Rebirth of the Capital Legend

"But looking at the daily limit orders of the two stocks, they are still maintained at more than 20 lots, and there has been no large-scale selling since the afternoon opening." Zhao Zhiyuan responded, "This should indicate that after the turnover in the early trading stage, the current chip structure in the market is still relatively stable, right? Moreover, the short-term profit orders of these two checks have been almost digested when there was a sharp turnover in the early trading. The current selling pressure on the market should not be large, not to mention... the sentiment of the 'emerging industrial chain' line at the moment, as well as the performance of other related concept stocks, although the divergence between longs and shorts seems to be increasing, there are currently no other hot spots emerging to divert the short-term active capital groups in the main field of the 'emerging industrial chain'.

As long as no other new hot spots emerge to divert the short-term active capital groups in the market.

I think that the many short-term active capital groups currently deposited in the main line of the "emerging industrial chain", especially in the three sectors of film and television media, Internet software, and Internet applications, as well as the large number of short-term profit-taking funds, will most likely continue to wait and see.

After all, the selling points of these major sectors are not clear at the moment.

There was no buying order to follow up on the market, and the market was completely unable to sustain itself, so the selling orders rushed to sell off.

Furthermore, even in the closing stage, the internal divergence between bulls and bears in the main areas of the "emerging industrial chain", such as film and television media, Internet software, and Internet applications, further intensified.

Then, the stocks that will be the first to be hit by the concentrated sell-off of profit-taking funds in the market will be the ones that are most likely to be affected.

It should also be a non-popular leading stock with average market recognition, average attention from the majority of retail investors, and relatively small potential buying power.

Such core popular leading stocks as 'Huawen Online', 'Huawen Media', 'LeTV', 'Huace Film and Television', 'Quantong Education', 'Netspeed Technology', 'Ren Zixing', etc., have a strong retail investor follow-up effect and extremely high market investor attention.

Even if there is a divergence between the bulls and bears on the market, it should be the last to collapse.

In other words, no matter how you look at it, the holding tolerance rate of these core popular leading stocks is always much higher than that of other non-popular stocks.

So, I think we don’t need to be too anxious at this time.

There is no need to push down the price too much to sell for profit.

You can still wait and see the market trends in the last hour and the direction of the major hot sectors in the market before deciding on the trading results.

In terms of the current market attention and discussion heat for these checks.

There is no lack of liquidity on the market. As long as you want to sell, you should be able to sell it at any time.

Of course, if in the closing stage, there is a main fund taking the lead in the market to hype up a new core hotspot of the market, and this new core hotspot is recognized by a group of active short-term fund groups in the market, and a large number of retail investors in the market follow suit.

Then, when the market is active and liquidity is bound to be diverted.

It is estimated that the market trends of the major sectors in the main areas of the "emerging industrial chain", such as film and television media, Internet software, and Internet applications, will be more variable.

However, based on the current market news...

It seems that there is no way for a new market hotspot to emerge in such a short period of time and gain unanimous recognition from long funds in the market to form a synergy. "

"That's true." Zhang Wei nodded slightly and said, "As long as no new market hotspots emerge to divert the funds currently concentrated in the main field of 'emerging industrial chains' for speculation, then, under the current market volume, the 'emerging industrial chains' line may continue to stabilize.

The emergence of new market hotspots often requires stimulation from many conditions and factors.

As of now...

In terms of market news, most of the news is old news, and there is no useful information that can form a core hot spot in the new news.

There are actually quite a few news about "rural revitalization" and "new rural construction", but this line inherently lacks stories to tell, is not easy to resonate with short-term capital groups in the market, and is difficult to form a large-scale hype effect. At the same time, the scale of the two major industry sectors of agriculture and animal husbandry is relatively small.

Even if the indexes of these two major industry sectors are pulled to soar, they will not be able to accommodate the intervention of too many capital groups.

Therefore, for the main capital groups in the market, the cost-effectiveness of speculating on these two lines is not high.

