Rebirth of the Capital Legend

At the same time, in addition to the highly-watched major infrastructure main line and new energy industry chain main line, there are also several major market core main lines such as the smartphone industry chain main line.

Other main market areas...

For example, the main weighted sectors in the main board direction, such as liquor, white goods, medicine, consumption, electricity, finance and other sectors, as well as the main sectors of emerging industrial chains in the fields of film and television media, Internet software, and Internet applications, all generally show a corresponding slightly higher opening trend at this moment.

Overall, it was affected by the performance of U.S. stocks last night.

Most of the main market lines and related sectors in today's market showed a high opening trend.

A number of core market stocks, such as Oriental Yuhong, Huaxin Cement, Northern Xinjiang Communications Construction, Tianshan Cement, Sugon Shares, Ganfeng Lithium, Tianqi Lithium, Changying Precision, Lixun Precision, Goertek, O-Film Technology... and other leading stocks in various main lines, also generally showed a high opening trend.

Among them, there are three stocks: Sugon Shares, Beijiang Communications Construction, and Changying Precision.

It even directly showed a trend of a daily limit.

However, among the core leading stocks that generally opened higher, in the film and television media sector, the opening trends of Huawen Online and Huace Film & TV, which followed the trend and hit the daily limit yesterday, at the initial call auction were obviously lower than expected.

Both stocks opened slightly lower.

"Overall, the market's opening sentiment is still relatively strong." After noticing the opening situation of the initial call auctions in the two markets, Zhao Zhiyuan, a member of the current 'Qilu Gang' of major speculators, said, "Especially in the three main lines of the market: large-scale infrastructure, new energy industry chain, and smartphone industry chain. Sentiment is clearly stronger than everyone expected before the market opened. At the same time, the main heavyweight sectors are also performing relatively in line with expectations. The emerging industry chain is a little weaker. It feels... Judging from the market sentiment revealed in this initial call auction, today's market trend is likely to continue yesterday's trend and continue to attack upward. Moreover, it seems that the market divergence between the main lines of large-scale infrastructure and the new energy industry chain has not expanded on the basis of yesterday. In this respect, the trend of US stocks last night is still relatively important for today's market opening."

"I think the opening positions of the major themes of infrastructure, new energy industry chain, and smartphone industry chain are a bit too high," Zhang Wei said. "The core related industry sectors and concept sectors of these major themes basically opened higher by more than 1.5%. This high opening range is a bit too high. Moreover, the three leading concept stocks of the three core themes, Sugon Shares, Beijiang Communications Construction, and Changying Precision, all opened at the daily limit. I think... why is this? Sugon Shares opened high and continued to hit the daily limit due to the expected restructuring, which is understandable. But Beijiang Communications Construction should be more different, right? And Changying Precision, although its performance yesterday showed signs of being blocked, the timing of the daily limit was obviously late, and the strength of the limit was also weaker than that of several other stocks in the market. It really doesn't make sense for this stock to open at the daily limit.

Once the initial call auction trends of these core main lines and core leading stocks are too anticipated and open too high, then I think... under the current situation, the group of buying funds that can enter and take over later will probably not be particularly active.

After all, expectations were destroyed the moment the market opened.

Then, after the market actually opens, the group of buying funds will not be able to get the expected profit margin in the intraday trend.

If there is no expected profit margin within the day, then wait for the market to open for trading tomorrow.

If we want to see a general premium like today, other emotions and other news must be cooperated with.

This uncertainty is very large.

Therefore, under the condition of overly high market expectations, I think this will actually restrict the enthusiasm of the market to take on subsequent buying funds, which is not conducive to the subsequent market's true upward trend."

"That's true," Liang Jiucheng said. "However, the current opening situation is simply a reflection of pre-market sentiment. We'll have to wait and see how the final call auction trends will play out. I think... this initial call auction situation won't necessarily hold until the market actually opens. After all, there are still quite a few speculators who want to profit from their early entry into the market.

And within a certain high opening premium, the desire of profit-taking investors to sell will also increase.

When the desire to sell increases.

Then, the willingness of many buyers in the market to take over will naturally decrease, and there is still great uncertainty about what the final trend will be. "

"The market performance in this initial call auction is indeed a bit too consistent with expectations," Zhao Zhiyuan pondered for a moment and said, "but it's not too outrageous, right? I think the subsequent intraday trend may fluctuate slightly, but there is no chance of a sharp decline."

"Isn't it outrageous that Changying Precision's stock opened at the daily limit?" Zhang Wei said.

Zhao Zhiyuan responded, "Changying Precision was the absolute leading stock in the smartphone industry chain yesterday, right? And yesterday's Dragon and Tiger List data for this stock was also very good. It's expected to quickly strengthen today, showing a trend of hitting the daily limit. Is that reasonable?"

In fact, I think the current market is still relatively rational.

Take a look at this batch of stocks including Huawen Online, Huawen Media, Huace Film & TV, and Baofeng Technology.

Once the sector trend weakens, expectations will naturally drop. In fact, according to the trends of Huawen Online and Huace Film & TV yesterday, these two stocks should have opened flat or slightly higher today, but you see... they were affected by the sharp low opening trend of Huawen Media, Baofeng Technology, and Guangdong Media.

Today, there is no premium at all for the two stocks of Huawen Online and Huace Film & TV.

Does this mean that the overall market expectations are strong?

There are also the main lines of market weight, including liquor, white goods, medicine, consumption, electricity, finance, petrochemicals and other corresponding sectors.

Stimulated by the high opening and high closing of U.S. stocks last night.

There was no significant opening today, only a slight increase.

