Chapter 639 False Breakthrough, False Switch!
"At present, the two main lines of 'infrastructure' and 'military industry', as well as a number of conceptual themes surrounding the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central and State-owned Enterprises', are shaking. The corresponding theme sector is indeed a bit like a false breakthrough." Liu Changling, the trading team leader who was sitting next to Shao Xiaoyun, stared at the changes in the market conditions of the two cities, thought for a moment, nodded and said, "However, the market's 'high-low switching' trend is currently. From a glance, it is not very obvious that the line of 'technological growth' is mainly driven by the sudden and favorable conceptual theme of 'sports industry development'.
However, the main conceptual line of 'sports industry development', the corresponding stocks involved, and the amount of funds it can carry are, after all, very limited.
It is impossible to stimulate the two main lines of "military industry" and "infrastructure" like the "Eurasian Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises". Comprehensively promote the line of 'technological growth' and achieve continuous breakthroughs.
At present, although the active financial groups in the market are constantly flowing into the main line of 'technological growth'.
At this moment, concepts such as ‘film and television media’, ‘electronic information’, and ‘domestic software’ are also being promoted by the influx of active financial groups.
However, overall, there are still big differences in the funds on the market!
'Big consumption', 'big finance', and 'non-ferrous cycle' are low-level main line areas. At this moment, with the intraday correction and decline of the two main lines of 'military industry' and 'infrastructure', they are also rebounding in shock, absorbing many from the market. The capital groups retreated from the popular main line areas in the early stage.
So, looking at it all.
I think we can't be happy too early at this time.
We need to continue to observe and see if the market driven by the positive concept of 'sports industry development' can really leverage the main line of 'technological growth' and create a sustained money-making effect, so as to make the market's expectations and The follow-up effect of funds continues to converge in this field.
If it can, then the main line of the market will not be far away. "
Shao Xiaoyun saw that Liu Changling did not fully agree with his market judgment, and still believed that the market changes on the main line of 'technological growth' at this moment were just rebounds, not reversals. He smiled, but did not rush to argue. He paused for a moment and continued. Said: "Although it is not yet certain that the market has formed a main line of 'high-low switching', it is also not certain that the 'technology growth' line can get rid of the bottom shock pattern, find a breakthrough trend, condense the market's unanimous expectations, and attract the entire market." The active capital groups in the market concentrated on placing orders.
But, at least it can be seen.
'Infrastructure' and 'military industry' were two popular main themes in the early stage, as well as the main themes surrounding the concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', which have been subject to turmoil and speculation. A number of concept sectors and their corresponding popular stocks.
It should be that the chip structure has become decentralized, expectations and emotions have both declined, and it is no longer possible to create upward room for growth and make money.
Now that these early popular main lines have turned from strong to weak.
It is basically certain that the trend is about to enter the adjustment phase.
Then, it means that the market's main trend will inevitably shift and switch. In other words, the market's "high-low switch" form and trend change is not far away.
Subsequently, as the market conditions continued to fluctuate.
It just deepens the expectations and results of this trend and makes the market's "high and low switching" trend pattern more clear.
In this case, there is nothing to worry about. At least no matter what, the market trend is gradually changing in the direction we expected.
besides……
The occurrence of any main line market.
Generally, it starts from a rebound and gradually turns into a reversal.
After all, no one can directly foresee the long-term market trends and can only focus on the present.
As long as everyone currently expects the 'Technology Growth' line to rebound, then as the expectations and sentiments of the two main lines of 'Infrastructure' and 'Military Industry', and the money-making effect weaken, the 'Technology Growth' line will rebound. In the market trend, expectations are bound to increase, and similarly... there will be more and more funds and incremental funds entering this field.
At that time, possible positive market news will be added.
Not being afraid of rebound cannot turn into a reversal. "
Seeing Shao Xiaoyun's positive and optimistic attitude, Liu Changling nodded slightly and said: "That's true. At the beginning, no one would think of the main line of the market as a reversal. All market trends basically start with a rebound and gradually follow the trend. The reversal was formed as expectations increased.”
"In fact, as long as there are active capital groups in the market, they are gradually abandoning the two main lines of 'infrastructure' and 'military industry', and focusing on the 'Eurasian Economic Belt', the 'New Era Road, the Maritime Silk Road', and the 'reform and reorganization of central and state-owned enterprises'. "These conceptual sectors, which are subject to major speculation, will suffice." Shao Xiaoyun continued, "As long as the market flows out of these main areas that have been subject to frequent speculation and are already at a relatively high level in the market, the funds that come out will inevitably choose other main areas. Inflow into the market.
And on the market, the current stage.
In other main line fields, although there are many main line fields, there are still certain future expectations.
But in general, the line with the strongest expectations and the most solid logic is still the "technological growth" line.
