Gao Xiang said with a smile: "Everyone can realize that the hot main lines such as 'infrastructure' and 'military industry', there are obvious financial divergences and long-short divergences, and they can feel that the pressure on these popular main lines is increasing, and it is difficult to open up the upside space in the short term."

'Yuhang Department', the smartest main fund in the market, can't be perceived, right?

Moreover, the capital of 'Yuhang Department' has a very large holding cost advantage in the positions of 'infrastructure' and 'military industry' in the popular main line fields.

Although there are a number of core constituent stocks in the main line of 'infrastructure' and 'military industry'.

As well as the constituent stocks that can be observed, the constituent stocks held by the 'Yuhang system' have not been shown in the recently disclosed data of the dragon and tiger list, and there is no shadow of the 'Yuhang system' trading seats.

However, I think that the capital of the 'Yuhang Department' must have made some rebalancing moves.

Otherwise, according to the trading style of Mr. Su of the 'Yuhang Department'.

It is estimated that it will not let the popular main lines of 'infrastructure' and 'military industry' lag in this position for so long, and it will definitely lead the market to break through.

After all, on the whole, the current mood on the main lines of 'infrastructure' and 'military industry' is not bad.

With the strong influence of the main capital of the 'Yu Hang Department' on the market.

As long as the capital of the 'Yuhang Department' guides the main market lines of 'infrastructure' and 'military industry', then I think that even if there is no unanimous cooperation of the main funds in these main line areas, it can also go up for a period of time with the help of relatively hot emotions.

It's just that most of the market that is forcibly attacking is the market that really topped.

According to the usual trading style of the "Yuhang Department" of this fund, this capital also knows that the core main lines of "infrastructure" and "military industry" have come to this point, and it is difficult to achieve a benign trend breakthrough.

At the same time, this senseless forcible upward offensive.

If you can't play the real market space, it is estimated that it will also bring negative feedback to the huge influence of the 'Yuhang system' in the market.

Therefore, after comprehensive consideration, according to the trading style of the 'Yuhang Department' of this stock.

They will definitely not be in this position, continue to lead the 'infrastructure', 'military industry' these are at a relatively high level in the market, in the early stage of the continuous market trend, has accumulated a large number of profits on the main line, to do senseless forced pull behavior.

Now that we understand the main lines of 'infrastructure' and 'military industry', we cannot make a substantial breakthrough at present.

And the market of these popular main lines has no room for continuous upward movement in the short term.

According to the sensitivity of the 'Yuhang system' to the market, as well as the previous style of this fund, the other party will inevitably convert the position.

Otherwise, the main fund products of the 'Yuhang system' will not always maintain such a high performance growth curve. ”

After listening to Gao Xiang's analysis, Chen Yihe pondered for a while, nodded, a layer of bright color surged in his eyes, and said with a smile: "Your analysis is reasonable, 'infrastructure' and 'military industry', which are the hot main lines in the early stage, have obviously ebbed in the case of extremely heavy internal profit accumulation, and the medium-term increase far exceeds the performance of the market index.

In addition, the recent market has seen a large number of new retail investors pour into this field, and they have taken on a lot of chips at a high level.

In today's scenario, funds cannot work together, and they are unwilling to lift the sedan chair for the high-level retail investor group, which is obviously doomed to the hot main lines of the 'infrastructure' and 'military industry' markets to be unable to continue to break through in the short term.

This pattern manifests itself since it has happened.

Then, it is indeed impossible not to perceive such a smart market main capital as the 'Yuhang Department'.

According to their previous trading style, it is indeed possible that they have already achieved position adjustment in the recent continuous sideways trend of the popular main lines of 'infrastructure' and 'military industry'.

However, in the current market, other major low-level main lines have never been able to form a consistent joint force.

I haven't seen any traces of position adjustment in large-scale major institutions like 'Yuhang Department', which often have tens of billions of funds!

Like 'science and technology growth', 'big consumption', 'big finance', 'non-ferrous cycle' these low-level core main line areas, there are many constituent stocks and concept stocks on the dragon and tiger list recently, but there is no trace of the 'Yuhang system' this fund.

It's as if this money has recently disappeared from the market out of thin air.

I really can't find any traces. ”

Gao Xiang took over and continued: "With the current influence of the 'Yuhang Department' on the market, the other party should be deliberately avoiding the Dragon and Tiger List in the operation, after all, inside and outside the entire market, not only us, many, many main capital groups, should be focusing on the movement of the 'Yuhang Department' funds.

And the capital of the 'Yu Hang Department' must also know that everyone is paying attention to him.

Therefore, to avoid the impact of the investment strategy, or to say that someone snipes the stocks they want to adjust and build positions in advance, it is natural to deliberately hide the traces of the market.

