Chapter 621: The test of main funds!

Subsequently, in the face of the main sectors of the 'infrastructure' and 'military industry' industries that continued to rise and fall, the selling pressure was increasing, as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Central Enterprises and State-owned Enterprises' The main line section includes popular conceptual themes such as "reform and reorganization".

The frantically chasing retail investors finally realized something was wrong.

After that, the amount of funds actively undertaken by these popular core main line sectors began to further decline.

After that, as the amount of funds actively accepted was reduced sharply, profit-making orders on the market began to further concentrate funds, smashing down the market to stop profits, and robbing the market of liquidity.

At the same time, expectations for adjustments to popular main lines in the market and expectations for the market to switch between highs and lows are becoming increasingly intense.

At a time when several popular main lines continue to decline rapidly, the volume and energy are also further expanding.

The main areas of ‘technological growth’, ‘big consumption’ and ‘big finance’ have further seen signs of attention and inflow of main funds, resulting in the signs of high-low switching between the two cities becoming more and more obvious.

Around 1:30 p.m.

When the main funds in the market realize that the selling pressure on popular main lines such as 'infrastructure' and 'military industry' has been fully formed, the trend of adjustment is unstoppable, and the trend of high-low switching is also unstoppable, they begin to actively promote the main line areas of 'technological growth' Among the core stocks, Wangsu Technology, LeTV, and Oriental Fortune all showed a short-term linear surge in volume.

However, after these core stocks on the main line of 'technology growth' exploded in volume, they rose by more than 3%.

In the entire market, there are not many major funds converging on these core stocks, as well as retail investors following the trend and taking over.

In other words, due to the market's divergence in the 'high-low switch'.

Faced with the changes in these checks, funds did not form a unified force in this direction.

And there is no consistent resultant force...

After the rapid rise of these checks, due to the lack of acceptance effect and the lack of funds to follow the trend, under the pressure of the crowd and the selling of latent funds, they gradually fell in a volatile manner. Within ten minutes, again, It fell back to its starting point.

When the main line of "technological growth" failed when the main funds tried to market it.

Around 1:50.

Facing further declines in the popular main lines of the corresponding markets such as 'infrastructure' and 'military industry'.

There are also major capital flows with different opinions, which have begun to test the main direction of "big consumption". Qianzhou Moutai, Gree Electric Appliances, Midea Group, Haier Group, etc., the direction of liquor and white goods, has begun to change rapidly, and the corresponding small Concept stocks began to rise linearly, driven by funds.

However, the trend is the same as the main line of ‘technological growth’.

The unusual movements of these stocks, after the short-term explosion of linear rise, also failed to gather the market's hype sentiment in this direction, and failed to attract too much main funds and retail investors to follow suit.

As a result, the ability of these stocks to absorb changes continues to decline after the changes.

It also started to fluctuate and decline from the corresponding intraday high, and gradually fell back to the corresponding starting point.

The failure of two major main lines to pull up, and the inability to drive the concentration of market sentiment... and other related effects have led to the main group of large funds who are optimistic about the main line of 'big finance' and continue to adjust their positions in the direction of the main line of 'big finance'. This Sometimes, we don’t dare to pull the market rashly to forcibly gather market sentiment and follow the trend of funds.

After all, if the promotion fails, it will not be able to gather popularity and follow the trend of funds.

The internal chip structure will also be further scattered.

This failed move to pull up the market not only has no benefit to the emotional development of the main market and the cohesion of the chip structure, but will also further dampen the sentiment of market investors in this main field.

Likewise, everyone discovers the entire market.

It seems that in addition to the 'infrastructure' and 'military industry' industry sectors, there are also corresponding concept sectors centered around several core concepts such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' In addition, other main lines cannot gather popularity at all and cannot produce corresponding sustained money-making effects.

Many of the profit-making funds that had fled at the beginning of the session began to slowly return to these popular main lines at intraday lows.

Re-gather in this area to do trading.

And when these funds flow back...

The two main industry sectors of 'infrastructure' and 'military industry', as well as the conceptual sectors and industry sector components of core concept areas such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' Stocks, as well as a number of related leading concept stocks, have begun to gradually increase their ability to receive funds at intraday lows, and their stock prices have slowly risen.

