"The technical divergence is even more exaggerated, and it is the securities sector and the Internet finance sector!" Liu Changling, the head of the fund product trading team who sat next to the fund's main control computer, responded, "The entire securities sector and the Internet financial sector index have seriously deviated and passivated...... It is to continue the upward trend all the way to the north, even if there is a short-term adjustment, it is basically completed within the day, this explosive continuous short trend, is really eye-opening! ”

"In fact, the securities sector and the Internet finance sector, the two core popular sectors, look at the turnover and trading volume, there are still a lot of sell-offs." Shao Xiaoyun said, "However, inside and outside the market, the active capital groups that flock to these two core hot sectors, as well as the entire main line of 'big finance', are simply only increasing. ”

Liu Changling nodded slightly and said, "This is the bull market!" Looks like...... As long as the turnover and trading volume of the two cities are still rising significantly, there will be no decent adjustment at all in the two feeder markets of securities and Internet finance, which are the pioneers of the bull market.

Looking at the entire market, it is true that only the future expectations of these two popular sectors, as well as the certainty of the market, are the strongest, so ...... In the state of continuous surge of incremental capital groups, it is difficult not to continue to rise.

Fortunately, our fund products decisively continued to increase their positions in the 'securities' and 'Internet finance' sectors last week, so that the weight of the entire fund products was completely transferred to the main line of 'big finance'...... Now we are afraid to be very passive. ”

"Indeed." Shao Xiaoyun smiled, "Fortunately, I didn't hesitate at that time, and actively adjusted the layout." ”

With a brief discussion between the two, and the surprise of the two markets.

At the same time, it was in the trading room of the same company's 'Yinghui No. 1' fund product next door to the two of them.

As the product manager of the 'Yinghui No. 1' fund, Liu Guanhai was also quite surprised by the market trend of the two cities: "At 3300 points, the Shanghai Index was still frustrated and wandered for a while, and now at the 3400 point mark, the Shanghai Index broke through, and there was no sign of pressure at all, which is really surprising. The trend of the core sectors in the main line of big finance has become more and more consistent. ”

Hearing Liu Guanhai's words, Yu Lei, the head of the fund product trading team sitting next to Liu Guanhai, stared at the disk and responded with a smile: "Once the logic of the bull market is generally recognized by the majority of investor groups inside and outside the market, and at the same time, once the continuous money-making effect of the market is generated, then the consistency of the market will become stronger and stronger with the entry of a large number of incremental capital groups, but I didn't expect the market turnover and trading volume to be so fast."

If it hadn't actually happened, it should be difficult for investors to think that the turnover of the two cities would have climbed to the scale of 800 billion so quickly, right?

No one would have thought that it would take just over half a month.

The turnover of the securities sector has increased sharply from the previous barely 10 billion to 100 billion, a sharp increase of nearly 10 times. ”

"yes!" Liu Guanhai sighed, "the volume of the entire securities sector performance and market trends, is too exaggerated, in just over half a month, many of its internal constituent stocks, has generally doubled the rise position, even the 'CEFC Securities' 100 billion scale of super weight stocks, more than half a month, the rise is close to 50%, its breakthrough trend, is really breathtaking." ”

Yu Lei continued with a smile: "After round after round of bull market baptism in history, everyone knows that the 'securities' sector is the pioneer sector of the bull market.

What's more, the market turnover has hit record highs one after another.

Under such a fierce trading situation, can the market of the securities sector not be exaggerated?

Moreover, there is also the expectation of the central bank to cut interest rates and reserve requirements in the future, as well as the large influx of the 'southern system' capital group after the opening of the 'Shanghai-Hong Kong Stock Connect', and the assistance of the continuous surge in financing balances.

Under so many expected conditions, I think that in the short term, the market of the securities sector is estimated to not stop easily, and even a slight in-depth adjustment is estimated to be difficult, after all, the over-the-counter capital groups who are currently optimistic about this sector and want cheap chips, as well as the active main capital groups in the market who lack securities chips, are too much, too much.

