Today, the stock indexes of the two cities opened slightly higher. In the morning, the Shanghai index as a whole sorted out narrowly below yesterday's closing price, while the gem operated above yesterday's closing price; In the afternoon, the stock index rose slightly and slowly; Disk hot spots: lithium mine, salt lake lithium extraction, digital currency, industrial machine, RCS concept, pest control, etc concept, fluorine concept, glyphosate, electrical instruments and other sectors performed strongly; Overall: today's market shows a slight rise, and the gem is slightly stronger than the main board.
For the study and judgment of the general market trend, our view is very clear: there is no systemic risk and the nature of the market has not changed, so the overall bull atmosphere has not changed; For the understanding of the internal opportunities in the market, we focus more on the structural market, that is, the opportunities brought by local sectors in a certain cycle, rather than the opportunities brought by the sharp rise in the overall concentration of the index.
Some people say that structural opportunities are difficult to do because the hot spots rotate too fast and dazzling. Indeed, the structural market makes many people very uncomfortable. Not only retail investors, but also many well-known fund managers have lost wheat city this year. What does this mean? It shows that the registration system has brought great changes to the ecology of the A-share market. All individual investors and institutional investors should constantly adapt. If they do not actively adapt, they will inevitably face the outcome of being eliminated, without exception.
Because of this, Fan Bo of Xiangcai securities put forward the investment model of "low level + large performance increase + hot spot + secondary new shares", because the new hot spot of fund mining must come from low level, and the low level is easier to shield the risk of sharp decline, while the large performance increase and hot spot belong to the rise catalyst, while the secondary new shares are selected because any hot spot has risen sharply, and the secondary new shares have not been absent, Or almost all of them are the varieties with the largest increase in the hot plate.
Looking at today's disk performance, the market did not continue to fall, but rose. Especially in the afternoon, the main indexes rose significantly, but from the whole day, the gem was slightly stronger than the main board. Let's look at the money making effect indicators. There are more than 70 stocks in the two cities, which continues to increase compared with yesterday, and many rising varieties come from low levels, indicating that funds prefer low-level stocks, which is the so-called water flowing to low levels.
To sum up: the adjustment of the index in a certain cycle will not affect the development of the market structure. Low-level stocks will continue to emerge with opportunities for renewal and greater bull stocks, especially secondary new stocks in hot spots.
(Xiangcai securities)
