The disk protection funds are still in action, and the A-share tail market is diving, what does it mean?
Today was another frustrating day for the market. At about 14:30 in the afternoon, the number of ** in the two cities was only 330, and the number of ** reached 4800, it can be said that the market crotch phenomenon is really too powerless, look at the Shanghai Index intraday ** reached 44 points at most, a decline of 152%, and the ChiNext index is weaker than the Shanghai Index, not only did it fall by 2% again during the session, but the key is that it is brushing new lows every day, and this kind of bottoming process that makes people unable to see hope is too difficult.
As a result, some people in the market said that there is a high probability that the authoritative funds have rested, and the previous disk protection action has also come to an end. I don't agree with this, in fact, the disk protection funds are in action every day, you look at the CSI 300 ETF that was more popular before, today's time-sharing has three volume increases, the first time is from 10:44, the second time is from 11:17, the third time is from 13:30 in the afternoon, these three times have promoted the rapid upward trend of the time-sharing, in fact, look at the Shanghai Index time-sharing chart, the trend is basically a little overlapping with this, but unfortunately the time-sharing has been pulled three times, Not only did it not drive the index upward, but it triggered a new round of bigger sell-off from 13:41, and you can clearly find from the Shanghai Composite Index on the time-sharing chart that starting at 13:41, the time-sharing reflects the phenomenon of accelerating downward.
As for why this is the case? I think the power of the disk protection has actually been in the process of action, but on the one hand, this strength can not stop the strong selling, you see that today whether it is the CSI 300 ETF intraday disk protection funds seem to have been maintained three times, just like this did not pull the index to the red plate, so I guess that the probability is close to 14 o'clock in the afternoon, the funds are really impatient, I feel that some of the stock funds in the field are thinking, since even the power of the disk can not pull up the index, the downward expectation is in the end**, There is no bottom for each other, so it triggered another fluctuation in the emotional side of the capital, which led to a dive at the end of the market.
So, what does this phenomenon mean?
I think the fundamental reason is still the style of the market, the current action of protecting the disk seems to be ongoing, but this direction does not seem to be consistent with most people's positions, for the leading institutional investors, the main ** in the growth series, such as new energy and science and technology direction, but you look at today's ** The most obvious strength is the CNI 2000 index, which fell by nearly 3%, and the science and technology 50 index fell by 4%, artificial intelligence fell by 2%, and chips fell by more than 4%, The decline in new energy vehicles reached 3%, and it can be said that these sector indices are almost all in the style of institutional heavy positions, and in recent days there has been a decline across the board.
In other words, today's market** is all about it. Even if there is the power of the disk protection and the ** intraday rise of the prefix, it still can't resist the strong sell-off of institutional funds, and this phenomenon can be interpreted from two aspects:
First, the new market value management regulations of central enterprises essentially provide a dividend channel for the future of A-shares, but because the leading institutions are now holding positions on the track, to make this change, it is inevitable to sell the original track and return to the new market direction, so the original position will inevitably suffer a heavy setback;
Second, whether the institution smelled something and had such a hesitating selling behavior is still difficult to analyze, and we can only wait for the clarity of the market news.
However, on the whole, it still reflects the bearish sentiment of market funds, and my biggest feeling is that as long as the market ** shows an obvious high, it will immediately trigger a sell, which is what an urgent cash-out behavior, as for why this is so, why to such an extreme behavior, it is still unknown to me.
Therefore, the direction of the authoritative fund should not be changed, find a way to stabilize the track, not just pull the prefix, the reason why the effect of today's disk protection action is not as good as in the past, is that the track has fallen too much, and the mood of the funds has been completely irritated, so it is difficult to play an obvious leading role in the long even if it is strong, not to mention the discount of the action of the authoritative fund.
Disclaimer: The content in the article is for reference only and does not constitute any operational advice or tips.