Last week, the stock indexes of the two cities fell more and rose less, and the stock index continued to shrink to a phased level of new lows. The three major stock indexes rose and fell on Friday, and the market sentiment took a sharp turn in the afternoon when the small- and mid-cap stock index led the decline. The turnover of the two markets on the disk was 779.4 billion yuan, which was 6% larger than that of the previous trading day. The industry, coal and non-ferrous metals industries led the decline, and the Internet, media and advertising packaging sectors led the decline, with the median average increase of the two cities at -113%。More than 4,000 ** closed down in the afternoon, the stock index fell in the process, the number of companies fell and fell by more than 7%**, and the stock index weakened and continued to adjust for more than a month. Northbound funds sold a net of 25 throughout the day1.1 billion yuan, mainly increasing positions in the media, battery and steel sectors;Last week, foreign investors as a whole sold a net of 223.6 billion yuan.
From a technical point of view, the main board indices are still in the stage of weak consolidation, and the mixed way is repairing the best system. The Shanghai and Shenzhen indices formed an upward resonance after the multi-cycle and multi-index entered a low level, and had the characteristics of short-term stop falling and stabilization. Friday's retracement is part of the over-falling rhythm and does not change the current restorative phase. The bottom structure of the Shanghai 50 and CSI 300 indices is about to confirm the resonance, and once the indicator divergence is presented, the index repair will continue. Small and mid-cap stock indices led the decline, lacking a signal of the end of the pullback after the medium-term trend reversal, and it will take time for the stock index to be mixed in a weak state to further repair to ** bonding. The market volume can be maintained in a state of shrinkage, and it is difficult for large and small cap stock indexes to show a continuous general rise.
On the whole, the short-term market is still in the stage dominated by emotion, which is also a unique signal at the end of a round of ups and downs. The weighted sectors in the market have stabilized one by one, and the hype of the theme that led the rise has entered a period of ebb and flow. The last round of index lows at 2963 points on October 23, the announcement of a reduction in stamp duty after hours on August 25, and the management proposed to "activate the capital market and boost investor confidence" after trading on July 24. On the sidelines, the relevant departments made a supplementary explanation on the market impact caused by the game management measures over the weekend. This week, there will be 97 ** facing the lifting of the ban, with a total market value of 90.3 billion yuan. At the same time, the end of the year has always been tight, but historical data shows that in the past few years, most stock indexes closed in the red in the last week of the year. From a technical point of view, all indices are in a restorative cycle, and the rhythm of the upward movement has not changed. In the relatively low area of the index, the strategy should maintain the initiative, short-term speculation is suitable for panic and low-absorption spread operations for the varieties of positions, reduce the frequency of new positions, maintain the focus on swing and medium-term positions, and wait for the market trading sentiment to warm.
Disclaimer: The strategies and cases mentioned in the article are all excavated after my review and thinking about the market, without any subjective tendency, written out only as a sharing of ideas, throwing bricks and leading technical exchanges, not as a suggestion for any person to operate.
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