Reading guide:Today,Is it necessary to put the "pot" of market adjustment to the options to carry it?Anyway, no matter who is to blame, the market is always adjusted, at the same time, today's turnover is only billions more than yesterday, but the market performance is indeed a world of difference, the same without foreign interference, the two days of the trend difference is very large, note that today's domestic investment is more than yesterday's volume, much stronger than expected, this is to prevent foreign capital from coming back tomorrow to gather wool
The trend of the index is still slightly differentiated, and the relative decline of the Shanghai Index is smaller, which may be directly related to the protection of GJD, but today's money loss effect is much larger than yesterday, indicating that the demand for funds has been amplified, and the Shanghai Index fell 068%, and the science and technology 50 fell 143%, the Shenzhen Component Index fell 107%, GEM fell 126%, CNI 2000**151%, but CSI 800 only ** 078%, so today's theme hot spot continues to ebb and flow, and it is worth mentioning that because of today's adjustment, the possibility of divergence from the bottom of the daily line has been affected again......
Therefore, although there is no continuation of the state of "high cut low" today, we see that the state of the CSI 300 is similar to that of the Shanghai Index, so today's "high" has played a good supporting role, if the "high and low" go down at the same time, the index is not the current state, so today's "high" also plays a defensive role, so once the "high cut low" becomes a new style, then now is the best period for position adjustment and stock exchange!
On the time-sharing chart, the Shanghai Composite Index opened after the ** downward, 13After 30 minutes, but the duration is too short, after 14 o'clock, it fell again, and the tail was slightly warped, note that the degree of the yellow line falling back is obviously greater than **, so the small and medium-sized are the main force of the fall, and the time-sharing transaction is in an orderly state of relatively dense sell-off throughout the day, which means that the selling pressure in the day is amplified.
Of course, the Beijing Stock Exchange is still walking with a wide opening and closing, and the state of Shuangchuang and CNI 2000 is almost the same, and the state of CNI 2000 is still relatively dense selling pressure, 13After 30 points, the ** is shrinking, and the buying is not resolute, and around 14 o'clock again into a relatively intensive state of selling pressure, so the demand for cash is significantly amplified, but there is a state of some grabbing ** at the end of the market.
In our opinion, this may have something to do with the intraday funding structure, although yesterday's financiers did not significantly shrink, but 12Since the 13th, the financing balance has decreased by 14.3 billion, presumably today may also be reduced state, in addition to financing customers, capital and some institutions are also the prefers of the national certificate 2000, when the market is weak, the demon stocks are clustered, these two days will not appear again in the early stage of the "beast stocks" strong again......
Let's take a look at today's industry performance, the primary industry is only left with petroleum and petrochemical and environmental protection micro **, almost a total annihilation, computer, electronics, communications, social services and machinery and equipment and other industries led the decline, note, TMT plates all led the decline, real estate also continued to fall, the most interesting is coal, went a high level to fall back, leaving a long upper shadow line, may be phased to pay attention to.
**Leading the rise, phosphorus chemicals and glyphosate in agrochemical products have led the rise, scattered,**Recently, it is actually not bad, but in fact, it has deviated from a reasonable range, from the point of view, there is no cost performance at present, but there may be some hedging attributes and zz attributes, however, the theme concept of the day is scattered, but under the weakness**, the state-owned banks are still strong, which shows that GJD is in support.
The theme of the decline is concentrated in the TMT sector, which fully reflects the adjustment of the first-level industry, such as state-owned assets cloud, Euler Ascend, chiplet, optical communication, etc., whether it is information innovation or AI, basically not spared, however, the theme effect of the market began to fall back from last week, and then pull a little farther, in mid-November, we used the computer index as an example, saying that the ** at that time Can't pass the neckline of the early double-headed, which has been confirmed by the market, so let's say it again today, the low point of the computer index at the end of October, it can't be stopped, this round down, at least look at the low point of the 2nd wave!
What is the core logic?In fact, there are two, from the fourth quarter of last year, to the beginning of this year, to the AI, and then to the third and fourth quarters of the HW**, at least for now, the performance of the information and AI has not landed, and the third and fourth quarters of the HW** is actually based on storytelling, which is destined to the ephemeral nature of the theme investment, so it has come to the annual report expectations, and at the same time it is the end of the fourth quarter, the action of institutional position adjustment and stock exchange is unavoidable, so this is also one of the logics of "high cut low" in the first quarter!
1. The total turnover is 628 billion.
2. **3754, the loss effect is amplified.
3. The outflow of main funds was 20.9 billion, an increase of 16.3 billion from yesterday.
Today's data is a little powerless, the turnover only increased by about 5 billion, but the domestic capital has smashed 20.9 billion, in this state, the index is good, the structure is not, can not bear, and in the process of falling, it is easy to form a vicious circle, most people are afraid of continuing to **, so there are constantly people who choose to redeem, which leads to institutions will also be passively sold, there is no use for ck guidance, so when can it be stabilized, at least in terms of the current capital structure, it may depend on when the redemption stops...
Today's adjustment, the possibility of divergence from the bottom of the daily line has been reduced, note, there is no foreign interference in the past two days, but there is on Wednesday, so we have to consider two issues, one is the outflow of foreign capital as soon as it comes up, according to the state of domestic capital in the past two days, it may be a new low;If there is an inflow of foreign capital, the probability of a low market level is even greater, and this matter cannot be guessed.
The third question, the current reverse repo is really good, so there will be funds to participate before Friday, so the second half of the week may be the time for onlookers to see the lack of liquidity, and in the state of decline, whether it is to continue to adjust, or **, in fact, it will usher in the relative amplification of selling pressure, so we may be inclined to continue to shrink, in the state of foreign capital return, the amount can still reach about 600 billion, that is the real absolute volume, it is possible to usher in a reversal, do not worry, and wait!
I am Muyi, sharing my cognition, but not as an investment basis, profit and loss are the same, knowledge and action are one!
Kunpeng Project