Huaxun Investment: The index has risen and fallen back.
Today, the Shanghai and Shenzhen stock markets were stimulated by good news and both opened higher. The brokerage business continued its strong momentum and led the index to fluctuate. Subsequently, the brokerage sector gradually fell back, and the artificial intelligence concept panel took over the counter-attack banner. The related concept stocks started to rise and stop, and the 5G concept sector also quickly followed the pace to strengthen. The three major stock indexes are common upwards, and the entrepreneurial performance is particularly strong, quickly returning to the 1300-point integer mark. In the afternoon, chip concept stocks also strengthened. The GEM was up 2.5% after being led by technology stocks. However, after the stock index continued to fall due to the continuous decline of the brokerage sector, the gains gradually narrowed, and some profit-seeking discretions chose to play, and the index then oscillated downward. Finally, the Shanghai index chose to oscillate above the near-flat line until the close. On the disk, artificial intelligence, gold, communications and other sectors were among the top gainers, while steel, banking and coal sectors were among the top losers.
The Shanghai index today closed the K line with a long shadow. In the early session, benefiting from the good expectations of the Politburo meeting, the adjustment of the stamp duty, and other favorable resonance effects, the index continued to rise. After the full adjustment of the technology stocks, the hot flag was decisively taken over, and the overall rise of the new concept was also the market activity. The performance of the good environment. However, the accumulated profit takings in recent trading days cannot be ignored. The 20-day and 30-day moving averages have a repressive effect on the index, which narrows the gains of the afternoon stock index. From the overall point of view, the Shanghai Stock Index is still in the process of building a “market bottom” and does not have the bottom base for continuous growth. In the short-term, the index is going back to the end of the day, but it is a process that must be experienced in the market-building movement. The active stepping back is the benign exchange process of the chips, and it can also give the future in the process. The time and space for long-term funds to enter.
Although the domestic economy still has some downsides, the performance and liquidity of listed companies are under pressure. The unfavorable factors such as uncertainty in the external market have had a negligible impact on A-shares. However, the current A-shares are guaranteed at the “policy level”. Next, out of their own good rhythm, the current market's unfavorable factors have been fully reacted and quickly digested, while the positive factors of policy continue to ferment, the value of low valuation investment will eventually be recognized by more investors, it can be said that The power of the market bulls is condensing. Investors can operate at low positions, flexibly grasp the hot plate rotation, focus on high-performing stocks with good performance, and properly bargain layout.
Xiangcai Securities: What is the strategic signal of the artificial intelligence limit?
Today, the two stock market gaps opened higher and then oscillated and climbed. After 10:00, the trend was horizontally consolidated to noon. After the afternoon, the stock index first walked high. After 13:28, it saw the highest point of the whole day and then fell back. The hot spot: artificial intelligence, domestic software, intelligent transportation, Smart cities, cloud computing, information security, industrial interconnection, big data, security services and other sectors performed strongly; in general: today's market is showing a trend of falling.
For the recent market pattern judgment, if you insist on reading our daily blog posts, you should know that Xiangcai Securities Fan Bo has been emphasizing two core points: 1. The bull market has not come; 2. Finance is a short-term mainstream; A core point of view, for the movement of real estate and non-ferrous metals, we clearly stated that it is only the role of side dishes and assists.
Investing needs to learn to sort out the main thread of the market, not the eyebrows and beards. In the blog post on Monday, "the brokerage continues to consolidate the mainstream status", we said: "Investing should learn to analyze the situation and judge the market trading focus. The situation is the nature of the market. The focus is on the direction you need to pay attention to." If you can't see through these two points, it is doomed. You can only trade frequently in a narrow perspective.
The biggest bright spot in the market today is artificial intelligence. The Central Political Bureau of the Communist Party of China held a meeting on October 31, in which the industry clearly stated that artificial intelligence is an important driving force for a new round of scientific and technological revolution and industrial transformation, accelerating the development of a new generation. Artificial intelligence is a strategic issue that concerns whether China can seize the new round of scientific and technological revolution and industrial transformation opportunities. It is necessary to profoundly understand the great significance of accelerating the development of a new generation of artificial intelligence and promote the healthy development of China's new generation of artificial intelligence.
Stimulated by this news, the artificial intelligence sector has experienced a wave of ups and downs today, and the sector index has risen first. Tian Tan believes that the industry direction proposed by this conference needs medium- and long-term strategic attention, and it is highly probable that time will evolve into an important driving force for the future bull market. It is very important for listed companies to accelerate their homework.