At present, we are not sure where the funds of the 'Yuhang Department' are adjusted from the disk.

But basically, it is certain that the core main position of this capital is definitely not in the main direction of 'infrastructure' and 'military industry', which they held large-scale positions and locked positions in the early stage.

However, according to my previous historical review of the funds of the 'Yuhang Department'.

And the last time in June, the "Yuhang Department" of this fund, in the main line of "big infrastructure", and other major capital institutions in the-for-tat situation.

The capital of the 'Yuhang Department', the route of core rebalancing, should be unlikely to be the line of 'technological growth'. ”

"Why are you so sure?" Chen Yihe asked.

Gao Xiang responded: "Because of the line of 'science and technology growth', there are many people who are optimistic about it at present, and the future expectations and industry fundamentals of this line are basically open cards, and there are really a lot of main capital groups hoarding and ambushing on the main line of 'science and technology growth'."

A few months ago, in June.

The market is in the two main lines of 'big infrastructure' and 'technology growth'.

chose to break through in the direction of the main line of 'big infrastructure', resulting in the line of 'technology growth', which has seriously underperformed the market index in recent months.

However, even so, according to the semi-annual report data.

In its field, the deposited institutional positions are still the heaviest positions within the main lines of the market.

Moreover, the line of 'technology growth', because the future is expected to be basically good, and the fundamentals of the industry still have room to break out, so this line, although it has been in adjustment, but in fact, the overall decline is not deep, and the popular stocks, to LeTV, Netspeed Technology, Huayi Brothers, Oriental Fortune...... and other stocks, the valuation is still quite high, basically above 150 times PE.

Analyze from the perspective of future expectations.

These tickets have a certain investment value, but there is not enough expected difference!

I think this is also the reason why many people are optimistic about the line of 'technological growth', but this line has not been able to form a concerted force of funds and cannot break through the market.

So many latent disks are piled up on the line of 'technological growth'.

I think that according to the style of the 'Yuhang system' of funds, it will definitely not enter this line, and large-scale position temptation will give these latent funds a sedan chair. ”

Chen Yihe thought for a while and said: "It is not the main line of 'scientific and technological growth', then there are only two main lines of 'big consumption' and 'big finance', which is possible, after all, the line of 'non-ferrous cycle' has been the weakest in terms of capital synergy recently, and within the major industries, the serious problem of overcapacity and sluggish market demand has not yet been solved, and there are considerable problems in the basic investment logic."

This main line is not shared by the vast majority of institutions inside and outside the field.

I think that the market basically disagrees, and there is no main line supported by basic investment logic.

The capital of the 'Yuhang Department' should not enter this main line to build a position on a large scale and want to guide the market of this main line, right?

After all, according to the operation of this stock of funds in the past.

They are also following the market trend and the direction of the general trend that may occur in the market, and will not operate against the trend and oppose the capital group of the entire market. ”

"Hmm!" Gao Xiang responded, "I think so, and I think that the probability of the 'Yuhang Department' in the direction of position adjustment, biased towards the direction of 'big finance', is much greater than that of the 'big consumption' field."

After all, in the field of 'big consumption', in fact, the logic of investment is also lacking.

At least, for now, the signs of economic recovery are not very obvious, and the future is expected, but there is still some uncertainty.

On the other hand, there are not so many uncertainties in the line of 'big finance'.

And careful analysis, in the regulator is obviously still caring for the market, hoping that the market can continue to strengthen under the expected policy, the future of the main line of "big finance" is also somewhat predictable, as well as the current market continues to strengthen, the growth of market transactions, the sharp increase in the balance of the two financial institutions, and the official opening of Shanghai-Hong Kong Stock Connect next month, A50 index futures, China Securities 500 index futures officially listed and operated.

These are all expected benefits for the 'big finance' sector.

From this direction of analysis, the "Yuhang Department" of this fund, it is very likely to focus on the direction of the layout of the position, that is, the current funds have gathered, but the aggregation effect is not strong, and at the same time with the main line of "science and technology growth", as well as "infrastructure", "military industry" and other popular main lines in the early stage of the "big finance" main line of the main line of "big finance" has a certain degree of capital differences.

And, from the other direction.

With such a huge capital flow of the 'Yuhang system', only the liquidity of the line of 'big finance' can be fully carried without revealing traces, right? ”

"Hehe......" Hearing Gao Xiang's analysis, Chen Yihe couldn't help but smile and said, "The analysis is very reasonable, the line of 'big finance' should be paid attention to, if the so-called 'big bull market' wants to start, it must be 'brokers' as the pioneer!"

I feel that at this time, the market is not rushing sideways and has been accumulating.

