Market Adjustment Time Will Be Extended: Shanghai And Shenzhen Two Stock Index Continue To Shock Adjustment Trend

The disk shows that the recent hot stocks such as Beidou Xing Tong, 100 round pants industry, Ningbo thermal power, Songliao automobile and other other hot spots soon dropped more than 5% after the opening, and many closed down with the limit. The sharp fall in hot spots and stocks has obviously frustrated the popularity of the market, and more and more stocks have joined the decline. At the close, the two cities fell to 1600 stocks, and 6 stocks were down, 54 stocks fell more than 5%, and only 632 stocks rose.

Shanghai and Shenzhen equity market The recent adjustment is mainly due to the downturn in economic data and the dual role of short-term capital tightening. Recent economic data show that both the industrial added value and the growth rate of enterprise power generation have all come down, and the PMI index is much lower than expected. From the perspective of funds, 8 new shares were purchased this week, and nearly 900 billion yuan was frozen. In addition, with the end of the month, short-term funds became more intense. The interest rate of the reverse repurchase rate of the Treasury bonds on the 7 day of Thursday is generally soaring, which fully reflects the tense situation of short-term funds. In addition, the market value of the lifting of the ban in September will reach an annual peak, the highest level since August 2013. These negative factors directly suppress the enthusiasm of the market, and the callback of the market is also reasonable.

　　 However At present, the trend of mid market rise has not been destroyed. First of all, the China news is about to be disclosed. Macroeconomic data will also enter a short window period. Directional stimulus will continue, and short-term economic growth will still have support. Secondly, in order to stabilize the huge fluctuation of funds caused by the centralized purchase of new shares, the Central Bank of the central bank Tuesday reduced the size of the open market repurchase, and only withdrew 10 billion yuan of funds to maintain the lowest scale since the current round of repurchase. Third, the rebound since July, the obvious effect of money making in the market, and the continuous increase of incremental capital into the market. In July, the margin of the securities market was totally transferred to 123 billion yuan, and the balance of trading settlement funds remained for more than 800 billion yuan in two weeks. The close proximity of Shanghai and Hong Kong will also inject new vitality into the market and help boost market confidence. Therefore, the medium-term trend of the A share market is still worth looking at.

Short term technology faces great pressure. The Shanghai Composite Index closed below the 2200 point integer pass, the KDJ three line was diverging, the MACD green column continued to lengthen, and the 5, 10, and 20 day moving average fell off one after another, which were not conducive to multi-party operation, indicating that short-term adjustment will continue and the adjustment time will also take place. extend 。 At the same time, 30, 60, 120 and other medium and long term average line is a long divergence state, the 30 day moving average will support the stock index near the 2190 point, and the low back point 2180 points will also be an important supporting position. Overall, after the callback reaches 2200 points, the market will enter the concussion stage in the short term, and the core shock interval will be 2180-2220.