Chapter 690: Familiar Rise and Fall!

Accompanied by the continuous investment and increase of positions of these capital groups.

At 10:15, the core indexes of the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index once again hit intraday highs, and the intraday gains have expanded to more than 2%.

Immediately afterwards, a number of core themes such as "big finance", "technological growth", "infrastructure", and "military industry".

It also rose across the board and continued to break through intraday highs.

Then, just when everyone thought that the Shanghai Composite Index would continue to break upward, strongly regain yesterday's lost ground, and fully reverse yesterday's plunge.

At 10:36, after the market had completed about an hour of trading time.

When the bullish sentiment in the market was excited and upward, and it was warming up across the board.

The intraday trading volume of the market, after consuming a large amount of buying funds at the beginning of the session, showed obvious signs of shrinking, and the upward trend began to be obviously weak.

After that, the Shanghai Composite Index and other core indexes in the market pulled back one after another.

At 10:42, the Shanghai Composite Index fell back to within the 2% increase mark. At the same time, a number of popular core stocks, such as Huaxin Securities, LeTV, Netspeed Technology, Hengsheng Electronics, and Oriental Fortune, which had extremely explosive growth in the early trading, showed large differences in their trading. The active buying volume began to decline, while the active selling volume began to increase. The long and short patterns that have always been positive have clearly shown signs of reversal.

At 10:52, the Shanghai Composite Index continued to fall, and the intraday volume continued to decline.

When the time was bought to 11 o'clock, it entered the last half hour of the morning trading session.

The trend of the entire market rising and falling became clearer. Several popular core stocks that had closed the daily limit at the beginning of the morning trading session all experienced a situation of exploding the board.

At 11:10, in the divergence of the market's high decline, the active capital group began to further gather in the core main line areas such as "big finance", "technological growth", "infrastructure", "military industry", and "big consumption", which rebounded violently and could continue to outperform the market index.

At the same time, the differentiation of the entire market was formed.

With the further concentration of active capital groups, individual stocks in the core hot main line areas began to attack again and recover the intraday retracement, while other non-core main line concept stocks and component stocks showed a further reduction in volume and a weaker and weaker market trend.

At 11:20, the check of "Huatou Capital" that had reached the daily limit suddenly exploded.

At 11:21, driven by the explosion of the core stock of the brokerage firm ‘Huatou Capital’, the entire securities sector index fell rapidly by nearly 1 point in one minute. At the same time, the stock prices of a large number of core component stocks such as Huaxin Securities, Huatong Securities, Western Securities, Huashang Securities, Founder Securities, etc., all fell rapidly, and the main selling force on the market took the opportunity to rush out.

At 11:21, the leading concept stock of the new stock sector ‘Lanshi Heavy Equipment’ also showed signs of large-scale explosion, but before the market was completely exploded, the main funds that blocked this stock in the early trading stage quickly increased the market order of this stock through the form of pending orders.

At 11:22, almost all hot stocks in the two markets fell further.

At 11:23, a number of market-related mainline industry sectors, concept sectors, and many core component stocks such as "banking", "insurance", "petrochemical", "nonferrous cycle", "pharmaceutical business", etc., all fell back to the high opening increase position at the opening time.

At 11:24, "Huaxin Securities" fell more than 2% from its intraday high.

At 11:25, the intraday increase of the Shanghai Composite Index further fell back to about 1.5%, while other Shenzhen Composite Index and ChiNext Index still retreated below the 1.5% increase mark.

At 11:26, the number of stocks that broke the board in the two markets broke through 10.

At 11:27, a number of stocks in the main line of "technology growth" such as "LeTV", "Netspeed Technology", "Guangguang Media", and "Huayi Brothers" also fell back to the high opening increase position at the opening of the morning session.

At 11:28, the overall market trend further diverged.

Finally, at 11:30, the two markets welcomed the moment of midday closing.

The Shanghai Composite Index was set at a 1.46% increase, barely holding the 3,200 point mark, while the Shenzhen Composite Index and the ChiNext Index had both fallen from their intraday highs to a 1.2% increase, and the trading volume of the two markets was significantly reduced after 10:30.