I believe that the various active funds in the market, as well as the main fund institutional groups of all parties, as long as they are not blind, will definitely find the opportunity of the "technological growth" line and enter the market after giving up the continuous speculation of the previous major main lines such as "infrastructure" and "military industry".
Moreover, the line of "technological growth".
After the continuous adjustment in the past few months, the floating chips of the wave of speculation in June have been completely digested. At the same time, in the past few months, the overall trend of the major main line of "technological growth" has also completely lagged behind the overall market increase. In the field of the major main line of "technological growth", the future expected logic of many hot core stocks is still strengthening, and their performance is still continuing to explode.
A number of core stocks in this main line area obviously have a need for compensatory growth.
I firmly believe that our "high-low switching" and the stop-profit switching from the previous hot main lines such as "infrastructure" and "military industry" to the "technological growth" main line are completely correct strategies, and we will definitely get rich profits in the future. "
Originally, yesterday, we saw the explosive breakthroughs of the previous hot main lines of the market, such as "infrastructure" and "military industry".
He was still a little depressed and dissatisfied.
But today, seeing that the previous hot main lines, such as "infrastructure" and "military industry", were actually "false breakthroughs" to lure more buyers, he felt more confident after careful analysis.
"I hope so! "Liu Changling nodded slightly.
Although his confidence was not so firm, he still agreed and agreed with the trading strategy of the fund to stop profit from the previous popular main lines such as "infrastructure" and "military industry" where the chip structure has loosened, and to enter the relatively low-level "technological growth" core main line with strong future expectations.
While the two were discussing...
When Shao Xiaoyun was excited and excited, and greatly appreciated the current market changes.
In the trading room of the next door "Yinghui No. 1" fund of the same company.
Trading team leader Yu Lei stared at the changes in the two markets carefully, but his brows wrinkled slightly. He tilted his head to look at the fund manager Liu Guanhai and said: "Boss Liu, I feel that today's market trend is not good. The net outflow of the main funds of the major popular main lines of "infrastructure" and "military industry" is a bit too much. It feels that the funds held in these main lines are obviously taking profits and selling frantically.
Of course, judging from the performance of the volume of funds and the flow of the main funds.
This is not the most worrying thing.
The most worrying thing is that the core stocks with heavy holdings of the "Yuhang system", such as "Huaguo Zhongye, Huahang Optoelectronics, Huaguo Jiaojian, Huahang Shenfei, Aero Engine Power... "and other core stocks, all opened high and fell sharply today. Compared with the previous period, these stocks showed a clear trend of turning from strong to weak.
At present, it is definitely unknown whether the "Yuhang system" has come out.
But these stocks have shown this trend at high levels.
Even if there is no disclosure of the Dragon and Tiger list, even if the "Yuhang system" does not appear on the Dragon and Tiger list, and does not show its attitude of reducing positions to the market.
But other funds in the market will always make random guesses.
Once everyone has concentrated speculations and expectations in this regard.
Then, more and more funds will start to rush from the "Yuhang system" heavy holdings.
And as long as the core main line stocks such as "infrastructure" and "military industry" that the "Yuhang system" holds heavily are concentratedly smashed by funds from all parties, the market trend will turn from strong to weak.
Then, the trend of popular main lines such as "infrastructure" and "military industry" may be very dangerous.
After all, the market trend of the stocks heavily held by the "Yuhang system" has always been the core force supporting the continued strength of core hot stocks such as "infrastructure" and "military industry".
Once these stocks weaken.
The news of the "Yuhang system" reducing its positions on a large scale to stop profits, or such rumors, will spread rapidly to the market.
And once the expectations in this regard are fully formed.
These stocks are under extreme selling pressure, then with the extreme influence of the "Yuhang system" on the market, the core main lines of "infrastructure" and "military industry" are estimated to be further adjusted drastically, and there is a possibility of a full-line collapse.
On the other hand, at this time, when "Huaguo Zhongye, Huahang Optoelectronics, Huaguo Jiaojian, Huahang Shenfei, Aero Engine Power..." these stocks are concentratedly falling and weakening.
Then think about the funds on the popular main lines of "infrastructure" and "military industry" to form a consistent force.
The hope of continuing to move upward is actually very slim.
In addition, the so-called "one push, two weaken, three exhaust", the stock market sentiment reaction, and market speculation are also the same.
Yesterday, the core main lines of the market, such as "military industry" and "infrastructure", have shown a comprehensive breakthrough. Many investor groups in the entire market have also had sufficient and sufficient expectations for these hot core main lines to continue to break upward. Now the market trend... is not the case at all.
The breakthrough trend that should have happened has become a trap trend of opening high and then selling with explosive volume.
This is seriously below expectations.
This will greatly dampen the investment sentiment and speculation sentiment concentrated in the core main line areas such as "military industry" and "infrastructure", and will also weaken the enthusiasm of the active main capital groups in the market to concentrate on these areas.
