Short Air Game Exacerbated By Slow Bull Market Will Become A New Feature Of A Shares

On Friday, the two cities fell sharply, compared with the index, the stocks were weaker, and nearly 70% stocks fell, especially in the GEM stocks.

The main reason for this pattern is still capital struggle between heavyweight stocks and small cap stocks.

Due to the poor macroeconomic data released on Tuesday, the market has been expecting the adjustment of the monetary policy on the weekend. Therefore, financial stocks represented by banks and insurance have risen sharply, driving the rally of heavyweight stocks, but on the other hand, they have diverted market funds, which is why the market responsiveness is not high at the same time when heavyweights are rising.

From this point of view, between the weight share and the small and medium stock

The seesaw role is still obvious. It is foreseeable that such a seesaw battle will continue for some time.

From this week, the two cities experienced a big shock. On Monday, the largest single day decline in the last 7 years on Monday, the Shanghai Shanghai Composite Index hit the largest single day increase in nearly 5 years.

Although the fall on Monday has a news effect, the sharp rise in weight sector over the past two months, especially the two melt, is also an important reason for adjustment.

Therefore, I think the heavyweight stock market has ended, then the heavyweights are facing the possibility of differentiation trend, relying solely on the so-called valuation repair.

Momentum will tend to weaken, and will turn to opportunities based on institutional innovation, such as the concept of "one belt, one free trade zone" and "mixed ownership reform".

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For example, the trend of differentiation has already started.

On the one hand, the pformation of China's economy needs the strength of small and medium-sized enterprises with technological innovation capability. On the other hand, after the past two years of speculation, the valuation of small cap stocks has reached a relatively high level.

Therefore, the author has always had a view: there is no need to expect too much of the extreme 28 market, nor do we need to be quick to conclude the pformation of style.

After the market has experienced a sharp rise and fall, the strength of the small and medium-sized shares will weaken, and the market will return to the judgement of the future value of individual stocks.

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On the last trading day of Japan's 23 week in January, the Shanghai and Shenzhen two cities quickly shot up after opening, but after the stock index broke through 3400 points, they sold vigorously, leading to a sharp fall.

The stock index rose only slightly, while the Shenzhen Component Index ended in a fall.

Referring to chow's trading system, Shanghai's K-day line continues to be red, showing that many forces continue to dominate.

In the case of stock index approaching 5 years high 3478 points, investors should choose light warehouse operation at present.

From the disk, the two industry sectors are mixed, of which banks, brokerages and other financial sectors are among the top gainers, while computers and other concepts are among the top ones.

In terms of stocks, there are about 40 stocks in two cities. Such market characteristics show that the money making effect of the market continues. It also shows that the capital's main force is determined to strike 5 points 3478 points higher.

Despite the recovery of the current market strength, there has been a pressure on the track of virtual channels. Two, even if the channel is broken through, the next 3478 points are expected to be under great pressure. In such a case, investors should focus on light storage operations.

Although the stock index is still in a good trend in the direction of big trend, but since the stock index has risen several times since its rise, it has hit the 30 day moving average this week, which is the largest number of previous fall.

In terms of technical form, this shows that the willingness to make profits is more intense.

Although "bull market is not the top", but in the Shanghai stock index K line continuous collection of the background, investors should still carry out the appropriate reduction operation.

For next week's operation, if the Shanghai index does not break the lows of this Monday, it can continue to hold the stock to see if the follow-up can effectively break through the 3478 point pressure.

If the stock index falls below the low point this Monday, investors should further reduce their positions or even wait for a clear look.