Short Term Market Still Has Room For Reduction: Fell Below The 5 And 10 Day Moving Average.

　　 market Hot spots, the short line has the following main points: first, the cultural media plate. The recently issued guidance on promoting the integration and development of traditional media and new media has played a significant role in promoting the cultural media sector. In particular, stocks with relatively high degree of relevance to new media have received more market attention because of better performance growth expectations.

The two is sapphire stocks. According to authoritative media, Apple Corp will release iPhone6 in September 9th. Analysts believe that part of iPhone6 will use sapphire screen. With the news that Apple's new machine will soon be released, the trend of sapphire stocks has been very vigorous recently. The new application has opened up the growth space of related industries, and the short-term strength of sapphire stocks is expected to continue.

Three is Northeast Plate. Recently, the State Council's "opinions on recent major policy initiatives to support the revitalization of Northeast China" put forward to support the Northeast in the reform of state-owned enterprises, and vigorously develop the mixed ownership economy. Under the stimulation of the news, the Northeast plate was germinated, and after a marked rise, it was adjusted in the middle of last week. The Northeast plate has become a new member of the concept of state-owned enterprise reform, which has a strong upward impulse, which is very normal. However, reform has a long way to go, and most members of the Northeast plate have heavy historical burden and poor performance. It will take time to spanform the concept into substantial support.

There are two main supporting factors for the rise of the Shanghai and Shenzhen stock markets since late July: first, macroeconomic growth is stabilizing, and there are signs of recovery. Two, the relationship between supply and demand of the stock market has improved. Judging from the recent economic operation data released in August, the economic recovery logic of the stock index has weakened, but the supply and demand relationship between the stock market is still favorable for many parties. In terms of supply, although IPO will form a certain degree of financial pressure at specific time points, the overall capital side is still relatively loose. In terms of demand, the short run of the index has led to an increase in investment demand, and the downturn in the housing market has created conditions for new demand.

　　 This week On the two trading day, the Shanghai and Shenzhen stock index fell sharply and fell below the 5 and 10 day moving average respectively. Yesterday, the two cities index rebounded slightly, but turnover significantly shrunk, indicating that the market mentality is more cautious. The recent adjustment of the stock market is partly due to the launch of the new round of IPO, and on the other hand, due to the continuous rise of the market, leading to overbought technical indicators and the existence of internal consolidation requirements in the market. Short term, the Shanghai and Shenzhen stock index still has some inertia downward adjustment space, does not exclude the possibility of exploring the 30 day moving average. But in the medium term, the current strong market is not yet over. In terms of operation, we should consider the right amount of cash to increase the short line increase, the basic support of the weaker varieties, appropriately reduce the overall position, and patiently wait for the opportunity to repair.