To sum up one sentence: the rise of real estate and non-ferrous metals is only a continuation of the heavyweight market, but the surge in the artificial intelligence sector needs to be given enough attention, because the high-level can not turn a blind eye to the strategic positioning of this sector. Long-term strategy focus on this sector does not mean that the bull market will start now.
Jufeng Investment: What is the reason for the dip in the good situation?
Today, both Shanghai and Shenzhen stock markets opened higher, and the opening of the securities sector quickly rose and went straight up. Since then, the theme stocks broke out across the board, both small and medium-sized ones went higher, and the index remained strong. At the same time, however, banks, oil and other performances were sluggish, and heavyweights dragged down the index to continue to perform. In the afternoon, the market rebounded rapidly after a wave of pull-ups. The securities sector fell back and then dive lower, and it rallied all day.
All day, the index opened higher and then plunged lower, and the securities sector fell sharply. On the disk, the heavyweights fell back and dragged down the market, while the theme stocks performed well and individual stocks continued to be active. In the news, the heavy meeting pointed out that we should deeply grasp the characteristics of the development of a new generation of artificial intelligence and strengthen the integration of artificial intelligence and industrial development. Affected by this news, artificial intelligence showed a wave of ups and downs in early trading. Whether it can continue or not depends on the follow-up strength of funds. However, the high attention of the meeting to artificial intelligence also indicates its important position in the future; technically, the index has fallen back and the volume has been reduced. A small release, after a continuous rebound, suffered from the intensive trading area in the early stage, and there may be repeated demand in the short term.
Overall, under the recent intensive maintenance policy, the market continued to rebound, and yesterday's important meeting continued to convey confidence to the market and boost morale. From the perspective of the disk, the morning also opened higher and higher, but why suddenly jumped lower in the afternoon? On the one hand, brokerages have taken advantage of the favorable pull-up of shipments and short-term consolidation. The continuously rising securities sector lifted shipments with the help of stamp duty news. The impact of the market in the afternoon on the market is very big. On the other hand, the market has insufficient confidence, especially the economic stability has changed, and the downside concerns have increased. In addition, although the policy window is open, the incremental funds are weak enough to promote a sustained rebound. Therefore, we are continuing to wait and see the further release of the policy. At the same time, we will stick to the overall strategy of tracking the previous dips, but maintain the position in the short term and follow the market rhythm to conduct the stock game.
In operation, the center line continues to select the quality target for layout, while the short line waits for the callback to end, ready to add positions and build positions at any time. On the specific target, low-value blue chip stocks and well-performing growth leaders can give priority attention.
Tianxin Investment Gu: Regaining strength and re-breaking
Today's market comment:
The stock indexes of the Shanghai and Shenzhen stock exchanges continued to open higher. After the opening, the brokerage and winemaking sectors continued to strengthen, driving the stock indexes to rise rapidly. The Shanghai stock market broke through the shackles of the 20-day moving average; the GEM stock index also broke through the 1300-point integer mark. Subsequently, the stock indexes fell back. Among them, the stock index fell back in the previous chip's chip-holding concentration zone. The GEM stock index fell back near the high point of 1315. The stock indexes approached the green in the process of stepping back. Overall, today's stock indexes rushed back, but the sentiment of individual stocks has not been significantly affected. Security, electrical instrumentation, artificial intelligence and other sectors were among the top gainers; banks, oil, steel and other weights were not performing well.
Tomorrow's market observation:
On the first trading day of the market today in November, the performance of the stock index was very bright, but some weights dragged the stock index back to the tread, forming an anticlimax. Today's stock index's back stepping still has the distortion component, and can't fully reflect the real situation of the market, so we expect that the stock index will still be oscillated above 2600 points.
Short-term market analysis:
The trend of today's market stock index is summarized according to the trend of the two paragraphs. First, in the process of rising, it is mainly due to the continuous improvement of the varieties with favorable policies. Combined with the recent good news, it will directly stimulate some varieties. Doing more emotional warming, so the early opening of the high open, that is, there is the component of inertia, there are also policy-driven components. In the afternoon, the stock indexes have fallen back. The first is to reflect the pressure of the stock index in the intensive trading area in the early stage, mainly reflected in the pressure of 2460 points; the second is to show that after a recent rebound, some of the more profitable varieties are eager to profit. The need for the knot. Today's market is back in the footsteps of ours. In the short-term, the fall in the stock market today is mainly to re-establish or retain the breakthrough in the intensive trading area. It is expected that the 2,700-point integer mark will continue to move in the short term.
