Chapter 387: A full-blown long sentiment!

"Fortunately, we adjusted the position in time!"

As the two major themes of 'infrastructure' and 'state-owned enterprise reform' continue to explode, and the Shanghai Stock Exchange Index stands at 2,300 points without any hindrance, inside the Yanjing and Chenghua Public Fund Company, in the main fund trading room, fund manager Gong Tiancheng looks at the military industry sector. 'Infrastructure' and 'state-owned enterprise reform', the main core areas of the sector, had completely different market trends. Finally, he breathed a sigh of relief and continued: "Finally we have caught the last train, although we still have many positions that have not been adjusted. , but it can be regarded as timely remedial measures.”

"Yes!" Fund Product Assistant Zhou Qiang nodded and responded with a smile, "Mr. Gong's position adjustment measures yesterday, now it seems that they are indeed very wise."

Gong Tiancheng chuckled and said: "Stop flattering and continue to adjust positions. The two core main lines of 'infrastructure' and 'state-owned enterprise reform' have completed the expected unification and substantial technical breakthroughs. The upward trend has also completely gone." Now that we have come out, we can no longer hesitate. If we follow now, we may still be able to drink a sip of hot soup. If we hesitate again...if we cling to the 'military industry' field, we may not even be able to eat any scraps in the end."

"Okay!" Zhou Qiang responded, and then ordered the traders to speed up the position adjustment and continue to sell off the stocks held in the field of 'military industry'. At the same time, he used the funds released by selling stocks to further increase the positions in the fields of 'infrastructure' and 'state-owned enterprise reform'. Many strong and popular stocks.

Likewise, at the same time.

Yanjing, the fund trading department of the asset management department of China Commercial Bank; Modu, the trading department of E Fund Management Company, many core fund products; Shenzhen Stock Exchange, the fund trading department of Ping An Insurance’s asset management department; Yuhang, the main force of Huarui public funds Fund Product Trading Department...

Faced with the two core market trends of 'infrastructure' and 'state-owned enterprise reform', which are experiencing rapid breakthroughs, fund traders from large institutions from all walks of life, whether passive or active, are rapidly adjusting their position structures to follow the breakthroughs in market conditions. direction, crazily increasing positions in the fields of 'infrastructure' and 'state-owned enterprise reform'.

And with the rapid adjustment and increase of positions by these major financial institutions, they followed up.

On the two markets, the two core market lines of 'infrastructure' and 'state-owned enterprise reform', investment sentiment and follow-up orders are becoming more and more enthusiastic. Of course, the market trends on the two core main lines of 'infrastructure' and 'state-owned enterprise reform' are becoming more and more intense. In the process of getting stronger, the relatively weak sectors such as 'military industry, banking, insurance, securities, non-ferrous metals, and coal' have become weaker and weaker, and have shown a more obvious downward trend against the trend.

"What the hell, it's weird, why after 10 o'clock, with the rise of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', and with the Shanghai Index hitting the 2300 point, 'military industry, banking, insurance, securities' , non-ferrous metals, coal' and other sectors, but they are going lower and lower?"

Seeing the obvious differentiation trend in the market, some investors holding low and weak sectors asked puzzledly on the online trading forum.

"The capital siphoning effect of the main market, this is normal!"

"What's normal? I'm really depressed...seeing the index break through strongly, but my account is still losing money."

"Hey, the stocks I hold cannot outperform the index at all. Even though the index is rising, the big money players on the market are still selling their chips crazily. I don't understand. Are these guys blind? At this time Throw it back!"

"The sectors that are obviously weak today and have a large outflow of main funds basically have no expectations and no room for imagination. The overall performance this year has been weaker than the market. These sectors are heavily locked up and lack the attention of main funds. It’s hard to rise, is it normal?”

"The key is not that it is difficult to rise, but that it is going down against the trend. It's simply..."

"Let's adjust positions and exchange stocks. With today's hot market performance, stocks that are still falling against the trend really have no future."

