Chapter 673: The Market with Clear Strengths and Weaknesses, and the Main Funds Continue to Pursue!

"Alas, such a good foreign market trend did not stimulate the domestic market at all. I am really impressed!"

After seeing the frozen opening situation of the two markets, during the short trading suspension time between 9:25 and 9:30, a group of retail investors gathered in the discussion area of ​​the trading platform expressed their regrets that the performance was not as good as expected.

"It seems that yesterday's market trend had a great impact. The main line areas such as 'infrastructure' and 'military industry', which had been hyped up in the early stage and the main funds had retreated significantly, and the main lines such as 'technological growth', 'big consumption', and 'non-ferrous metal cycle', which have continued to rise in recent days but have not been able to form a substantial breakthrough trend, have indeed entered a short-term correction trend again, and it is difficult to continue to open up upward space."

"Based on the market pattern at the opening, only the main line of 'big finance' is worth looking at."

"It is indeed 'the strong will always be strong'. The line of 'big finance' is really ridiculously strong, especially the core stocks in the securities sector and the Internet finance sector, which really refuse to adjust completely. They are either at a new high or on the way to a new high. I don't know why the main funds are following the trend of these two sectors. Enthusiastic. "

"The logic is different, right? The logic of the main line of 'big finance' is the logical expectation of the 'bull market'. Now... everyone has basically agreed that this is a bull market. As the pioneer sector of the bull market, 'big finance' has been extremely low in the early stage of valuation. There is a demand for a rebound. How can it not be strong?"

"If we talk about expectations, the expectations of the main lines of 'technological growth', 'infrastructure', and 'military industry' are not weak!"

"The future expectations of the two main lines of 'infrastructure' and 'military industry' are indeed still very strong, but their current valuation level and the height of the stock price are already higher than 'big finance' by more than 40%, and these two main lines have risen too much in the past few months. Even if the expectations are strong, they must be adjusted drastically, readjust the internal chip structure, and re-gather the main funds and popularity. It can eventually get out of the market.

As for the line of "technological growth".

I think many main funds in the current market still have some doubts about the logic of this core main line, right?

After all, the core stocks in this big main line, even if the stock price has been adjusted for almost half a year, are actually not undervalued. For example, the core stocks, such as "LeTV, Netspeed Technology, Huayi Brothers", etc., have a dynamic PE of more than 100 times. With such a valuation, even if the performance growth rate is very high, when the core investment focus of the market is on the main line of "big finance", when the attack direction of the main funds in the market is differentiated.

It is still difficult to have a large upward space expectation and a sustained market performance expectation!

Unless in the follow-up, such as the current third quarter and the fourth quarter, the performance growth rate of the corresponding core stocks can If it can exceed expectations, then the investment logic of the "Technology Growth" line and the expected logic in the future will be re-evaluated by the main funds of all parties inside and outside the market, leading to the opportunity to revise the expected logic and valuation.

Therefore, according to the expected logic and valuation level, I think the "Technology Growth" line has not yet reached a more suitable investment opportunity.

At present, the "Technology Growth" line feels more.

Or it is due to the growth of market liquidity and the oversold rebound logic under the continuous adjustment in the previous period. It follows the logic of rebound, not the logic of reversal. "

"It shouldn't be. From the technical analysis of the K-line, although the "Technology Growth" line is not as good as the "Big Finance" main line, especially the trend of the securities sector and the Internet finance sector, and the obvious trend of reversal, it also has traces of reversal. "

"Isn't the "Internet Finance" sector also a branch line in the main theme of "Technology Growth"? ”

“You can’t calculate it that way. The trend of the ‘Internet Finance’ sector is more… still following the core logic of ‘Big Finance’. It is not strongly correlated with the trend of the ‘Technology Growth’ main line. The two… still cannot be generalized.”

“I think the performance turning point is not equal to the stock price turning point. There are definitely investment opportunities in the ‘Technology Growth’ main line.”

“To be precise, the performance turning point lags behind the stock price turning point.”

“At least after Mr. Jia comes back, the market outlook for the ‘LeTV’ check should not be worse than before, right?”

“It won’t be worse than before, but the continuous surge and rebound of ‘LeTV’ for many days has also filled this expectation gap, right? If the stock price of this check wants to rise in the future, it still depends on the reversal of its fundamentals.”

“Alas… Overall, there are still many uncertainties in the ‘Technology Growth’ line. ”

“Looking at it horizontally and vertically, there should be no other main line in the market with a clearer and stronger investment logic than the ‘big finance’ line.”

