Rebirth of the Investment Era.

"Currently, the two main themes of 'infrastructure' and 'military industry', as well as the main themes of concepts such as 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', etc. It is indeed a bit like a false breakthrough trend.” Sitting beside Shao Xiaoyun, Liu Changling, the trading team leader, staring at the market changes in the two cities, pondered for a moment, then nodded and said, “However, the market’s ‘high-low switching’ situation is currently Looking at it, it is not obvious that the line of 'technological growth' is mainly driven by the main line of 'sports industry development', which is a sudden favorable concept theme.

However, the main line of the concept of "sports industry development", the corresponding stocks involved, and the amount of funds that can be carried are very limited after all.

It is impossible to stimulate the two main themes of "military industry" and "infrastructure" like the main themes of the core concepts and themes of "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central Enterprises and State-owned Enterprises", so that Fully drive the line of "technical growth" and step out of the form of continuous breakthroughs.

From the current point of view, although the active capital groups in the market are constantly flowing into the main line of 'technological growth'.

And at the moment, concepts such as 'film and television media', 'electronic information', and 'domestic software' are also promoted by the influx of active capital groups.

However, on the whole, there are still big differences in the funds in the venue!
"Big consumption", "big finance" and "non-ferrous cycle", these low-level main line fields, at this moment, with the intraday correction and decline of the two main lines of "military industry" and "infrastructure", are also rebounding in shocks and absorbing many from Fund groups that have retreated from the high-level and popular mainline areas in the early stage.

So, on the whole.

I think we can't be too happy at this time.

We have to observe and observe again to see if the market driven by the positive concept of "sports industry development" can really leverage the main line of "technological growth" to get out of the continuous profit-making effect, so that the market's expectations, and The follow-up effect of funds continues to converge in this field.

If it is possible, then the market mainline market conversion should not be far away. "

Shao Xiaoyun saw that Liu Changling did not fully agree with his own market judgment, and still believed that the market fluctuation of the main line of "technological growth" at the moment was just a rebound, not a reversal. Dao: "Although it is not yet certain that the market has formed the main market trend of 'high-low switching', it is also not certain that the line of 'technological growth' can get rid of the bottom shock form, break out of the breakthrough trend, gather the unanimous expectations of the market, and attract the entire market. Active capital groups in the market concentrate on making orders.

However, at least it can be seen.

"Infrastructure" and "Military Industry" are the two popular themes in the early stage, as well as the main themes around the concept themes of "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central Enterprises and State-owned Enterprises" have been turbulent and hyped A group of concept sectors and their corresponding popular stocks.

It should be that the bargaining chip structure has become loose, both expectations and emotions have declined, and it is no longer possible to play upwards and make money.

Now that these popular main lines in the early stage have turned from strong to weak.

It can basically be determined that the result of the trend that is about to enter the adjustment phase.

Then, it means that the main line of the market must be shifted and switched, which means that the market's "high-low switch" change in form and trend is not far away.

Follow-up, as the market continues to fluctuate.

It is just the expectation and result of deepening this trend, and it is the market's "high-low switching" trend pattern, which is more distinct.

That being the case, there is nothing to worry about, at least anyway, the market trend is gradually changing in the direction we expected.

and also……

The occurrence of any main market.

Generally, it also changes from a rebound to a reversal.

After all, no one can directly foresee the long-term market trend of the market, and can only focus on the present.

As long as everyone expects the line of "technological growth" to rebound, then as the expectations and sentiments of the two main lines of "infrastructure" and "military industry" and the effect of making money weaken, the line of "technical growth" will rebound In the market trend, expectations are bound to increase, and similarly...more and more funds and incremental funds will enter this field.

At that time, the possible market news will be superimposed on the positive side.

Don't be afraid that a rebound cannot be turned into a reversal. "

Seeing Shao Xiaoyun's positive and optimistic attitude, Liu Changling nodded slightly, and said: "It's true, the main line of the market, at the beginning, no one would think it was a reversal, and all the market basically started with a rebound, and gradually followed. The reversal took place as expectations strengthened."

"In fact, as long as the market is active and the capital group is gradually abandoning the two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and reorganization of central enterprises and state-owned enterprises' 'These concept themes are the main line of shock and hype, and the concept section is fine." Shao Xiaoyun continued, "As long as the market flows out of the main line field that has been frequently hyped in the early stage and is already at a relatively high level in the market, then the funds that come out will inevitably choose other main line fields Inflow to make orders.

And on the market, at the current stage.

Other mainline fields, although there are many mainline fields, still have certain future expectations.

But in general, the line with the strongest expectations and the hardest logic is the line of "technical growth".

I believe that as long as the various active funds in the market, as well as the main financial institutions of all parties, are not blind, they will definitely find "technical growth" when they give up the main lines of "infrastructure" and "military industry" that continue to speculate in the market. Opportunities of this line, and enter to make a deal.