What's more, apart from strong policy support, this line's industry fundamentals and future performance explosion expectations are still in a situation of low certainty.

In general, the probability of funds guiding this line out is low.

Instead of focusing on hyping this line, it would be better to dig deeper into other conceptual sectors and tell some new stories within the main area of ​​'emerging industrial chains'.

And if the new popular main line can't come out...

A large number of short-term profit-making funds gathered in the "emerging industrial chain" line want to lock in profits and transfer their positions to other main areas.

I'm afraid we have to re-examine the core themes of the past that have been logically verified.

For example, the liquor, white goods, medicine, consumption, electricity, and financial sectors in the main board direction, or the real estate, building decoration, building materials, nonferrous metals, steel, coal and other sectors in the main line of "big infrastructure".

However, at present, these main sectors seem to still lack some time and space for adjustment.

Take the line of "big infrastructure" for example...

As the core leading stock in the sector, Oriental Yuhong has a clear divergence between the long and short positions, and insufficient room for stock price adjustment. For some funds that want to enter the market to take on long positions, the potential downside is not cost-effective compared with the upside.

Since the cost-effectiveness is not high, it is basically difficult to get these funds to take over.

Similarly, the major sectors such as liquor, white goods, medicine, consumption, electricity, and finance also have these factors that restrict the upward trend of the market, which are the main line of "big infrastructure".

In general……

Currently, these weighted sectors are compared with the concept sectors and industry sectors in the "emerging industrial chain" line.

It does not have a very high cost-effectiveness and profit-loss ratio, and its appeal to a large number of short-term capital groups in the market is relatively average.

Otherwise, these weighted main-line sectors would not maintain a shrinking trend throughout the day.

Not to mention that its market trend is even weaker than the 'emerging industrial chain' line in performance.

Since among the several main lines of the market, compared with the 'emerging industrial chain' line, the other main lines have even less cost-effectiveness for speculation, then the short-term active funds in the market will most likely not be concentrated in these main areas at the current stage of the market trend.

Therefore, based on a comprehensive analysis...I think that in the main area of ​​'emerging industrial chains', due to the recent accumulation of short-term profit-taking, the divergence between bulls and bears in the trend will indeed intensify.

But I think the main investment trend is unlikely to shift again.

I think the most likely market change in the coming market trend is that a large number of active capital flows will still be concentrated in the main field of 'emerging industrial chains', which will then horizontally explore the concept speculation opportunities in the main field of 'emerging industrial chains', as well as concentrate on other concept stocks that have not risen much and are still in an oversold state.

In general, the market will most likely ferment deeply in the main area of ​​'emerging industrial chains'.

After all, sectors like the 'new energy industry chain' and its corresponding concept stocks, which were once the focus of funds, and the 'consumer electronics' sector in the 'smartphone industry chain' and its corresponding concept stocks, are still in very low positions.

And the 'consumer electronics' sector.

It is solid and has strong expectations to support it.

After Apple’s new product launch last year, Apple’s new phone sales in the past year were slightly lower than many institutions expected.

This year, according to some of the press conference news that has been leaked.

I feel that this year's Apple new product launch conference is still worth looking forward to.

And it is highly likely that as Apple's sales last year were slightly below expectations, it will focus on creating new products this year, adding some new technologies, or bringing some new things to make consumers more eager to consume.

As long as this year's Apple new product launch conference can exceed expectations.

So, as the direct beneficiaries of the Apple industry chain, I think it is worth investing in advance, and I also believe that many smart funds in the market will not ignore this relatively certain expectation. "

"Well, what Lao Zhang said makes sense." After listening to Zhang Wei's analysis, Zhao Zhiyuan pondered it carefully for a while, smiled and nodded, "I also think that the main line of 'emerging industrial chain' has not ended at this point in this round of rebound cycle. At the same time, the overall trend of the market should also develop in the direction of technology.

In the entire 'emerging industrial chain' main line...

The two major branches, 'Apple industry chain' and 'new energy industry chain', are indeed quite good.

