Rebirth of the Capital Legend

"Looking at the pre-market sentiment, the market will definitely open higher today." Noting the strong bullish sentiment in the two cities, Li Shangfeng, the trading team leader of the main fund product trading room of 'Nuoan Blue Chip Hybrid Selection' in 'Nuoan Capital' in Shanghai, smiled and said after observing the opinions of a large number of retail investors on various stock investment exchange platforms across the Internet, "I just hope that the market will not open too high, otherwise the large amount of profit-taking accumulated yesterday will crash the market, and the long-term fund group at the beginning of the market may not be able to hold on to the market under this situation."

Next to Li Shangfeng, Wang Shujie, the main fund product manager of 'Noan Blue Chip Hybrid Selection', who has also been observing the market sentiment, also responded at this time: "Based on the performance of the sentiment, an opening of about 1 point higher is not beyond expectations. As for whether the market can bear it if it opens too high, it is uncertain whether it can be analyzed at present. We can only know after the market call auction ends."

"I feel that with yesterday's big positive trend, the market has accumulated a lot of profit-taking." Li Shangfeng said, "If the index opens more than one point higher, especially the 'big infrastructure' line that has attracted much attention from the market, opens too high, and the market is too consistent... then the probability that the market can take over the active buying at the beginning of the trading session is really not high."

"It depends on how many profit-taking investors will sell out," said Wang Shujie. "The most critical factor is the trend of the three stocks that the Fuxing Road fund has focused on increasing its holdings, namely, Oriental Yuhong, Gemdale Group, and Huaxin Building Materials. If the trend of these three stocks is strong enough, the profit-taking investors who have intervened in the market to buy at the bottom will subconsciously temporarily lock up their shares and continue to wait and see, hoping to sell at a higher price.

In this way, the selling pressure at the beginning of the trading session will not be very large, and the market's active buying will be able to take over.

But if these three checks, the trend of the call auction is not as expected by most investors.

So, short-term sentiment is receding.

At the beginning of the trading session, the trends of other similar concept stocks in the main field of "big infrastructure" were not optimistic. The unoptimistic trends of these stocks would naturally prompt many profit-taking capital groups in the market to form a rapid and concentrated market crash with the mentality of quitting while they were ahead.

In this case...

The selling pressure at the beginning of the market will be very large, and it will be difficult to get out of the market if it opens high and goes higher. "

"Yeah." After listening to Wang Shujie's analysis, Li Shangfeng nodded and said, "That's basically what you analyzed, Mr. Wang. However, under the two trends and the two emotional feedbacks, how should we arrange our investment and operation strategies?"

Wang Shujie pondered for a moment and said, “If the call auction trend of the three core leading stocks, Oriental Yuhong, Gemdale Group, and Huaxin Building Materials, is lower than expected, and the short-term market sentiment declines during the call auction trend, then… we need to sell some chips quickly at the opening.

And the chips that were sold must be added back at the end of the trading day after the trend falls back.

Of course, if the trend of the market call auction is in line with expectations, or exceeds expectations.

Then you can take another look and keep your static position unchanged.

Overall, there shouldn’t be a good buying point today. In this situation where sentiment is relatively aggressive, we should still wait patiently and not rush to increase positions, which would disrupt the rhythm.”

"Okay." Li Shangfeng nodded and said, "I will immediately convey the corresponding strategic points to the traders."

After saying that, he quickly conveyed Wang Shujie's ideas and operating strategies to various trading groups and all traders in the trading room.

And when he has completed conveying the relevant trading strategies and trading instructions.

The market trading time has reached 9:15.

Under the watchful eyes of countless eyes in the entire market, the stagnant stock markets began to jump rapidly.

Soon, at 9:16, in everyone's eyes, the two markets continued yesterday's rebound trend. Nearly 2700 stocks, more than 90% of the stocks, showed a red trend.

Among them, the main area is "big infrastructure".

The industry sector indices such as real estate, construction decoration, building materials, nonferrous metals, steel, and coal all opened higher at around 1.5% in the initial call auction stage.

Several branch sectors include consumer electronics, security lenses, and petrochemicals.

They also opened higher with an increase of more than 1%.

As for the oversold market main lines such as Internet software, electronic information, film and television media..., they also continued to rebound. Although their high opening trend was not as good as the more popular "big infrastructure" main line, as well as consumer electronics, security lenses, and petrochemical sectors, they also maintained their top positions in the list of growth rates of various industry sectors in the two cities.