Indeed, it is time to focus on the layout of the 'brokerage' sector, and look forward to the 'brokerage' taking the lead and making a breakthrough in the market. ”

"Hmm!" Gao Xiang continued to nodded, and there was a trace of excitement in his eyes, "Since you agree with the logic of my analysis, boss, then our fund will concentrate on adjusting positions in the direction of 'brokerage'." ”

Chen Yihe said: "Okay, no problem. ”

Gao Xiang heard Chen Yihe's firm words, smiled, hurriedly turned around, and immediately issued a trading strategy to the traders in the trading room to further adjust their positions in the direction of the market's 'broker'.

Subsequently, when he finishes placing the corresponding trading strategy.

Looking back, I will look back at the time when the two markets were trading.

I saw that at this time, the time trading time had entered after 9:35, and the two cities had officially continued to bid for trading after 5 minutes.

Under the fierce long and short game.

"Infrastructure", "military industry" and other popular core lines of the market, yesterday was the capital fell sharply of the corresponding weight of the stocks and leading concept stocks, although at this moment has strengthened, but the market funds are still very different, only a small period of gains, it has entered the sideways stage of stagflation.

The main line of 'scientific and technological growth' is generally low.

At this moment, the general stop-loss operation under the loss of funds in yesterday's intraday market has further declined, and it has fallen into a weak downward trend.

Moreover, its main capital flow has been flowing out slowly since the opening.

As for the main line of the concept of 'sports industry development', which formed a rising tide yesterday, as well as the 'sub-new stocks' sector.

At this moment, these two major fields, in the two leading stocks of "Leiman Optoelectronics" and "Bluestone Heavy Equipment", opened for a moment, and went straight to the price limit, driven by the price limit again.

In its field, a number of related concept stocks have also risen further and continued to break through.

As a result, the money-making effect of these two major conceptual main areas is still hot, and it continues to become the relevant sector that leads the rise in the conceptual sectors of the two cities.

In addition to these mainline areas.

Such as other 'big consumption', 'non-ferrous cycle', 'big finance' main line areas.

The main line of 'big consumption', such as liquor, white electricity, automobiles, food sales and other industry sectors and concept plates, has performed tepidly, and the volume can remain stable, following the fluctuations of the Shanghai Composite Market, there is no independent market awareness, and there is no trace of the main capital concentrated on the market.

The main line of the 'non-ferrous cycle' is similar to the main trend of 'technological growth'.

The corresponding industry sector and concept plate are significantly weaker than the market, and there is no trace of the main capital inflow in this main line area, and the amount can be the most sluggish in the main line of the entire market.

And the line of 'big finance'.

In particular, the 'brokerage' sector, since the official opening.

The main capital flow within its sector began to accelerate its inflow.

Moreover, the corresponding stock trend, although there is no radical trend of straight line pulling, but the continuous shock upward trend pattern is still obvious, and whether it is the rise or fall of the time line, it is better than the market index, that is, the market rises, the corresponding stocks of the brokerage rise are greater, the market index falls, and the corresponding stocks of the brokerage fall is smaller.

However, under the performance of brokerages that are significantly stronger than the broader market.

The relative performance of the banking and insurance sectors in the main line of 'big finance' is still relatively sluggish.

"Boss, I feel that the main capital flow of the 'brokerage' sector is a bit of an acceleration!" At around 9:45, inside Yuhang and Yuhang Investment Company, in the main fund trading room, Wang Can, the trading team leader who observed the changes in the two markets, pondered for a moment, turned his eyes lightly to Su Yu on the side, and said with a smile, "I feel that many stocks in the 'brokerage' sector are a little overwhelmed." ”

"It's a little bit overwhelming." Zhao Lijun, who has been promoted to fund manager, stared at the trend of a number of brokerage stocks, and responded, "Many of its brokerage stocks, active buying has been significantly greater than selling, and when the brokerage sector is obviously volatile and rising, other sectors of the market have not reacted too negatively." ”

Li Mengmeng thought about it, and at this time he also answered: "The brokerage sector has indeed begun to show a continuous positive feedback effect, and at the same time, the main line of 'big finance', the main capital gathering effect, has also begun to become much heavier than before, but with the signs of disk funds following the trend at this time, it should not be the time to guide the disk and make a breakthrough." ”

Su Yu heard the voices of the three of them talking and discussing, bowed his head slightly, and said with a smile: "That's right, it's not yet time to make a real breakthrough in guiding the plate."

After all, at this time, the divergence of the main funds in the main areas of the market is still very large.

First of all, the "infrastructure" and "military industry" are the hot main lines in the early stage, and they have not completely lost the money-making effect, and the short-term head reaction is not obvious.