And in the process of the stocks corresponding to these popular main lines slowly rising.

The main areas of 'technological growth', 'big consumption', and 'big finance' that once attracted the attention and inflow of major funds during the session began to slowly lose blood again, becoming the main lines of 'big infrastructure' and 'big military industry' The funds in the main areas of 'technological growth' and 'big consumption' that had just been chasing up during the session, as well as the vast retail investor groups, were ruthlessly harvested again at this moment.

"What's going on in this market today?"

Seeing the evolution of the market, it is completely fickle. The performance of many main lines is whether it should be weak or strong, whether it is buying or selling. At this moment, in Shanghai, inside Zexi Investment Company, the main funds In the trading room, Zhou Kan couldn't help but complain, "In the fields of 'technological growth' and 'big consumption', there are major funds trying to trade, but these funds ignited a fire, but then gave up in an instant. It is really... lack of courage." .

At the same time, after the time entered the late trading stage at 2 o'clock.

Surprisingly, all the active funds in the market have begun to flow back into the popular core main lines of the market such as 'infrastructure' and 'military industry'. This trend... is simply off the charts! "

Xu Xiang chuckled and said: "It's not surprising that a lot of funds have been transferred around and found that in the current market, except for the popular main lines of 'infrastructure' and 'military industry', they can gather popularity and gain the support of the majority of investors in the entire market." It is unanimously agreed that except for the ability to quickly attract followers, other main areas cannot be attracted at all. There is simply no main capital and a large number of retail investors to follow the trend.

In the financial trading market, funds are like running water.

The strength of the money-making effect and the strength of the consistency expectation in the market are just like the height of the terrain. The stronger the money-making effect and the stronger the consistency expectation, it means that the lower the terrain here, and the lower the terrain, the more natural the flow will be. It will flow into lower terrain.

This is a natural law and an unchanging law of capital speculation in the financial trading market.

It is said that no matter when, whether it is the index, the main line market, or individual stocks, any market change will always change in the direction of least resistance.

What is the direction of least resistance?

That is the consistent choice direction of funds, which is also the expected consistent direction.

In the current market, there is no doubt that although the profit margins of popular main lines such as 'infrastructure' and 'military industry' are too heavy, many funds can no longer help but want to stop profits, and the internal chip structure has begun to become obviously lax, but these popular The main line is that the investment inertia and investor sentiment and confidence formed by rising prices for several consecutive months have not dissipated.

At the same time, other main areas of the market have continued to be sucked by these core main lines in the past few months.

There has never been any sustained money-making effect, nor has there been such strong emotional expectations and investment confidence in these popular main areas.

Then, funds rush to boost these weak main areas.

Naturally, it is difficult to gather popularity and investment confidence in the first place.

Without the ability to gather popularity and investment confidence, and without funds to follow the market, there will be no sustained market. Without a sustained market, if funds do not return to the popular main lines of "infrastructure" and "military industry", where else can they go? After all, the first priority of capital investment is to seek benefits and avoid disadvantages!

Of course, consider these market factors.

It can also be said that the current opportunity for the market to truly ‘switch between high and low’ has not really arrived. "

After listening to Xu Xiang's words, Zhou Kan pondered for a moment and said: "Boss, according to what you mean, the market core market trends of 'infrastructure' and 'military industry' will continue? Then? We are reducing our positions on a large scale...isn’t it wrong to reduce our positions?”

Xu Xiang responded with a smile: “It can’t be wrong, our strategy of large-scale reduction of positions here is correct.

'Infrastructure' and 'military industry' are the popular core themes of the market. Although the sentiment and investment confidence are still there, the chip structure is obviously loose. The selling pressure above is extremely strong. At the same time, many of the main funds in the market are at this position. On the market, there are already many concerns, and they are often unwilling to continue to pull the market higher and let profit-making funds hit them.

And below...

When there is no other main line in the market that can undertake this part of the funds.

The funds have no other place to go, so they will take over them accordingly when they have profit-loss trading value at a low level, and speculate on concept stocks corresponding to these major main lines within the range.

