The current ** before the Spring Festival appeared before the upward trend has changed, the three major stock indexes fell sharply in January, and the bottom was started in February**, and the trend turnover from the end of February to the end of March began to increase trillions, and the overall trend change is obvious.
On the other hand, before the large market capitalization sector rose sharply, the selling pressure was concentrated in micro-cap stocks, and after the later stage sentiment was bullish, the small market capitalization sector rose, and the GEM performed strongly in the Shanghai Index. It can be understood that ** has started an upward period of volume and price rise.
Objectively speaking, in 2 months, A-shares have experienced the weight of the structural bull market, and the theme track of the structural bull market has risen, making the ** return to 3000 points, although the upward selling pressure surge, it still did not let 3000 points fall sharply.
Everyone should be mentally prepared, in March, A-shares are likely to repeat history?
Peony believes that ** has come to March, if the overall trend tends to continue**, it will not fall below 3000 points in the near future, and the reason is that there is a phenomenon that makes the trend behind still strong.
This phenomenon is that the hype of the technology sector of the US stock market has not subsided, and the technology speculation of the A-share market is likely not to recede. The second half of February was a broadly upward trend in the technology sector, also influenced by strong volatility in U.S. technology stocks.
Especially in the middle and late February, some good news to promote the development of artificial intelligence made the hype in the technology field of A-shares very lively, and also made Peony**, this time the three major stock indexes, likely to be somewhat similar to the trend in the first half of last year.
The first half of last year also saw a rise in market capitalization and the technology sector. Happily, this time the trend is different.
The reason for this is that the valuation of ** is already lower than last year. The overall valuation level of A-shares is at 1217 times, GEM at 30 times, valuations have fallen back to the lows of the 2012 and 2019 bull markets.
It shows that if this year's ** is already a bull market, there is more ** space behind. More importantly, in the four trading days in February, the northbound funds bought more than 10 billion yuan.
In the past 2 years, the northbound has actively bought and sold **, and there has been no short-term 4 trading days, buying more than 10 billion yuan.
In addition, unlike the ** in 2023, many of the ** this year have even boards, but there is very little news of inquiries.
Some stocks have 13 boards in 13 days, and there are 8 boards, and 7 boards are coming frequently, which is the management's non-intervention in normal transactions. In order to stabilize **, let buying and selling become the norm.
Peony believes that the increase in even board stocks has enhanced the enthusiasm for speculation, and also allowed the Shanghai Index to stand firm at 3,000 points from the cautious participation of funds, making the trillions of turnover of A-shares that have lasted for many days be put in volume. It can be seen that investor confidence has begun to heat up.
The upward trend of the three major A-share stock indexes will not end immediately if trading volume remains high, the market is favorable, technology stocks lead the rally, and quantitative and margin trading are regulated.
Peony expects that in March, A-shares are likely to repeat history, repeating February's **. The Shanghai Composite Index in February rose by nearly 400 points, and the normal increase in March may also be 400 points. Even if the expectations are not high, the Shanghai Composite Index is likely to rise by 200 points.
To sum up, the technology speculation has not retreated, and the turnover of A-shares shows that the investment enthusiasm of the first has been rekindled, and after the three major stock indexes returned to the upward trend, in March, ** is still the main theme.
The article is a peony investment idea, the content is for reference only, does not constitute investment advice, thank you for lighting up the little thumb below!