The defensive main sectors include liquor, white goods, medicine, consumption, electricity, and finance.

It is still relatively weak and shows a flat opening trend.

In addition to the performance of the main line sector...

In terms of the performance of specific core hot stocks, a number of stocks that closed at the daily limit yesterday are now showing a daily limit trend. Among them, 'Oriental Yuhong', 'Golden Land Group' and 'Huaxin Building Materials' all showed a daily limit trend, and the active buying volume exceeded 5 lots.

紧接着，9点17分，9点18分，9点19分……

With the help of continued fiery emotions.

When 9:20 arrived, the two markets entered into the real call auction phase where orders could not be withdrawn.

At this time, whether it is the main industry sectors of "big infrastructure" that many investors in the market are paying attention to, or the branch sectors that had a relatively strong performance yesterday such as consumer electronics, petrochemicals, and security lenses, or the oversold main sectors such as film and television media, Internet software, and electronic information.

The gains of the relevant sector indices all fell back in an instant.

At the same time, the gains and buying of popular stocks that everyone has focused on, such as Gemdale Group, Huaxin Building Materials, Oriental Yuhong, Capital Group, Financial Street, Huaxin Cement, etc., have also declined at this moment. There are also other stocks that were relatively strong yesterday, especially small and medium-sized stocks that rebounded from oversold, such as Quantong Education, Guangdong Media, Anhua Software, etc., whose gains and buying have decreased even more exaggeratedly.

"Hey, there are so many people canceling their orders at 9:19." Zhao Zhiyuan, who was in the main hot money group of the 'Qilu Gang' at the moment, was surprised to notice that after the market trading time shifted to 9:20, the market's active buying orders decreased significantly, but the active selling orders increased a lot. "The trend of this call auction is generally not as expected. With so many people canceling their orders, even if the market opens high, it may be difficult to sustain."

"There are indeed quite a few orders cancelled," Zhang Wei responded. "Looking at the situation, the market will not open too high, and the selling pressure from profit-taking is still very high. I feel that today's market trend will tend to be cautious."

"Yeah, that's what I think too." Liang Jiucheng said, "The over-consistency between sentiment and expectations will inevitably lead to a sharp increase in selling pressure in the market. This call auction trend is in line with expectations."

"It seems that there will only be selling points today, but no buying points." Zhao Zhiyuan said, "But this is also good. With the divergence in advance and the post-market profit-taking selling, it is very likely that the follow-up will be good. If the call auction trend is too consistent, the high opening amplitude is too large, forming a shrinking trend, and then once funds start to concentrate on dumping the market during the trading session, it will be difficult to follow up. So... although the call auction trend is slightly below expectations, it is hard to say whether it is good or bad for the overall trend."

"It is highly likely that the market will open high and close low," Zhang Wei said. "As for whether a consistent long position can be formed after the divergence at the beginning of the session and the index falls back, it depends on the specific long positions during the session."

"This trend... After the call auction ends, you can sell some of your positions at the beginning of the trading day," Liang Jiucheng said, "and then buy them back at a loss during the trading day."

"Yes, that can indeed be done." Zhao Zhiyuan nodded.

Following a brief exchange among the three people, the market's trading time soon came to 9:25.

After ten minutes of call auction...

In the final market situation of the two markets, the Shanghai Composite Index opened higher at an increase of 0.63%, while the Shenzhen Composite Index and the ChiNext Index generally opened higher at an increase of 0.85%.

Specific market main line performance.

In the main area of ​​'big infrastructure', the real estate sector opened 1.21% higher, leading the rise of a number of related industry sectors of the 'big infrastructure' main line.

Other sectors include building decoration, building materials, nonferrous metals, steel and coal.

They generally opened higher with an increase of 1%.

Other main market sectors, including consumer electronics, security lenses, and petrochemicals, generally opened higher at around 0.90%. The film and television media, Internet software, electronic information and other sector indexes opened higher with increases basically similar to the Shenzhen Index and the ChiNext Index. As for some main sector sectors with less market attention, their opening increases generally lagged behind the index performance.

The hot stocks in the two cities are the focus of countless investors in the market.

Especially in the main field of "big infrastructure", "Fuxing Road" continues to increase its holdings in several stocks.

'Oriental Yuhong' opened 4.78% higher, 'Gemdale Group' and 'Huaxin Building Materials' opened 6.29% and 7.11% higher respectively. Compared with the strength of the high opening of 'Oriental Yuhong' yesterday, the two checks of 'Fuxing Road''s increased holdings yesterday were obviously somewhat lower than market expectations.