Outlook outlook for the market outlook:
According to the comprehensive analysis, although the trend of rebound has not changed, the process of rebound is not smooth, and even some waves and thorns appear in the process are very normal. Under the premise of rebound, the occasional wave or thorns can be imagined as an appetizer. The atmosphere of the market will surely get better and better, and the market rebound should go further. In operation, it is still recommended to make a batch of bargain-hunting. The rhythm of bargain-hunting is temporarily adjusted according to changes in the market; the selection of individual stocks continues to be dominated by oversold, low valuation, and excellent performance.
Source: The policy is promising and intensive. Can A-shares really get out of the way?
Affected by the political situation meeting yesterday and the collective closing of the European and American stock markets overnight, the Shanghai and Shenzhen stock markets opened higher today. The artificial intelligence sector staged a wave of ups and downs, and the ninth collective study of the Politburo emphasized the promotion of the healthy development of China's new generation of artificial intelligence. In addition, cloud computing, smart cities, network security, domestic software, mobile games and other technology sectors are also among the top gainers, and Sichuan University's Zhisheng, the game is smart, and the company has a number of technology-based daily limit. In terms of industry, the TMT industry collectively led the rise, food and beverage rebounded strongly, and construction materials continued to be strong. On the whole, individual stocks have risen and fallen, and the money-making effect has recovered. The outbreak of technology stocks has led to a strong and weak Shanghai trend. In the afternoon, the index fell collectively, but both closed up.
Recent policies are intensively staged
In the past two weeks, A-shares have ushered in favorable policies. First, Liu He, the vice premier of the State Council, said that the government attaches great importance to the healthy and stable development of the stock market. At the same time, the main responsible persons of the two parties and the two associations voiced the stock market. Then, the central bank set up a private enterprise bond financing support tool to support the development of the private economy; the securities industry association promoted the establishment of the securities industry to support private enterprises to develop collective asset management plans; the company law revised the proposed share repurchase regulations; the CSRC encouraged private equity and venture capital The fund actively participates in corporate mergers and acquisitions, debt-to-equity swaps and equity financing; Shenzhen and other countries and other countries to assist listed companies. In addition, the Central Political Bureau meeting yesterday proposed to focus on capital market reform, strengthen institutional development, stimulate market vitality, and promote long-term healthy development of the capital market. This series of policies is promising and intensive, and it is expected to help the market gradually step out of the trend.
Recently, the broader market continued to rebound and hit the pressure near 2640. Although the 10-day moving average has turned heads upwards, the suppression effect of the upper mid-term and long-term moving averages is obvious, and today's trend has fallen back. It is expected that there will be oscillation adjustment in the short term. From the perspective of market style, financial weights and small and medium-sized themes represented by technology stocks have performed. Although technology has shown stronger performance, it still relies on the short-term effects brought by policies. The trend opportunities brought by performance expectations in the medium and long term still need Observed.
Short-term homeopathy, waiting for the bottom of the market in the medium term
Along with the intensive introduction of the previous policy, after the A shares hit the bottom of the 2449.2 policy, the overall trend is a shock upward trend. The active effect of the theme stocks has led to a significant increase in the market's profit-making effect. In the short-term, the big financial stocks are the bottom positions. The small and medium-sized board stocks are mainly based on band operations. From the perspective of the K-line pattern, there are a number of medium-term moving averages above the above, although the volume can be enlarged, but the market has not yet formed a trend rising market. Therefore, in the medium and long term, we still need to pay attention to the domestic economic improvement signal and the improvement of the global trade environment, waiting for the bottom of the market.
Qiankun Investment: Upside gap suppression, continued shareholding, etc.
On Thursday, the broader market showed a trend of falling back. In early trading, the stock market was up by the rise of the US stock market. The two markets jumped higher. After the market opened, the brokerage stocks started. The two markets fluctuated and the stock index rallied in the afternoon. After 13:30, the list was basically single. Going low, the two cities received a small Yinxian with a shadow line on the same day, the amount can be enlarged.
