"I took it back again!"

At around 10:15, in the trading room of Modu, E Fund Investment Company, 'Future Growth Mixed Selection' fund products, fund manager Gao Yirong stared at the changes in the two markets with some surprise, and said in surprise: "For several days in a row, whether it is an index or a single stock, all the adjustments have basically been directly adjusted in the intraday, it seems that the ...... The market has indeed entered a bull market, and there is no doubt that it has entered a bull market. ”

"The stronger the market trend, the more surprising it is." Behind Gao Yirong, Deng Anwei, head of the fund product trading team, took over and responded, "The heavy profit plate of short-term condensation is directly at the high level of the intraday, and the exchange is completed in the form of rapid shocks in the form of large volumes.

And the overall investment sentiment inside and outside the market is actually still continuing to strengthen in depth, and there is no doubt that the market has entered a bull market.

Current...... The point is that we still have a lot of chips.

It is also the core main line of 'science and technology growth', which is the main direction of our fund investment, whether it can maintain a continuous upward trend like the main line of 'big finance', especially the securities sector, and transform from rebound to reversal.

If the line of 'technological growth' cannot change from rebound to reversal, and has been weaker than the main trend of 'big finance', I am afraid ......

We also need to further rebalance our investment strategies and trading strategies.

It is necessary to further increase the weight and size of our fund products in the direction of 'big finance', especially in the securities sector and the Internet finance sector.

Moreover, this change in strategy, as I know, has to be decided as early as possible.

According to the current market investment sentiment and investment confidence changes, the 'bull market expectations' have become more and more intense, the speed of entry of over-the-counter funds is getting faster and faster, and at the same time, the market trend is becoming more and more extreme, if we don't make up our minds earlier.

I am afraid that in the face of the continuous short squeeze trend of the corresponding core stocks, the stock price will become higher and higher.

It's going to be more and more passive! ”

"Do you think that ...... line of 'technology growth', to the current position, there is still no consistent market expectations, there is no consistent long-term joint force of the main funds, or there is no way to get rid of the rebound trend?" Gao Yirong heard Deng Anwei's analysis, his eyes moved away from the two markets, looked at him and asked, "Do you think the whole main line of 'technological growth', in fact, the logic of the current market evolution is still a rebound, not a reversal?" ”

Deng Anwei nodded and said: "At least at present, there is no line of 'technological growth', and there is a completely reversed trend of funds following the trend."

At present, the two strongest sectors in the field of 'science and technology growth' are the strongest.

There are mainly two sectors: 'Internet Finance' and 'Film and Television Media'.

The core logic of the 'Internet finance' sector, as well as the trend of the market, must follow the expected logic of 'big finance', and within the sector, the performance is the strongest, the capital expectation is the strongest, and the corresponding concept stocks that follow the trend the most fiercely are mainly concept stocks related to the financial market, such as Tianyu Information, Shanghai Ganglian, and Changxin Technology...... and other stocks with slightly less pure concepts are significantly weaker than the performance of sector indices.

The 'film and television media' sector, whether it is in terms of policy or news, is actually not clearly driven by benefits.

This wave of concentrated market rebound across the entire sector.

The main thing is'LETV'The early negative clouds of the check dissipated,There is also a big drop in the early stage of the check,Now it is brought up by the over-falling rebound,Of course,'LETV'The fundamental situation of the check,Compared with the situation that everyone expected to get worse and worse,It is also significantly better。

But with this check alone, I think I am afraid that it will not be able to pry the market of the entire 'film and television media' sector.

However, the follow-up expectations of the 'film and television media' sector are not completely absent, the market performance of the National Day exceeds expectations, and the landing of many previous favorable policies has brought substantial changes to the fundamentals of the entire industry.

In addition to the 'Internet Finance' sector and the 'Film and Television Media' sector.

In fact, at present, the future expectations are still lacking, and the good news is not obvious, and the follow-up efforts of funds in these fields are not concentrated.

Generally......

