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See moreBeautiful "50" will lead the market to continue to rise
Anson Securities Zhang Deliang: A shares "beautiful 50" into the valuation premium period
At present, for more than a year strong A shares "beautiful 50", gradually into the valuation premium period, and is supporting the broader market as a whole, this strong is expected to continue.
At present, the fundamentals that support the vitality of the stock market are not some of the macro data in the short term, but the general direction of economic development. China's economic development, has stood on a new starting point. In this context, the direction of the stock market investment has been quite clear, there are generally three directions.
First, the field of consumer upgrades, focusing on brand consumption, as well as pensionInsuranceWith health services, culture and entertainment. Second, the manufacturing industry to the high-end development. (AI), high-end manufacturing (high-speed rail, nuclear power, aviation) is the basic industry, supporting the transformation and upgrading of traditional manufacturing, such as electric car (EV). Third, environmental management under the ecological civilization. Key areas include environmental protection, urban operations, specialty towns and so on. Specific to the investment varieties, is focused on "beautiful 50" and the new blue-chip, that is, in the new industry or traditional industries in the process of upgrading and upgrading and become the industry leader in the listed companies.
A shares "beautiful 50" high echelon to maintain integrity, however, from the valuation level, the leading shares of PE, PB and other indicators have been gradually pressure. At present, the dynamic price-earnings ratio of these stocks, Guizhou Maotai 36 times, 62 times Hengrui medicine, the United States 19 times the group, Hai Kang Wei as 39 times,JingdongSide A26 times, SAIC 12 times,China Ping An16 times, the valuation has begun to go beyond the industry hub. In other words, this round of "beautiful 50" market is different from the previous value discovery and value investment, but a valuation premium rally. However, the stock market sentiment, the valuation premium is not a bad thing. The stock price bubble continues to enlarge, the market sentiment will be more optimistic. In other words, the future rally will be more and more light, the overall trend will continue to strengthen.
Reflected in the index, the leading SSE 50 index, has now entered the bull market trend running state, short term, as long as it does not fall through the 60 day moving average, strong trend will continue, and continue to challenge the new target, the current target of 10 years downward pressure Line, about 15% from the current point. Shanghai and Shenzhen 300, the Shanghai Composite Index and the small and medium-sized index will gradually follow. Trading strategy, should be around the "beautiful 50" active configuration, you can choose to upgrade consumption, high-end manufacturing, environmental management or resource products and other major areas, continue to adhere to the leading shares strategy.
Morgan Stanley Huaxin Fund: A shares rebound window is still open
Morgan StanleyHuaxin Fund recently said that the current three companies have entered the disclosure period of disclosure results. Historically, the excess gains in October were mostly driven by earnings (three quarterly). Therefore, the current point of view, profit is an important indicator of the excess return on the stock index. From the perspective of industrial enterprises income, profit, since this year, the actual business situation has improved greatly,Morgan Stanley Huaxin FundEarnings is expected to enhance the A-share index for the strong support.
Standing at the current point, Morgan Stanley Huaxin Fund said that the continuation of optimistic about the A-share market at the end of the market view. From the fundamentals, the US government is expected to launch a formal draft tax reform by the end of the year, is expected to stimulate the economy; the domestic economy to maintain a modest recovery trend, A-share overall profit improved. From the liquidity environment, short-term monetary policy is relatively friendly, the reform will enhance the market risk appetite. Morgan Stanley Huaxin Fund will increase the quality of listed companies to tap, pay more attention to the performance and valuation of the match, increase the stagflation of the early, logical support and fundamentals to improve the plate configuration efforts.
Look flatThe market will enter the equilibrium period
Bin brother read the disk: the market into the balance period
The opening of the General Assembly, the two cities opened all the red plate, despite the purchase of new shares today, but did not stop the market opened higher, then the market is to maintain a small margin of finishing mode, the day the market most of the time in a red plate state , Unfortunately the rise of the late petrochemical busts lead to index diving, the final market ups and downs are closing each other, the daily closing cross star.
