The main force of the stock market, an investment plan is not calculated by trading days, the start is monthly, and the plan is often formulated according to the quarter.

The buyers of weighted blue-chip stocks, mostly public funds, generally operate according to quantitative models, and weighted blue-chips because of the protection of public offerings and national teams, coupled with "monopoly" operations, the stock price will not fall anywhere, unless the stock market crashes.

Private equity funds and floating capital and other forces that are frantically chasing profits adopt quantitative and hedging models to make some stable profits on the weighted blue chips, and the remaining large amount of funds are deployed in ordinary stocks, and may be dormant for a quarter or half a year.

ABCD stocks, A shares have been operating for half a year, and they have not made any money, B stocks have lost a little, C stocks have made a little money, and D stocks have made a lot of money, and the overall performance is already very good.

Therefore, Chang Yubin, even Zhou Minghai and other securities analysts, the research reports produced are not absolutely objective, and must carry the shadow of capital, the difference is that Chang Yubin represents the bulls who have a large number of chips, while Zhou Minghai represents the bears who retreated smoothly some time ago.

What's even more bizarre is that the bulls are now bullish on the entire stock market, but they will reduce their positions at a high level and complete the structural adjustment of their positions, while the bears are bearish on the stock market, but they are ready to sprinkle their funds on the time and space axis and strive to get a position.

In addition, there are other capitals with different intentions, all with different purposes, forming the stock price thing.

From the perspective of principal, Wang Nuo belongs to the kind of small and medium-sized investors, he can't exert a decisive influence on the market, and making money only depends on whether he can analyze it...... Which side wins.

On Monday night, I finally learned further comprehensive information, and Wang Nuo's source of information must be better than that of ordinary people.

On Tuesday morning, just the call auction time, the stock market immediately gave corresponding feedback, the Shanghai Composite Index rose nearly 1%, the corresponding index of the weighted blue chips provided a 0.4% contribution, more than 2,000 stocks outperformed the market, and the alpha value was greater than zero.

From another point of view, Wang Nuo's waiting is wrong, if Yuan Rongxin and Ye Yaohua's suggestions are adopted, part of the profit has already been received now, although it is small, but stable.

Thanksgiving for investment.

Yuan Rongxin was also so depressed that he wanted to hit his head, his gift package, on the premise that there would be almost no negative in the macro policy, he suggested to Wang Nuo to enter the position but did not get a positive answer, and lost the opportunity to make a profit for the first time in vain, and it is strange that a strategic analyst like him can not be depressed.

Ye Yaohua is relatively stable, as a trader, what he sees is...... The amount of energy is insufficient, and Wang Nuo's analysis conclusion may still be confirmed by the market, because ...... There really wasn't enough money to get in.

"Something is wrong. "Wang Nuo is staying in the research institute today, and only Ye Yaohua and Yuan Rongxin are watching the market on their own side of the investment company, although Wang Nuo's 17 million has not moved much, but the 3 million of the charity foundation has gone in to take the position, Ye Yaohua is immediately a little nervous.

"You're talking about the amount of energy, I think, 3500 to 3600 is the area of force, if the index breaks 3600, or lower, as long as it passes two or three moving average resistance levels, there should probably be a amount of energy. Yuan Rongxin said to Ye Yaohua.

That's not what Arnold analyzed. Ye Yaohua shook his head and said: "You should note that his analysis has not been rejected by the market so far, and the weighted blue chips have now given an increase, if the market is really good, there is no reason for them to lag behind......"

"It feels weird, the fundamentals, the information is very good, this should be the reason why the weight of the blue chips do not move, ordinary stocks rose, but there is no corresponding entry funds, and there is little willingness to sell, this situation is ...... Every book mentions it, right?"

Ye Yaohua said continuously, and Yuan Rongxin also fell silent.

At around 3500, the downward space multiplied by the downward probability is almost equal to the upward space multiplied by the upward probability, but the downward space is in the shape of a water drop as a whole, and the upward space shows a shape that changes from wide to narrow.

Plus the current trend of the data...... Yuan Rongxin couldn't help but feel a little tremor.

"The bulls are embarrassed. Wanli Financial Research Institute, Wang Nuo sat in Zhou Minghai's office, and when he saw the feedback in the morning, his eyes immediately lit up.

That's right, if the bulls are like a bamboo as soon as they come up, Wang Nuo's analysis conclusion will be greatly adjusted, and the current position is not embarrassing or embarrassing.

"Are you still going to send your research report?" Zhou Minghai also began to go up and down in his heart.

No matter which analyst gets the first 100 times right, the 100th one will be apprehensive.

The research office's public research report in December has little room for revision, that is, according to the company's instructions, bearish and bearish, at most, a few words with a large "sideways probability" are crammed between the lines.

There is no pressure on Zhou Minghai.

Wang Nuo is different, the research report he just showed Zhou Minghai is in the direction of ...... Optimistic about the weight of the blue chips leading, rising, the weight of the blue chips leading the rise, falling, the weight of the blue chips to protect the disk.

Now almost most of the alpha value of the weighted blue chips is negative, but ordinary stocks outperform the market, combined with the information in hand, Wang Nuo's conclusion comes out: how fierce the rise is now, how bad the market will fall in the future.

The reason is very simple, if there is enough upward momentum, with the ability of Tyrone's group of bulls, they will let ordinary stocks run behind?

If there is enough momentum to bring the weighted blue chips to the upside, they will not be able to outperform.

Therefore, the lack of upward momentum is a high probability of happening, and from the data side, Wang Nuo also feels that the lack of energy is a signal.

"I'm not 100 percent sure, but at least...... Eighty or ninety percent of them are. Wang Nuo looked at Zhou Minghai, nodded and said, "This probability is enough to produce a research report." ”

Wang Nuo still has a word in his heart, that is...... He wants to short IC in the right position first!

IC is the CSI 500 stock index futures, and it is barely a collection of weighted stocks, but relatively speaking, the CSI 500 index, which has 11 GEM stocks and 133 small and medium-sized board stocks, means the weight of each place, which is the weight of the gem and the weight of the small and medium-sized board.

Compared with the CSI 300, the weight of the CSI 500 is lighter, and it overlaps with the indices of the Shanghai and Shenzhen stock markets, which is the highest among the three stock index futures.

Wang Nuo is bearish on stocks other than big blue chips, and shorting IC is the most appropriate, provided that ...... Wait for the most appropriate position, resistance levels such as the 10-day moving average, the 20-day moving average, and the resistance level of 3600 points.

At 9:30, Wang Nuo gave his own analysis and research report on the market on time, and the core is still ...... Blue chips have a high probability of outperforming the market, and he is very witty not to make a directional forecast of the market, but to choose one of the components.

In terms of investment, Wang Nuo only gave Yuan Rongxin and Ye Yaohua the first step to be determined: prepare to short IC.