Rebirth of the Capital Legend

"Indeed, Mr. Su from Huayi Capital continued to buy a lot of chips in the core theme of 'big infrastructure', which probably surprised many people." Zhang Wei responded, "And the Dragon and Tiger List trading data disclosed today shows that not only is 'Fuxing Road' buying a lot of core leading stocks in the field of 'big infrastructure', but other major institutional seats have also increased their positions, and... In addition to the core theme of 'big infrastructure', other main sectors such as consumer electronics, petrochemicals, medicine, electricity, and consumption also have many institutional main buying seats.

This shows that the major institutional investors in the market are basically in a process of continuously increasing their holdings.

Of course, the main sectors such as film and television media, Internet software, etc., which were previously abandoned by the main funds, have very few main funds participating even though their trends are relatively smooth and their rebound is strong today. "

"Indeed, the trend of the 'big infrastructure' line today was not smooth, and there were still quite a lot of divergences. The performance of the after-hours Dragon and Tiger List data was obviously beyond expectations." Liang Jiucheng nodded slightly after a brief review, and responded at this time, "Through the Dragon and Tiger List data of the two cities, it can be seen that large funds in the market are continuing to buy, and medium and small investors are continuing to sell."

"I originally thought that the intraday divergence within the various sectors on the 'big infrastructure' line was caused by the profit-taking selling of institutional funds that intervened earlier. I didn't expect..." Zhao Zhiyuan laughed and said, "It turned out that a large number of retail investors were selling. It seems that the selling pressure from the internal locked-in shares at this position is still greater than we imagined. And if this position wants to develop a coherent upward trend, it will require further divergence of market sentiment and further deepening of the market."

"I feel that there should be no problem with market sentiment, right?" Zhang Wei said, "Let's not talk about the continued increase in purchases of Fuxing Road, the potential buying power of the market's large group of follow-up funds, and the boost in market investment confidence from Fuxing Road alone will further ferment the market's bullish sentiment, right?

Coupled with the current situation of the offline real estate market, the continued rise in housing prices in various places has helped.

There are also favorable policies, and institutions and related media are bullish.

The trends of the US and Hong Kong stocks have also almost completed their adjustments, forming a new round of upward breakthrough trend.

In general, there should be no shortage of internal and external positive factors at present. In this case... as long as the money-making effect in the market can be maintained to a certain extent.

Then, the market's bullish sentiment will most likely continue to ferment.

This will reverse overall investment confidence.

As confidence grows and bullish sentiment deepens, it will naturally attract more follow-up long funds, further increasing the market's risk investment preference.

And the line of 'big infrastructure'...

The recent trend is still very volatile.

The chips deposited in this range in the early stage, whether they are profit-taking chips or floating locked-in chips, are in this continuous large fluctuation back and forth trend.

Those who lack confidence and are not firm in holding their shares should have sold most of their shares.

In addition, during this period, the internal chip structure has been continuously concentrated, which means that the potential selling force has been continuously decreasing as trading time goes by.

This will lead to further strengthening of market investment confidence and bullish sentiment.

As the potential buying power continues to increase and the potential selling power continues to weaken, the "big infrastructure" line continues to break out upward, and the certainty is still very high. "

"Under the current sentiment, there should be no suspense that the index and the core main line will continue to break upward." Liang Jiucheng said, "However, it is still difficult to say whether the comprehensive rebound will be sustainable. The reason why the intraday divergence on the 'big infrastructure' line is so large and the trend is so hesitant is that I think the main reason is the problem of market volume. The active capital volume in the market, especially the capital volume that can be actively taken over in this position range, is unlikely to support the core main line of 'big infrastructure' and even the general rise of the entire market."

"Lao Liang, what you mean is..." Zhao Zhiyuan paused and continued, "The market is likely to still be in a differentiated pattern, and only in some areas?"

Liang Jiucheng nodded and said, "I think so, and this differentiation pattern will most likely change in the direction of large and small caps. That is, the main capital groups in the market will concentrate on core weights and performance blue chips, and continue to sell small and medium-cap concept stocks. The trend has not changed."

