February** Dynamic Incentive Program
Reading guide:7Lianyang,Since we refuse to adjust,So as long as the two main lines of the market continue,Then "Luoxia and the lonely bird fly together",The overall situation of general rise,In this way,The mood of the market will also become stronger over time,In other words,Since we refuse to adjust,Then "continue to play,Then dance"It's good,As for the possible band,Stretching the long cycle,In fact, it can be ignored,But the core still depends on your current configuration and**,In other words, As long as the two main lines are not broken, it will be very difficult for the market to make a big adjustment......
However, there are actually two typical characteristics of the intraday market, one is differentiation, which is not only reflected in high dividends, but also in the TMT sector; The other is the standard policy-driven logic, of course, this round of ** just happened to be due to this logic, the strong supervision above, the confidence in the market is restored, needless to say, and there are obvious practical actions, but it has also caused a possible phenomenon.
From the point of view of data, we believe that the preference of long funds before the holiday is concentrated in two categories, one is the variety of high dividends and high dividends, and the other is ETF, which brings a possibility, in addition to GJD and some of the funds willing to follow, I believe that more funds (short positions and wait-and-see) did not get cheap chips in the process of the last wave of killing, in other words, after the long flip, the institution has not been able to quickly do the flip more, which brings a potential benefit, if the market has been strong, The over-the-counter funds will be able to intervene at a higher level, so it will eliminate the worry that it should not fall.
On the other hand, this week's structure is actually very similar to last year's Spring Festival, the difference is that last year was ChatGPT, this year it became Sora, however, this time it is difficult to have last year's ** phenomenon of not dying, investors' preferences will be closer to the core layer, at the same time, there will also be some new opportunities, but the core is also performance and theme driven, if they can all be accounted for, there may be higher elasticity!
The previous article is undoubtedly the most typical condition of the current market, corresponding to the corresponding **, however, there is a small composition today, which can be described as a rapid fermentation, true or false, but it will inevitably have an impact on emotions, and the trend of the time-sharing level does confirm some, if the opening half an hour and the end of the half an hour can not be net selling, then during this period is not to worry about **? In addition, after this period, is it possible to start to generate high volatility? Moreover, is there an opportunity for arbitrage in these two half-hour hours? It's always an interesting ......
Looking back at today's market, the index level is basically a rush up and then a rise again, and the Shanghai Composite Index rose 127%, Science and Technology 50 rose 096%, the Shenzhen Component Index rose 076%, the GEM rose 031%, therefore, the preference is still concentrated on the main board, which means that the funds for high dividends and high dividends have continued to rush to raise funds, and the preference for entrepreneurship and entrepreneurship at this time has been differentiated, in addition, the CSI 1000 rose 154%, CNI 2000 rose 191%, indicating that the small and medium-sized enterprises are still continuing**, which means that the two main lines mentioned above are considered to be divided into courts, dividing the bullish sentiment of current investors, and the mid-cap growth and value performance are the best.
A brief look at the time-sharing chart, the Shanghai Composite Index opened slightly lower and then quickly attacked, 9After 51 points, there was a pullback, and after 10 points, it accelerated back and turned green, during which it was indeed accompanied by the amplification of selling pressure, 10After 12 minutes, it began to be unilateral**, and it fell back twice in the process, but it did not change the trend of the upward attack, and the end of the market ushered in obvious buying, so it may be possible that the intraday time-sharing chart can confirm some of the previous small compositions on the side.
By the way, the Shanghai Index has appeared for four consecutive trading days the yellow line is stronger than **, the performance of the gem is more prominent, combined with the structure of the year, indicating that the weight of entrepreneurship and entrepreneurship is indeed not the main area of current capital preference, or in other words, the preference of funds in terms of index and structure, obvious differentiation and diversion objectively exist, theoretically, we believe that at least before the meeting, this phenomenon will continue, as for the thematic opportunities during the year, it may be necessary to wait for the meeting to determine the ......
With the above three typical characteristics, in retrospect look at the industry or structure is simple, coal, computer, communications, petroleum and petrochemical and media and other industries led the rise, in fact, the first industry is all **, however, yesterday's leading part, this morning during the lead is the decline, at the same time, also accompanied by the aforementioned differentiation, belongs to the differentiation of the main line of high dividends and high dividends, and although the TMT sector as a whole is also leading, but also differentiated.
One thing must be mentioned, overnight GZW on the news that central enterprises will exert computing power, has an absolute role in promoting today's theme to lead the rise, state-owned assets cloud, eastern data and western computing, smart government affairs, computing power and other concepts lead the rise, so it can also be regarded as the differentiation of the TMT plate, because of the news and become concentrated**, in addition to mentioning a mouthful of petroleum and petrochemical, we see the concept of shale gas leading the rise, but also see a sharp rise in oil, which is related to the latest progress of the market value management of state-owned enterprises.
1. The total turnover was 830.7 billion, and the volume shrank by 159.3 billion.
2. **4583.
3. The main capital inflow was 6.7 billion.
4. The inflow of foreign capital was 3.7 billion.
Dismantling the data, first of all, there is too much shrinkage today, which shows two problems, one is that the trading activity has decreased compared with yesterday, and the power of buyers and sellers is decreasing simultaneously, which can also be seen from today's mainstream capital flow; On the other hand, the selling power of the A** market continues to weaken, which is related to strong supervision, but it still does not bring about the accelerated intervention of over-the-counter funds, which means that there are more funds in the wait-and-see mood, and it is not excluded that it is a definite thematic opportunity to wait until after the meeting.
Secondly, as mentioned above, the time-sharing chart is somewhat confirmed, in fact, the main funds and foreign capital can be more confirmed, almost all the funds that can be seen have a diving outflow after 10 o'clock, but this force will last for half an hour at most before disappearing, which can only show that the institutions that are still cashing out, in fact, the demand for cashing has become less and less, and at the same time, 14After 04 minutes, almost all the money that can be seen is turning around, 14It's still accelerating after 30 minutes, so it's not necessarily groundless!
Finally, we saw the latest data, since 2024, the net subscription amount of ** ETF is as high as nearly 342.3 billion, among them, the broad-based ETF has undertaken a huge amount of funds, not much to say in January, whether it is an institution, or **, there are very few that can keep up, so at least most of the chips have been collected by GJD detour, and now the market is selling less and less, so the funds outside the market will inevitably need to intervene in a higher position as mentioned above. We don't need to say more about the rest, the ultra-short term does not rule out twists and turns, but in the medium and long term, it is ...... not to follow you
I am Muyi, sharing my cognition, but not as an investment basis, profit and loss are the same, knowledge and action are one!