At the close, the stock index rose 9.33 points, the index closed at 3381.37 points, Shenzhen Component Index rose 7.41 points, the index closed at 11282.75 points, the GEM fell 8.83 points to close at 1868.16 points, volume shrinking again, the two cities a total turnover of 4421 Billion, the flow of funds to show the flow of funds today more than the inflow, which requires our investors to be cautious. In the case of
Plate: As of the closing, the two cities rose more and down the number of plates, but the overall increase in the plate is not large, yesterday's daily limit, a comprehensive screen and chip concept to become the two cities do more leader, Chinese medicine, gravitational waves and semiconductor plate Relatively good, the new board, resource stocks and ferrous metals is the overall performance is weak, plate wheel rotation is still fast, it is likely to become a high nightmare for investors to recover high.
Disk view: the overall performance of the two cities today in a micro-balance state, resource stocks for the second consecutive trading day adjustment, do more and short kinetic energy tend to be weak, the market is very scattered hot, sub-new shares is still jumping up and down, communication concept Facing the loss of funds is more serious, the volume is slightly shrinking, for such a pattern, Thursday to keep such a balance will be a high probability event.
Technical point of view: the index around the moving average is very intense, late diving to promote the daily line out of the cross star line, technology to see the market short-term weak balance trend will continue, the integer mark pressure still can not be underestimated.
Throughout the performance of today's market, all day trend looks booming, in fact, the difficulty of operation is constantly increasing, the index rebound did not bring too much money to make the effect, which should maintain a great relationship and stability, From the disk point of view, the market to do more of the kinetic energy is mainly concentrated in a point, that is, the policy as a starting gun, where the ring from the sound, from the early concept of the beautiful Chinese to the smart chip concept, from the concept of land transfer to the port changes, A potential positive concept has been the focus of attention, for this kind of structural market, it should be the main theme during the meeting, so we in the operation process should have the ability to predict in advance And low courage to Jiancang courage, because we can expect the market in the next week will enter a stable balance period. Although there is a wave of emptying diving in the late, but it will not change such a weak balance pattern.
BearishBudie is about to start, do not take the chestnut
Today, the broader market in the banking, agriculture and other sectors pulled up, driven by the two markets opened lower, the morning market upside down 3381 points, followed by the broader market upside is not enough, the afternoon opening down gradually, after 2 o'clock, PetroChina Began to pull up, driving the broader market break through the high point of the morning, the highest upside down 3382 points, but the disk, the two cities Pudie, times the new shares, mineral products, paper, steel, scarce resources, warehousing logistics, Before the wind sand governance, sapphire, smart TV, pension concept, private hospitals, anti-flu, health care and other plate was Hu ago, the two cities a total of 25 stocks daily limit, 3 stocks limit, the GEM down to close.
Famous viewLi Jiayi: stock market slow cow no problem
Source: Oriental wealth network
Stock market, commodity futures will be how to go next? In this regard, the East Fortune Network invited to Shanghai "Tuopu school" CEO Li Jiayi guest "Fortune Watch" column, shared his wonderful view.
The following is an interview Record:
Oriental wealth network:Trouble you talk about the major trends of several major varieties, the rhythm of running, your opinion is how?
Li Jiayi: I personally think that is the case, because sometimes the disc is like this, we must have a relationship with the time point, maybe after ten days and a half of the market has changed, we are the current perspective of my personal observation, because All varieties are covered.
Oriental wealth network: you can talk about a long period of time, timeliness better.
Li Jiayi: for me may be part of the stock market, in principle, I think the slow cow should be no big problem, at least I have learned the technical point of view, now looks like the state of stability, for example , After the end of the holiday we have a very high expectations, but why is it too high to go low? It is very simple, there may not be much of the conditions for him to do the jet, so often he has a relatively large performance, often will pull back, but pull back will not be too much, so the stock market may Have this psychological preparation, that is, if you want to have a more substantial, fast, I would like to stocks round, plate rotation is very fast, this is more difficult, that is, your sailing may take three steps Two steps, which is part of the stock market.
