Chapter 670: Changes in the Market Situation Where the Strong Always Remain Strong!

In the early stages of a bull market, the market always moves forward with determination and hesitation, and continues to fluctuate.

Su Yu knows that any change or interpretation of the market cannot be achieved overnight, and the changes in the index cannot be linear. Regardless of the bull market or the bear market, there will be rises and falls, and often in the bull market, the rapid correction will catch people off guard. The sharp decline accounted for the majority.

The extreme bullish emotional climax cannot last for long.

When the market news calms down and the stock prices of the core stocks on the main lines of the market have reached a high level during the early bullish sentiment climax, then the market trend differentiation will be inevitable.

In fact, there is nothing to be afraid of when market trends diverge.

As long as the basic investment logic of the stocks you hold has not changed and future expectations are still increasing, you should hold them firmly and wait for the flowers to bloom.

"The subsequent market trend should slow down significantly." While Su Yu was deep in thought, Li Meng stared at the market for a while and said, "At the same time, the active capital groups in the market should also further move towards the big market." The convergence of the main areas of finance has made the market trend more and more layered. "

"As profit-taking selling pressure and historical hold-up selling pressure accumulated in the early stage are getting bigger and stronger, the chip structure of the main lines of the market should need to be adjusted again and again." Zhang Guobing thought for a while, He also added, "There is a high probability that the market will still revolve around the main line of 'big finance' and replicate the upward trend of shocks in the quarter from June to September."

"The main reason is the current market. In addition to the core main line of 'big finance', other main line areas, the underlying investment logic and future expectations are obviously far behind, and it is impossible to form a sustainable development like the main line of 'big finance'." A strong breakthrough in the market trend. "Zhu Tianyang said, "There are too many upper-level hold-up orders accumulated in the previous period. Even if the market's 'bull market expectations' are increasing, we still need to continue to digest these hold-up orders. Only when the overall chip structure of the market is fully transformed can a sustained and strong breakthrough be achieved.”

"Well, the Shanghai Index has not touched the range of 3000 to 3500 points in the past few years, and the hold-up market is indeed extremely heavy." Liu Yuan nodded and responded, "The index is within this range, and the market is long and short. It’s normal to have different levels of strength.”

"Whatever, as long as there are no problems with the investment logic of the core main line of 'Big Finance', then it's over, right?" Wang Can chuckled, "The current market turnover is generally at the 600 billion mark. The market's balance of financing and financing is approaching trillions, and the 'bull market expectations' are also increasing. In any case... the market performance in the two months at the end of the year will not be worse than before. "

"That's true." Zhao Lijun said, "With the support of such strong volume, the market will not be bad at all. And it can be seen from the market. Although there are many long and short differences on the market of many stocks, the selling force continues. Strengthening, but the strength of the bulls taking over, the capital groups taking the initiative, and the incremental capital groups entering the market are also continuing to strengthen and increase.”

"The difference between long and short is actually a driving force for the upward development of the market." Zhang Guobing thought for a while and then said, "The birth and continuation of market conditions are originally based on the constant suspicion and affirmation of funds. The real Consistency is not expected to last long.”

When Su Yu heard Zhang Guobing's words, he nodded slightly, appreciatively, and said with a smile: "The market situation is always born in times of despair, always moves in doubts, always accelerates when emotions are consistent, and always speeds up when emotions are consistent. The peak ends at a time of madness. The current market is divided between long and short, and the index fluctuates and rises amid doubts. There are many sellers and many buyers... This just illustrates the performance stage of the current market conditions. It is just in the early stage of the bull market. It is far away. It’s not time to worry yet.”

In the discussion room...

The market trading time has passed 11 o'clock in the morning unknowingly.

When the two cities entered the last half-hour trading period before the midday closing, the market patterns of the two cities became more and more layered.

First of all, the indices of the securities sector and the Internet finance sector, two core popular sectors, are slowly raising their center of gravity amid continued fluctuations, slowly setting new intraday highs. At the same time, the core component stocks within their sectors, The power of bulls in concept stocks is also significantly stronger than the power of short sellers.

Then, the core sector in the main line of 'Technology Growth', the 'Film and Television Media' sector, can still maintain a relatively strong state and fluctuate at the intraday high. Although the sector index can no longer continue to rise and open new intraday heights, the sector Component stocks in the field, and many concept stocks, are still continuing to perform, with rising trends one after another.

Finally, the rest of the non-core mainline areas.

During this period of time, the trend has continued to fluctuate and gradually declined and corrected.

Among them, the main lines of 'infrastructure' and 'military industry' have been weaker than other core main lines of the market, significantly underperforming the broader market index, and the relevant major industry sector indexes have also corrected one after another and fallen underwater, especially In its field, the leading concept stock of the two cities that has attracted great market attention, 'Bluestone Reload', has fallen into a 3-point underwater drop position after failing to open up room for continued growth at the beginning of the session.

