Chapter 730: A position holding strategy that should be kept quiet but not moved!

"The technical divergence is even more exaggerated in the securities sector and the Internet financial sector!" Liu Changling, the fund product trading team leader sitting next to the fund's main control computer, responded, "The entire securities sector and the Internet financial sector index have seriously diverged and blunted Change, according to the technical aspect, it should have been corrected long ago, but...it continues the upward trend all the way north, even if there is a short-term adjustment, it is basically completed within a day, this kind of explosive The continued short squeeze trend is really eye-opening!”

"Actually, the securities sector and the Internet finance sector are two core popular sectors. Looking at the turnover and volume, there is still a lot of selling on the market." Shao Xiaoyun said, "However, both inside and outside the market are flocking to these two core popular sectors, and The active capital groups in the entire main line of 'big finance' are simply increasing rather than decreasing."

Liu Changling nodded slightly and said: "This is a bull market! It seems...as long as the turnover and volume of the two cities are still rising significantly, the securities and Internet finance branches, which are the pioneers of the bull market and lead the rise, will basically not There won't be any decent adjustments.

Looking at the entire market, it is indeed true that only the future expectations and market certainty of these two popular sectors are the strongest at present. Such... With the continuous surge of incremental capital groups to increase their positions and rush to raise funds, it is difficult not to continue to make large profits. rise.

Fortunately, our fund products have decisively continued to increase positions in the 'Securities' and 'Internet Finance' sectors in the past week, causing the position weight of the entire fund product to completely shift to the main direction of 'Big Finance', otherwise... Now we are afraid that we are very passive. "

"Indeed." Shao Xiaoyun smiled and nodded, "Fortunately, I didn't hesitate at the time and actively adjusted the position layout."

As the two briefly discussed, they were surprised by the market trends of the two cities.

At the same time, they were in the fund product trading room of the same company "Yinghui No. 1" right next door.

As the product manager of the 'Yinghui No. 1' fund, Liu Guanhai was also quite surprised by the market trend of the two cities: "At 3300 points, the Shanghai Stock Index was still frustrated and lingered for a while. Now at the 3400 point mark, the Shanghai Stock Index has broken through. There is no sign of stress at all, which is really surprising. It feels like the more the Shanghai Stock Index rises, the less and less the pressure becomes. At the same time, a number of core sectors in the main areas of 'big finance' such as securities, Internet finance, banking, and insurance, etc., are on the market. The trend is becoming more and more consistent.”

After hearing Liu Guanhai's words, Yu Lei, the fund product trading team leader sitting next to Liu Guanhai, stared at the market and responded with a smile: "Once the logic of the bull market is generally recognized by the majority of investor groups inside and outside the market, at the same time, the market's continuous profit-making effect will Then the consistency of the market will become stronger and stronger with the entry of large-scale incremental capital groups into the market. However, I did not expect that the market turnover and trading volume would increase so quickly.

If it hadn't actually happened, it would be difficult for any investor to imagine that the turnover of the two cities would have climbed to 800 billion so quickly, right?

No one would have thought that it would take just over half a month.

The turnover of the securities sector has increased significantly from the previous barely 10 billion to 100 billion, a surge of nearly 10 times. "

"Yes!" Liu Guanhai sighed with emotion, "The volume performance and market trend of the entire securities sector are really exaggerated. In just over half a month, many of its component stocks have generally doubled. Even the growth rate of 'Huaxin Securities', a super-weighted stock with a scale of 100 billion, has increased by nearly 50% in more than half a month. Its sharp breakthrough trend is really breathtaking."

Yu Lei continued with a smile: "After one round of bull market baptism in history, everyone knows that the 'securities' sector is the pioneer sector of the bull market. As long as the expected logic of the bull market is generally recognized, the market trend of the securities sector will be a bull market. stage, first the main line sector with the highest certainty.

What's more, market turnover has hit record highs one after another.

Under such intense trading conditions, can the market prices of the securities sector not be exaggerated?

Moreover, there are expectations for the central bank to cut interest rates and reserve requirements in the future. After the opening of the Shanghai-Hong Kong Stock Connect, there will be a large influx of funds from the "southern system" and the continued surge in financing balances.

