Taking The Slow Bull Rhythm Upward Is The Main Keynote Of The Post Market.

Yesterday was the closing battle of the A shares in January, and the two cities' stock index again showed a trend of sharp decline. Judging from the whole January stock market, the stock index showed a high volatility pattern.

The main reason for the brakes on the bull market since last December is the change of market funds. Recently, the CBRC has commissioned loans and tightened umbrella trusts, while the CSRC and the CIRC have rectified "two financing" to restrict the entry of leveraged funds into the market.

From these actions, we can see that the intention of regulators is already obvious, that is, we must support the slow rising of the fundamentals of the real economy through the slow atmosphere of the stock market, and guide the capital flow into the real economy.

From a technical analysis, the market in December of last year after a substantial rise, accumulated a lot of profit chips, index deviation rate is too large, the market itself needs to be amended.

In the context of regulatory deleveraging, market adjustment is normal.

For the trend of the future market, my view is that the short-term market will maintain the trend of concussion, and the medium term will continue to look good.

The deleveraging effect of the short-term regulatory authorities will also be fermented. The last batch of IPO will be released as scheduled before the Spring Festival. This will lead to continued pressure on the capital side, and then check the "two integration" of the securities dealers.

In the medium term, the basis of this round of market reform, such as state-owned enterprise reform and risk-free interest rate drop, has not changed, and the deleveraging of regulators has also been able to develop healthily in the future.

The highlight of the 2015 - the reform of state-owned enterprises and the registration system just started. These reforms need a prosperous stock market to support, and one of the factors that can prove that the reform is successful is the bull market of the stock market. Therefore, with the deepening of reform, the bull market will continue.

Entering the new normal, the stock market should have a new normal.

Recently, the "network economy" represented by finance and e-commerce has sprung up. The traditional economy began to do "subtraction" while the emerging industries did "add", and the quality of economic growth was significantly higher than in the past. These are the lasting driving force for the sustained and healthy development of China's economy in the future.

Therefore, we can say that the bull market pattern has not changed, and the shock adjustment is more likely to be ready.

So, I think next week.

Overall maintain the trend of shock finishing.

Since the intention of regulators is that the stock market is going up at a slower pace, then the opportunities for the earlier heavyweight stocks are relatively small. The opportunities for the post market will be reflected more in the reform of state-owned enterprises, the growth of annual reports and the consumption of new industries.

2015 is an important year for the reform of state-owned enterprises. From the state to local governments' actions, the reform of state-owned enterprises has accelerated signs. Shanghai, Guangdong and other countries have begun to intensify reform, and the general plan of state-owned enterprises reform at the national level is also expected to come out, so that the subject matter of state owned reform is a good opportunity to intervene in every callback.

The emerging industry is the hope of China's economic development in the future. The stocks that continue to rise in the sector will be sought after by the capital during the concussion.

In terms of operational strategy, investors should avoid heavy positions in market returns.

And once the market falls, a group of high-quality stocks will have a copy of the funds to intervene.

For those stocks that benefit from the reform, they are still expected to receive the attention of big funds.

Investors can focus on the white horse stocks that have broad prospects for growth and exceed the expected growth rate, especially the policy subject stocks such as stable growth expectations combined with policies.