Compared with the current trend and sentiment in full swing, the main line of 'big finance' that follows the trend of funds to continuously grab funds at a high level, especially the two hot branches of the 'securities' sector and the 'Internet finance' sector, the main line of 'technology growth', and the market performance of its related hot main lines, are definitely still significantly inferior.

In line with the investment idea of 'bull market and bear market'.

If we can't be prepared to judge that the reversal of the 'tech growth' line will come in the short term, then I think ...... The direction of our core holdings, as well as the direction of investment and trading, must still be concentrated on the main line of 'big finance', especially the securities and Internet finance' sectors, in order to maximize market profits at the end of the year and help the net value of our fund products to a higher level. ”

The current market time has entered November.

This is less than 2 months before the end of the year.

At this time, the ranking of their fund products, whether it is within E Fund or in the entire industry, is not outstanding.

If you want to achieve the performance goals of half a year ago or even the beginning of the year, as well as the industry ranking goals.

Then they'll have to work hard.

Although the entire trading team does not seek to climb to the top and compete for the 'Golden Bull Award' or anything like that, the ranking cannot be worse than last year.

After all, if it is really worse than last year, it will greatly damage investors' confidence in their fund products.

Now, with the arrival of the market bull market, the competition in the industry will obviously only become more and more intense, at this time, if they do not forge ahead and hold positions aggressively, they will soon be left behind by other fund products.

Not to mention......

Due to their fund products, the wave of mistakes in June.

As a result, they missed most of the market trends when the main line of 'infrastructure' and 'military industry' broke out in full swing, which also made their fund products, until now, not in the second half of the year, outperform the market index, which is unacceptable to them who have always been known for their 'excellent trading team' in the industry.

And these ...... will prompt them to choose a relatively more aggressive investment strategy when the market is good.

Gao Yirong listened to Deng Anwei's analysis, pondered carefully for a while, and felt that what the other party said did make some sense, and couldn't help responding: "Then continue to be weak and strong, reduce some of the stocks with relatively weak performance in the main line of 'technology growth' in our fund product holdings, and then increase the 'securities' sector and 'Internet finance' sector, the current performance is strong, and the main funds follow up the strong constituent stocks, and the weight of our position in the main line of 'big finance' will reach about 60%!" ”

"Good!" Deng Anwei saw that Gao Yirong was easy to continue to increase his position in the main line of 'big finance', and continued to increase the weight of fund products in the main line of 'big finance', he couldn't help but nodded hurriedly, turned around and ordered the two trading groups in the trading room, who were staring at the two trading groups on the disk, and said, "Intraday highs reduce holdings in the main line of 'science and technology growth', and the trend is relatively weaker than that of the sector index, and at the same time, the positions reduced are added to the main line of 'big finance', especially the strong core stocks in the securities sector and the Internet finance sector." ”

The traders in the trading room nodded in agreement.

Subsequently, with the sound of crackling keyboards, millions and tens of millions of funds began to pour into the market, and at the same time, a number of constituent stocks held by its funds, at this time, with the adjustment of traders' positions, there were also abnormal movements, which formed a certain interference with the market trend.

And at the same moment.

In the entire asset management industry, there are not a few institutions that have made the same change in trading strategies as them.

With the changes in the investment strategies and trading strategies of these institutions, the overall market trend of the two markets has become more and more distinct over time, and even the changes in the main market levels.

I saw that the two popular sectors of securities and Internet finance, in the continuous shock rebound, due to the rapid follow-up of the funds, its trend is getting stronger and stronger, far exceeding the rise of the Shanghai Index, and far stronger than the changes in the other core main lines of the market; Other ...... For example, the main line areas such as 'technology growth', 'big consumption', and 'non-ferrous cycle' have gradually weakened with the passage of time, whether it is the volume of disk trading or the follow-up effect of long funds.

Around 10:30 a.m.

The market was trading during the first hour of the session.

The rise of the securities sector has rapidly advanced to a height of 2.5%, not only refreshing today's intraday high, but also refreshing this year's sector index new high; The performance of the Internet finance sector index was slightly weaker than that of the securities sector, but it also rose by about 2%.

The two popular sectors are still showing a trend of comprehensively leading the industry sector and concept sector in the two cities.