Especially for stocks related to the "Apple industry chain", judging from the K-line trend and the current valuation, they are indeed not high, and there are signs that the bottom is gradually rising and moving from the left to the right. It feels that the core stocks of this line have not yet reached the state of accelerated rebound, and can be used as the priority target for building positions in the market at this moment."

"The 'Apple industry chain' branch line does have relatively clear expectations." Liang Jiucheng interrupted the two people's discussion and said, "But because this line has always had certain fundamentals and expectations to support it, its internal chip structure has never been truly clear.

Among the popular stocks in the entire 'Apple industry chain' branch field.

Currently lurking, there are some speculative hot money, a large amount of institutional funds, and a group of retail investors who follow the trend.

Institutions, hot money, and retail investors all realize that this branch line is ripe for speculation, and they are all lurking. This means that at the current position, the stocks in the 'Apple industry chain' have more hidden orders than expected, and this sedan is also heavier than expected.

So many hidden plates, such a heavy sedan.

If the price continues to go up, the amount of funds needed to actively take over the buying orders will probably be quite large, right?
However, what the current market lacks most is proactive incremental buying funds. Everyone wants to ride on the sedan, but often no one is willing to carry it.

Just like the banking sector right now…

Due to the continuous increase in performance, is the banking sector currently undervalued?
From a valuation perspective, the valuation of the entire banking sector is still underestimated. However, because there are too many potential capital groups in this sector and the amount of incremental buying funds required is too much, the stock price cannot rise and has begun to continue to shrink and go sideways.

The same logic applies to the current "Apple concept" corresponding stocks.

Also, if the 'Apple concept' line is really strong and the market expectations are so consistent, its trend in recent days would not have been weaker than the three core sectors of film and television media, Internet software, and Internet applications. So... as for the expectations for this branch line, I personally think that we should not have too high expectations.

As for the branch line of 'new energy industry chain'...

After almost two months of continuous adjustments and Huayi Capital's large-scale withdrawal from this line.

Amid ongoing rumors of "subsidy reduction".

The adjustment space and time of this line are indeed relatively sufficient, and there was not much increase in this round of rebound. Logically speaking, there is still room for catch-up growth.

However, the expected "subsidy reduction" will not be realized until the end of the year.

In other words, this potential negative factor will have to be suppressed until the end of the year before it will loosen and the expected reversal will be possible.

Now, based on fundamental expectations, there won’t be too many reversal features.

And since the entire branch line is under continuous suppression by potential negative factors, before this negative factor comes into effect, the funds in the market that were originally optimistic about this branch line and intended to speculate on this branch line will naturally be hesitant when making decisions on the corresponding stocks of this branch line.

At the same time, due to this potential negative pressure.

It will also inhibit the enthusiasm of funds to continue to take over at high levels.

In general, I think that in the future, when there will be divergence between bulls and bears in the major sectors of 'film and television media', 'Internet software', and 'Internet applications', and when the trend begins to dive, the two major branches of 'new energy industry chain' and 'smartphone industry chain' will most likely not have independent market performance.

To be honest, I wonder how the trend will develop at the end of today's trading.

I'm really not sure at this moment.

But I feel that the recognition of the "big infrastructure" line by the funds in the market is still significantly higher than that of other main lines. Moreover, in the Hong Kong stock market today, domestic real estate stocks and a number of construction stocks have risen very well, which may have a relative driving effect on the A-share market. "

I heard Liang Jiuchen mentioned the trend of the Hong Kong stock market.

Zhang Wei and Zhao Zhiyuan turned their eyes and instantly stared at the Hong Kong stock market which was also in fierce trading.

As expected, in the Hong Kong stock market, a number of domestic real estate stocks and corresponding real estate industry chain stocks are indeed much stronger than similar stocks in the A-share market. Moreover, unknowingly, the premium effect of the price difference between the two places has been expanded by the check of Conch Cement, which is the core weight leading stock of the main line of "big infrastructure". (End of this chapter)