Gem: Shock Game Enters Key Cycle

On Tuesday, the Shanghai Shanghai A share market showed a trend of increasing volatility, and from the market that the main board can receive a red look, the strong index of the gem has played a certain role. But behind the gem index track, in fact, it is not the case at present. Its hard pull plate, especially the deviation from the technical indicators, shows that the gem will enter the key cycle with the big game of the small belt.

We can see that the Shanghai and Shenzhen A shares were less affected by the central bank's dual stimulus on Monday. The track pattern of the Shanghai and Shenzhen board was respectively a Yin star and a solid Yin line on the same day, while the main board index rose slightly on Tuesday, but its total volume seemed to be difficult to magnify.

From today's fundamental perspective, it is mainly focused on:

1, according to the National Bureau of statistics, in 1-9 months, the total profit of Industrial Enterprises above Designated Size reached 4 trillion and 303 billion 240 million yuan, down 1.7% compared with the same period last year, a decrease of 0.2 percentage points over that of 1-8 months. In 1-9, in the industrial enterprises above Designated Size, the total profits of state holding enterprises amounted to 833 billion 960 million yuan, down 24.4% from the same period last year; the total profit of collective enterprises reached 34 billion 420 million yuan, a decrease of 1.5%; the total profit of the joint-stock enterprises reached 2 trillion and 885 billion 80 million yuan, a decrease of 1.1%; the total profits of foreign invested enterprises and Hong Kong, Macao and Taiwan invested enterprises reached 10684 billion yuan, increasing by 0.2%; and the total profit of private enterprises was 1 trillion and 529 billion 770 million yuan, an increase of 7.1%.

2, Li Zhong, spokesman of the Ministry of human resources and social affairs, said on the morning of 27, the Ministry of human resources and social affairs will start the implementation of the basic pension insurance fund investment and operation in 2016. At present, the Ministry is entrusted with the Ministry of finance to collect and allocate investment funds.

3, according to the information of the China Securities Network, the Ministry of industry and Commerce recently issued a number of policies to promote the development of intelligent manufacturing. The guidelines for the construction of national intelligent manufacturing standards system (2015 Edition), which is formulated by the Ministry of industry and the State Administration of standardization, is also being consulted.

For the world's major capital markets, under this high valuation background Investment We need to be vigilant. On Tuesday, the technical indicators of the gem index deviate from each other, despite the fact that they have closed the line, but there are indications that the main game is to enter the key period with the big game of small bands, and we suggest that the strategy should be prudent.

Research finds that Gem The key to leading the market in the current round of rebounding is that in October 20th, the gem index made up all the gap between the August gap day and the weekly line level, which was significantly stronger than that of the Shenzhen stock board. However, after tracking the gem index, we saw a dangerous signal today, although its K-line was closed. Judging from its trajectory, the gem's concussion rose and hit a new high on the same day, but RSI, KDJ, ASI, OBV and other technical indicators could not keep up with the high innovation, and the amount of energy was slightly shrunk, indicating that its short-term top deviated from the signal.

The author believes that the overall valuation of gem is now pushing 100 times. P / E ratio It's hard to say what opportunities it has. From the current main board market in Shenzhen and Shanghai, under the stimulation of the central bank's Lido, it is still unable to fill the gap of the week and the daily line in August this year, showing that the risk of market uncertainty evolution is greater. There are indications that the gem formed by the market will enter the key cycle with the technical renovation game of small and large technology.