[early trading strategy]
Technically, although the Shanghai stock index and gem index opened low in 60 minutes on Thursday, they did not form a technical break. After rebounding, the two indexes returned to the consolidation pattern again. Whether the market can operate synchronously is very important when A-Shares come to the current state. In the future, only when several major indexes rise synchronously and in large quantities can the market gradually get out of strength; Otherwise, the market will still fall in shock. In the future, it is suggested to focus on how to choose the direction of the two indexes in 60 minutes.
On the whole, A-Shares fell sharply in the overnight external market on Thursday, and U.S. stocks still opened low and walked high and walked out of the independent market under the background of the record of the largest one-day decline since 2020. The core sector leading the market this time is photovoltaic. It can be seen that the mood of the institutional track is gradually warming, which has released a positive signal to a certain extent. In addition, there was no sign of differentiation in the market for the first time. Track stocks and theme stocks went hand in hand, which also continued to show the profit-making effect in the market. It is worth noting that the market has not effectively broken through the back pressure of the 30 day moving average, and there are still some hidden dangers. At present, the market is at the key node of direction selection. It is important to pay attention to whether the index will be further pressed upward or stepped back for the second time in the future. On the whole, the market is still a structural market, and the profit-making effect of individual stocks still exists, but there is always a lack of sustainable and appealing new hot spots, and the hot spot switching speed is fast. However, with the improvement of China's epidemic prevention and control, the process of orderly resumption of work around the country has accelerated, coupled with the recent policy warm wind blowing to stabilize the market and the rapid adjustment in the early stage, the overall valuation of the market has entered a reasonable area. We believe that the focus of the index is expected to move upward and continue the rebound trend. However, disturbing factors such as the conflict between Russia and Ukraine still exist, which will suppress the market risk appetite to a certain extent, and the rebound road may be full of twists and turns. Operationally, steady growth is still the most deterministic investment line in the market, and sustainable attention will be paid to the new and old infrastructure, real estate industry chain, building materials, banks and other sectors that are expected to benefit from the continuous overweight of "steady growth". In addition, with the promotion of Shanghai's resumption of business and market, high boom track stocks such as new energy, new energy vehicles, semiconductor chips and digital economy are also worthy of in-depth exploration.
[message side]
1. The minimum purchase price of summer grain this year has been comprehensively increased
This year, the state continued to implement the minimum purchase price policy for wheat and rice in some main producing areas, and the minimum purchase price level of wheat, early indica rice, medium and late indica rice and japonica rice was comprehensively raised.
2. The convertible bond market is hot, and experts suggest the risk of overestimation
On May 19, Yongji convertible bonds (390960, 0.00, 0.00%) were suspended for verification. Previously, Yongji convertible bonds recorded the largest increase on the first day of listing, which attracted the attention of the Shanghai Stock Exchange. In addition to Yongji convertible bonds, only the intraday rise of convertible bonds this week triggered the temporary stop. Experts remind that the current overall valuation of the convertible bond market is still at an all-time high. Investors should pay attention to risks and invest rationally.
3. Foreign enterprises expand their investment in China, constantly optimize the foreign trade structure, continue to make efforts to stabilize the basic market of foreign trade and foreign investment
Since the beginning of this year, a large number of multinational companies such as Volkswagen of Germany, POSCO of South Korea, American market openers and Hitachi of Japan have gradually put in place funds for large-scale investment projects in China, which has effectively driven the rapid growth of China's investment.
4. The operation logic is clear, and the medium-term market of A-Shares is expected to start
In the context of the overnight sharp decline in US stocks, on May 19, A-Shares opened low and went high, and growth tracks such as wind power, photovoltaic and new energy vehicles increased significantly, becoming the main force in the market. In this regard, analysts said that after a substantial adjustment in the early stage, A-Shares have fully reflected various risk factors, and the operation logic of the future market will focus on "I" to carry out the medium-term repair market.
