."

In his opinion...the market's bottom chip structure has just completed a large-scale transformation.

At this time, the market has just begun to unfold. It can be said that all shocks and short-term retracements are relatively good opportunities to increase positions and buy.

"Can we continue to break through?" Zhou Kan was slightly stunned, and his opinion was slightly different from Xu Xiang's, and said, "But today's market prices in the entire field of 'big infrastructure' have diverge. There will be more hype in the future. High? And there shouldn't be any big moves in the funds of the 'Yu Hang Group' today, right? Faced with the relatively heavy short-term accumulation of profits in the field of 'infrastructure', the follow-up incremental funds can really push the stock price up for a while. ?"

Xu Xiang responded with a smile: "Although the market has diverged, the trading volume of related popular concept stocks has not increased, and compared with yesterday, it has shrunk relatively. This proves that the chips on the market are well locked in, although the stock prices have generally risen sharply. , but the changes in chip structure are still very good.”

"In that case..." Zhou Kan paused and asked, "Then how should we formulate a trading strategy next."

Xu Xiang pondered for a moment and said: "Hold the stock and wait patiently. At this position, a relatively aggressive trading strategy is far more suitable than a conservative trading strategy."

"Okay!" Zhou Kan nodded, paused for a while, and then said, "The 'military industry' line seems to be a little independent of the market this afternoon."

Xu Xiang nodded and responded: "There are indeed obvious signs of new main funds entering the market."

"It seems that the core logic of this main line is gradually being recognized by more major funds in the market." Zhou Kan smiled and said, "It also shows that our previous judgment was not wrong. There should be some potential in this direction." Good news, or the core hype logic."

"Yes!" Xu Xiang nodded and asked, "Old Qiao... is there any new news on the 'military industry' line?"

Zhou Kan shook his head and responded: "I haven't heard about it yet."

"What about the macro market news?" Xu Xiang thought for a while and continued to ask.

Zhou Kan pondered for a while and responded: "Others, there is no particularly important news. Oh... By the way, there seems to be new progress regarding 'pension funds entering the market'. I heard that it was a subsidiary of the former China Investment Group Qian, the general manager of Huijin’s asset management department, seems to have been transferred to the newly established ‘Pension Asset Management Center’ as the director, and he should be fully responsible for and promote the ‘pension market entry’ related matters.”

"General Manager Qian of Huijin's Asset Management Department?" Xu Xiang thought for a while and said, "He has been transferred. It seems that the matter of 'pension funds entering the market' is indeed beginning to take shape. What's more, In terms of macro-level financial policies, as well as the news and policy promotion on the Shanghai-Hong Kong Stock Connect and the reform of state-owned enterprises, what are the new developments?"

Zhou Kan thought for a while and said: "Regulators have publicly warned the market several times about the 'Shanghai-Hong Kong Stock Connect'. What is certain is that this matter will definitely be fully opened in the second half of this year, allowing funds from the north and the south to Both A-shares and Hong Kong stocks can flow, which is a relatively public benefit. As for the 'state-owned enterprise reform'... the promotion is indeed very strong. There is a wave of mergers and reorganizations between state-owned enterprises and central enterprises and companies with the same business. It should be getting closer, which is why the concept of 'state-owned enterprise reform' has been so strong in the past two or three months."

"Oh, right……"

Speaking of this, Zhou Kan remembered something again and said: "It seems that the mergers and reorganizations, internal reforms and asset securitization of military industry enterprises have begun to spread. I am wondering whether this is the 'military industry' line. The core hype logic and future expectations.”

"Securitization of military industry assets?" Xu Xiang narrowed his eyes after hearing these words and said, "If the top management is really blowing the wind in this direction, then the hype logic and future expectations of the 'military industry' line will still be there. It’s really not a small thing, and it’s worthy of a big fight.”

"Let Old Qiao pay more attention to this news..."

