Chapter 689: The familiar rise and fall!

Along with the continued investment and increasing positions of these capital groups.

At 10:15, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index hit new intraday highs again, and their intraday gains expanded to more than 2%.

Then, there are core main lines such as ‘big finance’, ‘technological growth’, ‘infrastructure’, and ‘military industry’.

It also rose across the board, constantly breaking through new intraday highs.

Then, just when everyone thought that the Shanghai Composite Index would continue to break upward, strongly recover yesterday's losses, and fully respond to yesterday's plummeting trend, forming a counter-attack.

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

At a time when the market's bullish sentiment is rising with excitement and overall recovery.

The market's time-sharing trading volume, however, showed obvious signs of shrinking after a large amount of buying funds were consumed at the beginning of the market, and the upward trend began to be obviously weak.

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

At 10:42, the Shanghai Stock Index fell back to within the 2% increase mark. At the same time, stocks such as 'Huaxin Securities, LeTV, Internet Speed ​​Technology, Hengsheng Electronics, Oriental Fortune...' that had extremely explosive gains in early trading For popular core stocks, there are big differences on the market. The volume of active buying has begun to decline, while the volume of active selling has begun to increase. The long-short pattern that has always been active has obvious signs of reversal.

At 10:52, the Shanghai Stock Index continued to fall, and the time-sharing energy also continued to decline.

When the time to buy reaches 11 o'clock, it enters the last half hour of the morning trading session.

The trend of the entire market rising and falling was further evident. Several popular core stocks that had their daily limits sealed at the beginning of the morning session all showed signs of exploding.

At 11:10, in the midst of the sublime decline in the market, active capital groups began to further rebound towards 'big finance', 'technological development', 'infrastructure', 'military industry', 'big consumption', etc. It can still be A gathering of core main areas that continue to outperform the broader market index.

At the same time, the differentiation of the entire market has taken shape.

Stocks in the core and popular mainline areas have resumed their upward trend due to the further concentration of active capital groups, recovering the magnitude of the intraday retracement, while other non-core mainline concept stocks and constituent stocks have shown further shrinkage. The trend is getting weaker and weaker.

At 11:20, the check of ‘Hua Investment Capital’, which had reached the daily limit, suddenly exploded.

At 11:21, driven by the explosive trend of the core stock of 'Hua Investment Capital', the entire securities sector index fell rapidly by nearly 1 point in one minute. At the same time, Huaxin Securities and Huatong Securities , Western Securities, Huashang Securities, Founder Securities, etc., the stock prices of a large number of core component stocks fell rapidly, and the main selling forces on the market took the opportunity to rush out.

At 11:21, 'Blue Stone Heavy Equipment', the leading concept stock in the sub-new stock sector, also showed signs of heavy volume explosion. However, before the market exploded completely, in the early trading stage, the main funds that blocked this stock began to appear again. Through the form of pending orders, the market closing orders of this stock were quickly increased.

At 11:22, almost all popular stocks in the two cities fell further.

At 11:23, 'banking', 'insurance', 'petrochemical', 'non-ferrous cycle', 'pharmaceutical business'... and other market mainline related industry sectors and concept sectors, as well as many core component stocks, They have fallen back to their high opening gains at the opening moment.

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

At 11:25, the Shanghai Stock Index's intraday increase fell further to about 5%, while other Shenzhen Stock Exchange Index and ChiNext Index still retreated below the 5% increase mark.

At 11:26, the number of stocks that exploded in the two cities exceeded 10.

At 11:27, stocks in the main line of "tech growth" such as "LeTV", "Netspeed Technology", "Enlight Media", "Huayi Brothers", etc. also fell back to touch the high opening price of the early trading opening. .

At 11:28, the overall market situation further differentiated.

Finally, at 11:30, the two cities ushered in the midday closing time.

I saw that the Shanghai Index was at a 46% increase position, barely holding on to the 3200 point mark, while the Shenzhen Stock Exchange Index and the ChiNext Index have both fallen from their intraday highs to the 2% increase mark, and the trading volume of the two cities can be , after 10:30, the volume shrank significantly.

Overall, the half-day turnover of the two cities shrank by about 35 billion compared with yesterday.

In addition to issues with index performance and trading volume.

In terms of the performance of the core main lines of the market, except for the core popular concept sectors of 'sub-new stocks', 'Internet e-commerce' and 'Internet finance', there was no significant intraday retracement and they were still in a relatively high level of consolidation and shock. Other core sectors The main industry sectors and concept sectors, even the 'securities', 'national defense industry', 'film and television media', 'Internet software', 'Internet applications', 'machinery equipment', 'retail', which had a very strong rise in early trading Automotive'... this group of industry sectors.

There has also been a very obvious trend of high volume and then a sharp retracement of volume.

According to this closing status...

Originally, before 10:30, a large number of fund-raising groups followed aggressively, as well as 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 the performance is still 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, and at this time, it will also suppress the upward trend of the market.

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 the volume is gradually shrinking during the decline. 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 slightly suppress the bulls, compared with yesterday, it is already in a significantly weakened state.

foreseeable……

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 start to rise 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 ferments 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' sector; 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 a pioneer in the market rebound trend.

If the market continues to advance rapidly and recover lost ground quickly, there is a high probability that these sectors will continue to strengthen and continue to outperform the market index, and they deserve our focus.

Among them, the "National Defense Industry" sector has reversed its bottom trend after falling a bit today.

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

There are also the 'machinery equipment', 'high-speed rail', and 'public transportation' sectors that Mr. Su mentioned before. Today it seems...it is also obvious that major financial groups have increased their positions on a large scale at the bottom.

Our actions to increase positions in this area must be further accelerated.

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

"Actually, the field of 'film and television media' is also worth noting." Liu Yuan thought for a while and said, "This field feels a bit like the adjustment is over. Also, in this field, there are certain expectations in terms of follow-up expectations. It’s bad, but the market value of this line is small, so even if we can intervene, we can only do it as a branch line.”

"The current focus is mainly on the two major sectors of 'securities' and 'Internet finance', as well as focusing on the fields of 'infrastructure' and 'military industry', as well as the conceptual theme sectors and related industry sectors I mentioned before." Su During everyone's discussion, Yu answered with a smile, "Although the other branches also meet the conditions for opening a position and entering the game,... we must first focus on the core before we can capture the market's excess returns."

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

And as time goes by...

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

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

Therefore, when the market re-enters the trading period and re-enters continuous bidding trading, the performance of major indexes, as well as major core stocks, major weighted main lines, popular main line industry sectors, and concept sector indexes are not very strong. , still continuing the shrinking and oscillating trend at the end of the morning.

Until 1:32 p.m.

'Western Securities', a highly leading stock in the securities sector and one of the top five most popular stocks in the two cities in terms of attention and discussion, suddenly launched an attack on the daily limit under the continuous attack of thousands of large orders. At the same time, 'China Securities' Investment capital' closed the daily limit.

At this time, the entire market seemed to have completely woken up again from its slumber of shrinkage and shock!