Today, the stock indexes of the two cities opened slightly lower and fluctuated lower. A wave of rapid rise began at 9:44, and slowly fell back to the closing at noon at 10:40; In the afternoon, the stock index went down quickly and slowly recovered to the end at 13: Disk hot spots: NMN concept, generic drugs, industrial marijuana, anti-cancer, anti influenza, hydrogen energy, vitamins, tobacco concept, vitamins and other sectors performed strongly; Overall: today’s market shows a slight adjustment.
The operation path of any trend rising market at the market index level is composed of various types of rising and falling bands, large and small, but why is the same index fluctuating the rising trend market different? For example, since January 2019, the Shanghai index has increased by 52.9%, while the Chuang composite index has increased by 170.8% in the same period. The genes behind such a big gap between the two indexes can also be said to be the result of different attributes of listed companies behind each plate.
We believe that the strong is always strong. Just like the comparison between two students, the one who often gets high scores will be easier to get high scores in the future. Therefore, Fan Bo of Xiangcai securities is still firmly optimistic about the gem, because the nature of the plate has not changed at present. Last week, we stressed that the annual line is the trend line off track of the composite index, and the current periodic decline has just reached near the semi annual line, so there is no need to panic too much. Any periodic band will not affect the operation of the structural market. You only need to select stocks in the principle of “low level + large increase in performance”.
Let’s take a look at today’s disk performance. Following the Zhongyin decline on Friday (the 24th), it fell to near the half year line. Today, it is slightly adjusted and slightly pierced the half year line. This is a normal state and has not affected the continued interpretation of the structural market. There are nearly 70 trading boards in the two cities, a slight increase compared with last Friday. In detail, today’s hot spots and better performing varieties come from low positions, which is also in line with the principle of “low position + large increase in performance” we have always advocated. If we add the two factors of hot spots and secondary new shares, the effect will be better!
To sum up: the earlier you have the perspective of structural market, the less vulnerable you are to market fluctuations. This strategic model naturally expands the application scenario and has more initiative in operation. Because of this, we are still optimistic about the structural market in the face of the periodic fluctuations of the current market.
(Xiangcai securities)
