Rebirth of the Capital Legend

At 9:16, after a short call auction, in the eyes of countless investors, the two markets as a whole presented a clearly differentiated call auction situation.

It can be seen that a number of core main lines in the main board direction, as well as the most concerned "big infrastructure" main line related industry sectors and concept sectors, are generally showing a high opening trend at this moment. Among them, the three core industry sectors of real estate development, building decoration, and building materials have opened higher by more than 1.2%; and the "emerging industrial chain" main line sector, which had a huge loss effect yesterday, basically showed a trend of opening lower across the board. Among them, the core sector indexes of film and television media, Internet software, and Internet applications opened sharply lower by more than 1.5%, leading the decline of a number of industry sectors in the two markets.

As for the core areas of liquor, white goods, medicine, consumption, electricity, finance and other sectors.

It generally shows a trend of opening slightly higher or flat.

Similarly, the two branch-related industry sectors and concept sectors in the field of 'emerging industrial chain', namely 'smartphone industrial chain' and 'new energy industrial chain', also mostly showed a trend of opening slightly higher, or opening flat or slightly lower.

In addition to the initial performance of the call auction of these core main-line sectors and concept sector indices.

Regarding the hot stocks related to the two markets...

The leading stock 'Huaxin Cement', which has attracted the most attention and the most discussed topic in the market, has indeed presented an initial call auction situation of opening at the daily limit, just as most investors expected. However, although the stock initially opened at the daily limit, there were not many orders on the daily limit board.

At the same time, there are a number of stocks that are closely related to its trend, such as Tianshan Cement, Beijiang Communications Construction, and Shouchuang Group.

Most of them opened higher in the range of 3% to 5%, which did not exceed expectations, but also did not fall below expectations. The trend was in line with public expectations.

As for 'Oriental Yuhong', it is the core leading stock of the 'big infrastructure' main line dominated by 'Fuxing Road'.

It only opened higher by 1.37%.

Compared with the high opening trend of a number of stocks such as "Huaxin Cement", "Capital Group", "Tianshan Cement", etc., it is definitely relatively weak and lower than the psychological expectations of the majority of investors holding this stock.

In addition to the "big infrastructure" line, there are also initial performances in the call auctions of related hot stocks.

In the main field of 'emerging industrial chain' where the loss effect was most serious yesterday, a number of popular stocks all showed a trend of opening significantly lower.

Among them, 'Guangdong Media' was the first stock to hit the limit down yesterday.

At the initial call auction today, the stock price directly opened at the limit down.

At the same time, the stock 'Huawen Media', which had broken through the ceiling and floor trend yesterday, now also opened a limit down trend. However, unlike the stock 'Guangdong Media', which was directly blocked by hundreds of thousands of large orders, although the stock 'Huawen Media' opened a limit down trend, the volume of main sell orders on the limit down trend was not large, with only less than 8000 main sell orders piled up at the limit down trend.

In the main field of the entire 'emerging industrial chain', the early concept leader stock 'Huawen Online' is the most concerned by investors.

At this moment, it opened significantly lower at a drop of 6.22%.

This low opening trend is definitely much better than the direct limit down opening of "Guangdong Media" and "Chinese Media".

However, for the group of people who hold this stock, or those who took over this stock yesterday and were trapped.

This sharp low opening was still significantly lower than everyone's expectations.

In addition to these most core popular stocks, other popular weighted stocks in the main field of "emerging industrial chain", such as "LeTV", "Tonghuashun", "East Fortune", "Netspeed Technology", "Quantong Education"... and other stocks, also showed a trend of significantly lower opening, and the degree of low opening was significantly greater than the performance of the corresponding sector index.

Especially for the 'Quantong Education' stock, the opening margin was also 5%, causing the related 'Online Education' concept sector to open directly at a drop of 3.21%, showing a trend of leading the decline of all concept sectors in the two markets.