In this way, on the one hand, there are hidden worries about the large-scale reduction of positions of the 'Yuhang Group' to stop profits, and there are also the stocks of 'Huaguo MCC, China Airlines Optoelectronics, Huaguo Communications Construction, China Airlines Shenyang, Aircraft Power...' These stocks continue to fall, which has a negative impact on 'infrastructure' ', 'military industry', these popular main lines have essentially caused market suppression, and the expected impact.
On the other hand, there is a decline in investment sentiment and speculation sentiment caused by market performance that is seriously worse than expected.
There are also the popular main lines of "infrastructure" and "military industry", which are currently showing a weak money-making effect.
I estimate that the investment performance-price ratio of the popular main lines of 'infrastructure' and 'military industry' at this position is no longer as good as that of many stocks in the low-end main line fields. At the same time, its gaming value and profit-loss ratio are also declining rapidly. I am afraid that at this position ...It has really reached a selling point suitable for reducing positions and taking profits. "
Liu Guanhai listened to Yu Lei's analysis, pondered for a moment, sighed helplessly, and said: "What you said makes some sense. I thought that after yesterday's wave of stimulation, today's 'infrastructure', 'military industry' and so on The popular main line of the big market can reach a higher level under the influence of positive emotions, continuing yesterday's money-making effect and further pushing the index to above the 3,000-point mark.
Now it seems that this good expectation has completely come to nothing.
It is indeed because this expectation was completely disappointed that today’s main capital outflows in popular main areas such as ‘infrastructure’ and ‘military industry’ are so terrifying.
Reduce your position and take profit!
This position, since expectations cannot be realized.
At the same time, the Shanghai Composite Index is indeed facing tremendous pressure at 2,900 points. There is no hope of exceeding 3,000 points in the short term, which will penetrate the "bull market expectations" into the hearts of the main financial groups of all parties in the market and the majority of investors.
In this way, we can only give up when things are good, and we cannot expect that the main lines of "infrastructure" and "military industry" will continue to weaken and become strong.
However, since you have to choose to reduce your position and take profits at this position.
So, under the strategy change, if we do a 'high-low switch', which main line area in the low position do you think we should adjust our positions and focus on? "
Yu Lei thought for a while and said: "According to the current market trend reaction, today's main line of 'technological growth' has been directly stimulated by the concept of 'sports industry development'. There have been general changes, and many core stocks have , stocks such as 'LeTV, Huayi Brothers, Enlight Media, Internet Speed Technology, Anshuo Information...' are also continuing to strengthen, and continue to attract huge main funds that follow the idea of 'high-low switching'. .
But, I always feel that ‘technological growth’ is the main thread.
In this adjustment trend of just over a quarter, the internal chip structure has not been consolidated.
You must know that in June, the hot main market trends of 'infrastructure' and 'military industry', driven by the continued tough attack of the 'Yu Hang Group' General Su, also affected the 'Eurasian Economic Belt', 'New Era Road, Maritime' Stimulated by a number of favorable macroeconomic policies and macroeconomic strategies such as the Silk Road' and the reform and reorganization of central and state-owned enterprises, it continues to make a strong upward attack and embark on a continuous breakthrough trend.
The main line area of ‘technological growth’.
The overall position level of the main financial institutions gathered is at the highest position in the market.
Nowadays, although many major financial institutions have underperformed the market and underperformed the market on the line of 'technological growth' for a consecutive quarter, they have made strategies to adjust and reduce their positions, but overall... Given its almost bright future prospects.
There are still many major institutions that are struggling in this field.
They are waiting for the main line of the market to change and for the "technological growth" line to make up for the increase.
In general, I think that the time and space for adjustment in the line of 'technological growth' are not enough at present. The financial groups in the market do not have a high degree of recognition of this line and are willing to enter this main line. field, given a large number of main funds lurking in this field, there is not much money to lift the sedan chair.
Therefore, I think of the line of ‘technological growth’.
There is momentum for a rebound, but if we want to see such a strong explosion like the previous outbreak of the main lines of 'infrastructure' and 'military industry', and go out of the magnificent and continuous breakthrough market like last year, as well as the concentrated market speculation, I think whether it is expected , or logically, there are still some shortcomings. "
"Since you are not optimistic about the 'technological growth' line, then..." Liu Guanhai said with burning eyes and a genuine smile, "we can only turn our attention to the two lines of 'big consumption' and 'big finance'."
Yu Lei thought for a while and then said: "Although the core logic of the 'big consumption' line is economic recovery and consumption recovery, the uncertainty is actually quite large. After all, how far can the economy recover?" It’s hard to say to what extent and how effective the relevant consumption policies will be.”
"You mean...we have to move closer to the main line of 'big finance'?" Liu Guanhai said with some surprise.