The Shanghai Stock Exchange has exceeded 400 billion yuan for 2 consecutive days, what does it mean?

Mondo Finance Updated on 2024-01-29

A shares yesterday's ** situation as a whole is benign, whether it is the Shanghai Composite Index or the ChiNext Index, have closed out a more powerful yang line, although the Shanghai Index did not swallow all the negative line entities last Tuesday, but also recovered half of the lost ground, but the lower shadow line is a little long, but the lower shadow line makes yesterday's positive line appear more confident, the most critical point is that the Shanghai market yesterday's turnover reached more than 400 billion yuan again, remember that last Friday's turnover was about 420 billion yuan, That is to say, the turnover of the Shanghai market has exceeded 400 billion yuan for two consecutive days.

Again, I always have a cognition, that is, when the turnover of the Shanghai market can be maintained above 400 billion yuan, the market has the ability to attack upward, and the index may expand the space.

Of course, if we compare the short-term upward characteristics of the Shanghai Index and the ChiNext Index, the ChiNext Index obviously has an advantage, or the signal significance is more obvious, why do you say so?

In yesterday's intraday Shanghai index took the lead in breaking the past three trading days of the horizontal consolidation trend, directly broke the low point of the past three trading days, and you go to look at the ChiNext index, the Shanghai index fell sharply in the morning, although it followed, but did not break the low point of the previous three trading days, that is to say, the ChiNext index did not hit a new low, and the ChiNext index yesterday rose more than the Shanghai index, yesterday a positive line not only swallowed all the yin line last Tuesday, but also swallowed half of last Monday's small yin line, This shows that the trend of the ChiNext index seems to be far ahead of the Shanghai Index, and the significance of the ChiNext index not going to a new low can highlight the willingness of funds not to continue to short in the short term.

From this point of view, I think that if the GEM index can break through the 20-day line in the short term and stand firm, then a double bottom will be formed, which is a very expected trend.

What do you think about A-shares on December 12?

The above is just a summary of yesterday's market, as well as an elaboration of some positive signals that appeared in the ChiNext index. Specific to today's disk, I think the main thing is to look at the brokerage sector, the reason why the brokerage trend was relatively weak for a period of time before was related to the relevant negative situation at the end of last week, and after 14 o'clock yesterday afternoon, the brokerage suddenly rose, not only in the morning **136% of the loss of the ground recouped the lost ground, and the increase was once close to 2%, which shows a problem, in the brokerage sector is shown to be a good situation after the bearish cash, so the previous weak consolidation of the brokerage should also come to an end.

If today's brokerage can continue to attack upward, then the probability of the market continuing to rise is very large, if the brokerage trend opens low today, it is not only for the brokerage, but also for the entire market It has become a flash in the pan, but I am more inclined to the brokerage should not pull the crotch this time, as a whole, the ** should be sustainable, after all, yesterday the Shanghai index from the low point to the high point of the process of pulling, is the national team shot again I don't know, but if there is no strong external capital intervention, The market will not eventually close out of the positive line, just from this point of view, we should continue to be optimistic about today's trend.

Disclaimer: The content in the article is for reference only and does not constitute any operational advice or tips.

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