Rebirth of the investment era

"Oh, the Shanghai Index is at 3,600 points, and it's really jumping back and forth!"

Seeing that the Shanghai Stock Index opened lower again and fell below 3600 points, and all the bullish expectations last night were shattered, at this moment, within Yanjing and Yihe Capital, Chen Yihe, who was still insisting on going long, sighed helplessly and said : "At present, we are still not sure whether the Shanghai Stock Index can hold on from 3,500 to 3,600 points."

Gao Xiang, the trading team leader, thought for a while and said: "Looking at this, there is a high probability that the market will not be stable between 3500 and 3600 points. After all, as the core of the market, there are several main lines, 'big finance', 'big infrastructure', The three main lines of 'military industry' have no signs of stabilization. However, currently, the main lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain' have gathered a little money-making effect. So a little opportunity to switch to the main line.

If there are three main lines of ‘big consumption’, ‘mobile Internet’ and ‘smartphone industry chain’.

It can replace the three core main lines of 'big finance', 'big infrastructure' and 'military industry' and complete the market's main line market switch at this stage.

Then, I think the market has a chance to stabilize only when it is between 3500 and 3600 points. "

"Yeah." Chen Yihe nodded and said, "I think so too, but the three core main lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain' replace 'big finance' and 'big finance'. What is the probability that the three core main lines of infrastructure and military industry will be completed and the main line of the market will be switched?"

Gao Xiang thought for a while and said: "There is still a probability. It mainly depends on today's market performance. The main funds continue to follow up in the three core main areas of 'big consumption', 'mobile Internet' and 'smartphone industry chain'." Regarding the undertaking situation, if the market trend pattern of yesterday can continue, then I think these three core main lines will replace the three core main lines of 'big finance', 'big infrastructure' and 'military industry', and complete the opportunity to switch the main line of the market. It’s pretty big.”

"The continued commitment of the main funds." Chen Yihe squinted his eyes and pondered for a while, staring at the two markets that were about to officially open, and said, "The collapse of the external market last night gave the overall investment sentiment and investment Confidence has had an extremely negative impact.

Under such emotional influence.

It’s difficult for the main capital groups to further concentrate on the main areas of ‘big consumption’, ‘mobile internet’ and ‘smartphone industry chain’! "

Gao Xiang smiled softly, but his thoughts were much more optimistic than Chen Yihe's, and said: "I think that at this time, the market sentiment is declining and the investment risk awareness of the investor group has increased. On the contrary, they are not interested in 'big consumption' and 'mobile phone'." It is a good thing that the three core main lines of "Internet" and "smartphone industry chain" replace the three core main lines of "big finance", "big infrastructure" and "military industry" and complete the market's transformation on the main line market. .”

"Oh? Why do you say that?" Chen Yihe asked subconsciously with a slightly surprised look on his face.

Gao Xiang said with a smile: "Because the increase in investment risk awareness among market investors will inevitably drive the main funds and numerous follow-up capital groups to withdraw from high-end stocks, high-end sectors, and high-end conceptual themes with higher adjustment risks. Buy the 'big consumer' and 'pharmaceutical' sectors that are relatively resilient and have hedging properties, as well as the two main conceptual areas of 'mobile Internet' and 'smartphone industry chain' which are at relatively low levels and have not seen much growth this year. related core component stocks.

In other words, market sentiment declines and trends adjust.

This is a good thing for a number of mainline and related concept stocks that are at low market prices.

On the contrary, what is negative are the popular core sectors that were intensively speculated by main funds in the early stage and overdrawn the short- and medium-term expectations, such as the industry sectors and concept sectors in the three core main fields of 'big finance', 'big infrastructure' and 'military industry'. , all fall into this category.

When the main funds withdraw from high-level sectors and high-level stocks across the board.

At the same time, when low-level sectors and low-level stocks are concentrated.

Unexpectedly, it has promoted the core main lines of 'big consumption', 'mobile Internet' and 'smartphone industry chain' to replace the core main lines of 'big finance', 'big infrastructure' and 'military industry', completing the main market trend. Have you switched?

That's why I said that at this time, the market is adjusting at this position and the mood is declining.