"Sure enough, most of the industry sectors and concept sectors related to the main line of 'big infrastructure', as well as the corresponding popular concept stocks and industry weight leading stocks, opened higher under the inertia of yesterday's trend and the influence of yesterday's post-market sentiment." Seeing the initial call auction situation in the two markets, Li Jinshi, the main hot money group of the 'Fushan system' at this moment, said with emotion, "And the industry sectors and concept sectors related to the main line of 'emerging industrial chain' that showed a huge loss effect yesterday, basically all showed a trend of significantly opening lower, among which 'Guangdong Media' and 'Huawen Media' even opened at the limit down.

Judging from this opening situation, the active capital groups in the market are indeed concentrated on the "big infrastructure" line.

Moreover, a large number of buying funds that followed the trend and took over the main line of "emerging industrial chain" yesterday all chose to stop loss today, and did not choose to maintain the market to guide the investment sentiment of the entire "emerging industrial chain" main line in a better direction.

Moreover, looking at the main line of the main board weight...

That is the opening trend of the liquor, white goods, medicine, consumption, electricity, and financial sectors.

There are also other opening trends of main-line related industry sectors and concept sectors such as 'smartphone industry chain' and 'new energy industry chain' that do not have obvious negative factors.

It seems that the trend of foreign markets continuing to set new historical highs last night did not create much emotional stimulation for these main-line sectors and concept sectors.

The opening trends of the concept sectors and industry sectors of these main sectors were mostly lower than expected.

At the same time, in a situation where the main lines of "big infrastructure" and "emerging industrial chains" are running in opposite directions, it seems that the overall bullish sentiment in the market is still not sufficient, and the market's long and short divergence is still considerable.

Overall, I feel that this initial call auction is somewhat below expectations!"

"Yeah, I have the same feeling." Hearing Li Jinshi's sigh, Chen Guiyun nodded and responded, "Overall, judging from the trend of the peripheral markets continuing to hit new historical highs last night, and the emotional feedback effect revealed by the heated discussions among the entire network of investors last night, the situation of the two markets today, except for the film and television media, Internet software, and Internet application sectors in the main line of the 'emerging industrial chain', other main lines and other sectors should have opened significantly higher, but now... it is obviously a bit contrary to the situation, which shows that the real long-term strength in the market and the actual upward long-term momentum are lower than expected and are insufficient.

Since the market situation shows that the upward bullish force in the market is still insufficient at the moment.

Moreover, there are certain differences in the forces of bulls and bears.

Then I think we may have to lower our expectations for today's market trends and be prepared for the possibility that the market may continue to fluctuate sideways.

However, despite the overall opening of the market, some of it did not quite match the market sentiment feedback.

However, in terms of the performance of individual stocks...

I feel that the fact that the stock price of 'Huaxin Cement' opened at the daily limit was somewhat beyond expectations.

Moreover, most of the active funds in the market are relatively active in following the "big infrastructure" line and choosing to take over the core concept stocks that performed strongly on this line yesterday.

I think, it is also because of this pattern trend and the initial call auction performance of the "big infrastructure" line.

The 'big infrastructure' line is likely to continue to attract many active capital groups in the market to participate today, and the market is likely to continue to rise.

We can be optimistic about this line.

As for the 'emerging industrial chain' line, which is in sharp contrast to it, since a large number of short-term capital groups that took over this line yesterday have chosen to stop loss and exit, we don't need to pay too much attention to it.

In the initial stage of the call auction, since both 'Huawen Media' and 'Yue Media' have hit the limit down, it means that the core sectors of the 'emerging industrial chain', such as film and television media, Internet software, and Internet applications, will most likely continue to be dumped by on-site funds today, and many retail investors chasing short-term profits will continue to cut losses, and the negative feedback is estimated to be relatively large. "

"I don't think so." After listening to Chen Guiyun's analysis, Liao Guoxiang pondered for a moment and said, "Looking at the initial call auction trend of the 'Huawen Online' check, it feels that this check is still relatively resistant despite the situation of a sharp opening.

Everyone originally expected that this check would most likely open at the limit down.

But unexpectedly, this check actually held up even when the stocks of "Guangdong Media" and "Chinese Media" opened at the limit down trend.

Look at the number of matched transactions on the current market.

