legendary trader

Chapter 666

Chen Fan and Zheng Xiaopang went out to smoke a cigarette, and then went to the futures trading team.

"There are already 17 lots of orders? The total open interest in the market is still growing?"

Chen Fan looked at the latest position data and asked.

"The total open interest has exceeded 3 million lots, and it has continued to grow recently. According to the current situation, the total open interest will not be less than 12 million by the delivery period in December. In addition, it is worth paying attention to the March contract. The trading volume It has also become active, it seems that there are funds operating in it, and the premium is also very strong, and now the point once broke through the 5-point mark.”

Ning Yongyou said that the recent index market is uncharacteristically, the trading volume is significantly higher than that of previous years, and the month-to-month increase is also large. The trading volume in less than a month is close to the entire trading volume of the September contract.

Zheng Xiaopang is staring at the trend of the Nasdaq futures at the moment, his eyes are rolling around, and he doesn't know what he is thinking.

"Okay, you can continue to open positions based on the total position in the future. In addition, you can open up the March contract appropriately and increase the position with a large amount of money. Just pay attention to the dispersion of positions and don't expose them."

Chen Fan stared at the computer screen and said, "The June contract is still closed for the time being. I will remind you when to open a position."

After Chen Fan finished adding, he sat in the futures trading room for a while before getting up and leaving here with Zheng Xiaopang.

"The sudden increase in the trading volume of futures is consistent with your guess that the dealer will definitely increase his futures position if he wants to make a move. Do you think the dealer is going to start the market?"

After going out, Zheng Xiaopang whispered to Chen Fan.

"I hope so. It seems that everything is in line with my ideas now, but it still needs to be observed. The current position is still too small. If I were that kind of fund, I would have to open at least 5 million lots."

Chen Fan smiled and said, now he is more stable in his heart. He was tempered by the market in the first half of the year, and his frizzy temper has been tempered a lot, and he is no longer so impatient, but now the market seems to be really developing in a good direction , maybe as I guessed, from the end of the year to the beginning of next year, the expected market is about to explode. Although it is a year late, it is finally, and I may be waiting for it.

The two went back to the trading room and sat down to check the latest market conditions. Qualcomm's stock price was on the rise, and it had rebounded to 23.91 yuan at the moment, and the momentum continued. 24 yuan should be broken soon, but I don't know if it will How many pending orders are there on it.

Chen Fan just sat quietly, waiting for the 24-meter order to appear.

Soon, after a few buy orders were swept away, the 24 yuan mark appeared on the market interface, and 31 shares were sold, which is not a lot. Look at the lowest intraday price of 23.62 yuan. The current price of the 60-day line is 23.61 yuan, almost It is a rebound that spreads along the line.

Now Qualcomm's 60-day line is still maintaining an upward trend, and the 30-day line has shown signs of hooking up. However, as long as the stock price rebounds, it is only a matter of time before the 30-day line rises again. As for the short-term moving average, it is even less interesting. The 5-day and 10-day antennas have already seen a dead cross, and the 5-day antenna crosses the 10-day antenna, but this is not important.

Looking at other markets, the stock price of Oracle Software is still oscillating around 10.7 yuan, which means it wants to build a bottom, but there is no strong buying in the market, and the trend of consolidation at a low level in a short period of time should not be broken.

The trend of the Nasdaq index is not too strong, it has fallen below 2650 points, and now the latest point is 2647 points. Thinking about the 3 points of the Nasdaq futures contract in March next year, the difference has exceeded 2997 points, and the premium has exceeded 3% is totally not what a normal trend should be.

Zheng Xiaopang looked at the trend of Oracle software with a frown, and then turned his attention to Qualcomm, "I said, do you want to do it again, let's praise Qualcomm again, this stock is not stable now."

Chen Fan knew that Zheng Xiaopang wanted to use the protection of Qualcomm to raise Oracle's share price, but right now, he can't do that for the time being. Today's job is to take back Qualcomm's bargaining chips at a low level. A lot has been released in a few days. At this moment, the mentality of investors holding shares is unstable, which is an opportunity to collect chips.

Shaking his head, "Don't be too ostentatious today, just wait a little longer."

Just when Qualcomm's stock price was approaching 24 yuan, and it was about to sweep away the selling orders and rush up, Chen Fan suddenly changed his mind, "Let's trade for a while, pull back, and see if 24 yuan can wash out more chips."

He Li was used to Chen Fan's sudden change of mind, so he didn't say anything. Although the buying market in Qualcomm was still strong, there was a change that investors didn't notice, and the momentum for the stock price to rise began to disappear. Now, the buying orders are strong, and the selling orders have also begun to enter the market here to suppress, and the trading volume has begun to increase again.

Qualcomm's stock price continued to adjust below 24 yuan. The rice stock market began to show signs of bottoming out after several consecutive days of decline. After the Nasdaq fell below 2640 points, the trading volume shrank significantly. , just because the market has not formed a rebound situation for the time being, so no buy orders have been seen for a long time.

The index is consolidating at a low level, at least it seems to be temporarily stabilized. The stock price of Oracle Software is also one of the focus of Chen Fan's attention. After all, it is the second largest stock. It fell below 10.7 meters, and the lowest once touched 10.67 meters After that, the stock price gradually began to strengthen, and it already meant to leave the bottom area. The only thing missing now is that the trading volume has not been effectively enlarged. Although there is a slight increase at the moment, it is mainly to stabilize the stock price.

Afterwards, the market passed in a dull state, but after Qualcomm consolidated for a period of time below 24 meters, Chen Fan still asked He Li to pull up the stock price, but then asked to gradually lower the stock price. In this way, Qualcomm's stock price began to trade at 23.9 Between the meter yuan and 24.05 yuan, it fluctuated repeatedly.

Whenever the stock price is about to stabilize and go up, Chen Fan will often ask for a smash, and Qualcomm's stock price will drop rapidly, and occasionally even fall below 23.9 yuan. It looks like it is about to challenge the 60-day line again. After all, Qualcomm's stock price is now running below the short-to-medium-term moving average such as the 30-day line, and it is not impossible to break the position and fall again.

When the time came to the early hours of the morning, and the trading hours of rice stocks entered the second half, Chen Fan felt a little tired.

A few days ago, I worked and rested on time at home. After I came here today, I stayed up all night. I couldn’t get used to it for a short time, but Chen Fan knew that it would be good to get through this period, and this situation would not happen in the next two days.

This is the trouble with trading rice stocks. The work and rest time is completely reversed. Doing this for a long time is actually not good for the body.

After finishing the rice stocks, I need to take a good rest. It is better not to touch them in the future, and then turn my attention to the European market, where there is no such trouble as rice stocks, and I have to stay up late.

(End of this chapter)