"Spring River Plumbing Duck Prophet, the market's main capital trends will not lie. Since the 'military industry' line continues to get stronger and stronger, and more and more main funds enter this field, it is bound to be in this direction. There will be potential benefits or hype logic."

"Okay!" Zhou Kan nodded in response and added, "There is also the recent surge of hot money outside the market, which seems to be getting worse, especially the P2P platform where private capital is active. The financial effect and participation of There are more and more capital groups, and at the same time, there seems to be an investment boom in the primary market due to the influx of all kinds of hot money. The private equity investment market has also begun to become overheated. stage."

"I think……"

Zhou Kan paused and said: "In the context of 'mass innovation and mass entrepreneurship', the concept of 'venture capital', which has been largely abandoned by major funds in the market, should have certain opportunities for speculation."

Xu Xiang thought for a while and said: "Forget it, the heat in the primary market is not linearly transmitted to the secondary market. Speculating on secondary market stocks based on the reaction of the primary market is like speculating on spot prices based on futures prices." The company's stock is somewhat unreliable, and with the IPO in full swing, even if there is an opportunity for a rebound from oversoldness in the 'venture capital' line, its long-term speculation logic and expectations cannot be opened up, and it is difficult to attract the majority of investors in the market. The group unanimously agrees that it is difficult to participate in the market. When the market has a better main line to make money, the price/performance ratio of this line is not high at all. We do not need to waste too much time and experience in this line."

"On the contrary, the hot money you just mentioned has begun to flow into the private equity investment market and P2P financial market in large quantities."

"This is a good market signal!"

"I think so too." Zhou Kan said with a smile, "It can be seen from these signs that, generally speaking, the market's financial situation is improving. As long as the A-share market can continue to make money and open up continued room for growth, then The hot money that is pouring into the primary market and the P2P financial management market has a high probability that it will eventually flow into the property and stock markets with better liquidity."

"More than that." Xu Xiang said, "Hot money is surging into the capital market and into the big reservoir of the property market. Then the previously high inflation rate should come down. In this way... the central bank should have more in its hands. There are many cards that can be played, and it is not impossible for the monetary policy to change!"

"It depends on the Fed's movements, right?" Zhou Kan said, "If the Fed is hawkish and continues to raise interest rates, then even if our central bank has the cards, it will probably be difficult to play them out!"

"Currently, the correlation is not so strong." Xu Xiang said, "Let's take a look first. I always feel that the domestic market is at this position and at this point in time, there should be a strong explosive market. After all, News, funds, policies, and emotions are all beginning to move towards a consistent and resonant path."

"Is... is it really possible for a 'bull market' to break out?" Zhou Kan asked in surprise.

Xu Xiang smiled and said: "No one can accurately predict this, but it can be clearly felt that the situation inside and outside this year is obviously better than last year. In the direction of the main board, after valuations have been compressed to the extreme, regardless of fundamentals and news The situation is about to reverse, and you can feel that the market's spring is clearly relaxing."

"And in the emerging industries focusing on the small and medium-sized board and the GEM, there are a lot of 'growth stocks' directions."

"With the rapid growth of emerging industries and the rise in market valuations driven by the surge of hot money, its potential speculation logic and future expectations are also continuing to strengthen."

"But what everyone expects is that the property market will continue to boom after the real estate industry is loosened." Zhou Kan said, "Since the development of domestic commercial real estate, there has never been an economic boom where the property market and stock market broke out at the same time, right?"

Xu Xiang said with a smile: "Expectations are expectations, but the specific changes can only be based on the actual trend of the market, and history often does not repeat itself. If we are trading, we must always follow historical performance. If you use reference, you will only fall into a thinking trap, unable to objectively see the essence of things, let alone accurately judge the market situation.”

"Okay!" Zhou Kan responded, then stopped talking and lowered his head again to continue reviewing.

As the two continued to review, analyze, and discuss, the time had unknowingly arrived at 5:30 pm, and the rankings of the two cities were refreshed.