It can be seen that although the selling pressure on this check market is huge, there is still a lot of funds to buy at the bottom as the market opened significantly lower.

And in the US market trend last night...

The real core driving force that drives the U.S. stock market to continue to hit new historical highs is actually driven by a number of technology giants.

In other words, the main core force supporting the bull market in the US stock market is still the technology sector.

Since the U.S. stock market continues to hit record highs driven by the technology sector, I think a lot of smart money in the market will not fail to notice this.

That is, in fact...

The main line of market technology still has certain favorable support.

The market valuations of a number of technology giants in the peripheral markets continue to be raised, which is also beneficial to the valuation increase of corresponding technology stocks in the Hong Kong and A-share markets.

Of course, foreign technology giants have certainty in future expectations, whether in terms of performance or operating environment.

It is definitely far superior to the corresponding technology stocks in the domestic market.

But even if the gap between the two is huge, even if a number of technology stocks in the main line of the "emerging industrial chain" in the current A-share market still have no cost-effectiveness in terms of investment fundamentals, and the future is unclear and there is no future certainty, it will not affect the fermentation of positive sentiment and will not affect the opportunity for short-term speculation. "

"Old Liao, do you mean that there is a high probability that the 'emerging industrial chain' line will reverse today?" Hearing Liao Guoxiang's analysis, Li Jinshi was slightly surprised and said, "It feels unlikely, right? Looking at the opening situation of the initial call auction, the 'emerging industrial chain' line has obviously collapsed across the board. Basically, the fund groups that took over this main line at a high level yesterday are all cutting their positions to stop losses. At the same time, the core industry sectors and concept sectors in the 'big infrastructure' main line have actively taken over the buying fund groups on a number of popular stock markets. It can be seen that they are gradually increasing. Under this situation... It feels that the speculative short-term fund groups in the market are unlikely to flow back to the 'emerging industrial chain' main line again. Moreover, the chip structure distribution in the 'emerging industrial chain' main line at this moment does not support the return of many short-term fund groups, right?

Any market reversal, or market bottoming out and rebound.

All of them require a large amount of funds to carry out the corresponding undertaking.

Since the 'big infrastructure' line is still siphoning potential buying from other main lines in the market, it also feels that in the main weight line areas of the main board, the main institutional funds of the main line sectors such as liquor, white appliances, medicine, consumption, electricity, and finance are unlikely to adjust their positions at this time to bottom out the related stocks of the 'emerging industrial chain' main line.

In other words, the main line of the 'emerging industrial chain' is in a state of chaos.

At this moment, there are actually not so many potential buying orders in the market.

Without potential buying in the market, if the market wants to reverse, it can only rely on incremental buying from outside the market. However, at this moment, there are no obvious signs of incremental buying from outside the market. This path... seems to be a dead end.

In short, judging from the current market situation and trend, I don’t see any signs of reversal in the ‘emerging industrial chain’ line today.”

"I also think it's hard for the 'emerging industrial chain' line to bottom out and rebound today." Chen Guiyun continued, "Indeed, the external market continued to hit new highs last night, which was pushed up by the stocks of a number of technology giants. However, this so-called good news is far from enough for the domestic fund group to trigger a reversal of the 'emerging industrial chain' main line and stir up another wave of 'technology main line' market. What's more, after forming a bullish effect, the 'big infrastructure' line continues to siphon potential buying orders from other main lines in the market."

"The market performance at the moment is indeed not very obvious." Liao Guoxiang also admitted what Chen Guiyun said, paused, and continued, "I just analyzed the trend of 'Huawen Online', and the two major branches of 'new energy industry chain' and 'smartphone industry chain' in the initial situation of the call auction. I think today's market is likely to continue the volatile situation and the rotation trend of the main line, so I think the 'emerging industry chain' line may rebound from the bottom. As for whether it can get out of this actual situation, it must be further clarified after the market performance is further clarified and the market goes through the entire call auction process, or wait for intraday verification. Of course... no matter how the major internal main lines are switched, the index is at this position, and it is likely that it will not rise or fall, and there is not much risk of a sharp drop, and it is also difficult for a sharp rise to exist."