“So do you trade, follow the trend, or chase the stocks of the ‘big finance’ main line?”

“To be precise, chase the core stocks of the securities sector and the Internet finance sector.”

“But the position is really not low!”

“In this world, good things don’t have a cheap reason. After all, everyone has a sharp eye. The opportunities you can see can also be seen by others. The ‘big finance’ main line is so strong and sustainable. I think chasing the stocks of the ‘big finance’ line is much safer than chasing the stocks of other main lines.”

"From the logic that the strong always become stronger, this is indeed the truth."

"In a bull market, we must focus on the momentum. There is no problem at all in pursuing core stocks in the securities sector and the Internet financial sector."

"Furthermore, it can be foreseen that in the second half of this year, especially in the third and fourth quarters, the performance of securities stocks, as well as many core stocks in the Internet financial sector, is bound to skyrocket, right? So these two popular sectors are actually going to It’s not just emotional hype, there are real fundamental changes and core logic behind changes in performance expectations.”

"This is natural. Otherwise, would all the major financial groups be so crazy and continue to raise funds at high levels regardless of cost?"

"Continue to follow the stocks that were disclosed in the Dragon and Tiger List data yesterday, and the main funds of institutions increased their positions on a large scale. I feel that this direction is the safest direction for the market."

“Isn’t there a saying that the more divergent the market conditions are, the more funds will be concentrated on the core line?”

"In fact, judging from the market's historical trend performance, this is indeed the case."

"Then what else is there to say? Just continue to pursue core stocks in the securities and Internet financial sectors. As long as these core stocks have not shown obvious signs of peaking, the main funds holding positions within them have not yet carried out large-scale concentrated selling. If it’s out, you can continue to follow the trend.”

"Yes, what's more, the entire securities sector, the Internet finance sector, and Mr. Su's 'Yu Hang Department' are currently supported by the main funds."

“However, we still have to prevent the main line of ‘big finance’ from following in the footsteps of main lines such as ‘infrastructure’ and ‘military industry’!”

"The main lines such as 'Infrastructure' and 'Military Industry' have been rising for a consecutive quarter. Oh, no, it should be said that the main line of 'Big Infrastructure' has been rising sharply since the beginning of April in the first half of the year. If we consider 'Big Infrastructure' If the market development of the main line of finance is compared with the market development of these two main lines, it is obvious that the market development of the main line of 'big finance' has only just begun, and there is still a lot of room for subsequent market development. "

"Yes, it is not required that the market development of the main line of 'big finance' reach the previous market height and duration of the main line development of 'big infrastructure' and 'military industry'. There is room for at least doubling of the index, right? Now it has risen the most The ferocious securities sector and Internet financial sector indexes have surged rapidly for more than a week, and they have only gained about 30% from the bottom. It is still far from doubling. "

"Since ancient times, people who are afraid of heights have suffered. The more they dare not chase, the more they go up, and the more they feel cheap, the more they fall. Eliminate the weak and retain the strong, and concentrate on holding leading stocks. This is the true meaning of stock trading. No matter what you think about it, With the current market trend and the 'big financial' line, I am ready to continue chasing positions after the market opens."

"I will continue to follow the warehouse..."

"I have long wanted to buy the two stocks of 'Western Securities' and 'Flush', but I haven't freed up my early positions. Yesterday I finally got rid of the weak stocks that I had been deeply involved in before. I will definitely follow up today."

"Mr. Su's 'Yuhang Department' funds have just entered the main line of 'Big Finance', and I continue to pursue positions. I don't believe that in this position, they can trap me to death?"

Amidst the heated discussion among everyone...

The short 5-minute suspension time is fleeting.

When everyone's attention turned back to the stocks they were paying attention to, and focused on the core indexes of the two cities, the time had already passed to 9:30, and the two cities ushered in the official continuous bidding trading period.

I saw that the market prices of the two cities had just begun to jump rapidly.

The securities sector and the Internet financial sector, which have attracted much attention and focused the attention of countless investors, continue to open significantly higher, rapidly increase volume, and make rapid progress.

Among them, there are a number of popular core stocks within the two major sectors.

On the market of 'Western Securities', there were large orders of more than 1,000 lots traded. Within one minute, its stock price suddenly rose to more than 3%; and 'Flush', a leading stock with core concepts, its stock price even more Within one minute, the explosive volume reached the 8% increase mark, showing signs of continuing to hit the daily limit.

at the same time.

The two main lines are ‘infrastructure’ and ‘military industry’.