Coupled with the group of funds that already hold chips in the securities sector.

In such a strong market money-making effect, and an increasingly clear overall bull market atmosphere, it is obvious that there will be more and more reluctance.

This has led to the current situation that the corresponding core constituent stocks of this sector will be less pressure on the market as they rise.

Fortunately, our fund has been laid out in advance, and it can be regarded as the main profit of this wave of market, as long as the main line of the market is still focused on the main line of 'big finance', we don't have to worry too much, and we can significantly outperform the market index by maintaining static positions. ”

"However, looking at today's situation, under the premise that the core main line of the market focuses on the line of 'big finance', in terms of the internal trend of the two main lines of 'big finance' and 'big infrastructure', I feel that many funds are still doing the 'high and low switching' situation within the main line." Liu Guanhai pondered for a while and said, "Under this form of trend, the index trend of the corresponding industry sectors and concept plates in the main line of 'big finance' and 'big infrastructure' should not stop, but the trend of internal constituent stocks should be differentiated."

It is estimated that in the first half a month, a number of core hot stocks with high valuation space and stock price have been hit.

There will be a certain degree of expansion in the long-short divergence of the disk.

Other low-level stocks in the main line that have not risen much before and are completely lagging behind the rise of the sector index may have a strong catch-up market. ”

"Although judging from the signs on the disk, there are traces of 'high and low switching' within the main line plate." Yu Lei took over and said, "However, I think that the current market turnover and volume, that is, the liquidity of the entire market, under the premise of mainly focusing on the two main lines of 'big finance' and 'big infrastructure', the incremental capital groups that have poured into the relevant industry sectors and concept sectors of these two main lines are completely abundant and even overflowing."

Such abundant liquidity.

Even if a number of stocks in the two core main areas of 'big finance' and 'big infrastructure' have risen to short-term highs, the divergence between long and short on the market has increased, and such liquidity can fully support the stock price.

In other words, the capital groups that are flocking to the two core main lines of 'big finance' and 'big infrastructure'.

In the case of excess and overflow as a whole.

Even if there is a trace of 'high and low switching' within these two core main lines, the impact on the trend of the corresponding constituent stocks is not very large.

Take the securities sector, the most popular core sector trend in the two cities.

The check of 'Western Securities' can be regarded as the leading stock that led the rise before, right? In more than half a month, the stock price has doubled.

And 'Southwest Securities, Pacific Securities, Founder Securities' these constituent stocks.

It is a stock that is relatively lagging behind the growth of the sector and is low and low, right?

Looking at today's market trend, even though the main capital group is giving priority to attacking the stocks of 'Southwest Securities, Pacific Securities, and Founder Securities' at low prices and low prices.

However, due to the overall market size of these stocks, they cannot fully accommodate the incremental funds pouring into the securities sector.

As a result, funds quickly spilled over to other constituent stocks.

As a result, the check of 'Western Securities' can continue to rise by 6 or 7 points at a relatively high level, and it can continue to be stronger than the trend of the core indices of the two cities.

That's why I say that even if it's within the two core main areas of 'big finance' and 'big infrastructure'.

There has been a certain degree of 'high-low switching' pattern trend.

As long as the turnover and turnover of the market are still on the rise, as long as the active capital flow flocks to the main line of 'big finance' and 'big infrastructure', it is still in a relatively abundant state.

Well, in fact, there is not much difference between holding strong stocks and weak stocks.

We don't have to take the initiative to adjust positions at this time, because we are adapting to the so-called 'high and low switching' market trend that occurs in these two core main areas.

As long as we are in the direction of our main position.

Maintain the two main areas of 'big finance' and 'big infrastructure' with the strongest current future expectations, the highest market certainty, and the strongest rush to raise funds from all walks of life and over-the-counter incremental capital groups, then in any case, it can easily outperform the market market index.

