"The main capital group of the market will further converge to the core weighted stocks of the popular main line, which will be ...... Is it caused by the pressure of 3600 points in the Shanghai Composite Index? Next to Chen Shen, Gao Yixiang, the trading team leader who heard Chen Shen's emotional voice, responded, "I feel that although many stocks in the hot main line of the market have diverged today, there is still no problem with the overall market development and the continuous money-making effect of the market, right?"

After all, there are a number of high-priced hot stocks such as 'Flush, Shanghai Ganglian, Bluestone Heavy Equipment, and Huake Sugon ......'.

There are also a number of popular mainline weighted blue-chip large-cap stocks such as 'Huagong International, Huaguo Construction, CEFC Securities, Huashang Securities, Huaguo Metallurgical ......'.

The overall money-making effect is still rising.

At least for now, there is no sign of a correction in these stocks, right?

I think as long as the market leader does not die, then the market will not stop, whether it is the Shanghai Index, or the Shenzhen Index, or the ChiNext Index, there is a high probability that it can continue to break through.

Of course, in addition to the market trend of these high-standard faucets themselves, as well as the performance of market sentiment.

The performance of the two cities is also very important.

However, looking at the volume of today's market, there is still a continuous upward trend, and the trend of shrinkage in the first two days has not developed to today.

The amount of energy of more than 950 billion has increased by more than 10 billion compared with yesterday.

I think this amount can be increased, so it should be very healthy, right?

In general, I think the current trend of the two markets should also be very healthy, we should continue to hold long, and we can also appropriately according to the development of the market, as well as the trend of the main funds continuing to concentrate on the core mainline weight blue-chip large-cap stocks, to further concentrate positions, so as to obtain more excess returns in the market at this stage, and further raise the net value of our fund products. ”

"On the face of it, nothing you say is wrong." Chen Shen's eyes did not leave the fixed frame of the two markets, but waited for Gao Yixiang to finish his analysis, paused for a while, and continued, "But don't forget, the current accumulation speed of short- and medium-term profit orders and unhedging orders in the market is still far faster than the speed of over-the-counter incremental funds.

At the same time, if it is this core popular main line area.

Compared with the trend of leading stocks, a large number of constituent stocks that are not so smooth, at this stage, cannot further open up the upside of the stock price, and the valuation cannot be further increased rapidly, so ...... It has the same concept and is a group of core weighted leading stocks in the same industry.

It is also impossible to continue to strengthen independently, and the valuation is too far from these non-popular core mainline stocks.

Analysis based on past historical market trends.

The anchor of market valuation is not determined by these core leading stocks, popular stocks, and conceptual leading stocks with active funds from all walks of life, but by a large number of ordinary constituent stocks with general fundamentals and no main capital groups focusing on and controlling.

In other words, even if the market is in a bull phase.

Although industry leaders and growth leaders with excellent fundamentals can enjoy the valuation premium and liquidity premium of the market to a certain extent, they still cannot completely detach themselves from the general valuation level of the industry as a whole, and cannot exceed the valuation of ordinary stocks in many industries too far.

If the valuation difference between the two is too large.

Then, there is no doubt that in the end, the valuation of leading stocks will have a corresponding drawdown.

It also shows that in this case, the valuation of leading stocks will be generally overvalued, and there is a certain bubble in the corresponding stock chips, and since there is a bubble, it will inevitably be accompanied by risks.

Fall on the current market situation.

Previously, there were three core main areas of 'big finance', 'big infrastructure' and 'military industry'.

Whether it is a core leading stock, a weighted blue-chip stock, a concept of popular stocks, or a group of ordinary constituent stocks, although it is not a complete general rise situation, there is a slight gap in strength and weakness between the two, but in general, there is no excessive differentiation.

But now, this division has emerged.

This shows that in the three core main areas, this large number of expected imagination space is limited, and there are non-popular ordinary industry stocks, which have reached the expected price in everyone's hearts.

That is, the most optimistic expectation that everyone estimates is the current stock price reaction position of these stocks.

Further up, the willingness of the bulls to undertake, as well as the power of the bulls to take the initiative, will inevitably weaken significantly under the premise that the investment cost performance and the profit and loss ratio gradually lose the cost performance.

At the same time, a large number of short- and medium-term profit orders and unhedging orders that were previously deposited inside these stocks.

When the stock price has met expectations and has fully reflected the fundamentals...... It is inevitable that the idea of 'reducing positions and taking profits' will be born, and they will continue to sell in a large concentration.

I think that's what is going on in the market today......

'Big Finance', 'Big Infrastructure', 'Military Industry' and other core main areas.

In a large number of weighted core stocks such as 'CEFC Securities, Huashang Securities, Huaguo Construction, Huaguo Metallurgical, Huagong International, Huaxin Building Materials ......', as well as the share prices of blue-chip large-cap stocks have continued to hit new annual highs and new highs, and on the disk of these tickets, the main capital groups still show large-scale net buying, the entire core main line area, the total main capital trading situation, there will be a slight net outflow of reasons. ”

When Chen Shen said this, his eyes shifted from the frozen two markets, looked at Wang Jinglun, the leader of the other trading group who had never spoken next to him, and asked, "Jinglun, what do you think?" Do you have any thoughts on today's closing results of the two markets? ”

Wang Jinglun saw Chen Shen asking, pondered for a while, took his eyes off the computer screen, stood up and said: "I think what Mr. Chen said is right, the trend of individual stocks in the same industry sector and the same concept sector in the popular main line field is generally differentiated, and it will definitely not be a good thing for the next market performance of the market."

