1. Many bricks and investors are also calling on the national team to save the market, and from last month to now, the national team has made a certain move, but I think the direction of the shot is wrong and the effect is not good.
Every time the national team enters the market, the first thing to buy is the big blue chips of central enterprises. I think this has a certain stabilizing effect on the **, but the small and medium-sized enterprises will often siphon and lose serious blood at this time, and then in turn drag down the blue chips of the central enterprises, and eventually go down together. If you want to pull small and medium-sized enterprises, it is just the opposite, and it will drive both ** and index up.
The problem here is that many small and medium-sized enterprises themselves are junk stocks, and it is not easy to get out once they enter, which is the reason why the national team funds do not dare to engage in such stocks to save the world. But I think that at present, we can engage in the quality of new energy, which can also achieve the miraculous effect of twice the result with half the effort, after all, the valuation of new energy ** is now at the lowest level in history, and carbon neutrality continues to pass, and the safety is very high.
2. After 7 consecutive trading days, when the Hong Kong Hang Seng Technology Index retreated to near the 3,400-point integer mark at the beginning of Wednesday's session, the bulls had made a relatively stubborn resistance, which made the index turn from green to red, indicating that the momentum of the decline has begun to exhaust. In addition, the current price-to-earnings ratio of the underlying index of the Hang Seng TECH Index ETF has dropped to 1642 times, which is at the 0% quantile since the release of the index, which is the historical valuation depression. In fact, these factors are a significant feature of the bottoming signal.
3. When the Science and Technology Innovation 50 Index accelerated to catch up with the bottom at the beginning of the session on Wednesday, it once hit a record low of 77158 points, and then ushered in a bottom** and tenaciously turned red upward trend. Because, two pieces were collected side by side in a row"Doji"pattern, so here can be seen as a preliminary stop bearish signal. It's just that the multi-period ** above still maintains a bearish arrangement, so it is still very difficult to pull up directly here.
Fourth, at present, photovoltaic is in the process of eliminating backward production capacity, only large factories can barely maintain, and small factories are basically losing money, so they are in a state of rebalancing. Therefore, the photovoltaic sector is also a state of building a bottom!
As for new energy, the sales of new energy will be hot in December, and the domestic passenger car market as a whole will show a moderate upward trend in 2023. Especially in December, the market heat increased significantly, showing a trend of sprinting at the end of the year. According to the comprehensive estimate of the China Passenger Car Association, the wholesale sales of new energy passenger vehicle manufacturers reached 1.13 million units in December, a year-on-year increase of 50% and a month-on-month increase of 18%. The cumulative wholesale sales from January to December this year were 8.88 million units, a year-on-year increase of 38%.
2870 points, this is the low point set by the consolidation of A-shares on Wednesday, and it is also the lowest point in the past 3 years except for April 27, 2022! The volume continues to shrink, just over 650 billion, and it is said that even the most optimistic bulls have capitulated. What should we do? Friends. Some people say that we should liquidate, leave the market, and never come back. Do you think that's the right thing to do?
This reminds me of what Warren Buffett said, there is no secret to success on **, that is, you have to be afraid when others are greedy, and you have to be greedy when others are fearful, that's all. I think Wednesday should be a time for others to be afraid, so we might as well be greedy. There is nothing else to give to you, and the belief of victory will always shine on our way forward!