Rebirth of the investment era

"The data on the Dragon and Tiger List, as well as the two financing data, are indeed...a bit beyond expectations." Hearing Zhao Zhongming's sigh, Yi Xiaopeng, the fund trading team leader standing next to Zhao Zhongming, responded helplessly, "Especially the financing balance of the two cities , it unexpectedly increased by more than 11 billion while the market was adjusting and shrinking, which is simply outrageous."

He never expected that the incremental buying in the market would be so strong.

Unexpectedly, the core main lines of 'big finance', 'big infrastructure' and 'military industry' have shown strong demand for adjustment and are showing a weak consolidation trend.

The trend in the late afternoon session picked up rapidly again due to strong incremental buying.

Such market trends made the trading strategy he proposed completely lose its effect. Not only did it lose its effect, it also restricted the rapid recovery of the net value of the fund products, causing the opposite effect to the performance of the fund's net value.

This made him feel guilty for a moment.

Fortunately, at the end of the day, with the recovery of the core main lines of 'big finance', 'big infrastructure' and 'military industry', the main lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain' have also It didn't fall back much, and the market didn't show one after another switching trend.

Otherwise, he would be really embarrassed.

"Encouraged by the continuous money-making effect, the investor group's risk preference will only become higher and higher, and their courage will become greater and greater." Zhao Zhongming responded, "This is not outrageous, but we have not considered this aspect. factors, the judgment of the market trend was wrong.”

"However, even if the potential incremental buying is somewhat beyond our expectations..." Yi Xiaopeng thought for a while and continued, "It does not mean that the subsequent market performance will continue to trend towards 'Big Finance', ' Will the main areas of "big infrastructure" and "military industry" continue to converge?

In fact, according to the current market liquidity and the adequacy of incremental funds.

The market can support multiple core main lines and continue to develop at the same time, which is driven by the existence of "multi-core main lines".

Therefore, I think it cannot be considered a mistake for us to diversify some of our positions and turn to the relatively low-level main line areas of 'big consumption', 'mobile Internet', and 'smartphone industry chain'.

If the market will form a general rise next, there will be no problem in holding these main line chips. "

Zhao Zhongming heard Yi Xiaopeng's words. Although he knew that his analysis was not wrong, he still said: "Theoretically, the market transaction volume at this level is indeed enough to support the common development of multiple core main lines, but the new Increase these incremental capital groups entering the market.

Especially the leveraged capital group that has made significant progress in the balance of financing and financing.

There is no doubt that they will definitely converge on the main sectors in the market that are the most popular, have the strongest overall money-making effect, and are easiest to make profits.

In the entire market, this characteristic is met.

There is no doubt that the core themes of ‘big finance’, ‘big infrastructure’ and ‘military industry’ are still there.

Therefore, even with this capital liquidity, some funds will overflow to relatively low levels, and there are certain expected main areas such as 'big consumption', 'mobile Internet', and 'smartphone industry chain', but the vast majority of incremental funds will , will definitely still be concentrated in the main areas of 'big finance', 'big infrastructure' and 'military industry'.

That is, the main lines of ‘big finance’, ‘big infrastructure’ and ‘military industry’.

It will still have a certain degree of capital siphoning effect on the market, and its trend should be significantly stronger than other core main lines.

Until the overall valuation of the main lines of 'big finance', 'big infrastructure' and 'military industry' once again opened up a large gap with other core main lines of the market, and at the same time many positive expectations began to be gradually realized, or in other words, after the subsequent expectations reached the emotional peak , gradually moves down.

Only then will there be a significant change in the overall market situation. "

"Then Mr. Zhao thinks... what should we do now?" Yi Xiaopeng hesitated and continued to ask, "Is it possible that next Monday, 'Big Consumption', 'Mobile Internet', and 'Smartphone Industry Chain' will be released again?" Will the chips I just bought in the main line be restored to the previous trading strategy?"

Zhao Zhongming thought for a while, nodded slightly, and said: "That's all. Since we are wrong, we should correct it in time. We can only follow the market changes and cooperate with the market trend. We cannot let the market cooperate with us. position adjustment and strategy changes.

Also, only by discovering direction errors and making timely changes and stop losses can greater mistakes and losses be avoided.

It's not too late to reverse your trading strategy while we're at it.

If we wait for the core main lines of 'big finance', 'big infrastructure' and 'military industry' to completely end the adjustment and return to the previous trend of continuous short squeeze, then if we want to take back the chips, we will It is basically unrealistic. Once you miss many buying points, you will completely miss it. "

"Okay!" Seeing that Zhao Zhongming had already decided, Yi Xiaopeng could only nod.

As the two of them discussed, they corrected their previous trading strategy and returned to the original trading strategy route.

Also at the same time.

In Shenzhen Stock Exchange, Pingyin Asset Management Center, in the main fund trading room, Chen Shen, the fund manager who continued to increase his positions in core main lines such as 'big finance', 'big infrastructure', and 'military industry', carefully reviewed the after-hours market data during the day. Afterwards, I was quite excited and became more and more optimistic and positive about the market outlook.

It is in this bullish mood in the two cities that it develops further.

And there are signs of continued increase in positions among a large number of incremental capital groups.

Late at night, the U.S. stock market continued to open higher and then decline, breaking out of a three-consecutive adjustment trend and continuing to influence the trends of other peripheral financial markets.

Then, Saturday and Sunday.

In the market, there is some good news on the news front.

However, they are all good news that are neither big nor small, and are not enough to have a heavy impact on market trends.