"Not really?" Zhao Zhiyuan said, "Looking at the market, today's small and medium-sized stocks, especially some of the oversold small and medium-sized concept stocks, have performed better than the index overall, and the rebound trend is relatively smooth, unlike some of the core leading stocks in the main line of 'big infrastructure', as well as the heavyweight blue-chip stocks in the defensive main line sectors such as liquor, white appliances, electricity, finance, consumption, etc., which have such hesitant trends."

"I think what Lao Liang said makes sense." Zhang Wei pondered for a while and said, "In today's market, many small and medium-cap concept stocks have very smooth trends, and many have even hit the daily limit. That's because these stocks have been severely oversold in the recent period. Even if the internal chips are heavily locked in, the sell-offs can no longer be carried out. In other words, within the oversold range, the selling pressure is very small.

I wonder if you, Lao Zhao, have observed carefully...

Today, these small and medium-sized concept stocks generally have stronger gains than the index and have very smooth trends.

The trading volume of almost every stock has shown a shrinking trend compared to the violent fluctuations in the previous few days.

The main volume increases were concentrated in the industry sectors and concept sectors related to "big infrastructure", as well as the liquor, white goods, medicine, consumption, finance, electricity and other sectors where there were extremely serious differences in today's market, and the two relatively strong main sectors of petrochemicals and consumer electronics.

Let’s look at the Dragon and Tiger List data disclosed by the market…

The small and medium-cap concept stocks within the day were all bought and sold by small speculators in the market, or in other words, some funds that had speculated at the bottom a few days ago were trying to save themselves.

There are basically no core big speculators or major institutions participating in the circle.

Moreover, the purchase amount of these stocks on the list, even if it is to buy one seat, is mostly below 1500 million.

This shows that although these stocks have been moving smoothly today and have seen significant gains, the internal buying power is still clearly insufficient.

Since the buying power is obviously insufficient, and there is no core institutional funds involved to lock the positions.

The continuity of the market trend naturally becomes questionable.

In addition, after the oversold situation is corrected, the heavy selling pressure from the upper positions will soon surge out, and there will be no room for the market to expand.

Therefore, although the current trend of these stocks seems strong, they are actually still relatively weak.

Instead, it is the core leading stocks of a number of industry sectors and concept sectors in the main field of "big infrastructure", as well as liquor, white appliances, medicine, consumption, finance, petrochemicals, electricity, consumer electronics... These are the core leading stocks of the main sectors that are currently in the popular mainstream fields.

In particular, mid- and large-cap stocks with strong fundamentals, high market liquidity, and sufficient expectations for future performance explosion.

Although the intraday market trend seems somewhat hesitant.

But it is obvious that the volume has been amplified. On the whole... the intervention of active buying funds is relatively positive and the heat is also high. The bullish sentiment is increasing and fermenting very well.

If we talk about the certainty of the subsequent market trend...

They must be the various industry sectors and concept sectors related to "big infrastructure", as well as a number of defensive main-line sectors, as well as a number of core leading stocks in the consumer electronics and petrochemical sectors that have been recognizable today and have attracted the attention of many major funds. The certainty is relatively high.

Moreover, judging from the buying trends of the core big speculators and major institutional groups in the market.

It’s also obvious…

Basically, large funds continue to buy blue-chip and white horse stocks, and continue to sell small and medium-cap concept stocks.

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And since large funds continue to increase their holdings of blue-chip and white horse stocks, the investment trend of the market will naturally change in this direction.

Our trading strategy should also be formulated in this direction.”

"From this perspective... it seems that the trend of speculation on small and medium-sized stocks is indeed gone forever." Zhao Zhiyuan sighed and said, "I thought that with today's trend, the original market speculation on small and poor stocks has returned, but I didn't expect..."