Commodity futures part of the current situation of differentiation, weak particularly weak, strong and even a new wave of high band, this thing in the colored black side may even even the same as the so-called industrial products are colored black side there Differentiation, but its differentiation really I personally think quite obvious, weak very weak, but people are like this, that is weak in the time I did not grasp, and now has come to a certain extent, I have not dare , Do not dare to chase the price and so on and so on, do not enter the game does not matter, do not contrarian, we operate, especially whether the stock, or futures, or options do not guess thoroughly, guess through the operation of the big avoid.
Oriental wealth network: I am here to insert one, our ordinary audience who often make this taboo.
Li Jiayi: Yes, this is the decision of the twenty-eight rule is one of the reasons, how can I change this fate, that is why other people are making more pay less, I have to pay a lot of compensation, earn all petty profits ,why? Because there are a lot of things you do not have to do the direction of the past, guess through thoroughly is a taboo, maybe ten times to make you nine times, once wrong all strong it is not enough, so do not guess thoroughly, homeopathy For that you said the teacher has come here this color, you see that black is so much down, and I go to chase this is not a way, no relationship, you wait for it to turn around, and then remember not to buy too much Down, is to buy in the upset, very when people's point of view is not the same, buy at the end, how do you know when the bottom is.
So you should have to buy in the upset, to overcome the human nature of this matter. The third I hope to share with you, in the foreseeable future, the option will definitely be a star merchandise, you say wait until the star merchandise, everywhere is too late, you must first work hard, until he is a star merchandise, you just Learn to become a teacher, you can already have a kung fu on the body, this time just use, I think to share with you from Europe and the United States point of view, because I used to go through a year to do a decade to do large-scale funds options, I am strongly recommended by you, in so many of my market with the variety of varieties, I think the option is the most able to break the so-called institutional legal personality with the general retail inequality of a financial species, we work hard to learn if you can Change the fate of the best performance of its products is in the options above, now just beginning, because although 50ETF options have been more than two years, but we all recognized that about 2017 should be the so-called options for the first year, because the product futures began to withdraw , The relevant options are currently only lobster sauce with sugar, but to the foreseeable future there will be more Variety, even more active such as black lines, this will make people very excited. This thing I think investors should work hard now, began to understand it. There is a word to share options with you easy to understand the goods, is the fur soon you know.
But you have to do it finally, if you do fine, it is all financial products inside the theory and the physical from the nearest, in other words simple to say so, the more the stock to learn more, I can say so, why? Because the physical operation of the stock with the theory is very different.
The whole market more and more sinister changes too many factors to consider, the flow of chips, money and the like, and so on and so on, so I can say that the stock is more and more to lose more. And then because of the problem of human guts, so this thing depends on the skills to overcome, but if the option, why we just three words inside the option by the strategy, that is, you through the hard work, through to understand the best Strategy combination, in fact, it is in theory with the physical is the nearest, in other words the more shrewd you, the more accurate you, the more you count, your odds will not be disturbed, there will not be the so-called market black hand , Or some power to make this thing distorted, no. So why do we think that at this time this commodity will become the future of the stars, and he can break the retail rules of the twenty-eight is a great opportunity, the focus is that you are willing, the main reason is that its threshold is low, but it needs Good learning, but learning not to spend money, I think this thing you can buy their own books to see, the network also has a lot of information, I encourage you very hard at this time first warm up, because wait until the beginning of the fire too late.
Because you have not prepared, the opportunity is to leave the prepared person, so you now start warm up, wait until you are ready, the opportunity is also coming, people talk about the time to create a hero, the first premise you want to be a bit to become a hero You have to wait for the times, the time has come, if you are not ready, you are not a hero, so I encourage just mentioned in the various commodity parts, maybe the stock has a good stock, but just mentioned some of the characteristics of the problem, Futures I am very optimistic about the internationalization of the same time I am actually very optimistic, but if the general investors in the entire unequal capital market under the structure of the operation, in fact, I think the option is to let everyone Good to refuel, and then to enjoy the superiority of this commodity, I am here to share with you, but also to make a notice to see in the foreseeable future options market will be very fire, and will follow the international trend , The options market must be a very dazzling star merchandise.