"I agree that the two core themes of 'infrastructure' and 'state-owned enterprise reform' have already had a capital siphoning effect on the market, which means... as the subsequent market continues to develop, the main funds of all parties in the market will be more invested in these two major The main areas are converging. It is difficult for those weak sectors to get the attention of the main funds in the market. After being squeezed by the two main lines of "infrastructure" and "state-owned enterprise reform", the trend will become increasingly difficult. Underperforming the market is very serious. It’s normal and there’s nothing strange about falling against the trend.”

"If I hold securities stocks, are there any opportunities for market rotation?"

"Unless the bull market really comes, it's better to sell securities and stocks as soon as possible!"

"The advantages of our retail investors are small funds and easy entry and exit. The market's performance of 'the strong will always be strong' has always been the truth. At this time, we are still holding on to the 'military industry, finance, non-ferrous metals, and coal' that have no expectations and room for future imagination." There is absolutely no need for stocks in other fields.”

"Based on the historical performance of our big A, the so-called 'value investment' is a lie."

"Indeed, this wave of hype about 'infrastructure' and 'state-owned enterprise reform' may be the best money-making market this year. I'm not sure. It is estimated that there will be no such opportunity in the future this year."

"Don't wait for the market to rotate. When it does, the market on the main line may double again."

"Staying away from areas with obvious money-losing effects and embracing areas with strong money-making effects is the correct investment method. Think about it... is it easier to make money in areas with obvious money-losing effects, or is it easier to make money in areas with obvious money-making effects? ? The two main lines of 'infrastructure' and 'state-owned enterprise reform' have obviously bottomed out and formed an upward trend. At this time... you just need to follow the trend and it is easy to make money. Why continue to cling to it? What about the stocks in the weak low-level sectors that the main funds are concerned about?"

"Actually, the main reason is that the market's incremental funds are limited to follow up, and can only support one or two main lines of the market to break upward."

"Yes, I also think this is the fundamental reason."

"Except for the overall bull market, in all other forms of trends, the market has only partial market conditions to deal with, and it is very normal for the market trends of various sectors to diverge."

"Indeed, except for the overall bull market, other times... you have to chase hot spots."

"In the market, there are always reasons for being weak and there are reasons for being strong. What we can do...the best investment plan is to follow the most profitable main areas of the market."

"Hey, I'm so anxious, forget it...I'll cut my flesh and chase after him!"

"What the hell, I cut it too. I watched the index surge and the popular stocks I was optimistic about kept rising. Then I looked at the stocks held in my account. They fell instead of rising. I felt really uncomfortable."

"Hey, if I had known earlier, I would have been chasing popular stocks in the fields of 'infrastructure' and 'state-owned enterprise reform' before the holidays."

"Indeed, I'm so sorry."

"I hope it's still too late to cut off the meat and chase the warehouse!"

"I'm chasing you. I hope Mr. Su will continue to lock up the position and don't hit me."

"The Shanghai Stock Exchange Index has stood firm at 2,300 points, and whether it is the K-line trend or the volume and energy response, many industry sectors and concept sector indexes in the two main areas of 'infrastructure' and 'state-owned enterprise reform' are in a state of strong breakthrough. Here It’s definitely not the top of this rally.”

"The net inflow of large funds in the entire real estate sector has exceeded 1 billion. It's really scary!"

"For one Gemdale Group stock alone, large capital inflows today exceed 151 million."

"This is the absolute core sector today. Unfortunately...many votes are at a high level of more than 5 points. It is really difficult to chase at this time."

"If I don't chase, I feel that the position behind me will be higher."

"First get the chips first. With big funds buying like this, it will definitely rise in the future!"

In the extremely heated discussions among many retail investor groups...

Time passed quickly at 11:00 a.m. amid intense trading. At this time, the Shanghai Stock Exchange Index had continued to rise and had refreshed its intraday high to 2305.36 points, an increase of more than 2%. The rest of the Shenzhen Stock Exchange Index and ChiNext Index rose by more than 2%. have also exceeded the 1.5% position.

Apart from index performance, of course.

The performance of the two core main areas of "infrastructure" and "state-owned enterprise reform" that have attracted much attention is even stronger.

