Two Thoughts On May A Share Concentration And June Trend

Although there was still the last trading day of 31 in May, it had little effect on the overall trend in May, so it is time to concentrate on inventory before the holidays, so as to make a good trading plan for June.

Under the stimulus of Thursday's big bang, the performance of theme stocks began to be active.

Such as new Hongze, Shou Xian Valley, major shareholder holdings such as entrepreneurship information has been trading.

However, most of them belong to the stock market, and the plate effect is not too strong.

The most dazzling theme is still Xiong an, the periphery is close and the stock price is relatively low. The target continues to be well received by the fund. The Hualian comprehensive supermarket, Donghua science and technology, the dawn of Zhongke and so on have been on the market, and the target of the early sign has continued to down, and the difficulty of the game has further increased.

As a new "experimental field" for deepening economic reform in China, Xiong an will not only gain a policy tilt in the system, but also will take the lead in promoting the application of this new land in the future. The strategic level determines that this theme still has broad speculation space. Therefore, the theme investment opportunity of the market in June is still inseparable from Xiong an, but investors need to dig deeper into the two major ideas combined with the subdivision area and the stock price has not been fully demonstrated.

First, let's talk about the negative side. The monthly line is three consecutive Yin, the market is still not getting rid of the shrinking weak pattern; and the good side is that Zhou Ke line continued to pick up Yang this week after the end of five consecutive days.

To be more specific, the structural differentiation of the market is even more prominent: some of the powerful stocks of the Xiong an concept, which are well received by the fund, and a handful of the Shanghai Stock Exchange 50 stocks headed by finance have set a new record.

In successive two months, the concussion continued to decline, and over 20% was the norm.

This naturally leads to such a series of questions: why does the market recently pick up the "blue chip whirlwind"?

Where is the bottom?

We will have a big rally on Thursday and the game between China and the United States. Some friends of the stock market may sniff at it and feel a bit "conspiracy theory". Otherwise, the underlying reasons behind the subsequent moves in the stock market and foreign exchange market on Thursday are obviously not limited to the reasons on the disk. Some big events with international influence will obviously have a huge impact on the market trend in the near future.

This explains the strength of the blue chip in recent years. The national team is only on the one hand. The more important reason is that the A shares will come back to MSCI next month, and the blue chips will bear the brunt of it. That's why there is a continuous rush of funds in the near future, which is a major inducement of A shares and may last until the early June.

In the past, the market believed in "putting the weight on the stage and singing the theme", that is to say, the breakthrough is based on weight, but the effect of money making and popularity are taken by the theme stocks.

But contrary to expectations, from the trend, the gem has been weak in recent years, "overfall" has a share, "rebound" has yet to appear.

What is the crux of the problem? Actually, the problem is that although the gem has fallen so much, the overall valuation level is still expensive.

In particular, the massive listing of new shares will not only result in a diversion of pools of funds that have dried up in the field, but also exacerbate the bubble and kill valuations of small and medium-sized stocks that are significantly higher in valuations under the effect of price parity.

As long as the speed of new issue is not changed, the long-term valuation center of gem continues to move down. It is still a big probability event, so the trend of gem is still not optimistic in June.

In the short term, on Thursday, the 50 increase in Shanghai's Shanghai stock market has passed the 3000 point of the market, which is a clear signal for the regulators to tolerate the bottom line. Therefore, the killing space in the recent market is limited. As to whether it can go further, the volume has already given the answer.

After the passive withdrawal of the funds from the stock market under the financial leverage, the market will maintain the state of the stock game for a long time, so the rebound will not happen overnight. We still maintain the same view on Thursday: 3140 points in the short term, and the overall maintenance of structural differentiation will also be the theme of next month.

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