Liang Jiucheng took over and said: "Looking at the stock buying style of 'Fuxing Road', we can actually determine the overall investment trend of the market. After all, the funds of 'Fuxing Road' can be said to be the smartest and most sensitive main funds in the market. The stocks they have continuously bought include Oriental Yuhong, Gemdale Group, Huaxin Building Materials... Basically, these stocks are blue-chip stocks with high performance in the hot main line areas. The market caps are not small, and they all have strong fundamentals. There is a certain expectation gap, and the performance is expected to explode in the next one or two quarters.

This shows that the "Fuxing Road" funds also believe in the investment trend of the market.

Always focus on blue-chip stocks.

It seems that since the end of the last bull market and several rounds of stock market crashes, the "Fuxing Road" fund has not bought any small or medium-sized pure concept stocks with a market value of less than 100 billion.

Although one of the reasons for this is that the scale of capital of "Fuxing Road" is growing.

It is not easy to enter and exit, and it is impossible to buy stocks with average liquidity on the market.

But the most fundamental reason, I think, is that the funds of Fuxing Road were keenly aware of the change in the overall investment trend of the market. "

"I agree." Zhang Wei nodded slightly and said, "There is no doubt that the capital of Fuxing Road is definitely the smartest and most sensitive main capital in the market. The stocks that Fuxing Road focuses on building positions and its overall style of buying stocks are also what we should focus on studying. As for our trading ideas... I think that in the current market situation, it is safest to follow the ideas of Fuxing Road.

The direction of small and medium-sized concept themes...

At present, it is easy to lose money but difficult to make money, so it should be avoided.”

"Okay." Zhao Zhiyuan pondered for a while and felt that what Zhang Wei and Liang Jiucheng said was right. He responded, "Then let's follow the idea of ​​the fund of 'Fuxing Road'. Unfortunately, the positions of the two stocks of Gemdale Group and Huaxin Building Materials are not enough today. These two stocks... tomorrow will not be like the 'Oriental Yuhong' stock today, and open with a limit up directly, right?"

"It shouldn't happen." Liang Jiucheng said, "First of all, the circulation volume of these two checks is obviously larger than that of the 'Oriental Yuhong' check. In addition, after the market's big positive trend today, the accumulated profit orders during the day are much more than yesterday. A large number of short-term profit orders will be cashed after the opening of tomorrow. With the circulation volume of these two checks exceeding 150 billion, the funds that follow suit in the market should not be able to bear it.

Furthermore, the check from Oriental Yuhong will definitely be issued tomorrow.

There is still great uncertainty as to how the stock will develop after it is listed.

I think, facing the Dragon and Tiger list data of Gemdale Group and Huaxin Building Materials today, even though the market sentiment is high, except for the vast retail investors in the market who are more affected by the sentiment, there should be very few rational main funds that would support Gemdale Group and Huaxin Building Materials tomorrow.

Therefore, if the funds at the top plate are insufficient, these two stocks will not rise to the daily limit tomorrow."

"I don't think so either." Zhang Wei said, "And I feel... the current investment confidence in the market is still a little insufficient. In addition to the profit-taking accumulated today, it is not ruled out that there will be potential profit-taking main funds tomorrow, taking advantage of the premium of the seats of 'Fuxing Road' to smash the two stocks. And just like what Lao Liang said... the trend of 'Oriental Yuhong' tomorrow is still very uncertain. First of all, the short-term increase of this stock is too large, and there is a need for a correction. Secondly, this stock has reached the previous high position, and the internal historical locked-in pressure will suppress the further upward movement of the stock. The profit-taking and floating locked-in stocks are sold together. It is hard to say whether the buying in the market tomorrow can take over.

If you can't take it...

In the main field of "big infrastructure", the core leading stocks with the highest recognition have shown a negative feedback trend of opening high and then falling back.

Then, I am afraid that the overall market trend tomorrow will not be very good.

Therefore, overall, the market uncertainty tomorrow is higher than today, and it will not be a good buying point. "

"Tomorrow there will most likely be only selling points, but no buying points," Liang Jiucheng said. "Even if the overall market direction is upward, its trend cannot be achieved overnight."