Among them, the real estate industry sector index rose by more than 4%. Among the constituent stocks in the sector, 12 stocks rose by more than 5%, and 5 stocks hit the daily limit; and 'public transportation', 'high-speed rail', and 'building materials' , 'Building and Decoration', 'Steel', 'Cement' and other sector indexes also rose by more than 3%. The total number of constituent stocks in the sector exceeded 10.

Similarly, in the direction of the small and medium-sized board and the GEM, the popular main lines in the early stage, namely the main areas of 'growth stocks' such as 'mobile Internet' and 'smartphone industry chain', although the growth rate is not as good as the two core areas of 'infrastructure' and 'state-owned enterprise reform' Main line, but also showed a slightly stronger trend than the broader market index, launching a strong rebound.

Among them, the 'Internet Finance' sector exploded again, and the concept sector index ranked third in the two cities' conceptual sector growth lists after 'commercial real estate development' and 'Shanghai Free Trade Zone'.

As for the relatively weak areas of ‘military industry, finance, non-ferrous metals, and coal’ in the two cities.

Under the joint selling of major financial institutions and retail investors, the market is still at the end of the market performance of the two cities, maintaining a flat market fluctuation, or a slight decline, and continuing to increase volume.

"The market trend today is really layered and very clear!" Seeing the market performance before midday, in the fund trading room of Zexi Investment Company in Shanghai, the fund manager Zhou Kan carefully observed the market for a while and smiled. He said, "The strong will always be strong and the weak will always be weak. This is really vividly demonstrated."

Hearing Zhou Kan's words, Xu Xiang, who was sitting next to him, stared at the computer screen, nodded slightly, and continued: "It is very typical that the main line market has completely broken through and the trend has accelerated. After yesterday's violent divergence and strong shock, today Funds from various sources on and off the market have obviously formed relatively consistent market expectations for the two main themes of 'infrastructure' and 'state-owned enterprise reform', which is why the market has such a layered market trend."

"Yeah!" Zhou Kan responded with a smile, "Indeed, this trend is really beautiful."

"However, the market is accelerating here. It is really unpredictable how far it can go upwards, and we cannot be too optimistic." Xu Xiang said, "Judging from the current market pattern shown in the market, 'infrastructure' and 'state-owned enterprise reform' two A large part of the funds received for the sudden advance of the main line market are not the incremental funds following the off-site follow-up, but the funds for position adjustment that escaped from weak sectors such as 'military industry, finance, non-ferrous metals, and coal'."

"This shows that the market trend has not gotten rid of the pattern of the game of capital stock on the market."

"Since it is a market where stock plays, the funds that have been liquidated from weak sectors such as 'military industry, finance, non-ferrous metals, and coal' will gradually weaken. At the same time, the amount of incremental funds outside the market will not expand further. If there are any signs... the room for the two main market trends of 'infrastructure' and 'state-owned enterprise reform' to move upward is very limited. In other words, once these two follow-up funds with completely different compositions begin to be unable to hold on to the market. , the current hot uptrend in these two main lines will end soon."

"Boss, how much room for improvement do you think there is?" Zhou Kan paused and asked.

Xu Xiang thought carefully for a while and said: "The upper pressure level of the Shanghai Stock Index is between 2400 and 2500 points. If Mr. Su from 'Yuhang Investment' does not sell the market in advance, according to this market expectation and sentiment, the Shanghai Stock Index will be large." The probability is that we can explore the 2,500 point level.”

"The index is upward, almost 10% away." Zhou Kan continued, "So...according to the development trend of the two main lines of 'infrastructure' and 'state-owned enterprise reform', the market conditions in the core main line fields should be at least There is 20% room for upside, and among the popular leading stocks, there may be 40% or even 40% room to double.”

Xu Xiang nodded and said: "The ideal expectation is like this, but market sentiment and news are changing every moment, and the real market trend will most likely not develop according to the ideal expectation, so... at most, the index will touch 2400. If the point is on the line, we will start taking profits and reducing positions.”

"Bull market..."