Therefore, I think the current market sentiment is not overheated, nor are expectations too high. It is just an opening that is in line with expectations and sentiment."

"In that case..." Zhang Wei said, "Let's continue to see how the subsequent call auctions develop."

Having said that, he turned his gaze back to the two market charts.

I saw that under his gaze...

At 9:17, the number of stocks that opened high in the two markets, as well as the number of main-line related industry sectors and concept sectors that opened high, both decreased.

At 9:18, Changying Precision, which had originally hit the daily limit, began to increase in trading volume.

At 9:19 AM, the leading stocks in the main board's heavyweight sectors such as liquor, white goods, pharmaceuticals, consumer goods, power, and finance, as well as many other leading stocks in other main market themes, saw their gains narrow, except for a few that maintained their initial gains from the opening auction. Finally, at 9:20 AM, after a large number of false orders were cancelled...

The market situation presented is truly a call auction situation, which is obviously much weaker than the market situation presented at 9:15.

At this moment, the industry sectors and concept sectors related to large-scale infrastructure.

There are also related industry sectors and concept sectors in the new energy industry chain.

As well as related industry sectors and concept sectors in the smartphone industry chain.

The high opening gains of a number of main-line related sector indices have all fallen back to within 1%.

Among the core main-line related industry sectors and concept sectors, the gains have generally declined. The main board sectors such as liquor, white goods, medicine, consumption, electricity, finance, petrochemicals, etc. have fallen back to near the flat position. As for the initial call auction trend, the emerging industrial chain line, which was already relatively weak, the film and television media, Internet software, and Internet application sectors have generally shown a low opening trend.

And at the same time...

Changying Precision, which hit the daily limit at 9:16, has now seen its share price increase back to around 8.5%.

The trading gains of Tianshan Cement and Beijiang Communications Construction stocks have also fallen back to around 7%.

As for Sugon Shares, the core leading stock in the "new energy industry chain" that is currently the most sought-after in the two markets, it is still stuck at the daily limit at this moment, and the daily limit order has not only not loosened, but has been strengthened.

Of course, in the trend of strengthening the daily limit of this stock.

Ganfeng Lithium and Tianqi Lithium, two stocks that have attracted much attention from the market, also opened today, and both showed an increase of about 5%.

And this line of the emerging industrial chain is already weak.

The core sectors of this line include film and television media, Internet software, and Internet applications, which are the core leading stocks in the fields.

Storm Technology opened directly lower at a drop of 6%, and as the market call auction time progressed, its opening range continued to expand; the stock of China Media opened about 4% lower, basically returning to the intraday low point of last Friday; and the stock of Guangdong Media, under the influence of the sector trend and the impact of share reduction, was even more tragic. Not only did it open lower by nearly 6%, but it also directly refreshed the previous low point.

"See, I was saying that during the initial call auction, market expectations were too high and sentiment was overheated. That's not a good thing, is it?" Zhang Wei noticed that after the two markets entered the call auction phase, where orders could not be withdrawn, the opening situation was completely different from the initial call auction situation a few minutes ago. He couldn't help but smile and said, "It's not even the official market opening yet, and this divergent market trend has already begun. Judging from the situation... all the major market trends should show divergent trends today."

"Well, that's about it," Liang Jiucheng responded. "The new energy industry chain is starting to diverge. Ganfeng Lithium and Tianqi Lithium, as well as a number of heavyweight stocks in the auto sector, are basically entering a divergent trend phase. Once these stocks shift from consensus expectations to divergent expectations, their trading volume will inevitably expand rapidly.

The rapid expansion of trading volume will inevitably cause more buying funds within the market to concentrate on these major main lines.

Once a large amount of funds are active in the market, they will flow into these core areas.

Then, the buying liquidity of other core lines of the market and their corresponding industry sectors and concept sectors will inevitably be weakened.

Thinking in this direction...

I feel that today's market trend may not be very optimistic.

At least the money-making effect should slow down. After all, the market liquidity is currently limited and cannot be expanded further.

Also, the emerging industrial chain line is dragged down by several core concept leading stocks.

As a result, there have always been problems with emotional expression in this line.

I am worried that if the main sentiment in this situation is bad, this line will not be able to move forward for the time being, which will affect the tasks of other branch sectors.

At the same time, the trend of the emerging industrial chain.

It is also a trend indicator for other concept stocks in the market that are relatively more likely to have no performance expectations to support them.

If this line is not walked well.

That means that the market is unlikely to perform very well in the field of small and medium-sized and micro-cap concept stocks today, which means that the overall short-term speculation sentiment and short-term profit-making effect of the market today will not be very good.

Also, if the stock of Huawen Online fails to break out of the market disagreement today.

This resulted in a relatively large loss of money.

I think the impact on the short-term speculation sentiment in the market will also be a very bad situation.

After all, the market attention to this stock is still quite high, and it is also relatively important for the main line of the emerging industrial chain and the entire short-term speculation environment of the market.

And, the stock stops here.

This means that the short-term speculation space in the market stops at this position.

This will restrict other leading concept stocks in terms of market turnover from continuing to expand upward, and will also restrict the extent of their upward movement.”

"Understood." Seeing that market speculation and sentiment had significantly subsided after the actual pre-market auction, Zhao Zhiyuan's initial excitement and optimism gradually cooled. He nodded and said, "It seems the market will likely take a break today and enter a period of divergence. However, I think this is actually a good thing. The market's relentless upward momentum without consolidation has indeed overdrawn sentiment and expectations. A slight adjustment now, to reorganize the shareholding structure, seems more conducive to the subsequent market trend." (End of Chapter)