"There's obviously something wrong with this check from 'Dongfang Yuhong', right?"

Noting the opening situation of the two markets, countless retail investors gathered on the online stock investment discussion platform at this time couldn't help but complain.

"The index's high opening is not a big deal, but the core popular stocks... are indeed a bit problematic."

"Logically speaking, even if Oriental Yuhong's stock price cannot continue to rise by the daily limit today, it should at least rise by 7 or 8 points."

"That's right. It's not just Oriental Yuhong that opened slightly below expectations. Gemdale Group and Huaxin Building Materials also opened a little below expectations. If several core popular leading stocks didn't open strongly enough, I'm afraid it will be even harder for other stocks to perform strongly, right?"

"During the entire call auction process, the large order of 'Oriental Yuhong' sold more than 1700 million."

"It seems that the profit-taking orders that entered earlier will be shipped out today."

"It has hit the daily limit for two consecutive days, and this is a big stock with a market value of over 200 billion. There is no reason for the profit-taking investors who got in early to not stop taking profits."

"I don't think it matters. As long as Mr. Su keeps locking up his position in Fuxing Road, the market will definitely continue to rise."

"Do you still hope for a flat opening? With such a large market, you can't go far if you eat alone. I think the current opening situation is good. It is good to let the undecided funds sell. In this way, after the intraday rise, there will be no big funds to dump the market."

"Yes, isn't it good to change hands? The opening of the Oriental Yuhong stock today should be within expectations, right? This is not a bull market, so don't set your expectations too high. Anyway, I will definitely buy at this price. In this round of "big infrastructure" main line market, Oriental Yuhong stock is obviously the leader."

"I agree. I think this opening situation is pretty good."

"Gemdale Group and Huaxin Building Materials are two industry leaders with such large market caps that they simply don't have the gene to rise to the daily limit. Now they can open 6 or 7 points higher, which has already demonstrated Mr. Su's ability to command a premium for his Fuxing Road seat. With this trend... those who are still saying that it is not as expected are definitely rookies who don't understand market trends."

"Okay, okay, okay... We are rookies, so you buy more."

"I think we need to take a longer-term view. As for the 'big infrastructure' line... I can say with certainty that the market trend is definitely not over."

"This is just the beginning. It's definitely not the end."

"The key is that there are no previous low-level chips. If you intervene now, you can't withstand a slight correction."

"If there is a pullback, just add to your position. At this position, you really can't just buy all in with one click without thinking."

"Let's see how the market performs after the opening. This call auction can be good or bad, but the index performance is OK, and the overall volume of the call auction is also OK."

"The divergence came ahead of schedule, and after the opening, the market trend will definitely fluctuate upward."

"I hope so. I have a heavy position!"

"Don't worry too much about this position. Yesterday's long positive line with large volume means there will definitely be a lot of buying funds today."

"Just wait and see. The price of this Dongfang Yuhong stock will definitely reach the daily limit after the market opens."

"Based on the market's call auction trends and the popularity of individual stocks, there is no doubt that the core theme of the market is still focused on the 'big infrastructure' theme."

"That's true. I don't think it's too high, but it's a good buying point."

During the brief five-minute trading halt from 9:25 to 9:30, news continued to be updated on major stock investment discussion platforms.

Compared with before the market opened, there are slight differences in the bullish and bearish views of retail investors.

But overall, bulls still constitute the main force, and bullish remarks and opinions also dominate the mainstream.

Soon afterwards, under everyone's attention...

At 9:30, the two markets once again ushered in the formal continuous bidding trading period.

The market just started to move, and after a brief five-minute emotional brewing, the bulls and bears in the market made their choices in an instant.

There are many stocks in the market, especially a number of popular core stocks in the main field of "big infrastructure".

The trading volume on the market suddenly increased rapidly.

Among them, the three stocks of Oriental Yuhong, Gemdale Group and Huaxin Building Materials had a transaction amount of over 100 million in less than half a minute.

There are a lot of sellers, but there are also a lot of buyers.

The divergence on the market increased greatly, but the stock prices of several stocks were able to temporarily hold up amid the rapidly expanding divergence in volume.

Instead of shrinking rapidly, the increase in its share price continued to surge upward. Among them, the two stocks, 'Golden Land Group' and 'Huaxin Building Materials', almost reached their daily limit at the moment of official opening.