All in all, it is when the market has not completely completed the 'high-low switch' of the main line.

The popular main lines of the market, "infrastructure" and "military industry," are a violent oscillation trend that can maintain high volume. It will not rise too high, but it will not fall too deep.

This is what I said before, whether it is reducing positions or adjusting positions to other main lines.

Don't be too anxious.

The core main lines of 'infrastructure' and 'military industry', with such a large volume of circulation, have accumulated so much main funds and retail investor funds in the past few months, even if the chips are loosened and expectations change, it will not change. It will be sudden. Whether it is to reduce the position or increase the position of other main lines, we will have enough time to react. "

"Understood!" Zhou Kan nodded, "But it is estimated that under this range-bound oscillation mode, the subsequent market performance and hot spot switching will be very frequent, right?"

Xu Xiang nodded slightly and said: "This is for sure. When the popular main lines of 'infrastructure' and 'military industry' in the market cannot further open up the space for speculation, and the corresponding money-making effects of these main lines are gradually decreasing, then Funds will definitely choose opportunities to speculate on other hot concepts.

It’s just because there is no other main line that can replace the core main lines of ‘infrastructure’ and ‘military industry’.

Gather new concentrated emotions and sustained money-making effects.

Then, the capital's speculation on hot concepts must be mainly driven by news.

As for news-driven short-term concept speculation, the conversion speed of hot spots must be faster.

At this stage, for funds with financial advantages and information channel advantages, it is a good opportunity for speculation, but for retail investors without these advantages, I am afraid that they will be slapped in the face again, or even chase high prices frequently. investment environment. "

"Yeah!" Zhou Kan nodded and asked, "Boss, when do you think the market will form a real main line of 'high-low switching'?"

Xu Xiang shook his head and responded: "I don't know. All we can do is wait. Waiting for the market to form in a certain direction due to the news, other favorable stimulation, or even the confluence of various factors." We don’t know when the time to join forces will come, but we know that this time... will definitely come as the market situation further evolves."

Zhou Kan thought for a while and continued to ask: "The boss still insists on the next core line that can replace the popular main lines of 'military industry' and 'infrastructure' and condense market sentiment and capital consistency expectations, is 'big finance'?" "

"You have also seen today's market situation." Xu Xiang said, "The two lines of 'technological growth' and 'big consumption' are indeed unable to mobilize the investment sentiment and following sentiment of the entire market! Moreover, these two main lines, In terms of expectations and volume of circulation, it is actually inferior to that of 'big finance'.

Of course, this makes me firmly believe that the main line of the market, ‘big finance’, can be brought out.

The main reason why it can become an alternative to the current popular main lines in the market such as "infrastructure" and "military industry" is that I think that as the global economy has reached a new turning point and the Fed's interest rate meeting has tended to ease, the overall domestic monetary policy has There will also be unexpected changes.

As long as the macroeconomic monetary policy changes beyond expectations.

The line of 'big finance' has a natural source of expectation, and it can gather emotions and investment confidence very quickly.

At the same time, the market volume has reached the 400 billion mark.

This amount of energy has doubled, and several times, compared to the previous quarter, and even compared to the beginning of the same year!

With this amount of performance, the performance of securities firms cannot be bad, and according to the node of its performance disclosure, it should be reflected in the third quarter.

so……

I expect the main line of market conditions to switch, the time node when the market structure truly changes.

It should probably be around October, or November.

Of course, again, this is just an expectation. The actual market trend must be verified by the actual market trend to determine whether the expectation can be realized.

During the period when the market has not completed a real core mainline switch.

Faced with the frequent changes in market hot spots, we have to adjust the fund's profit growth expectations during this period. At this stage, what is important is not profit, but controlling drawdowns.

As long as the retracement is well controlled and most of the positions can be slowly adjusted to the 'big financial' line.

Then, we have the initiative to control the future market development. "

"Yeah, I understand!" After listening to Xu Xiang's detailed thoughts and expectations about the market and investment strategies, Zhou Kan finally had a thorough understanding of the current market changes, smiled softly, and said, " That being the case, let’s let the market’s shock and strangulation become more intense!”