Of course, market rumors that the central bank will cut interest rates and reserve requirement ratios in December next month are still in the process of fermentation, but most investors are still doubtful about the certainty of this blockbuster news. , there are still doubts, and can only be treated as rumors, not as substantial benefits.

In the end, under the influence of external market trends and the news that was somewhat lower than investors’ expectations.

After two days of the weekend, when November 24th arrived, the bullish sentiment in the two cities obviously weakened again.

However, at a time when the overall bullish sentiment is weakening.

Major domestic securities research institutions, and even major peripheral investment institutions, have made a large number of continued positive investment ratings for the A-share market.

Moreover, many foreign-funded institutions have also begun to be optimistic about the development of the domestic financial market.

This is a situation where the short-term bullish sentiment is weakening, but the mid- to long-term bullish sentiment and the number of institutional groups that continue to be optimistic are increasing.

As emotions fermented, when 9:15 came, the two cities entered the initial collective bidding moment.

In the entire market, there are still more than 2,000 stocks, and most of them have opened slightly lower, and whether it is the core main lines of 'big finance', 'big infrastructure', 'military industry' that have attracted much attention, or 'big consumption' ', 'Mobile Internet', 'Smartphone Industry Chain', several main lines, related industry sectors, and concept sectors failed to show a relatively strong call auction performance at the beginning of the market.

At 9:16, when the individual stocks in the two cities were listed, the call auction pattern was clear.

I saw that in the entire market, more than 2,000 stocks, a total of more than 1,300 stocks, were in the green market, and only 683 stocks were in the red market.

As for the performance of major core lines, related industry sectors, and concept sectors.

Only the 'film and television media' industry sector maintained a slightly higher opening trend, with an initial increase of 49%.

Then, the two major weighted sectors of banking and insurance maintained their initial flat opening status, with one rising by 05% and the other falling by 03%.

After that, the coal, petrochemical, and power equipment industry sectors fell slightly, and the 'Internet software, Internet applications, electronic information, complete automobiles, food and beverages, retail...' sectors maintained a slight decline of 15% to 25%, while 'Building decoration, building materials, commercial real estate development, non-public transportation, machinery and equipment, public transportation...' A number of related industry sectors in the main line of 'big infrastructure' have opened lower between 25% and 45%. .

As for the 'Securities' sector, it initially opened lower by 53%.

The "National Defense and Military Industry" sector opened lower by 74%, still leading the decline in the industry sectors of the two cities.

In terms of concept sector performance, concept sectors related to the 'Film and Television Media' industry sector, such as 'Celebrity Shareholding', 'Celebrity Participation', 'Film and Television Production', 'Movie Distribution', 'Mobile Games', 'Internet Online Education', Concept sectors such as 'Internet TV' were among the top gainers in the two cities' concept sectors, and they all opened higher. Among them, the concept sectors 'Internet Online Education' and 'Internet TV' even opened higher by 1%. above.

After that, related concept sectors in the fields of 'big consumption', 'mobile Internet', and 'smartphone industry chain', as well as the 'sub-new stocks' sector, maintained a slightly red market and a slightly lower opening trend.

After that, there are a number of concept sections in the main fields of ‘big finance’, ‘big infrastructure’ and ‘military industry’.

The performance is still relatively weak, and it is in a trend of opening lower.

In addition to these core main lines, industry sectors, and concept sectors that have attracted much attention.

The performance of a number of popular stocks ranked among the top 20 in investor attention and discussion in the two cities.

I saw that 'Huake Shuguang' opened higher than the daily limit, with 90,000 orders closed, and almost unlimited daily limit; 'Blue Stone Heavy Equipment' failed to continue the strength of last Friday's late trading, and opened 4% lower due to inertia. This disappointed a group of short-term investors who were paying attention to this stock.

‘Quantong Education’ opened 7% higher, and active buying was very strong on the initial market.

"Shanghai Steel Union" opened about 5% higher, still leading the market in the "old demon stocks" that performed strongly last Friday.

The "Shanghai Sanmao" opened about 5% higher. On the initial market, there were differences between long and short funds.

The check of 'Chengfei Integration', under the influence of the sharply lower opening of 'Bluestone Heavy Equipment', opened directly lower at 7%, continuing to set a new adjustment low. At the same time, the stock price position was also lower than yesterday. The price limit reached by this check buried a large number of funds that bought this stock at the bottom of the market yesterday.

'Flush' opened 12% lower; 'Oriental Fortune' opened 03% lower; 'Great Wisdom' opened 26% lower; these three 'Three Musketeers' stocks in the Internet financial sector still maintain a weak and volatile pattern and seem to be adjusting. The form does not end easily.

The check for ‘Huagong International’ was opened 83% higher.

And this check has become the only popular stock among the entire "big infrastructure" heavyweight stocks that opened significantly higher.

'Huaxin Securities' opened 51% lower, 'Western Securities' opened 62% lower, 'Founder Securities' opened 13% lower, 'Pacific Securities' opened 44% lower, 'Huazhong Capital' opened 39% lower... The entire securities All the stocks in the sector's popular components opened lower, but the overall lower opening range was not large. The initial active buying funds and the intensity of acceptance were relatively acceptable, and there was a certain degree of bullish resilience.

"With this situation... the index will probably open lower!"

At 9:17, in the Magic City, inside Zexi Investment Company, in the main fund trading room, Zhou Kan stared at the opening of the initial call auctions of the two cities, frowned slightly, and said: "I don't know if we can stabilize the 3400 point , the external market trend is cloudy. If this point is broken and everyone's expectations are completely shattered, the downward adjustment space will be fierce."