After one day of intense trading, a total of 26 stocks were on the list.

Among them, relatively similar to yesterday, more than half of the 26 stocks on the list belong to the popular main lines of 'infrastructure', 'military industry', and 'Internet finance'. The only difference from yesterday is that today's 'Fortune Road' Almost disappeared, only appearing in one or two large-cap stock buying seats of China Railway Construction and Gemdale Group, and the net buying volume was not large, only 10 or 20 million, compared with yesterday's orders that easily exceeded 100 million. The net buying volume of this stock is nothing to mention.

Of course, except for the sharp drop in the net purchase amount disclosed by Fortune Road on the list.

The overall data performance of the Dragon and Tiger List in the two cities is still very strong, and the total trading volume of all disclosed buying and selling seats is still in a state of substantial net buying. Among them, the largest net buying of institutional seats, single 'Gemdale Group' For one stock, the net purchase amount of institutional seats reached 800 million.

"Mr. Su's 'Wealth Road' small buy lock-up, hot money is still active, and institutional groups have increased their positions on a large scale. Although today's Dragon and Tiger list data is not as shocking as yesterday, it is still quite eye-catching. I feel that the market is next... It can definitely still rise, and it will directly point to 2,300 points tomorrow!”

After seeing the data of the two cities' dragon and tiger rankings, the discussion among the majority of investors on the entire Internet also soared again.

"The popular concept stocks in the major main areas of 'infrastructure', 'military industry' and 'Internet finance' are really strong! For example, MCC, Beijiang Communications Construction, Shanghai Construction Engineering, Pudong Construction, Gemdale Group, Tianshan Cement, Hengsheng Electronics, Hongdu Airlines...the trading seats disclosed by this series of stocks, the main funds are still in a state of substantial net buying, which shows that the main funds are still rushing to raise funds."

"There is basically a clear opportunity to make money. Wouldn't it be stupid not to rush for funds at this time?"

"Sure enough, Mr. Su's 'Fortune Road' did not sell a single share of its stock today. The boss is still a boss after all!"

"The 14 stocks on the 'Fortune Road' list yesterday all hit the daily limit today. It can be said that as long as you can buy them, you will not lose money. After Mr. Su made the move, the success rate was 100%. I really don't know why. When can we break it? This bargain hunter... is really awesome."

"The real guiding light of the market, do you think you are joking?"

"If you buy it, you will earn it. This is absolutely true when it comes to Mr. Su's 'Fortune Road' seat."

"Today Mr. Su is still increasing his positions in Huaguo Railway Construction and Gemdale Group. It seems that he will grab these two stocks tomorrow. It also shows that the market situation in the 'infrastructure' line is far from over."

"Comparing the main line of 'infrastructure' market conditions in April and May, this has just begun."

"Yes, the market has just begun. I am optimistic that the Shanghai Stock Index will rise to 2,500 points this time. I am optimistic that the 'infrastructure' line will lead to a market that at least doubles."

"Beixin Road and Bridge, the leading stock on the main line of 'infrastructure' in the last wave, rose 4 or 5 times. For the leading stock in this wave, the market should not be lower than this room for growth, right?"

"That's for sure, and...if the Shanghai Stock Exchange Index can really successfully stand at 2,500 points and open up the bull market space, then the room for growth of leading stocks will probably increase by 10 times."

"Considering a 10-fold increase, the check from 'Beijiang Communications Construction' should make this possible, right?"

"After all, other popular concept stocks are relatively small in size. If they really increase by 10 times, the market value will be too large and unrealistic."

"There is no doubt that in this wave, 'Beijiang Communications Construction' is definitely the core leading stock."

"I also think this check is the overall leader in the current market."

"Hey, this check has rebounded by more than 30% in two days. I really regretted going to my grandma's house for not buying this check at the bottom yesterday."

"It's not too late to catch up tomorrow. As for the concept leader, as long as you have faith, you can get on board at any time."

