Rebirth of the investment era

"U.S. stocks have a head shape?" Su Yu was slightly startled when he heard Wang Can's words, and then said with a dumb smile, "How did you see that the U.S. stocks have a head shape?"

According to Su Yu’s historical memory.

During this period of time, the U.S. stock market will continue to be in a bullish pattern for many years.

Even if we look at the market outlook five or ten years from now, the current Dow and Nasdaq are at the bottom of a majestic mountain, not even reaching the mountainside.

"In terms of technical form!" Wang Can responded.

"Technical form?" Su Yu said with a surprised look in his eyes, "The investor ecological structure of U.S. stocks and A-shares is different. The so-called technical analysis is of no use at all for the macro trend of U.S. stocks. Furthermore... the global "mobile" The dividends of the "Internet" have just begun, and the new global economic growth engine has just begun to gain momentum. It is too early to say that the crisis is over at this time. "

"As for the turmoil caused by Apple's second-quarter performance expectations, it is amidst the rolling market tide. "

"It's just a small wave so tiny that it's almost invisible."

Having said this, Su Yu paused for a while, thought for a while, and continued: "Market technical analysis is only an aid to trend judgment. As market traders, we must not put the cart before the horse. Also... although we are in the market , but in addition to the market in front of you, you should also pay attention to the news outside the market. You should not follow what others say, and do not easily guess the top or bottom. Qualified investors must know how to guide emotions, rather than being coerced by market emotions and losing their original intentions. psychological judgment."

"Boss, what do you mean...the trend of the external market is only a short-term adjustment?" Wang Can didn't seem to fully listen to Su Yu's words. He pondered for a moment and then asked, "Do you think the long-term trend of the US stock market is still the same?" Is it upward and can it reach new highs?”

Su Yu nodded slightly and said: "This is inevitable. Judging from the global economic data in the past year or so, the entire global economy has gradually gotten rid of the impact of the 2008 financial crisis. Otherwise, the Federal Reserve would not decisively withdraw from the QE plan, and in The Fed has been relatively hawkish in several interest rate meetings."

"At the same time, the U.S. stock market has gathered some of the best listed companies in the world."

"As long as the global economy continues to recover and corporate profitability continues to increase, it will only be a matter of time before the market rises."

"The current adjustment in the U.S. stock market is only digesting the expectations of market feedback last year, and there are no noteworthy risk signals."

"Since there are no hidden risks in the external market, the trend of Big A should be much better in the future." After hearing Su Yu's analysis of the US stock market, Wang Can breathed a sigh of relief, chuckled, and continued, "I hope the Shanghai Stock Index can Continue to stand out and reach 2300 points strongly."

"The probability of the Shanghai stock index falling sharply today is not high, but at the same time... the probability of a strong rise to 2,300 points is not high, right?" During the conversation between Wang Can and Su Yu, Li Meng, who was also observing the changes in the trend of Internet-related stock discussions, He continued, "The market has rebounded violently in the past two days, and a lot of short-term profit orders have been accumulated. Coupled with the market's late dive yesterday and the negative external trend in the evening, these short-term profit orders should be extremely large today." Strong desire to take profit and cash out.”

"And at the same time..."

Li Meng paused for a moment and continued: "The long investor group in the market, especially the investor group that can strongly follow the trend and buy at this position, under the influence of the late market plunge yesterday and the negative external trend in the evening, they followed the trend. The enthusiasm of the owner to buy should also be greatly reduced."

"Even though the overall investment sentiment in the market is still in the bullish advantage."

"However, with the expected ebb and flow of long and short forces, it may be quite difficult for the index to continue to break through strongly and break through important pressure levels."

"I agree with what Manager Li said." Zhang Guobing also raised his hand and said, "Actually, there is another point, that is, after the continuous violent rebound in the previous two days, the financial power of the relatively active long investor group in the market has been massively eliminated. After a wave of consumption, if the market wants to continue to move forward, the biggest supporting force should come from those who are not very active, or who did not pay much attention to the market before.

But they are a group of potential long investors attracted by the money-making effect of the market. "

"And these potential long investor groups are not like the relatively active long investor groups in the past. When they see the market's money-making effect expanding, they will swarm in. They... usually follow the expansion of the market's money-making effect. Emotions continue to ferment and slowly flow into the market."

"This also determines that it will be difficult for the market to make a rapid upward breakthrough after an initial violent rebound and creating support space."

