Stock Market: Three Factors Or A Rebound

On Monday, the US stock market fell sharply, the Dow fell 1.92%, the S & P 500 fell 2.57%, and the Nasr was down 3.04% three years for the first time, and the biotechnology stock fell.

The market is still worried about the emerging economy and global growth prospects.

In the European market, the pan European blue chip 50 index fell 2.32%, at 3041 points, the German DAX index fell 2.1%, reported 9485.30 points, the French CAC40 index fell 2.68%, reported 4360.50 points, the British FTSE 100 index fell 2.50%, reported 5956 points.

Commodity groups are weakening.

The weakness of the peripheral market or making the main funds of A shares become more prudent.

Shanghai and Shenzhen two cities yesterday reproduced differentiation trend, in the situation of substantial shrinkage, the gem represented by the theme stocks rose more than 5%, 2100 strong points and crossed the 30 day moving average.

and

In the early days, the market quickly dropped, but driven by the earning effect of the theme stocks, the 3100 successful trading stations rose.

On the disk, the concept of second child, network security, big data, football and so on.

Today, the market is more likely to maintain a trend of turbulence. Investors can continue to guerrilla warfare mode to grab red packets.

Yesterday,

Further tracing to the source, there has been a "gray area" for a long time in the market before cleaning up.

The non standard trust business and the third party system of access broker are also being cleaned up.

Regulators hope to see the trend of the market through data. The real name system of securities accounts involving the future market participants, including the external access system, will be strictly enforced.

Comments: the allocation of funds has been nearing the end of the liquidation, the allocation of capital clearance is also coming to an end.

However, the real name system of securities accounts will be strictly enforced in the future. The off site funds will be suppressed or A shares will not be able to launch a large-scale rebound in the short term.

At present, the A share market is still in a weak rebound pattern.

The game directs the colorful stock market.

Due to the widespread existence of prudent sentiment, the game of money in the field, the uncertainty of the National Day holiday and the uncertainty of the three factors, the index is hard to keep up, and the surging market of yesterday's GEM has accumulated a lot of short-term profits. Today's sell-off should not be underestimated.

Operation, it is still recommended to control the location of the premise of the strong selection of small cap stocks, and focus on preventing the risk of heavyweight falling.

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The market was narrow and volatile, and small and medium-sized enterprises rebounded.

Last week, the A share market continued to maintain a narrow oscillation pattern. The Shanghai composite index was the highest 3213 points, the lowest 3061 points, the amplitude was only 4.93%, the lowest weekly amplitude since the stock market crash. It closed at 3092.35 points on Friday, a slight decrease of 0.18% a week.

Small and medium-sized shares are relatively better, and small and medium-sized board and gem are up 1.4% and 1.9% respectively in a week.

Look at the short-term fluctuations and dig out the value of stocks.

On the market outlook, we still believe that after the main index dropped by more than 45%, and the valuation of small and medium sized stocks basically returned to the average, the current market has entered the value investment range in the medium and long term, but the short-term irrational and partial negative market sentiment still needs to wait for the market to shake off.

At the moment, it is suggested that we should take stock of short-term fluctuations and dig deeper for value, looking for industries and companies whose growth logic has not been damaged and their performance is excellent, but we should avoid taking "grab the rebound" as a logic to intervene in stocks that are still high in valuation.