Under so many expected conditions, I think that in the short term, the market of the securities sector will not stop easily, and even a slight in-depth adjustment is unlikely to happen. After all, the market is currently optimistic about this sector and wants cheap chips. There are too many foreign capital groups, as well as active main fund groups on the market who still lack securities chips.

Coupled with the financial groups who already hold chips in the securities sector.

In such a strong market money-making effect and an increasingly clear comprehensive bull market atmosphere, it is obvious that investors will be more and more reluctant to raise money.

This has led to the current situation that the higher the price of the corresponding core component stocks in this sector, the less pressure they have on the market.

Fortunately, our fund has been deployed in advance, and we have reaped the main profits of this wave of market trends. As long as the main line of the market is still focused on the main line of 'big finance', we don't have to worry too much. We can maintain static positions and It can significantly outperform the market index. "

"However, looking at today's market situation, under the premise that the core main line of the market is focused on the 'big finance' line, in terms of the internal trends of the two main lines of 'big finance' and 'big infrastructure', it feels that a lot of funds are still there. It is a 'high-low switching' situation within the main line." Liu Guanhai pondered for a while and said, "Under this form of trend, the index trends of the corresponding industry sectors and concept sectors in the main line areas of 'big finance' and 'big infrastructure' should not be the same. It will stop, but the trends of internal component stocks should be somewhat differentiated.

It is estimated that in the past half month or so, a number of core popular stocks have achieved high valuations and high stock prices.

The long-short divergence on the market will expand to a certain extent.

Other mainline low stocks that have not risen much before and completely lag behind the growth of sector indexes may have a strong wave of compensatory gains. "

"Although judging from the market signs, there are some traces of 'high and low switching' within the main line sector." Yu Lei took over and said, "But, I think, the current market turnover and volume, that is, the liquidity of the entire market, Under the premise of mainly focusing on the two main lines of 'big finance' and 'big infrastructure', the incremental capital groups pouring into the relevant industry sectors and concept sectors of these two main lines are completely sufficient and even overflowing.

So much liquidity.

Even if a number of stocks in the two core main areas of "big finance" and "big infrastructure" have risen to short-term highs, and the long-short differences on the market have increased, such liquidity can fully support the stock price.

In other words, the capital groups are flocking to the two core lines of ‘big finance’ and ‘big infrastructure’.

When the overall situation is in a state of excess and overflow.

Even if there is a slight "high-low switching" trend within these two core main lines, it will not have a great impact on the trend of the corresponding component stocks.

Take the trend of the securities sector, the most popular core sector in these two cities, as an example.

The check of 'Western Securities' is considered to be the leading stock that led the rise before, right? In more than half a month, the stock price has doubled.

And the component stocks of ‘Southwest Securities, Pacific Securities, and Founder Securities’.

Is it considered a low-priced stock that lags behind the growth of the sector?

Looking at today's market trend, even the main financial groups have prioritized attacks on stocks such as Southwest Securities, Pacific Securities, and Founder Securities, which are at low prices.

However, the overall market size of these stocks cannot fully accommodate the incremental funds pouring into the securities sector.

As a result, funds quickly overflowed to other constituent stocks.

This has resulted in the check of 'Western Securities' continuing to rise by 6 or 7 points at a relatively high level, and continuing to outperform the core indexes of the two cities.

So I said that even within the two core main areas of ‘big finance’ and ‘big infrastructure’.

There has been a certain degree of ‘high-low switching’ trend.

As long as the market's turnover and trading volume are still rising, as long as the active capital flows flowing into the main lines of "big finance" and "big infrastructure" are still relatively abundant.

So, in fact, there is not much difference between holding strong stocks and weak stocks.

We don’t need to actively adjust positions at this time to adapt to the so-called ‘high-low switching’ market trends that occur in these two core main areas.

As long as our main position direction.

Stay in the two main areas of 'big finance' and 'big infrastructure' where current future expectations are strongest, market certainty is the highest, and active capital groups and off-site incremental capital groups are flocking to raise the most intensely, then no matter what, It can easily outperform the market index.

On the contrary...if we take the initiative to adjust positions and adapt to the market's 'high and low switching' trend.

It is very possible that the excess profits were not taken, but the chips were easily lost.