Instead...... If we take the initiative to adjust our positions and adapt to this 'high and low switch' market trend of the market.

It is very likely that the excess profit is not eaten, but the chips are easily lost.

After all, in the case of a steady stream of incremental funds and relatively aggressive and abundant funds to follow the trend, it is relatively easy to sell and it is relatively difficult to buy.

As long as we sell the chips and then want to buy them back at the original price, basically, in the current market situation, it is unrealistic.

So, at this time, a relatively reasonable trading strategy.

I think it's better to keep a static position, look more and move less.

Mr. Liu didn't see the group of funds who took the initiative to adapt to and do the 'high and low switching' market yesterday, and have lost the chips in the main line areas of 'big finance' and 'big infrastructure'?

Among today's aggressive margin chasing funds, there must be a large number of funds that sold yesterday. ”

After listening to Yu Lei's analysis, Liu Guanhai pondered carefully for a while, nodded, and said: "You are right, there are many trading opportunities in the market, and we can't seize every opportunity.

As long as the big investment is in the right direction, then the profits should be allowed to run.

In this case, let's maintain a static position, and see what kind of space can the line of 'big finance' break through to what kind of space can the valuation of market-weighted stocks go under the market rumors that the market bull market expectations are becoming more and more clear, and the central bank's interest rate cuts and RRR cuts? ”

After speaking, Liu Guanhai once again set his eyes on the two markets that were trading fiercely.

I saw that at this time, the market trading time had come to about 1:30.

After half an hour of fierce trading, the form of 'big finance', 'big infrastructure' related industry sectors and concept plates leading the two cities has become more obvious.

Moreover, under the huge incremental capital group, as well as the active capital group, the concentrated gathering and grabbing of funds, and following the trend.

The trend of 'high and low switching' in the main line areas of 'big finance' and 'big infrastructure' is also becoming more and more obvious.

Although the two main core popular stocks are still in a continuous upward trend, and the turnover and trading volume are still in a significant upward trend compared with the previous trading day, on the whole, their disk gains have not been able to outperform many low-level and low-priced constituent stocks in the main line areas.

Of course, in the field of popular concept sectors such as 'Internet finance' and 'sub-IPO'.

It is still the pattern of 'the strong are always strong'.

At 1:32, the turnover of the two cities exceeded 550 billion, once again refreshing the new high of the turnover of the two cities in the same time period, and at this moment, the A50 index rose by 3% during the day, and its index constituent stocks, 46 of the 50 stocks rose in the red disk, exceeding the 90% rise rate.

At 1:33, the intraday turnover of 'CEFC Securities' broke through the 10 billion mark, and the stock price began to rise sideways in the range of 6.10% to 7%.

At 1:34, the main contract of A50 index futures rose to the 3.5% mark during the day.

At 1:35, the intraday increase of the securities sector index hit the 5% mark, and within the sector, there have been more than 6 securities stocks up and down.

At 1:36, the two major weighted industry sectors of banking and insurance rose by more than 2.5% during the day.

At 1:37, the Shanghai Composite Index hovered near the 2% mark.

At 1:38, the steel sector rose by 4.49%, ranking second in the list of industry sectors in the two cities.

At 1:39, the two weighted stocks of "Huaguo South Car" and "Huaguo North Car" hit the price limit board in unison, and at the same time, the "reform and reorganization of central enterprises and state-owned enterprises" plate, as well as the "non-public transportation" plate, also followed the trend rapidly, and the corresponding stocks with the same concept once again exploded higher.

At 1:40, 'Hengsheng Electronics' hit the price limit.

At 1:41, the non-one-word daily limit stocks in the two cities hit 62, and among them, more than 15 daily limit stocks are large-market stocks with a market value of more than 30 billion.

At 1:42, after the Shanghai Composite Index rose to around 3450 points, it began to encounter resistance.

At 1:43, the main contract of A50 index futures expanded rapidly to around 3.65% in the day, and also briefly lost the momentum to further rise. (End of chapter)