And, the line 'technological growth'.

After several months of continuous adjustment, the wave of hype in June has been completely digested. At the same time, the overall trend of the main line of "technological growth" has completely lagged behind the overall market growth in the past few months. Yes, in the field of "technological growth", the future expectation logic of many popular core stocks is still strengthening, and their performance continues to explode.

A group of core stocks in this mainline field obviously have a demand for supplementary growth.

I firmly believe that it is a completely correct strategy for us to carry out the "high-low switch", from the popular main lines such as "infrastructure" and "military industry" in the early stage, and switch to the main line of "technological growth". "

Originally, yesterday saw the explosive breakthroughs in the popular main lines of the early market such as 'infrastructure' and 'military industry'.

He was still a little depressed and dissatisfied.

But today, seeing the popular themes of "infrastructure" and "military industry" in the early stage are actually "false breakthroughs" to lure many, after careful analysis, he has more confidence in his heart.

"I hope!" Liu Changling nodded slightly.

Although the confidence in his heart is not so firm, but for the fund to cut profits from the early popular main lines such as 'infrastructure' and 'military industry' which have loosened its bargaining structure, it cuts into the relatively low level of 'technological growth' and still has strong expectations for the future. He still agrees with the layout of the core main line, and also agrees with this trading strategy.

Between the two of them discussing...

When Shao Xiaoyun showed excitement and excitement, he greatly appreciated the changes in the current market conditions.

The same company, the trading room of the 'Yinghui No. 1' fund next door.

Yu Lei, the leader of the trading team, stared at the changes in the two markets carefully, but frowned slightly. He turned his head to look at the fund manager Liu Guanhai, and said, "Mr. Liu, I feel that the market trend today is not very good." The net outflow of the main funds of the popular main lines of "infrastructure" and "military industry" is a bit too much. It feels that the holding funds gathered in these main lines are obviously taking profits and selling crazily.

Of course, just look at the performance of the amount of funds and the flow of main funds.

This is not the most worrying.

The most worrying thing is that the core stocks with heavy positions in the "Yu Hang Department", such as "Huaguo MCC, Huahang Optoelectronics, Huaguo Communications Construction, China Airlines Shenfei, Hangfa Power..." and other core stocks are all There is an obvious trend of high opening, rapid bursting and falling. Compared with the previous period, these stocks have shown the characteristics of a market trend that has changed from strong to weak.

From the current point of view, it is definitely not known whether the 'Yuhang system' is in or out.

But these tickets showed this trend at the high level.

Even if there is no disclosure of the Dragon and Tiger list, even if the 'Yuhang Series' does not appear clearly on the Dragon and Tiger list, it does not reflect its attitude of reducing its position to the market.

But other funds in the market are always guessing randomly.

Once everyone has concentrated guesses and expectations in this regard.

Then, there will be more and more funds to start rushing away from the heavily held stocks of the 'Yuhang series'.

And as long as the stocks in the core main line fields such as "infrastructure" and "military industry" that are heavily held by the "Yuhang Department" are concentrated and smashed by funds from all sides, the market trend turns from strong to weak.

Then, the popular main line trends of 'infrastructure' and 'military industry' may be very dangerous.

After all, the long-term market trend of heavily held stocks in the 'Yuhang series' is the core force supporting the continued strength of core popular stocks such as 'infrastructure' and 'military industry'.

These stocks once weakened.

The news of the large-scale reduction of positions and profit taking of the 'Yuhang System', or such rumors, will quickly spread to the market.

And once the expectations in this regard are fully formed.

These stocks have encountered extreme selling pressure, so given the extreme influence of the 'Yuhang System' on the market, the core lines of 'Infrastructure' and 'Military Industry' are estimated to have further drastic adjustments, and there is a possibility of a collapse across the board. Not without it.

On the other hand, at this time, in the case of "Huaguo MCC, Huahang Optoelectronics, Huaguo Communications Construction, China Airlines Shenfei, Hangfa Power..." these stocks concentrated their declines and weakened concentratedly.

Think again that funds will form a concerted force on popular main lines such as 'infrastructure' and 'military industry'.

The hope of continuing to make an upward move is actually very slim.

In addition, the so-called "one bang, then decline, and three exhaustion", the emotional reaction of the stock market, and the market speculation are also the same.

Yesterday, the core main lines of the market such as "military industry" and "infrastructure" have shown a form of comprehensive breakthroughs. Many investor groups in the entire market have sufficient and sufficient expectations for these popular core main lines to continue to break through. Now The market moves... not at all.

The breakthrough trend that was supposed to happen has become a trend of high openings and high volumes.

This is seriously below expectations.

