Chapter 642 The ‘Broker’ Begins to Move!
Gao Xiang said with a smile: "Everyone can realize that there are obvious differences in funds and long and short positions in popular main lines such as "infrastructure" and "military industry". Everyone can feel that the pressure on the market of these popular main lines is getting greater and greater, and it is difficult to open up upward space in the short term.
It is impossible for the "Yuhang system", the smartest main fund in the market, not to feel it, right?
Moreover, the holdings of the "Yuhang system" in the hot main line fields such as "infrastructure" and "military industry" have a very large holding cost advantage.
Although there are a number of core component stocks in the current "infrastructure" and "military industry" main line fields.
And the recently disclosed Dragon and Tiger List data of the component stocks held by the "Yuhang system" did not show the shadow of the "Yuhang system" trading seat.
However, I think that the funds of the "Yuhang system" must have made some The stock position has been adjusted.
Otherwise, according to the trading style of Mr. Su from the "Yuhang Group".
It is estimated that the popular main lines of "infrastructure" and "military industry" will not be delayed for so long at this position, and the market must have been led to break through long ago.
After all, overall, the current sentiment on the main lines of "infrastructure" and "military industry" is not bad.
With the strong influence of the main funds of the "Yuhang Group" on the market.
As long as the funds of the "Yuhang Group" guide the main market trends of "infrastructure" and "military industry", I think even if there is no concerted cooperation of the main funds in these main areas, they can move upward for a while with the help of relatively hot emotions.
However, this forced upward attack is most likely the real top-rushing market.
According to the usual trading style of the funds of the "Yuhang Group", , this fund also knows that it is difficult to achieve a healthy trend breakthrough with the core lines of "infrastructure" and "military industry" at this point. The rash and aggressive market promotion is just to give some institutional groups that have already reduced their positions and stopped profits, which are currently gathered on the main lines of "infrastructure" and "military industry", a better opportunity to reduce their positions, and to make wedding clothes for these institutions.
At the same time, this meaningless forced upward attack.
Failure to create real market space is estimated to bring negative feedback to the huge influence of the funds of the "Yuhang system" in the market.
Therefore, after comprehensive consideration, according to the trading style of the funds of the "Yuhang system".
They will never continue to promote the "infrastructure" and "military industry" at this position, which are at a relatively high level in the market. In the previous continuous market trend, they have accumulated a huge amount of profit-making main lines, and do meaningless of forced pull-up.
And now that we understand the main lines of "infrastructure" and "military industry", there is no real upward breakthrough at present.
And the market of these hot main lines has no room for continuous upward movement in the short term.
According to the sensitivity of the funds of the "Yuhang system" to the market and the previous style of this fund, the other party will definitely switch positions.
Otherwise, the main fund products of the "Yuhang system" will not always maintain such a high performance growth curve. "
After listening to Gao Xiang's analysis, Chen Yihe pondered for a while, nodded, and a bright color surged in his eyes. He smiled and said: "Your analysis makes sense. The previous hot main lines of "infrastructure" and "military industry" have obviously retreated from the situation where the internal profit-taking is extremely heavy, and the mid-term increase is far beyond the performance of the market index.
In addition, the recent huge number of new retail investors in the market have poured into this field and taken over a lot of chips at high levels.
In the current situation, funds cannot work together, and are unwilling to support the huge number of retail investors who take over at high levels. It is obvious that the popular main lines of the market, such as "infrastructure" and "military industry", cannot continue to break through in a concentrated upward direction in the short term.
This form performance has occurred.
Then, it is indeed impossible for the smart main market funds of the "Yuhang system" to not perceive it.
According to their previous trading style, it is indeed possible that they have already realized the position adjustment in the recent sideways trend of the popular main lines of "infrastructure" and "military industry".
However, in the current market, other major low-level main lines have never been able to form a consistent force.
There is no trace of position adjustment by large main institutions like the "Yuhang system" with tens of billions of funds!
There are many component stocks and concept stocks on the Dragon and Tiger List in the core main line areas of "technological growth", "big consumption", "big finance" and "non-ferrous cycle" at low levels, but no trace of the funds of the "Yuhang system" has been found.
It's as if this fund has disappeared from the market recently.
There is really no trace of it. "
Gao Xiang took over and continued: "With the influence of the funds of the 'Yuhang system' on the market, the other party should be deliberately avoiding the Dragon and Tiger List in the operation. After all, in the entire market, not only us, but also many major fund groups should be focusing on the movements of the funds of the 'Yuhang system'.
And the funds of the 'Yuhang system' must also know that everyone is paying attention to him.
Therefore, in order to avoid the investment strategy being affected, or someone sniping the stocks they want to adjust or build positions in advance, they will naturally deliberately hide the traces on the market.
