After a rare 8-day streak, the Shanghai Composite Index has just broken through 3,000 points, and today it ushered in the first negative line after the Spring Festival. The intraday low fell to 2967 points, the maximum decline was more than 1%, * the maximum reached 37 points, and the more typical time sharing ** mainly started at 13:42 in the afternoon, this dive was the most obvious throughout the day.
If you look at the disk a little, you can know that today's ** is mainly the early stage of the relatively strong in the special valuation as the representative of the Chinese head, which includes both the traditional energy sector, as well as the large state-owned banks represented by the head of the word, it is the overall adjustment of these heavyweight stocks, so that the index suddenly ended the rally.
Of course, this kind of ** is not without a fuse, in fact, since last Friday, the coal sector has taken the lead in adjusting, it should be said that from the beginning of last year and even the beginning of the two months, the coal sector has been very strong, but the strange thing is that the trend of the coal sector before the Spring Festival is very moderate, and it is the opening of the Spring Festival in these few trading days, the trend of the entire coal sector has shown an acceleration of **, such as Shenhua rose 10% in a week, of course, this is not only reflected in the coal sector, PetroChina also began to accelerate after the Spring Festival, rising by more than 10% in a week.
This is to say that the traditional energy stocks represented by coal have a collective acceleration phenomenon, measured from the operation law of stock prices, acceleration often means the end of the short-term **, and the next may face adjustment, so from last Friday, coal took the lead in the downward trend, and today it has spread to the entire Chinese prefix plate, because the plate itself has a large weight, if the plate is collectively adjusted, of course, it will form a relatively large pressure on the index, Therefore, whether it is coal or all kinds of Chinese characters, there was a collective dive again after 13:42 today, triggering the intraday unanimous downward trend of the index.
Coal has been adjusted for 2 consecutive trading days, today a lot of ** adjustment is not small, so a question comes, does it mean that the rise in the coal sector is over, my opinion this year coal is indeed a lot, the heat is also very high, from the absolute increase in the need to expand the stage of adjustment, but to say that the peak I think it is still necessary to observe, at present can not blindly make this definition, wait for the future trend to further change and then say, After all, the Chinese word represented by coal is still in a bullish trend, and it can't be defined because of two days, which is obviously not too objective.
Lost 3,000 points, the Shanghai Composite Index ended 8 consecutive yangs, and the mission of "saving the market" was completed?
The reason why so many words are used to talk about the coal sector is that I think coal is the core main line of the market since last year, and even this year, and it is also the vane that drives the collective strength of the Chinese word.
But now coal and the word head is facing the phenomenon of capital differences, it is easy to make people have an intuition, that is, the previous market expectations of the higher "bailout" funds seem to be from today not much movement, everyone will be in the word, CSI 300 ETF these trends are seen as a symbol of the disk protection funds, these short-term trends are not good, there is a "bailout" mission to complete the statement, or the next national team funds will not be shot for the time being, after recovering 3000 points, the market funds need to resume the rally.
I think this should be divided into two to look at, I also said before, this wave of the market is a short trend, there has been no incremental funds outside the market, the current rescue funds are temporarily unmoved, because of the breakthrough of 3000 points, and then the disk protection funds will not be pulled for the time being, give other capital style opportunities, to see if the market can be activated, and from the actual effect of the effect is OK, although today although the gem is the first, and the intraday once rushed through a wave, The better rally is the Science and Technology Innovation 50 Index and the Science and Technology Innovation 100 Index, as well as chips, medical care, artificial intelligence and other varieties that have been heavily held in the past.
This wave of "bailout" capital mission is not so easy to complete quickly, in fact, always staring at the market, you don't look at today's Chinese word diving obviously, but today's ** when the number of the two cities is 3600, the number of ** is 1400, or most **in**, the Shanghai Index has traded 420 billion yuan, but there is no obvious shrinkage, I think this is a benign trend.
Generally speaking, the mission of "bailing out the market" funds has not been completed, and it is just a temporary break to let the market recover on its own.
Disclaimer: The content in the article is for reference only and does not constitute any operational advice or tips.