Secondly, on the line of 'technological growth', there are also many main capital groups gathered.

Moreover, this part of the main capital groups gathered on the line of 'science and technology growth' is obviously intended to maintain the main line of 'science and technology growth', and these main capital groups will not be withdrawn on a large scale and pour into other core main lines before these main capital groups do not lose confidence in the market of the 'science and technology growth' line.

There are also two major areas: 'sports industry development' and 'sub-IPO'.

This time, it also gathered a lot of major capital groups to participate.

A lot of short-term active funds in the market are currently concentrated in these two areas of speculation.

If we want to truly guide the market of the 'brokerage' sector, if we want to make the main capital flow of the entire market concentrate on the 'brokerage' sector, and directly play a hot money-making effect and a substantial breakthrough in one fell swoop, we must wait until the real main line of the market is switched.

We have to wait until the money-making effect of the early hot main lines of 'infrastructure' and 'military industry' further declines, and the money-losing effect gradually spreads, and even the follow-up retail investor groups who follow the trend have begun to continue to doubt the market of these popular main lines in the early stage, so as to guide the capital flow of these popular main lines to quickly flow into and converge to the low-level main line.

There is still a need to wait for the line of 'technology growth' to rush again, forming a greater divergence, so that the capital groups gathered in the field of the line of 'technology growth' feel that this line will become the core of the market to break through the main line in the future, and further lose confidence.

We have to wait until the two major concepts of 'sports industry development' and 'sub-IPO' are in the main market.

Gradually coming to an end, the speculative capital groups currently gathered in these two main line market areas have begun to ebb and retreat.

At that time...... It is the time for us to guide the 'brokerage' sector and break through the market.

It is said that 'brokers' are the vanguard sector of the bull market.

Since our goal is to open the curtain of the 'big bull market', it is to let the expectation of the 'big bull market' penetrate into the hearts of all market investors.

Then, when we pull the plate, we must be foolproof.

You have to go all out and play the market of the 'brokerage' sector with the strongest attitude. ”

In the trading room, the members of the trading group heard Su Yu's inspiring words, and their hearts were more or less excited.

"So, until the time comes, you have to be patient." Su Yu looked around the trading room, glanced at everyone's demeanor, and continued with a smile, "We have to be like hunters, before pulling the trigger, we must wait in place, motionless and wait for the prey to approach the best shooting range, so that we can hit with one hit." ”

"Okay, got it!" Wang Can nodded.

The other traders in the trading room, as well as the responsible personnel of each trading group, also nodded firmly.

At present, under the guidance of Su Yu, the position is adjusted.

The 4 main funds of the 'Yuhang Department', with a total of 100 billion capital flows, have more than 60 billion funds, and have entered the main line of 'big finance' in the one-month continuous buying trading strategy.

and positions in other main directions.

There is already only a bottom position, which is not enough to have an excessive impact on the net value of the fund.

At this time, what they lack is only the opportunity and news opportunity that will lead to a comprehensive breakthrough of the entire main line of 'big finance'.

Regardless of these two opportunities, who will come first.

They will all bombard the remaining tens of billions of funds on the core stocks of 'big finance', and in one fell swoop play the investment sentiment and ultimate money-making effect of the main line of 'big finance', thus unveiling the curtain of the 'big bull market'.

Accompanied by the waiting of the entire 'Yu Hang Department'.

At the same time, it has been included in the "Anzhao Fund" of the "Yuhang Department" capital system.

In the main fund trading room, Qin Qiuyue, the general manager of the fund, saw that it had been more than a month since his fund had been adjusted to the main line of 'big finance', and the main line of 'big finance' was still standing still, and he had not stepped out of the market of substantial breakthroughs, but his brows were obviously wrinkled, and he began to doubt whether he had followed Su Yu's advice and adjusted his position to the main line of 'big finance' in advance.

"Why hasn't there been any movement yet?" Qin Qiuyue sighed helplessly.

Zhou Hui, who has been promoted to the main fund manager, stared at the plate, thought about it, and said with a smile: "It should be ...... Come on, I see that the overall divergence of the market is getting bigger and bigger, and today's 'brokerage' sector has also moved, and the volume can be more obviously positive than usual. ”

"Hey......" Qin Qiuyue sighed lightly, "In the past month or so, the net value of our fund products has basically not moved, and the investor groups who trusted us before have complained a lot at this time, and these investor groups are all based on the fact that our fund can replicate the performance of the 'Yuhang system' fund products, and the market of the 'big finance' line, if there is no improvement, I am afraid that the complaints of investors will be deeper, and our institutions are afraid that they will be pushed to the cusp of the industry!" (End of chapter)