At present, we cannot determine from the market where the funds of the 'Yuhang system' are adjusted.
But basically, it is certain that the core main positions of this fund are definitely not in the main directions of "infrastructure" and "military industry" where they held and locked up large-scale positions in the early stage.
However, according to my previous historical review of the funds of the ‘Yuhang Department’.
And last time in June, the "Yu Hang Group" funds were in tit-for-tat with other major financial institutions on the main line of "big infrastructure".
The "Yu Hang Group" capital's core position adjustment route is unlikely to be the "technological growth" line. "
"Why are you so sure?" Chen Yihe asked.
Gao Xiang responded: "Because there are many people who are optimistic about the line of 'technological growth', and the future expectations of this line and the fundamentals of the industry are basically well-known, and they are hoarding on the main line of 'technological growth'" There are quite a few major financial groups lurking and ambushing.
A few months ago, in June.
The market lies in the two main lines of ‘big infrastructure’ and ‘technological growth’.
Choosing to break through the main line of "big infrastructure", the line of "technological growth" has seriously underperformed the market index in recent months.
However, even so, according to the semi-annual report data.
Within its field, the accumulated institutional positions are still among the major main lines of the market, with relatively heavy positions.
Moreover, the 'technological growth' line, because the future expectations are basically good and the industry fundamentals still have room to explode, so although this line has been undergoing adjustments, the overall decline is actually not that deep. , and the valuations of popular stocks, such as LeTV, Wangsu Technology, Huayi Brothers, Oriental Fortune, etc., are still quite high, basically above 150 times PE.
Analyze from the perspective of future expectations.
These tickets have certain investment value, but there is not enough expected difference!
I think this is also the reason why many people are optimistic about the line of "technological growth", but this line has never been able to form a unified force of funds and cannot lead to a breakthrough market.
So many potential stocks are piled up on the line of 'technological growth'.
I think that according to the style of the funds of the "Yu Hang Group", they will definitely not enter this line and hold large-scale positions to lure these latent funds. "
Chen Yihe thought for a while and said: "Instead of the main line of 'technological growth', there are only two main lines of 'big consumption' and 'big finance', which are possible. After all, the line of 'non-ferrous cycle' , the joint force of funds has been the weakest recently, and the serious overcapacity problem and sluggish market demand within each major industry have not yet been solved. There are considerable problems in the basic investment logic.
This main line is not recognized by the vast majority of institutions both on and off the court.
I think the market basically disagrees, and there is no main line supported by basic investment logic.
The funds of the 'Yu Hang Group' should not be too confident to enter this main line to build large-scale positions and want to guide the market of this main line, right?
After all, based on the past operations of this fund.
They also follow the market trend and the direction of the general trend that may occur in the market. They will not operate against the trend and go against the capital group of the entire market. "
"Yeah!" Gao Xiang responded, "I think so too, and I think the probability that the 'Yu Hang Group' funds will move in the direction of 'big finance' in the direction of position adjustment is much greater than that in the 'big consumption' field. .
After all, in the field of 'big consumption', the logic of investment is actually lacking.
At least, for now, the signs of economic recovery are not very obvious. There are expectations for the future, but there is still a certain degree of uncertainty.
Looking at the 'big finance' line, there are currently not so many uncertain factors.
Moreover, careful analysis shows that under the expected policy of regulators clearly still protecting the market and hoping that market conditions will continue to strengthen, the future benefits of the main line of 'big finance' are more or less predictable. In addition, the current market conditions continue to strengthen, and the market will continue to strengthen. The growth in transaction volume, the surge in the balance of financing and financing, as well as the official opening of Shanghai-Hong Kong Stock Connect next month, the official listing of A50 index futures and China Securities 500 index futures.
These are all expected benefits for the ‘big financial’ sector.
Analyzing from this direction, the funds of the 'Yu Hang Group' are very likely to focus on the direction of position adjustment, which is that the current funds have gathered, but the aggregation effect is not strong yet. At the same time, it is closely related to the main line of 'technological growth' and ' Infrastructure', 'military industry' and other main areas of 'big finance' that were popular in the early stage have certain funding differences.
And, analyze it from another direction.
Only the liquidity of the 'Big Finance' line can fully carry such a huge capital flow from the 'Yu Hang System' without leaving any trace, right? "
"Haha..." After hearing Gao Xiang's analysis, Chen Yihe couldn't help but smile and said, "The analysis is very reasonable. We should pay more attention to the line of 'big finance'. The so-called 'big bull market' If the market wants to start, 'brokerage firms' must be the pioneers!
It feels like at this time, the market is moving sideways without rushing, and is always gathering strength.
