Northeast Securities Co.Ltd(000686) pointed out that from the perspective of market operation, there are roughly several reasons for the rise of the market on Tuesday: first, the Shanghai Shenzhen Hong Kong stock connect reopened after the Hong Kong stock market was closed for two days, and the northbound capital inflow was about 16.5 billion yuan, the northbound capital brought some incremental living water to the A-share market in the process of shrinkage and consolidation.
Second, the A-share floor funds are actually more cautious, the financing balance decreased last Friday and Monday, but after two consecutive days of adjustment and making up the gap, the transaction shrank and the selling pressure of the floor funds slowed down. therefore, under the dual effects of the sharp net inflow of funds going north and the reduction of short-term selling pressure of funds on the floor, the market rebounded, especially the gem with more adjustments in the past two days.
Considering the sharp decline of quarterly results and the economic outlook in the second quarter under the plague of the epidemic, considering that the US Dow is in the pressure area near 24000 and there is a risk of retreat (the US Dow rose 2.56% to close at 23910 overnight), considering the repeated rotation of hot plates and the relatively low trading volume, Obviously, the market is still in the shock pattern of the stock game, and the rise of the daily line is more reflexive. Generally, the first line of the index 2850-2870 is the rail pressure in the shock range.
From a technical point of view, without considering the better than expected benefits, the chances of better winning rate of left-hand trading are either that the transaction shrank to nearly 400 billion, or that the 20-day moving average leveled and the index stepped back on the 20-day moving average or slightly lower. At present, the 20-day moving average began to level, and the winning rate may be higher if it stepped back again in the later stage. The market is still in the left category. Therefore, in terms of operation, it is appropriate to control positions and not rush forward. In the direction, it also maintains the early thinking, that is, the mainstream hot spots are currently concentrated in the circular rotation of precious metals, military industry, medical treatment, semiconductors, 5g information services, UHV, machinery and building materials, brokerage leaders and some consumption leaders, that is, the market hot spots are still mainly driven by the policies of the traditional two sessions, such as new and old infrastructure Public consumption and financial results are relatively stable and partial to the domestic demand sector.
(Securities Times)