Xu Xiang chuckled and continued: "What a beautiful vision. However, the real bull market is never generated through expectations, but through actual market trends and the combined efforts of funds on and off the market. It is formed step by step. In a word... bull markets have always existed only in the rearview mirror of history. Only when the market has completed its bull market trend can we perceive its existence through trends."

“Therefore, such ethereal expectations cannot be used as a criterion for judging investment strategies at all.”

"No matter how enthusiastic the two main lines of 'infrastructure' and 'state-owned enterprise reform' develop at this moment or even in the future, we must not lose our minds."

"Everything must be implemented in accordance with a relatively conservative investment strategy, and you must know how to close when things are good."

"Well!" Zhou Kan responded, "I also feel that the term 'bull market' is still too far away from us at the moment. Mr. Su from 'Yuhang Investment' is actually... too optimistic. And... I feel that when he made those "bull market" remarks, he probably also used them to boost the market's bullish sentiment and the expectations of the broad investor community, which made him focus on the two core themes of "infrastructure" and "state-owned enterprise reform." In terms of market conditions, the calculation of fully obtaining excess profits from the market is included.”

Xu Xiang smiled and said: "This is unknown. All we can do at the moment is to maintain a calm judgment and not follow others' opinions."

After saying that, he turned his attention to the disk again.

At this time, the time has passed 11:30, and the market layout of the two cities has been fixed.

Among them, the Shanghai Stock Index maintains a volatile trend at 2300 points. The other main lines of market trends and the trend patterns of weak and strong sectors have not changed significantly from before. The active funds in the two cities include large institutions, hot money, retail investors and other attributes. Funds are basically continuing to converge in the fields of 'infrastructure' and 'state-owned enterprise reform'.

At the same time, in addition to the index and main line market performance.

The overall market volume this morning showed signs of shrinking slightly compared to yesterday.

In short, the entire market trend, whether it is bullish sentiment, main line market performance, or changes in capital volume, is much clearer than yesterday.

In other words, there are countless groups of investors both on and off the market.

Preliminary consistency has been formed regarding the market's current and even subsequent market expectations.

Faced with such a market trend, during the short break at noon, the bullish sentiment on and off the market continued to rise amid constant heated discussions. For a time, whether it was among the main hot money groups or on major online trading forums, , or the comment area of ​​analysts of financial media, brokerage investment institutions, and the column comment area of ​​social media financial influencers...all are full of bullish comments.

And as this emotion continues to brew and ferment...

When the time entered 1 o'clock in the afternoon, the two cities ushered in the moment of continuous trading again, and a large number of "infrastructure" and "state-owned enterprise reform" concept stocks were once again scrambled by various funds.

So, at 1:15, just 15 minutes after trading started, the entire 'commercial real estate development' concept sector started to rise to the limit in advance. The early popular stocks 'China Fortune Land Development and Kumho Group' were at relatively high positions. It continued to break through the sealing plate and hit a new high for the stock price this year.

At 1:30, led by a comprehensive riot in the entire real estate sector, the Shanghai Stock Exchange Index hit a new rebound high to 2310 points, with an increase of 2.39%.

At 1:50, the Shenzhen Stock Exchange Index and ChiNext Index also rose by more than 2%. Among them, the "Internet Finance" sector set off a daily limit trend, and the "Big Finance" sector, which had been sluggish before, also bottomed out during the session.

At 2:20, the number of daily limit stocks in the two cities exceeded 40, and the number of daily limit stocks with a market value of more than 10 billion exceeded 10. The market's money-making effect is extremely hot.

At 2:40, the Shanghai Stock Index rose to 2317.83 points.

Finally, in the last 20 minutes of trading, faced with the mainline high-quality stocks that were all at relatively high levels during the session, the market's follow-up effect and the high-level fundraising trend of active funds converged, and the market index and individual stock prices also This situation slowly fell back.

Finally, the moment came at 3 p.m.

The Shanghai Index was set at 2307.37, up 2.27%, while the Shenzhen Index and ChiNext Index rose 1.86% and 1.79% respectively. The two cities’ total turnover was 104.632 billion. Although there was a slight shrinkage compared to yesterday, it still remained at the 100 billion mark. Maintaining a relatively active trading atmosphere.

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