This will greatly dampen the investment sentiment and hype sentiment concentrated in the core areas of 'military industry' and 'infrastructure', and it will also weaken the enthusiasm of the active main fund groups to concentrate on these areas.

In this way, on the one hand, there is the hidden worry of large-scale reduction of positions and profits of the "Yuhang system", and there are "Huaguo MCC, Huahang Optoelectronics, Huaguo Communications Construction, China Airlines Shenfei, Hangfa Power..." These stocks continue to fall, which is harmful to the "infrastructure" ', 'Military Industry' these popular mainlines have substantially suppressed the market, and their expected impact.

On the other hand, there is a decline in investment sentiment and hype sentiment brought about by the market performance that is seriously below expectations.

There are also several popular themes of 'infrastructure' and 'military industry', which are currently showing weak money-making effects.

I estimate that the investment performance of the popular main lines of 'infrastructure' and 'military industry' in this position is not as good as that of many low-level main line stocks. At the same time, their game value and profit-loss ratio are also declining rapidly. ...It has really reached the selling point suitable for reducing positions and taking profits. "

Liu Guanhai listened to Yu Lei's analysis, pondered for a moment, sighed helplessly, and said, "What you said makes sense. I thought that after yesterday's stimulus, today's 'infrastructure', 'military industry', etc. Under the influence of positive emotions, the popular main line of the big market can be further improved, continuing yesterday's money-making effect, and further pushing the index above the 3000-point mark.

Now it seems that this beautiful expectation is about to be completely defeated.

It is also true that the outflow of main funds in popular main line fields such as 'infrastructure' and 'military industry' today is so terrifying because of the complete failure of this expectation.

Lighten up and take profit!
This position, since expectations cannot be realized.

At the same time, the Shanghai Index is indeed facing tremendous pressure at 2900 points, and there is no hope of surpassing 3000 points in the short term. The "bull market expectation" has penetrated into the main capital groups of all parties in the market and the hearts of investors.

In this way, we can only accept as soon as it is good, and we cannot expect that the main lines of "infrastructure" and "military industry" will continue to weaken and become stronger.

However, since you want to choose to reduce your position and take profit at this position.

So, under the strategy switch, if we do a 'high-low switch', which main line area do you think we should adjust our positions to focus on the low position? "

Yu Lei thought for a while and said: "According to the current market trend reaction, the main line of 'technological growth' today has been affected by the direct positive stimulation of the concept theme of 'sports industry development', and there have been general changes. Many core stocks , Stocks such as 'LeTV, Huayi Brothers, Enlight Media, Wangsu Technology, Anshuo Information...' are also continuing to strengthen, and continue to attract huge main funds that follow the idea of ​​​​'high-low switching' to undertake the market .

But, I always feel the main line of 'technology growth'.

In the adjustment trend of just over a quarter, the internal bargaining chip structure has not been consolidated.

You must know that in June, the major market trends of 'infrastructure' and 'military industry', driven by the continuous and tough main attack of Mr. Su of the 'Yuhang Department', were also in the 'Eurasian Economic Belt', 'New Era Road, Sea Market' Stimulated by a number of macroeconomic policies and macroeconomic strategies, such as the Silk Road, the reform and reorganization of state-owned enterprises, and so on, it will continue to make a strong upward move and step out of the continuous breakthrough trend.

'Technology growth' the main line of the field.

The aggregated main financial institutions and the overall position level are at the highest position in the market.

Nowadays, although many major financial institutions have made strategies to adjust and lighten their positions when they have underperformed the market for one consecutive quarter and underperformed the market in the line of "technological growth", but overall... In view of its almost obvious future good expectations.

There are still many major institutions that are hard-pressed in this field.

It is waiting for the main line of the market to change, waiting for the arrival of the "technological growth" line of supplementary growth.

In general, I think that the time and space for adjustment of the line of "technological growth" is not enough at present. The recognition of this line by the capital group in the market is actually not very high, and they are willing to enter this main line field, given a large number of main funds lurking in this field, there is not much funds to carry the sedan chair.

So, I think the 'Technology Growth' line.

There is momentum for a rebound, but if you want to show such a strong outbreak like the previous "infrastructure" and "military industry" outbreaks, and get out of last year's magnificent and continuous breakthrough market, as well as the concentrated hype in the market, I think no matter what is expected , or logically, there is still some lack. "

"Since you are not optimistic about the line of 'technological growth', then..." Liu Guanhai said with a smile in his eyes, "We can only turn our attention to the two lines of 'big consumption' and 'big finance'."

Yu Lei thought for a while, and then said: "Although the core logic of the line of 'big consumption' is the logic of economic recovery and consumption recovery, the uncertainty is actually quite large. After all, how far the economy can recover? It’s really hard to say how effective the relevant consumption policies will be in stimulating the economy.”

"You mean... we have to move closer to the main line of 'big finance'?" Liu Guanhai said in surprise.