Today's market rallied, it was obviously suppressed by the upper gap, the short-term market maintained a shock between the upper and lower gaps, the main reason is that the brokerage stocks fell back and led to the decline of the stock index. The rebound in this column tends to be a stage of rebound under the policy stimulus. Technically, it is aimed at the retracement of the previous monthly 7-day yin. At present, the rebound, time and structure are not sufficient, so although the upper gap is larger Pressure, the market outlook is still mainly to see the market shocks rebound, the monthly line at least one month to rebound. The current rebound is temporarily weak, mainly because most of the weak stocks have not rebounded yet, but it is expected that stocks in the market will continue to rebound. Although the market may not rebound too strongly, at least it will continue for a while. Investors continue to hold shares and wait for the continuation of the rally.
Brokerage stocks rallied, some software Internet stocks that were oversold and sharply rose sharply. The number of stocks in the recent theme stocks has increased. There are some stocks with sudden daily limit, and it is expected that stocks will rebound after the stock market. There is room to continue to go higher.
Rong Wei Securities Liu Sishan: Signs of the bottom of the market are obvious. The repair market can look forward to
Affected by the good news and the rise of the external stock market, the Shanghai and Shenzhen stock markets opened higher in the morning, the sector's rotation rose to drive the index to open higher and higher, the shock rose, the market volume increased, the afternoon market fell, the gains narrowed, and finally three Large stock indexes are all quoted in red. At the close, the Shanghai Composite Index rose 0.13% to close at 2606.24 points, and the Shenzhen Component Index rose 1.14% to close at 7567.79 points. The Growth Enterprise Market rose 0.84 to close at 1286.33 points. The two cities traded at 383.3 billion.
From the perspective of the disk, the early artificial intelligence sector was greatly stimulated by good news. Jinzi Tianzheng, Hongxun Technology, Yuanda Intelligent, Tuolsi, Stitch, and Saiwei were all up and down. After that, the brokerage sector was subject to the daily limit. Adjusting the impact of stamp duty rumors, the rapid rise, Guoxin Securities hit the price limit; the computer, communications, games, big data sector then took turns to drive the entire sector to float red, the main board, small and medium-sized board rotation, the market is so popular. In the afternoon, the market was affected by the fall in financial weights, and the shocks were lower. The gold sector's late trading rose, the park city gold seals, Yuyuan shares, Ronghua industry, Shandong Jintai, Hunan gold and other stocks rose, the market risk aversion has increased.
In the policy, the stock market is strong. The management adopts a series of measures to promote the long-term healthy development of the capital market. The market valuation is in the historically low background. The recent market has continued to rise, the bottom of the market has risen, the center of gravity has moved upwards, and investors are expected to improve. Trading has become active, and the signs of the bottom of the market have become more and more obvious. There will be repeated and shocks in the market, but the big trend has been clear. The overall direction is upward. The repair market before the end of the year can be expected.
Guangzhou Bandung: Low-level gains attention to structural opportunities
On the face of the disk, financial confidence is still weak. This means that the short-term market still needs to gain momentum technically. On the other hand, after the policy, the market is supported. Therefore, from a phased perspective, the structural band opportunity is still worthy of attention.
The index is too high, indicating that the financial confidence is not too strong to do more. In the recent view, we have always stressed that before the financial confidence has not improved significantly, the short-term market still needs to run, until the chip distribution structure gradually converges. It should be emphasized that the successful bottoming of the index is mainly based on the expected support at the bottom of the policy, and the funds are still to be improved after a round of deleveraging. This means that on the one hand, the problem of financial confidence, on the other hand, the need for incremental funding intervention to confirm, a new round of market is expected to start.
From the perspective of funds, the small activity of hot money is relatively positive; the fund behavior of Shanghai and Shenzhen stock exchanges has signaled to change positions and stock exchanges; although the two companies have shown signs of stabilization, some of the two mergers still The opportunity to take the initiative to leave the market; major shareholders in the equity pledge issue after the policy hedging seems to have begun to have large shareholders turn to increase. Therefore, from the perspective of overall funding, we believe that the fund sentiment has improved compared with the previous period, but the financial confidence has not restored the willingness to participate strongly. This is the capital operation logic of the current market.
On the whole, our view is that, after a round of decline, in the tight credit environment, the ability of the main funds to save themselves is relatively weak, so we believe that in the case of limited financial capacity, it is expected that the disk will still be repeated. After the momentum, a new round of rebound is expected to begin. Investors are advised to pay attention to low-band operation opportunities on dips. The mid-line can focus on oversold high-quality blue chips or growth stocks.