Overall, the half-day trading volume of the two markets, compared with yesterday, was reduced by about 35 billion.

In addition to the problems with index performance and trading volume.

In terms of the performance of the core main line of the market, except for the core hot concept sectors of "new stocks", "Internet e-commerce", and "Internet finance", which did not experience a large intraday retracement and were still in a relatively high consolidation and shock state, other core main line industry sectors and concept sectors, even the "securities", "defense and military industry", "film and television media", "Internet software", "Internet applications", "mechanical equipment", "retail", "automobile" and other industry sectors that were very strong in the early trading.

There was also a very obvious trend of large-scale surges and then large-scale retracements.

According to this closing status...

Originally before 10:30, a large number of aggressive follow-up funds and tens of millions of retail investors on and off the market.

At this moment, most of them are a little disappointed.

Originally, everyone thought that the market showed such a strong trend during the one-hour trading session in the morning, and that it should continue to rebound with heavy volume and fully recover yesterday's losses. Unexpectedly, after 10:30, it actually gradually fell from the intraday high. It fell back and was trapped near 3200 points.

Of course, even many investor groups are concerned about the market performance in the hour near noon.

It's quite disappointing.

But overall, today's market trends are remarkable compared to yesterday.

Although the vast majority of stocks in the two cities have gone out of the trend of high volume at the beginning of the market and then fluctuating back towards midday, more than 2,000 stocks participating in transactions in the two cities still maintain a red market rate of more than 85%, that is, the two cities More than 85% of the stocks in the market still closed in the red at noon.

Generally speaking, the pattern of market rebound has not been destroyed.

Moreover, although the index fluctuated and fell a lot, the closing point was still clearly above the opening point in early trading.

"Compared to the intraday high, it has dropped by almost 1 point!"

After the closing of the two markets, during a brief resumption of trading, in the main fund trading room of Yuhang and Yuhang Investment Company, Wang Can, who was observing the market, frowned slightly and said with some worry: "Look at this trend, the Shanghai Stock Index is rebounding. After breaking through 3200 points, there is a lot of pressure from above. If it still performs like this in the afternoon, I am afraid that the entire market will inevitably continue to fall, and it will be impossible to recover yesterday's huge decline. "

"In the early trading stage, the Shanghai Stock Index attacked too quickly and crossed the 3200 point too quickly." After hearing Wang Can's words, Zhao Lijun took over and said, "Yesterday the market fell rapidly, and the core position taken by the major financial groups was that the Shanghai Stock Index reached 3200 points. The range is 3270 points.

In other words, once the Shanghai Stock Index quickly crosses 3200 points, the number of chips that suppress the upward trend of the index will be suppressed.

There will obviously be a level of growth.

At the same time, although the investment sentiment and investment confidence of the entire market have recovered compared to yesterday, there are still many investors who have doubts and worries.

For example...are you not? "

When Zhao Lijun said this, he chuckled, glanced at Wang Can, and then said: "There are still residual profits and unwinding of arbitrage, which will also suppress the upward trend of the market at this time.

suppressed by these forces.

After the market has consumed the most radical and powerful active buying force in the early trading.

The bullish power was temporarily unable to keep up and could not continue to accept the selling orders from above. Then it became very natural for the market to fluctuate and fall back.

In fact, we don’t need to worry too much.

Although, this morning, the index rebounded radically and then fell back in shock, which looked a bit scary.

However, overall, the chip structure of the market continues to change for the better, and during the decline, the volume is gradually shrinking. At least compared with yesterday, it is continuing to shrink. This illustrates the selling at the top of the market at this moment. Although there is a lot of power and it can still suppress the bulls slightly, compared with yesterday, it is already in a significantly weakened state.

Predictably...

As the market trading time goes by, the floating chips, short-term profit orders, and short-term unwinding orders in the market are further reduced.

This gives the index the motivation and foundation to continue its upward attack.