It is indeed time to focus on the 'brokerage' sector and look forward to the 'brokerage' taking the lead and making breakthroughs in the market. "
"Well!" Gao Xiang continued to nod, with a hint of excitement in his eyes, "Since you agree with the logic of my analysis, boss, then our fund will focus on adjusting positions in the direction of 'brokerages'."
Chen Yihe said: "Okay, no problem."
Hearing Chen Yihe's firm words, Gao Xiang chuckled, turned around hurriedly, and immediately issued a trading strategy to the traders in the trading room to further adjust positions in the direction of the market's "brokerage".
Later, when he finished issuing the corresponding trading strategy.
Looking back, I looked back at the trading market of the two markets.
I saw that at this time, the time trading time had already entered after 9:35, and the two cities had officially continued bidding transactions for 5 minutes.
Under the fierce long-short game.
"Infrastructure", "military industry" and other markets have a lot of hot core main lines. The stocks with corresponding weights and leading concept stocks were sharply sold by funds yesterday. Although they have strengthened at this moment, the fund divergence on the market is still very large, and only the upward trend has occurred. After a short period of increase, it entered the sideways stage of heavy volume and stagflation.
The main line of ‘technological growth’ is generally opening lower.
At this moment, due to the general stop-loss operation due to yesterday's intraday follow-up capital losses, the price fell further and fell into a weak and volatile downward trend.
Moreover, its main capital flow has been slowly flowing out since the market opened.
As for the main concept line of 'sports industry development' that formed the daily limit yesterday, and the 'sub-new stocks' sector.
At this moment, in these two major fields, driven by the two leading stocks of ‘Leiman Optoelectronics’ and ‘Blue Stone Heavy Equipment’, the moment the market opened, they went straight to the daily limit and hit the daily limit again.
Within its field, a number of related concept stocks have also risen further and continued to make breakthroughs.
As a result, the money-making effect of these two main concept areas is still hot, and they continue to become the leading related sectors among the concept sectors in the two cities.
In addition to these main areas.
Such as other main areas of 'big consumption', 'non-ferrous cycle' and 'big finance'.
The main line of 'big consumption', such as liquor, white goods, automobiles, food sales and other industry sectors and concept sectors, performed tepidly, and the volume remained stable. Following the fluctuations of the Shanghai Stock Exchange Index, there was no independent market awareness, and there was no main force. Traces of concentrated funds for trading.
The main line of "non-ferrous cycle" has a similar trend to the main line of "technological growth".
The corresponding industry sectors and concept sectors are obviously weaker than the broader market, and there is no trace of major capital inflows in this main line area. The volume of energy is the most sluggish in all main line areas of the entire market. Basically, it is dominated by the mainstream capital groups in the market. , completely abandoned, with only retail investors participating in the transaction on the market.
And the line of ‘big finance’.
Especially the 'brokerage' sector, since its official opening.
The main capital flow within the sector began to accelerate.
Moreover, although the corresponding trend of individual stocks does not show a radical trend of straight-line pulling, the continuous upward shock trend is still very obvious, and whether it is an increase or decrease in the time-sharing line, it is better than the market index. That is, when the market rises, the corresponding stocks of brokerage firms rise by a greater margin; when the market index falls, the corresponding stocks of brokerage firms fall by a smaller margin.
However, the performance of securities firms is obviously stronger than that of the market.
The relative performance of the banking and insurance sectors in the main areas of ‘big finance’ is still relatively sluggish.
"Boss, I feel that the main capital flows in the 'brokerage' sector are a bit accelerating!" At around 9:45, inside Yuhang and Yuhang Investment Company, in the main fund trading room, they were observing the changes in the market prices of the two cities. Team leader Wang Can pondered for a moment, then turned his eyes slightly to Su Yu who was aside, and said with a smile, "I feel that many stocks in the 'brokerage' sector are a bit unbearable on the market."
"I feel a little overwhelmed." Zhao Lijun, who has been promoted to a fund manager, replied, staring at the trends of securities stocks, "For many securities stocks, active buying has been significantly greater than selling, and among brokers When the sector clearly fluctuated and rose, other sectors of the market did not react too negatively. "
Li Mengmeng thought for a while and then answered: "The brokerage sector has indeed begun to show a continuous positive feedback effect. At the same time, the main line of 'big finance', the main capital accumulation effect, has also begun to become much heavier than before. However, based on the signs of market capital following the trend at this time, it should not be time to guide the market and make a breakthrough.”
Su Yu heard the voices of the three people talking and discussing, nodded slightly, and said with a smile: "Yes, it's not yet time to guide the board to make a real breakthrough.
After all, at this time, there are still huge differences among the main lines of the market and the main funds.
First of all, the popular main lines of 'infrastructure' and 'military industry' in the early stage have not completely lost their money-making effect, and the short-term head reaction is not obvious yet. At the current stage, there is still a strong focus on these major lines of 'infrastructure' and 'military industry'. There are not a few funds in the popular main line that have breakthrough expectations.
