On Thursday, the Shenzhen-Shanghai A-share market showed a general volatility, and the Shanghai Composite Index closed at 2,635.63 points, once again falling below the 2638 psychological line. From the perspective of market factors, the study believes that in recent days, in the process of rebound, the market volume can be reduced during the rebound process is an important factor, such as Monday, the two cities turnover of 393.6 billion yuan, Tuesday was 313.9 billion yuan, Thursday It shrank to 296.575 billion yuan, indicating that the market volume can be declining, making the market rebound blocked.
As the Shanghai Composite Index 2638 is the previous break point of the low point of the past two years, this time rebounded with the help of the Lido factor, but it fell again after the fall, indicating that the long and short differences are still obvious. This will have an adverse impact on the short-term market. From the perspective of changes in the net value of the main funds in the past four trading days, the net value is obvious.
In the impact of the policy of Lido in October, the net value of the main fund once appeared positive, but the land entered the November transaction, and soon this indicator turned negative again, indicating that the impact of market policy effects, institutional capital rallies Reduction of the holdings, this indicator has once again fallen back to the net outflow pattern.
In terms of technical indicators, the short-term aspects are mainly: on the one hand, the poor coordination of quantitative energy indicators, and on the other hand, the short-term daily indicators are too high, causing a fall. From the daily indicators, the current technical indicators are in a relatively high-level area, such as KDJ, WR%, etc. In the context of limited quantitative energy indicators, the adjustment of stochastic indicators naturally led to market decline. If we look at the long-term indicators, the current market concerns are still heavier. In particular, the annual stochastic indicators KDJ and MACD are still in a state of necrosis. Therefore, in the process of staged rebound, we must also closely observe the price, quantity, and Conversion of factors such as time and space.
In general, at the beginning of this week, the cross star and T-line appeared in the background of quantitative energy decline. On Thursday, it fell again and broke the psychological position of 2638, forming a downward trajectory. Whether the market can continue to rebound still depends on changes in the energy indicators. At the same time, exchange rate factors also need to be closely watched. In terms of investment strategy, it is recommended to closely observe the changes in the quantitative energy indicators and take a strategic wait and see.
(Article source: Hexin Gu Gu)