As for the index...

The Shanghai Composite Index continues to fluctuate around today's opening point and increase position; the Shenzhen Composite Index and the ChiNext Index fluctuated and fell, and have returned to the flat position; the SME Index has slightly fallen into the water in the same oscillation and fall, and has no strong momentum; the A50 Index followed the trend of the securities sector, insurance sector, and banking sector, gradually fluctuated upward, and continued to refresh the intraday point high point, and the increase ranked first among the major indexes, with an increase of more than 1%.

"The market is divided, and the market volume, at this time, compared with yesterday, there is no sign of continued expansion."

Noting that the performance of the main lines of the market is becoming more and more layered, and whether it is individual stocks or index performance, it has shown a clear differentiation trend. At this moment, in the Yuhang main hot money group where Su Yu is, some of the hot money big holders who are discussing the market sighed.

"After the index breaks through the key 3,000-point mark, the enthusiastic market's concentrated bullish sentiment cannot be maintained forever. The index and the main market trend gradually diverge, which is the norm. I think... there is nothing strange about it, and there is no need to worry too much."

"Yes, let's not talk about this index point stage. The market is already heavily locked in. Just say that the market has been soaring for so many days in a row. The selling of short-term profit-taking will inevitably lead to market differentiation."

"Hehe, at this position, it is good to differentiate and digest a wave of chips and consolidate the overall chip structure of the index near 3,000 points. As long as the index remains above 3,000 points and can gradually create new point heights in the continuous shock, the market's 'bull' The pattern of the 'market' has not changed, so there is nothing to worry about. Just continue to make the market around the core main line. "

"It feels like we have returned to the familiar rhythm of 'infrastructure' and 'military industry' gradually pulling the market, and other main lines are differentiated and fluctuated. It's just that this time... the core main line driving the market has changed from the previous 'infrastructure' and 'military industry' main lines to the 'big finance' main line. "

"Well, that's true..."

"Although the overall market is a bit differentiated, the 'big finance' main line field, whether it is the strong securities and Internet sectors, or the relatively weaker banking and insurance sectors, the overall long-term consistency is still very strong, and the signs of differentiation are not so obvious. "

"The performance of the core main line is definitely different from that of the non-core main line. "

"Hehe, at this time, you can really see which stocks are the core leaders and which stocks are false leaders."

"This is the best time to distinguish strong stocks from weak stocks."

"I agree, that's the truth."

"I feel that even if the index has entered a differentiated and oscillating pattern, according to the market's still strong carrying power, and the market volume performance, which has not expanded much but has not declined much, I estimate that the index will most likely not easily return to the 3,000-point support line, and it is even less likely to fill last week's gap."

"The gap below 3,000 points is the most important support for the 'bull market' pattern. This gap is obviously not fillable. Once filled, the overall market pattern structure will change. ”

“It is impossible to fill that gap, right?”

“Unless the main line of ‘big finance’, which has been rising sharply for days since last week, falls back to the starting point, otherwise the index cannot fill the gap below 3,000 points. However… the core investment logic and fundamental logic of the main line of ‘big finance’, when the market volume has exploded to this extent, the balance of margin trading is about to hit a trillion scale, and the central bank is very likely to continue to relax the money supply and make monetary easing policies, it is basically impossible to fall back to the starting point. What’s more… In the past week, at least tens of billions of incremental funds have been added to the main line of ‘big finance’. These incremental funds have completely transformed the chip structure of the entire main line of ‘big finance’.”

“The main line of ‘big finance’ falls back to the starting point? Hehe… This is basically the same as a fairy tale.”

“Yes, there are still many incremental funds groups at present, and they want the core chips in the main line of ‘big finance’. How can it fall back? ”

“In general, with the continuous shock and upward support of the ‘big finance’ line, the index is simply impossible to fall back to 3,000 points and fill the gap below 3,000 points.”

“The core main line of ‘big finance’ is naturally no problem, but the two previous popular main lines of ‘infrastructure’ and ‘military industry’ are very likely to continue to pull back, which will drag down the index.”

“The two main lines of infrastructure and military industry should not fall too much, right?”

“I also think that these two main lines will not fall too much. After all, the macroeconomic strategic plan of ‘New Era Road and Maritime Silk Road’ is still continuously strengthening the positive news, not to mention the positive blessing of the concept of ‘reform and reorganization of state-owned enterprises and central enterprises’ and major ‘free trade zones’. It’s just that the current internal chip structure of the two main lines of ‘infrastructure’ and ‘military industry’ is scattered, and it needs to be re-condensed and re-gathered. And looking at the performance of the market... The funding acceptance strength of these two main lines has always been strong. ”

"Infrastructure and military industry are the two main lines, and the stock prices have only risen in the short term. As long as the fundamental expectations have not changed and the macroeconomic strategic planning of the 'New Era Road and Maritime Silk Road' is still increasing, I think the market of these two main lines will have to go sooner or later."