As well as a number of industry sectors and concept sectors that were oscillating around core conceptual themes such as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central and State-owned Enterprises', etc., they fell rapidly and were deposited internally. The main force continues to sell intensively.

Among them, they are also the core concept leading stocks that have attracted a lot of attention in the two cities.

The "Blue Stone Reload" check, which once hit a maximum of 25 consecutive boards, reduced the intraday drop to about 5% within one minute.

Of course, it was affected by the check of ‘Blue Stone Reinstallation’.

Stocks such as 'Fushun Special Steel', 'Aviation Development', 'Hongdu Aviation', 'Shanghai Construction Engineering', 'Beijiang Communications Construction'... also plunged straight into the sky, and the market decline expanded instantly.

And also at the same time.

In the main field of 'technological growth', branch concepts such as 'Internet software', 'Internet applications', and 'smartphone industry chain' have also declined one after another. However, the core concept of the 'film and television media' sector has maintained its momentum at this moment. The trend of flat market fluctuations, whether it is 'LeTV, Huayi Brothers, Enlight Media, Huace Film and Television, Yanjing Culture...' and other stocks, despite the fierce trading on the market, the long and short forces can still maintain a balance.

As for the main lines such as "big consumption", "non-ferrous metal cycle", "pharmaceutical business", "petrochemical"...

At this moment, although there is a downward adjustment trend, the volume has not expanded, but there are signs of shrinking.

At 9:32, it was only 2 minutes after the opening.

After a short consolidation pause, the check of "Tonghuashun" was suddenly pushed to the daily limit price by continuous large orders of 10,000 hands.

And as the stock of "Tonghuashun" rushed to the daily limit.

The stocks of "Hengsheng Electronics, Oriental Fortune, Jinzheng Shares, Yinjie Technology, Shanghai Steel Union, Changliang Technology..." in the same Internet financial sector also followed suit.

And the core component stocks of the securities sector, banking, and insurance sectors.

They were also affected at the same time and followed suit.

At 9:33, only 3 minutes after the opening, Tonghuashun hit the daily limit. In more than ten seconds, the order reached more than 200,000 lots, and the trading volume showed obvious signs of shrinking.

With the check of ‘Tonghuashun’ hitting the daily limit.

The entire ‘big finance’ main line field, whether it is the Internet finance sector, securities, banks, or insurance sectors.

The frequency of abnormal movements of its corresponding component stocks is even more frequent.

Among them, the stock price of ‘Western Securities’ rose straight, further expanding the market increase to more than 5%, refreshing yesterday’s intraday height and the annual high position, and charging towards the historical high.

At 9:35, when the ‘big finance’ main line was frantically siphoning the market’s active capital groups and main capital groups, the core concept leader stock ‘Lanshi Heavy Equipment’ further fell and adjusted, and the stock price jumped from a drop of 5% to the limit position.

At the same time, the two core main lines of ‘infrastructure’ and ‘military industry’.

As well as the main themes of the concepts of "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Restructuring of Central Enterprises and State-owned Enterprises", they were also greatly affected, and the stock prices of the corresponding core component stocks fell further.

At 9:40, the Shanghai Composite Index passively rose to a rise of more than 0.5% under the fierce attack of the main line of "Big Finance", while the Shenzhen Composite Index and the ChiNext Index gradually fluctuated and fell back, and fell into the water.

At this moment, the market conditions of the two markets once again presented a clearly layered market pattern.

That is, the main line of "big finance" is still strong and continues to lead the two markets; the main line of "technological growth" is behind it, and continues to differentiate and fluctuate, with fierce long and short interweaving; the main lines of "big consumption", "non-ferrous cycle", "petrochemical", "pharmaceutical business" and other main lines are shrinking and fluctuating, trading near the flat position; the main lines of "infrastructure" and "military industry" continue to see a large-scale and continuous retreat of the main funds, and the corresponding core stocks have accelerated their declines. The weak form remains and continues to lead the decline of the industry sectors and concept sectors in the two markets.

Facing a strong sense of hierarchy, a clear main line of strength and weakness, and a clear market trend.

At 9:45, at this moment, Yanjing, Shanghai, Shenzhen, Jinling, Yuhang, and other important core cities across the country, a group of major institutional investors and large hot money groups that are currently gathered in other non-'big finance' main lines, also began to further follow the trading rules of 'eliminating the weak and retaining the strong, and the strong will always be strong', and sold off the weak main line chips in large quantities, focusing on the 'big finance' main line, especially the core stocks of the securities sector and the Internet finance sector, and chasing high positions and grabbing chips at all costs. (End of this chapter)