"So, I estimate that today's trend will not be good, and of course, it will not be ugly. The Shanghai Stock Index will probably continue to fluctuate around the room for gains made yesterday, while consuming a large amount of short-term profits accumulated in the previous two days, while continuing to expand the market to make money. effect and room for speculation, attracting more potential long investors.”

"Usually as long as investors come in, there can't be only one sale or purchase transaction."

"It's like a person entering a casino. Even if the person doesn't like to hang around, he can't help but gamble a lot under the influence of the atmosphere and emotion."

"The current A-share market is in this state where emotions are brewing and the atmosphere is created."

"actually……"

Zhang Guobing thought for a while and then said: "I think at this stage, whether A-shares rise or fall, it doesn't matter. As long as the index can remain above 2200 points, the market as a whole will still have a profit-making effect and there will still be continued speculation. Then The market is developing in a good direction.”

"Even if the index does not rise in the short term, as long as the money-making effect continues."

"As long as the bullish investment sentiment created by the market continues to deepen, as long as the market can create a lively investment atmosphere."

"Then, the index and market will break upward sooner or later."

"Yeah!" After listening to Zhang Guobing's analysis, Su Yu nodded slightly and praised, "Guobing's market analysis is on point. Yes, the market has reached this point, and short-term rises and falls are actually not important. , what is important is the money-making effect and hype sentiment of the market. As long as these two continue and perform in the market, the bullish sentiment inside and outside the market will still deepen and continue to ferment. And with the induction of emotions, those outside the market who originally did not The overly active investor group, or some investor groups that did not care much about the stock market before, are driven by the desire to "make money easily in the stock market" and will gradually get involved even if they don't understand. "

"in other words……"

Su Yu smiled and continued: "As long as more investors can be attracted to enter the market, as long as incremental funds continue to enter, there is no need to worry about the market situation at all, and at the same time, there is no need to pay too much attention to one or two day’s market trends.”

"I understand!" After Su Yu said this, other traders in the trading room responded.

As everyone responded, at this moment, the market trading time had slipped to 9:15. Under the watchful eyes of countless investors throughout the market, the market ushered in the initial collective bidding.

In an instant, the two markets, which were originally stagnant, began to beat rapidly.

Looking around, there are nearly 2,000 stocks in the entire market, with a total of more than 1,100 stocks red and more than 700 stocks falling. This also shows that although the market has suffered from the negative impact of the continuous decline in Asia-Pacific stock markets and even global stock markets, " Despite the favorable factors such as "Fortune Road"'s continued buying and the continued good news released by regulators, it still achieved an overall higher opening.

And in this relatively good initial call auction form.

A number of popular concept stocks in several core main areas, including "big infrastructure", "military industry" and "Internet finance", are still sought after by major funds from all walks of life and have opened sharply higher. Among them, such as "Shanghai Stock Exchange" Several popular concept stocks, such as Construction Engineering, Beijiang Communications Construction, Tianshan Cement, Hongdu Airlines, and Huake Financial, went straight to the daily limit, and the buying channel was blocked by a large number of active buyers.

"The initial collective bidding of "Fortune Road's shareholding concept sector" increased by 3%, the real estate sector rose by 21%, the building decoration rose by 08%, the building materials rose by 01%, the steel sector rose by 89%, the military industry sector rose by 79%, and the Shanghai Free Trade District, state-owned enterprise reform, Internet

The main concept sectors of finance have also increased by more than 6%..." At 9:16 in the Shenzhen Stock Exchange, inside the Xiniu Fund Company, in the "Manniu No. 1" fund product trading room, the trading team has been observing changes in the market. Chang Mou Zhengxing said, "It seems that... everyone's attention is still on the main lines of "large infrastructure", "military industry" and "Internet finance". In the initial collective bidding stage of the market, the most profitable areas are not at all." Surprisingly, it’s also at this stage. "

"These lines are really strong!" In the trading room, general manager Liu Xin also stared at the changes in the market on the big screen and exclaimed, "I thought that many of the popular stocks on these lines have reached the two daily limit levels. In the future, there will be a large-scale rush for profit-making funds on the market, but now...it doesn't happen, but shrinks, which is really incredible."

Fang Xinsheng's eyes were bright, he thought for a moment, and responded: "Shrinking volume is not necessarily a good thing. Overall, except for the three main areas of "infrastructure", "military industry" and "Internet finance" that are relatively fiercely pursued by funds, the rest of the market The market is basically close to the horizontal opening line, and the initial market has shown strong signs of selling suppression. This situation... the market is likely to go lower and lower in the next call auction. "

"The continued decline and intensified selling in other areas will also affect the strong main line sectors of the market."