Although the turnover of the two cities is still rising today.

But there is no doubt that the internal chip structure of many stocks is clearly starting to loosen.

During this period of time, as the index continues to rise short-term profits, as well as the unhedging of the hedging disk, as well as some floating hedging chips, in the face of the Shanghai Index rising to this point, and the technical side has completely deviated, the idea of taking profit and taking profit, or reducing losses and stop loss, should be very strong.

On the other hand, the bullish sentiment in the market, as well as the potential power of bullish funds.

Although the bullish sentiment in the current market is still hot and remains at a high level, we all know how difficult it is to 'go further'.

In the case that the market bullish sentiment is already in an extremely hot situation, it is necessary to take the sentiment one step further.

Even if there is a positive macro news stimulus, it is very difficult and difficult.

And the bullish sentiment can not be further progressive, that is to say, the active bullish group that is currently optimistic about the market situation has basically entered the market.

This means that the market is the most active bullish capital force.

It has been exhausted in the continuous short squeeze rise in the previous market.

At present, it can also support the upward trend of the market and continue to undertake funds on the market market, as well as many popular leading stocks with strong expectations, and even mainline stocks.

It can only come from the group of potential investors who have not yet entered the market outside the market.

At this time, although under the current situation, the overall bearish sentiment in the market is very weak, and there is basically no public short voice.

But I just said that......

In the continuous rise of the index for a month, the continuous accumulation of short-term profit-taking energy, as well as the ability to unhedge and float hedging, is very terrifying.

Moreover, these funds can be said to be potential short-selling forces in the future.

In other words, at this time, the potential long capital power of the market is already far weaker than the potential short power.

If the mainline market cannot further open up the valuation space, the valuation of the mainline ordinary constituent stocks cannot be further improved.

Large-scale capital groups that lock up positions on the market, as well as fund groups that are gradually undertaking off-market and are still optimistic.

Suddenly, there was a huge disagreement.

Then, a large number of potential bears in the field realize that the market is not so easy to rise positively, and the money-making effect will gradually decrease, and the concentrated selling tide of the sky will come.

So, at this time, there is a potentially huge risk of a correction in the market.

There is no problem either.

I think we can't follow the market trend at this time, as well as the radical operation of many active capital groups, and think about further concentrating positions and chasing the leader to obtain excess profits in the market.

On the contrary, it is necessary to appropriately reduce the holdings of some mainline stocks, and do a good job in risk control that the market may be extremely volatile, or extremely adjusted.

There is also the problem of the general differentiation of the main line stocks that Mr. Chen just mentioned......

According to the past historical market trend, in general, in the same popular main line area, individual stocks have been greatly differentiated, and it is not far from the end of the main line market. ”

"Okay, this analysis is good, it is reasonable." I don't know when, Liu Ziliang, the general manager of the company, also arrived in the trading room, only to see a smile on his face, smiling at Wang Jinglun, who had just finished his analysis, and said, "Even though the market is a bull market, but in the process of holding positions, we really can't take it lightly, only see the expected profits, and can't see the possible risks hidden behind the disk." ”

"Mr. Liu, do you think it'......" A look of surprise appeared on Chen Shen's face, and he couldn't help but ask.

Liu Ziliang continued to laugh, planned Chen Shen's words, and said: "Your analysis, when I was at the door just now, I have already heard that the Shanghai Index has been continuously shorted in the past month, which is to let the majority of investors in the market form a comprehensive expectation that this is a bull market."

Now, this fully desired outcome has been achieved.

In other words, many of the main funds that intervened in the market on a large scale a month ago have fulfilled their expectations.

Now that the expectation has been fulfilled, can these funds still hold back the idea of reducing positions and taking profits? I'm afraid it's unlikely, right?

In addition, before the central bank's monetary policy lands next month, the current market can be progressive, and it has indeed increased to a bottleneck position.

The performance of this volume in the current market, as well as the accumulated continuous profit orders and unhedging orders.

It wants to rely on the continuous progress of financing and the gradual influx of a large number of potential investor groups from the over-the-counter to support the market and continue to open up space.

I think...... Basically, it's still unrealistic.

Therefore, since there are potential risks, and in the follow-up major main line areas, the market is developing, the investment cost performance, and the profit and loss ratio are not high.

At the same time, on the disk, it also shows a trend of differentiation.

Then, appropriately reduce positions and take profits on those mainline stocks that have achieved the expected fulfillment, and reduce a certain position to deal with the extreme adjustment risks that may occur in the market.

That is, it is a natural and smooth thing. ”

"Thank you Mr. Liu for your approval." Chen Shen didn't expect Liu Ziliang's thoughts to be completely consistent with his own, and he was very happy in his heart, and responded, "Then I will implement my ideas." ”

Liu Ziliang nodded, turned his gaze back to Gao Yixiang and Wang Jinglun, and said, "You two are good, you both have your own opinions." ”

The two of them smiled slightly awkwardly, and then responded with a sentence or two before lowering their heads and continuing to review.

When the eyes of the two fell back to the fixed plate of the two cities, the market time had moved to 5:30 p.m., and the list of dragons and tigers of the two cities, as well as the balance data of the two financial institutions, were refreshed at the same time. (End of chapter)