On the contrary, it is conducive to the switching of the main line of the market, and is conducive to the Shanghai Stock Index fluctuating sideways between 3500 and 3600 points, completing this structural adjustment in the bull market. "

"That way... it makes sense." Chen Yihe said, "It makes sense logically. In this case... then we need to adjust the position allocation appropriately and increase our investment in 'big consumption' , 'mobile Internet' and 'smartphone industry chain', while continuing to reduce the proportion of positions in the three main lines of 'big finance', 'big infrastructure' and 'military industry'."

Gao Xiang smiled and said: "I think so too, but... there is a hidden worry at the moment."

"What worries?" Chen Yihe said.

Gao Xiang pondered for a moment and responded: "This hidden worry is the movement of the main funds of the 'Yu Hang Group'. Through the past historical layout of this main funds, as well as the overly accurate ability to judge market conditions, and the main force of the entire market Capital groups and retail investor groups have great influence to follow suit.

Once this main force funds, the layout direction will appear in the near future.

If it is not the main directions of 'big consumption', 'mobile Internet', and 'smartphone industry chain' that have strong current expectations and has formed an initial recognition of the main funds, but other main directions, there is a high probability that the entire market will be dispersed in an instant. The main flow of funds has made the market trends of the two cities more uncertain. "

"The motive of the main funds of the 'Yuhang Department'..." Chen Yihe pondered for a moment and said, "No matter which direction this main funds will be deployed in the future, it should be impossible to continue to increase positions in 'Big Finance',' Are the three main lines of "big infrastructure" and "military industry"?"

Gao Xiang nodded slightly and said: "Definitely not. If this main force of funds did not hold a bearish attitude towards the three core main lines of 'big finance', 'big infrastructure' and 'military industry', they would not take advantage of it on Monday." As the news of the central bank cutting interest rates and reserve requirement ratios came to light, the chips in their hands were sold off on a large scale.

Today, this main force of funds has sold off the chips of the three core main lines of 'big finance', 'big infrastructure' and 'military industry' on a large scale.

Definitely not going to buy it back on a large scale in the short term.

After all, if you really want to buy it, why throw it away?

This week, the core main lines of 'big finance', 'big infrastructure' and 'military industry' have been concentratedly sold down by major institutions and retail investor groups, and have continued to weaken. It is also due to this expectation that everyone has a negative attitude toward these major industries. The collapse of core mainline investment sentiment and investment confidence. "

"That's it." Chen Yihe smiled and continued, "Since the 'Yuhang Department' is the main source of funds, it is obviously impossible to invest in the core main lines of 'big finance', 'big infrastructure' and 'military industry'. If the field gathers buying positions, then in which direction will they gather?

With the huge capital volume of the main force of the ‘Yuhang Department’.

In the current market, there are not many core lines that can accommodate such a huge amount of funds.

After analyzing the macro aspect of the market and the fundamentals of various industries, there is a high probability that there is only the core line of 'big consumption', as well as the 'mobile Internet' and 'mobile Internet' that were spearheaded by the 'Yu Hang Group' capital. The two major conceptual themes of the smartphone industry chain have this opportunity.

After all, there are mainline fields such as ‘non-ferrous cycle’, ‘petrochemical industry’, ‘coal’… etc.

Its fundamental situation is still very bad.

In the entire industry, there are no signs of fundamental changes or improvement in corporate operating conditions.

Relatively speaking, whether it is analyzed from the expected direction of future industry development or the direction of future corporate performance explosive capabilities.

In addition to being intensively speculated by big financial institutions, the main areas such as 'big finance', 'big infrastructure', 'military industry', and 'film and television media' that are currently in the adjustment stage belong to 'big consumption' and 'mobile Internet'. ' and 'smartphone industry chain' these core lines have the best future expectations.

Moreover, these main lines.

It happens to be the main line that can carry the "Yu Hang System", a super-major institution in the market.

Therefore, on the whole, if the main funds of the 'Yu Hang Group' need to enter the market again in the near future and need to switch the main direction of investment, there is a high probability that they can only choose 'big consumption' or 'mobile'. The core main lines of the Internet' and the 'smartphone industry chain'. "

"It makes sense." After listening to Chen Yihe's analysis, Gao Xiang's originally somewhat confused thinking became extremely clear in an instant, and he said happily, "In that case, we should put more emphasis on it without hesitation.' The position weights in the core main directions of "Big Consumption', 'Mobile Internet', and 'Smartphone Industry Chain' are waiting for the follow-up main funds of the 'Yu Hang Group' to come in and support us."