"Hopefully! But today's market movement at the end of the day... To be honest, there are some problems. I'm worried that if the external market continues to fall tonight, the Shanghai Index will hit 2,300 points tomorrow. I'm afraid it will still be a problem, and maybe it will continue to rise. Step on 2200 points to confirm the breakthrough.”

“No one can say for sure about the short-term forecast of the index.”

"Don't pay too much attention to the index. Anyway, just follow Mr. Su's 'Fortune Road' and buy. If you only buy the 'Fortune Road holding concept stocks', you should be able to make money with a high probability."

"The Shanghai Stock Index failed to reach 2,300 points today, which does have some shortcomings, but this should not affect the entire rebound trend."

"As long as the 'big infrastructure' line can be maintained, rebound will not be a problem."

"Hey, the market is going so strong against the trend today, maybe it will be good in the evening?"

"In addition to Mr. Su's 'Fortune Road', Mr. Zhang's 'Chunhui Road' today, and Mr. Xu's 'Liberation South Road' are all locked up. So many big guys continue to be optimistic. The market should not be affected in the short term. It’s down, I didn’t add much position today, I will continue to add tomorrow, since the Shanghai stock index is below 2,300 points, I can only buy but not sell.”

"Yes, just buy and not sell. When the opportunity finally comes, you must seize it."

"Only by following the big guys can I have meat to eat. Anyway, I am Mr. Su's 'way to wealth' and I can't find a way out, so I will hold on to it and not sell it. If the main funds in the market have the ability, then just use the floor to wash it." I."

"Haha, same, same...with so many historical lessons, it is definitely the 'road to wealth' that cannot be taken, and I will not take it!"

Amid the heated discussions among many retail investor groups, the bullish market view still has an overwhelming advantage compared to the bearish market view. Moreover, with the stimulation and guidance effect of the 'Wealth Road', the market has followed the trend of lock-up groups. In other words, there are more and more investor groups with this intention.

At the same time, in addition to the vast number of retail investors.

Institutional groups, their operating strategies and market views have also begun to tilt in the same direction.

Even in the evening, as the bullish sentiment in the market continued to brew and ferment, while brokerage institutions, financial media, and stock commentators still worked tirelessly to sing the praises publicly, the regulators seemed to think that the market sentiment was not brewing enough and continued to pour news into the market. Some positive news on the market has added fuel to the market sentiment.

However, everyone's unanimous expectations and enthusiastic emotions are always contrary to the trend of external markets.

Already in the past two days, the US stock market, which has experienced two years of decline, opened late at night. The market expected that the semi-annual report results of the giant company "Apple" were not ideal, and the stock price of "Apple" also plummeted. , continued to open lower and move lower, forming a continuous downward trend of three consecutive losses.

Similarly, due to the impact of the sharp decline in the stock price of US stocks and Apple.

The next day, around 8:30 in the morning, the Asia-Pacific stock market, which had already opened, continued to show a green tone. Among them, the global 'Apple industry chain' companies in each market were abandoned by the main funds and showed sharp declines. trend.

Then, faced with the relatively unsatisfactory trends and form trends of the Asia-Pacific stock market and the global stock market.

A-shares, where bullish sentiment was brewing last night, were once again suppressed before the market opened. Bearish views gained ground, and the originally bright market expectations were once again cast a shadow.

"Boss, do you think the Shanghai Stock Index can still be independent of the world today, buck the trend and strengthen, and continue to break upward?"

The market sentiment was brewing before the market opened. At 9:10, inside Yuhang and Yuhang Investment Company, in the main fund trading room, Wang Can scanned the Internet for discussion topics related to the stock market that had changed greatly, and turned to Su Yu Xun said: "I feel that the global stock market, especially the US stock market, has indeed had the characteristics of a head, and the trend is quite dangerous. I can't say... everyone's worries about the external market may really bring the Shanghai Stock Index down again. , in that case...our previous large-scale layout will be in vain."

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