As for the two major weighted sectors of banking and insurance, which also belong to the main line of 'big finance', the increase in the disk is significantly behind, but it is also significantly stronger than the performance of the index.

The main line of 'technological growth'.

"Film and television media" in a wave of rapid attack, has fallen into the intraday high sideways shock, a bit of stagflation, other "Internet software", "Internet applications", "smart phone industry chain" and other branch plates, at this moment there is a shock and fall trend pattern, the main funds in these areas of the following sentiment, as well as the strength of the follow-up, have declined.

The main areas of 'infrastructure' and 'military industry'.

The corresponding conceptual plates fluctuating around the main line of the "Eurasian Economic Belt", "On the Road of the New Era, the Maritime Silk Road", and "the Reform and Reorganization of Central Enterprises and State-owned Enterprises", as well as the industry plates, are also re-revealing their weak form at this moment, and they are still the main line plates led by the two cities.

'Big Consumption', 'Nonferrous Cycle', 'Petrochemical', 'Pharmaceutical Commerce', 'Animal Husbandry'...... and other main line areas.

At the moment, it also follows the fluctuations of the index, and there is no independent trend.

Overall, the market situation at this moment.

The active capital groups in the market, as well as a number of new over-the-counter incremental capital groups, are still focused on the main line of 'big finance', especially in the securities sector and the Internet finance sector.

And the core theme of 'technological growth'.

It can be seen that the long and short divergence on the disk is still very large, even if the future is expected to be good, and at the same time, the "film and television media" sector stimulated by the corresponding positive stimulus of the stock of "LETV" is also an obvious stagnation of volume, and the trend pattern of intraday high shocks, the pressure of the corresponding core stocks to attack is obviously greater than that of the main line of "big finance", especially the securities sector and the individual stocks in the Internet finance sector.

This also shows the active capital group on the market, as well as the incremental capital group that is pouring in outside the market.

There are also a number of new community entrants.

In the investment of the main line of 'science and technology growth', I am still a little hesitant in my heart, and I do not fully agree with this line, and I can get out of the continuous breakthrough trend of comprehensive reversal.

As for the other main investment lines, the recognition of the main funds is even lower.

"The main line of the market trend has obviously diverged."

Seeing the performance of the market trend of the major main lines, at about 10:40, within Yuhang, Yuhang Investment Company, in the main fund trading room, Wang Can, who had been staring at the disk observation, said with a smile: "The strength and weakness of the main main line, as well as the recognition of the main funds, should be completely undoubted today, and the line of 'big finance', the leading posture, this time...... It's really vividly expressed. ”

"The main trend of the market is differentiated, and the general rise that should continue to soar is coming to an end." Hearing Wang Can's words, Zhao Lijun, who was sitting next to Wang Can, pondered for a moment and responded, "It is estimated that the follow-up market will enter the gradual increase in volume and shock upward trend pattern like in the previous months." ”

Zhu Tianyang nodded lightly, and also said: "Agreed, now the market's short-term profit plate has been continuing to sell, the upward pressure of the market is not small, of course, the underlying force is still not small, and the emotional reaction is almost here, the index cannot continue to continue the trend of continuous rise, and the two cities cannot continue to rise comprehensively. ”

"Regardless of the market trend, the leading trend of the 'big finance' line should have been stabilized." Liu Yuan also responded at this time, "And the volume and energy response of the entire main line of 'big finance' is also very healthy, and the profit and hedging disks cannot stop the continuous upward trend of this line at all." ”

"Just hold your position quietly." Su Yu heard everyone's discussion, smiled, and said, "According to our established investment strategy trading, the main position is not moving, and other small areas are weak and strong, or a small range of intraday T operations are carried out to improve the sense of trading." ”

Everyone in the trading room nodded, and they all traded according to the trading strategy that Su Yu said.

In the sound of crackling keyboards, Su Yu's eyes turned to the fierce trading of the two cities again, squinted his eyes, and sighed: "The climax of emotions has passed, and the next ...... In the continuous shock of the long-short divergence, it is necessary to further verify the logic of the 'bull market'! (End of chapter)