It's exactly what Chen Yihe said.

Comprehensive analysis of the overall market trend.

If the 'Yuhang Group', the super main force in the market, wants to re-establish a long position, in addition to the core main lines of the market such as 'big finance', 'big infrastructure' and 'military industry', which are already obviously short, the choice of investment direction On the other hand, it can only be the three core main directions of 'big consumption', 'mobile Internet' and 'smartphone industry chain'.

in this way……

All we need to do is get in front of the main force of the 'Yuhang System' to build long positions again.

If you buy chips in the main direction of "big consumption", "mobile Internet" and "smartphone industry chain" on a large scale, you will not be afraid that the main funds of the "Yu Hang Group" will not enter the market to lift the sedan in the future.

After all, the market structure of the bull market is still there, and the underlying logic of the bull market is still strengthening.

In addition, the market turnover and volume are still in a very positive and active situation.

Under this situation, Gao Xiang is almost certain that before the real adjustment of the market ends, in order not to short-circuit the bull market, the main funds of the 'Yu Hang Group' will definitely build a large-scale position again and get back the chips they lost before. , but since there is no problem with the expected logic of the bull market, the market's bullish sentiment is still fermenting.

Gao Xiang believes that the funds of the ‘Yu Hang Group’ want to ride on the high and low market trends.

I'm afraid it won't be that easy to get back the positions you lost before without paying some costs.

"Yes." Chen Yihe nodded. In an instant, the investment ideas and operating logic in his mind became extremely clear, and he suddenly became confident about the development of the market outlook and said with a smile. , "Just as you said, increase the weight of our positions in the core main areas of 'big consumption', 'mobile Internet', and 'smartphone industry chain'. Oh, no... I should say that we will increase the weight of our main fund products." The direction of positions, the main focus of positions, is to adjust as quickly as possible to the main areas of 'big consumption', 'mobile Internet', and 'smartphone industry chain'."

Gao Xiang's inner opinion was quite consistent with Chen Yihe's, and he responded with a smile: "Okay!"

As he spoke, he looked at the market that had entered 9:30 and officially started continuous bidding transactions. He immediately ordered the traders behind him to execute the trading strategy discussed by the two people before, quickly reduce their positions, and even Clear the chips in the main line areas of 'big finance', 'big infrastructure' and 'military industry', and at the same time quickly buy the chips in the main lines of 'big consumption', 'mobile internet' and 'smartphone industry chain'.

As within Yihe Capital, a group of traders executed relevant trading instructions.

at the same time.

There are also many institutional and large investor groups who have the same idea as Yihe Capital Company and are making the same investment strategy adjustments.

Then, there is a relatively consistent shift in trading strategies among these groups of investors.

The two cities have just opened. The core main lines of 'big finance', 'big infrastructure', and 'military industry', related industry sectors, concept sectors, and a number of related popular stocks and heavyweight stocks even rebounded strongly yesterday, hitting a Core popular stocks and core weight stocks that have a certain profit-making effect on the market.

At this moment, they all encountered concentrated selling forces.

For a time, whether it is securities, banking, insurance, or Internet finance sectors.

It is also the building decoration, building materials, commercial real estate development, steel, cement, machinery and equipment, public transportation, and non-public transportation sectors.

Or the national defense and military industry, film and television media, and sub-new stock sectors.

All under the impact of concentrated selling, there was a diving trend at the beginning of the session, which drove the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index to fall across the board.

At a time when the core main lines of 'big finance', 'big infrastructure' and 'military industry' continue to decline and adjust.

At this moment, relevant industry sectors and concept sectors in the core main fields of 'big consumption', 'mobile Internet' and 'smartphone industry chain', as well as a number of popular stocks and core weight stocks in the field, are generally welcoming. The attention of a large number of main buying funds has stabilized the market, and continues to show the logical expectation of the market's "high and low switching", as well as the trend signs of the market's core main line of market rotation switching. (End of chapter)