"The three lines of "Infrastructure", "Military Industry" and "Internet Finance" were opened at such high prices during the initial collective bidding stage. Although it seems strong, it is actually not conducive to the follow-up of potential long funds that are interested in the follow-up. That is to say Behind the seemingly strong performance, in fact, internal undertaking has become a problem. "

Hearing Fang Xinsheng's words, Liu Xin turned to ask: "What does Manager Fang mean... is the check of "Fortune Road Concept Stocks" already at the end of its life? "

"It's not the end of the war." Fang Xinsheng responded, "It's just that under today's situation, it's not appropriate to chase prices too high. Looking at the market's high opening trend, in fact, in addition to the three lines of "infrastructure", "military industry" and "Internet finance" , overall it is still somewhat weaker than the expectations of most investors in the market. "

"In other words, the bullish investment sentiment shown at the beginning of today's trading is relatively weaker than yesterday."

"However, what does not match the relatively weakened bull sentiment is that the number of profit-making orders in the entire market has increased, which has led to the balance of long and short power tilting in the subsequent trend."

"Of course, due to the core main lines of "infrastructure", "military industry" and "Internet finance", after the "Yuhang Department" has focused on it, the ultimate profit-making effect has spread to the entire market inside and outside, so even if the entire market The balance of long and short power has tilted. For many popular concept stocks in these fields, the money-making effect should still be maintained, but the amplitude of the shock will definitely increase. "

"It means that there are huge differences here!" Liu Xin understood.

Fang Xinsheng nodded and responded: "Yes, it is not easy for the Shanghai Stock Index to pass 2300 points. There must be a wave of divergence here to consume the short-term accumulated profits and digest the negative impact of the external market, so that the index can rise. The pressure is lighter again.”

"Differences are not terrible." Liu Xin said, "As long as there are no problems in terms of the overall macro trend."

Fang Xinsheng said with a smile: "In terms of the overall macro trend, there should be no problem. After all, in all aspects of the market, in addition to the influence of external trends, other factors, such as investment sentiment, market profit-making effects, market liquidity, macro fundamentals, and news , regulatory guidance, etc., all market factors are gradually improving.”

"It is said that buying in disagreement and selling in consensus." Mou Zhengxing, who had spoken out before, thought for a moment and then asked Fang Xinsheng, "What about "infrastructure," "military industry," and "Internet finance," which are currently very popular? The main line, should this be a selling point or a buying point? "

Fang Xinsheng responded: "It is both a selling point and a buying point!"

Hearing this, neither Mou Zhengxing nor Liu Xin quite understood. Especially Liu Xin, who felt doubtful and frowned slightly, asked, "How do you say this?"

Fang Xinsheng responded with a smile: "From the perspective of different placement points and different purposes of trading strategies,

The views on natural buying and selling points are inconsistent. In terms of market trends alone, the lines of "Infrastructure", "Military Industry", and "Internet Finance" have accumulated such a huge amount of short-term profit orders in two trading days. Nowadays, when the market as a whole has a negative influence from the external market and shows signs of weakening, then for short-term speculative funds, it must be a selling point. "

"As for investment funds aimed at medium and long-term motivations..."

"The expected logic and hype logic of the lines of "infrastructure", "military industry", and "Internet finance" have not been destroyed at present. In addition, the wealth path of the "Yuhang system" is still continuing to increase positions. At the same time, this The money-making effect and emotional impact of several lines are still deepening, so... naturally this point of divergence is a good buying point. "

"I understand!" Mou Zhengxing's eyes lit up and he suddenly realized, "In this case, we should take the opportunity to optimize our positions and better seize the market development opportunities."

After saying that, he turned his attention back to the two markets.

At this time, the market trading time has entered the real call auction session at 9:20.

[In view of the general environment,

And sure enough, as Fang Xinsheng expected, the overall collective bidding situation of the entire market showed obvious signs of decline compared with the initial collective bidding. At the same time... the three core main lines of "infrastructure", "military industry" and "Internet finance" Relevant concept sectors, industry sectors, and a number of popular concept stocks also fell simultaneously. The subsidence of sentiment and the increase of active selling were far worse than the performance of other main lines of the market.

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