Secondly, on the line of ‘technological growth’, there are also many major financial groups gathered.
Moreover, these main financial groups that gather on the line of 'technological growth' are obviously interested in maintaining the main line of 'technological growth'. These main financial groups have not lost sight of the market trends of the 'technological growth' line. Before confidence, these funds will not withdraw on a large scale and flow into other core lines.
There are also two major areas: ‘sports industry development’ and ‘sub-new stocks’.
This time, many major financial groups have also gathered to participate.
Many short-term active funds in the market are currently focused on speculation in these two areas.
If we want to truly guide the market of the ‘brokerage’ sector, if we want to make the main capital flow of the entire market concentrate on flowing into the ‘brokerage’ sector, and directly create a hot money-making effect and a substantial breakthrough in one fell swoop, we must wait until the time for the market to truly switch the main line arrives.
We have to wait until the money-making effect of the previous popular main lines such as ‘infrastructure’ and ‘military industry’ further declines, and the loss effect gradually spreads. Even the retail investors who follow the trend and take over later begin to continue to doubt the market of these previous popular main lines. Only then can we guide the capital flow in these hot main lines to quickly flow into and converge on the low-level main line.
We also have to wait for the ‘technological growth’ line to rush again, forming a greater divergence, so that the capital group gathered in the ‘technological growth’ line field, who thinks that this line will become the next core breakthrough main line of the market, will further lose confidence.
We have to wait until the two major concept main lines of ‘sports industry development’ and ‘new stocks’.
Gradually coming to an end, the hype capital groups currently gathered in these two main lines of market are beginning to ebb and retreat.
At that time... it is time for us to make a concerted effort to guide the "brokerage" sector and break through the market.
It is said that "brokerage" is the pioneer sector of the bull market.
Since our goal is to open the curtain of the "big bull market" and let the expectation of the "big bull market" penetrate into the hearts of all market investors.
Then, when we pull the market, we must be foolproof.
We must make a concerted effort and use the strongest attitude to hit the market of the "brokerage" sector. "
In the trading room, the members of each trading group heard Su Yu's inspiring words, and they were more or less excited.
"So, before the opportunity comes, we have to be patient." Su Yu looked around the trading room, everyone's expression, and continued with a smile, "We have to be like hunters. Before pulling the trigger, we must wait in place and wait motionlessly for the prey to approach the best shooting range, so that we can hit it with one shot. "
"Okay, I understand! "Wang Can nodded.
The other traders in the trading room, as well as the heads of each trading group, also nodded firmly.
At present, under the guidance of Su Yu, the positions are adjusted.
The four main funds of the 'Yuhang system' have a total capital flow of 100 billion, and more than 60 billion funds have entered the main line of 'big finance' in a month of continuous buying trading strategy.
As for the positions in other main lines.
There is only a bottom position, which is not enough to have a big impact on the net value of the fund.
At this time, what they lack is the opportunity of the market and the news to trigger a comprehensive breakthrough in the main line of the entire 'big finance'.
No matter which of these two opportunities comes first.
They will put the remaining tens of billions of funds, The comprehensive bombardment of the core stock market of "Big Finance" has brought out the investment sentiment and extreme money-making effect of the main line of "Big Finance" in one fell swoop, thus unveiling the curtain of the "Big Bull Market".
Accompanied by the waiting of the entire "Yuhang System".
At the same time, inside the "Anzhao Fund" company, which has been incorporated into the capital system of the "Yuhang System".
In the main fund trading room, Qin Qiuyue, the general manager of the fund, saw that it had been more than a month since his fund was transferred to the main line of "Big Finance". The main line of "Big Finance" was still standing still and had not made a substantial breakthrough. His brows were obviously frowned, and he began to doubt whether his previous practice of following Su Yu's advice and transferring positions to the main line of "Big Finance" in advance was correct.
"Why is there no movement yet? "Qin Qiuyue sighed helplessly.
Zhou Hui, who had been promoted to the main fund manager, stared at the market, thought for a while, and smiled and said: "It should be...soon, I think the overall market divergence has been getting bigger and bigger, and today the 'brokerage' sector has also moved a little bit, and the volume is obviously more positive than usual. "
"Ah..." Qin Qiuyue sighed lightly, "In the past month or so, the net value of our fund products has basically not moved at all. The investor groups who trusted us before have a lot of complaints in their hearts now, and these investor groups are all based on our fund's ability to replicate the performance of the 'Yuhang Series' fund products. If the market of the 'big finance' line does not improve, I am afraid that the complaints of investors will be even deeper, and our institution will also be pushed to the forefront of the industry!" (End of this chapter)