Jujing Investment: Two major changes in the market
On Thursday, the first trading day in November, the three major stock indexes opened higher, and the collectives fell back in the end, and the shocks were obvious. It is worth noting that the precious metals sector reminded by the article yesterday led the two cities, with the sector gaining more than 5%.
On the disk, precious metals, software services, security equipment, electronic information, instrumentation, brokerage trust, brewing, aerospace, telecommunications operations, cultural media and other industries led the rise, banks, coal mining, steel, pesticides, veterinary drugs, fertilizers, utilities Industry, craft goods and other industries performed slightly weaker; subject matter concept, artificial intelligence, gold, biometrics, cloud computing, domestic software, network security, smart city, big data, digital China, mobile games and other concepts rose a lot, ST, high Concepts such as transfer, glyphosate, offshore equipment, natural gas, scarce resources, and combustible ice are generally performed. Overall, the market continued to rebound, and the industry stocks rose more or less.
Technically, the Shanghai Composite Index opened slightly higher today and gradually rose in early trading. After the midday trading, the stagflation has dropped back. It has closed the Yinyin Star and touched the 20-day line to stabilize the 5-day and 10-day moving averages. In the short-term, the Shanghai stock index will continue to maintain its view of shocks, with a pressure of 2,700 points and a support of 2,500 points. On the GEM side, today it opened slightly higher and left, leaving a small gap, closing the small Yang line, K line three consecutive Yang, the trend is stronger than the Shanghai index. Stand on the short-term moving average. The short-term trend is expected to be dominated by range volatility. The upper pressure is 1350 points platform. Overall, the index has risen for three consecutive trading days, and will face some pressure in the short term, which can moderately reduce positions. The index is supported by the moving average, and the short-term trend will be dominated by the range volatility.
On the plate, the overall sector continued to rebound. Among them, software services, security equipment, electronic information, instrumentation, communications, brewing, artificial intelligence, cloud computing, national security, smart city and other sectors performed strongly. Looking back on the previous trading day, non-ferrous metals, cement and building materials, fluorine chemicals, wine making, Materials, medical, engineering construction, sub-new shares, shell resources, rare earth permanent magnets and other sectors performed strongly. Through analysis, it can be found that the plate has good continuity and rotation. However, the sector that had risen sharply began to cool down today. The author’s precious metal sector, which was reminded by the article yesterday, led the two cities, and the sector rose more than 5%. The market outlook can continue to pay attention. However, considering the index has risen for three trading days, the disk has stagflation, and the market can moderately reduce the position. The sector pays attention to the adjusted low-selling opportunities in the precious metals, petroleum, textile and garment industries.
In terms of capital, today's industry funds show a net flow of more people than net outflows. The industries with net inflows are software services, electronic components, communications industry, brokerage trusts and electronic information. The industries with a small net outflow of funds are banks, non-ferrous metals, steel, coal mining and petroleum. Through the analysis of the flow of funds in the past three trading days, the funds have undergone positive changes and began to be net inflows. The net inflows in the past three trading days are software services, pharmaceutical manufacturing, home appliances, medical, electronic components, brokers. Trust and real estate. A small net outflow of funds is precious metals, insurance and banks. In general, market funds began to replenish. In the past three trading days, net inflows were the mainstay, and those who were stable could adjust their participation in the market.
In terms of operational strategy, today's stock index gapped higher, continued to rebound in the morning, and the index fell back in the afternoon, maintaining a volatile trend throughout the day. Industry stocks rose more or less. At present, there are gratifying changes in the market. First, it is on the funds side. The net inflows are mainly in the past three trading days, which is the first time since the holiday. Second, the performance is in the continuous and rotating sectors, and the recent plate growth is increasing. The rotation is better. Yesterday's article reminded that the precious metals sector is also leading the two cities today, the sector rose more than 5%. However, considering that the stock index needs to be retired after a continuous rebound, it will take time to repair the market sentiment. The market outlook can be adjusted to low suction in the support area of the moving average. At present, many factors are in a good state, and the late stock index volatility is also a high probability event. Strategically, the light warehouse holds shares.
On the whole, the Shanghai stock index rallied and closed down, and the index finger fluctuated slightly; short-term attention was paid to the support of the moving average, and the market operation was low.
This round of policy support is unprecedented, and it is doomed to go back one step at a time. It is doomed that this round of market will not be completed in an explosive way, but will come out in a situation of repeated small margins.