At the same time, don’t forget that the market is still operating in the ‘bull market’ stage, and the ‘bull market’ expectations and emotional atmosphere of the entire market are still gradually deepening.

There is also the short-term capital group outside the market, although it is said that they are hesitant.

But it still continues to flow in.

Although the process of this in and out may have some twists and turns, it can be seen that there is always no deviation from the trend and there is only one way to go upward.

Not surprisingly, there were no major negative blows during the lunch break.

I think during the afternoon trading session, the index will definitely go up again with volume after the market's time-sharing volume can further weaken.

If the market trend in the morning is mainly a process of eager upward attack, surge and fall, then the market trend in the afternoon is most likely a process of slight correction, gradually fluctuating upward, and re-impacting towards the intraday high. "

"Well, I agree with Manager Zhao's analysis and judgment." After hearing Zhao Lijun's in-depth analysis of the market, Zhang Guobing also smiled and said, "The market trend in the morning, the reason why the index shot up and fell is because the attack was too fast and the rise was It was too fast, and the bullish forces did not fully catch up, resulting in being suppressed by the bearish forces above. After the bullish sentiment further fermented during the rest period, the market trend in the afternoon will reverse. "

"The problem with the index should not be big." Zhu Tianyang also added at this time, "Our main focus should still be on the core main line of the market.

Look at the market trend this morning.

Obviously, the securities and Internet finance sectors in the direction of ‘big finance’.

The ‘Internet e-commerce’ and ‘film and television media’ sectors are the main areas of ‘technological growth’.

The 'retail', 'automobile', and 'white goods' sectors in the 'big consumption' field; the 'defense and military industry', 'machinery equipment', and 'high-speed rail' sectors in the two main areas of 'infrastructure' and 'military industry', as well as A 'sub-new stock' sector.

It has become the vanguard of the market rebound trend.

If the market continues to advance and quickly recovers lost ground, these sectors are likely to continue to strengthen and continue to outperform the market index, and they are worthy of our attention.

Among them, the "defense and military industry" sector has fallen through today and has a bottom reversal trend.

I think we should take the opportunity to take back some high-quality chips in this sector.

There are also the "mechanical equipment", "high-speed rail", and "public transportation" sectors mentioned by General Manager Su before. Today, it seems that there are also major capital groups that have increased their positions on a large scale at the bottom.

We have to further accelerate our increase in positions in this field.

As for the securities and Internet finance sectors in the direction of "big finance", at present, they are still the core of the market weight. It should not have reached the real expected realization divergence point, and they can continue to hold heavy positions. "

"In fact, the field of "film and television media" is also worth noting. "Liu Yuan thought for a while and said, "It seems that this field has been adjusted to the end. In addition, there is a certain expectation gap in the subsequent expectations of this field. However, the market value of this line is relatively small. Even if we can intervene, we can only treat it as a branch line. "

"At present, the focus is mainly on the two major sectors of "Securities" and "Internet Finance", as well as the fields of "Infrastructure" and "Military Industry", the concept theme sector and related industry sectors I mentioned before. "Su Yu smiled and continued in the discussion of the crowd, "Although other branches also meet the conditions for building positions, but... we must first do the core, so as to capture the excess returns of the market. "

"Well! "Everyone nodded, and then their eyes returned to the two markets.

As time went by...

The one and a half hour break at noon passed by in a flash.

During the entire break, there was no particularly noteworthy good or bad news at noon.

So, when the market returned to the trading session and re-entered the continuous bidding transaction, the major indexes, as well as the major core stocks, the major weighted main lines, the industry sectors and concept sector indexes in the hot main line fields, did not perform very strongly, and continued the shrinking and volatile trend in the late morning trading stage.

Until 1:32 p.m.

'Western Securities', a highly leading stock in the securities sector, and the top five hot stocks in the two markets in terms of attention and discussion, suddenly attacked the daily limit under the continuous attack of large orders of 10,000 hands, and at the same time, 'Huatou Capital' returned to the daily limit.

At this time, the entire market seemed to have just woken up from the dream of shrinking and volatile!