After all, when there is a steady stream of incremental capital groups and the funds to follow suit are relatively aggressive and abundant, it is relatively easy to sell but relatively difficult to buy.

As long as we sell the chips and then buy them back at the original price, basically, under the current market situation, it is not realistic.

Therefore, at this time, it is a relatively reasonable trading strategy.

I think it is better to maintain static positions, watch more and move less.

Didn’t Mr. Liu see that the financial groups who took the initiative to adapt to the ‘high-low switching’ of the market yesterday have lost their bargaining chips in the main areas of ‘big finance’ and ‘big infrastructure’?

Among the capital groups that are aggressively chasing positions today, there must be a large number of capital groups that sold yesterday. "

After listening to Yu Lei's analysis, Liu Guanhai thought carefully for a while, nodded, and said: "You are right, there are many trading opportunities in the market, and we cannot seize every opportunity. Often, in transactions, If you want to seize every opportunity to earn excess profits in the market, you will easily pick up sesame seeds and lose the watermelon.

As long as the big investment direction is right, profits should be allowed to run.

In this case, let's maintain static positions and see how far the line of 'big finance' can break through as the market's bull market expectations become more and more clear and the central bank cuts interest rates and RRR cuts in the market. , to what extent can we push the valuation of market-weighted stocks? "

After speaking, Liu Guanhai once again turned his attention to the two markets where trading was taking place.

At this time, the market trading time has come to around 1:30.

After half an hour of intense trading, it became more obvious that industry sectors and concept sectors related to "big finance" and "big infrastructure" led the gains in the two cities.

Moreover, under the concentrated gathering of huge incremental capital groups and active capital groups, they rush to raise funds and follow suit.

The trend of "high-low switching" in the main areas of "big finance" and "big infrastructure" is also becoming more and more obvious.

Although the two major core popular stocks of Yinzhong are still in a continuous surge, and the trading volume and trading volume are still in a significant upward trend compared with the previous trading days, but overall, their market performance The growth rate can no longer outperform many low-priced and low-priced stocks in the main field.

Of course, in the fields of popular concepts such as ‘Internet finance’ and ‘sub-new stocks’.

It is still the pattern of ‘the strong will always be strong’.

At 1:32, the turnover of the two cities exceeded 550 billion, once again setting a new high for the same time period in the two cities. At this moment, the A50 index's intraday increase broke through the 3% increase mark. Its index constituent stocks, 46 of the 50 stocks rose in the red market, exceeding a 90% increase rate.

At 1:33, the intraday trading volume of ‘Huaxin Securities’ broke through the 10 billion mark, and the stock price began to gradually trade sideways within the 10% to 7% increase range.

At 1:34, the main contract of A50 index futures rose to the 5% increase mark during the day.

At 1:35, the daily increase in the securities sector index hit the 5% mark, and within the sector, more than 6 securities stocks had reached their daily limit.

At 1:36, the two major weighted industry sectors, banking and insurance, rose by more than 5% during the day.

At 1:37, the Shanghai Stock Index was hovering near the 2% increase mark.

At 1:38, the steel sector rose by 49%, ranking second in the industry sector growth lists in the two cities.

At 1:39, the two heavyweight stocks of 'China South Locomotive and Rolling Stock Corporation' and 'China North Locomotive and Rolling Stock Corporation' all hit the daily limit. At the same time, the 'Central Enterprises and State-owned Enterprises Reform and Reorganization' sector, as well as the 'Non-Public Transportation' sector, They also quickly followed the trend and the corresponding stocks with the same concept exploded higher again.

At 1:40, ‘Hengsheng Electronics’ hit the daily limit.

At 1:41, there were 62 non-one-line daily limit stocks in the two cities, and more than 15 of them were large-cap stocks with a market value of more than 30 billion.

At 1:42, after the Shanghai Stock Index shot up to around 3,450 points, it began to encounter resistance.

At 1:43, after the main A50 index futures contract rapidly expanded to around 65% during the day, it briefly lost the momentum to rise further. On the market, the main short-selling orders began to increase and suppressed the long orders. , the increase began to fall, and the gap with the increase of the A50 index quickly narrowed. (End of chapter)