"In general, the Shanghai Composite Index has broken through the shackles of 3,000 points, and the market will never be worse than before."

"With the support of 600 billion market volume, even if the market trend is differentiated and the money-making effect is worse than the previous few days, it will not be much worse."

"Continue to rely on the main line of 'big finance' to make money easily."

"Yes, continue to work in the securities and Internet finance sectors."

"Keep an eye on 'Huaxin Securities' Checks, I think as long as the super-weighted stock "Huaxin Securities" can continue to hit the intraday height and continue to create new highs in stock prices, then we can continue to aggressively trade. "

"Looking at the situation, the volume of "Huaxin Securities" today will not be less than 7 billion."

"Overall, in the entire "big finance" main line field, except for a few stocks that are directly hit by other negative factors, there is no need to worry about other stocks."

"Not only "Huaxin Securities", "Western Securities" has been oscillating around the intraday high today at the height of 6 consecutive boards, and it does not give a relatively low entry opportunity for adjustment. Although it is unlikely that this check will close today, the strong performance of the stock price, There is still no change. It is expected that this check will continue to rise sharply in the future and open up new heights. "

"However, the 'Technology Growth' line, which once showed a continuous breakthrough trend in the previous two trading days, did have some problems today. The major core sectors in its field and the main capital flow basically showed an outflow state, and many core stocks, the active acceptance of funds on the market, are no longer able to suppress the selling. "

"The trend of the 'Technology Growth' line is obviously still too much worse than the 'Big Finance' line. "

"It is not at the same level. From the perspective of the overall market situation, the core main capital group's target is still around the main board direction, especially the 'Big Finance' For the weighted stocks in the main direction, the line of 'technological growth' is indeed being paid attention to by some fund groups, but it is not the most core hot spot in the market performance. "

"The line of 'technological growth' has probably not actually broken through, right?"

"Obviously not!"

"I feel that the line of 'technological growth' will have to fall back and adjust in the future."

"It is safer to follow the trend of 'big finance' than to pursue the line of 'technological growth'."

"Indeed, it is still better to follow the core main line of Mr. Su's holdings, and make the strongest market consensus expectations and the strongest stocks, which will make money easier."

As the messages in the group were refreshed rapidly, the big speculators expressed their views on the market.

As everyone was eliminating the weak and retaining the strong, further focusing their attention on the main line of the market's 'big finance', they further adjusted their positions to pursue the leading stocks that could still perform strongly and refresh the intraday highs step by step.

The market trading time reached 11:30.

The two markets ushered in the moment of noon closing.

After half a day of fluctuations, the Shanghai Composite Index still has no obvious difference from the opening point at 9:25 in the morning, while the Shenzhen Composite Index, the ChiNext Index, and the Small and Medium Enterprises Index have fallen back to a certain extent compared with the opening in the morning, and basically closed at a flat or slightly down.

Only the A50 Index, in the continued strong performance of "big finance".

It closed at a 1.05% increase, still leading all the important core indexes in the two cities.

As for the performance of the main core main line, the "big finance" main line is far ahead, especially the securities sector and the Internet finance sector index, which still rose by more than 2%, leading the industry sectors and concept sectors in the two cities. Others, compared with the intraday highs at the beginning of the session, have all fallen back.

Among them, the core leading stocks that are highly concerned by market investors.

‘Lanshi Heavy Equipment’ closed down 4.48% in the afternoon, with a half-day turnover rate of 33.45%, showing a weak pattern; ‘Western Securities’ rose 6.35%, still fluctuating at a high level during the session, with a half-day turnover of 2.287 billion; ‘Tonghuashun’ rose 7.11%, with a half-day turnover rate of 18.43%. The rest of the popular leading stocks, ‘Hengsheng Electronics, Jinzheng Shares, Oriental Fortune, Oriental Securities, Huatou Capital…’, all rose by more than 4% during the day, and they all maintained a strong state and continued to outperform the market index by a large margin.

Such a midday closing situation…

The extremely hot bullish sentiment of chasing high positions among the market investors has fallen back.

However, there has been no change in the active entry attitude of the main off-market capital groups and the active increase and adjustment of positions by the major core institutional groups in the market. In addition, countless off-market institutional analysts, financial big Vs, financial media commentators, well-known stock analysts... these groups, during the lunch break, were still mindlessly bullish on the market and singing the praises of the "bull market" in their market review speeches.