Daoda Investment Notes: Circuit stocks have bad markets in the short term may not be repaired

Seeing the market performance yesterday, Da Ge was a little numb in his heart. Seeing that the broader market stepped step by step into a predicted at the beginning of the month, his head did not return, and he did not have the slightest sense of accomplishment. After 2:30 in the afternoon, the market pulled the end. The stock rebound was very limited, and the market sentiment was very sluggish.

Da Ge really feels nothing about this round of adjustment. After the market for more than 4 months after the beginning of this year, don't you survive it? It was almost a whole year in 2018.

I mentioned a professional statistics before, the stock market contributed almost all the gains in 1%in 1%. Conversely, the decline was the same; let alone the short emotion was quickly released, so there was no need to worry about it. More time, the stock market is shocking, just a word "boil". As long as you survive, protect the principal and usher in a new round of spring breeze, you will usher in vitality.

There are two factions in the mainstream view

In terms of specific circumstances, after the adjustment of yesterday, has the market bottomed out?

At present, there are two mainstream views of the market bottom: one group believes that the Shanghai Stock Exchange Index will stop falling near 3155 points to build a triple bottom.

To be honest, it is difficult for Dago to assert on which one of these two views is correct. Stock trading is more to respond. Under the premise of respecting the market, according to the situation of the market, we can adopt corresponding countermeasures.

Personally, the market has not stopped falling at the current market. Although the Shanghai Stock Exchange Index came to the lower edge of the box of the box after yesterday's decline, he could not see the signs of stopping. However, from the perspective of the disk, the emotions have freezing points, and the empty emotions have been greatly vented. It is still difficult to continue such a heavy frustration.

This means that the broader market will be repaired in the short term. The method that Dago mentioned before 80 % is still applicable, but remember to be a small position. As for whether the broader market is a triple bottom or a decline, this repair is very critical. If it can rebound sharply and can make up the gap, the probability of triple bottoms is not small.

And another very tempting trend needs to be careful. Remember a trend structure mentioned these days? The box shock near the front high is usually a way to resolve stress, and it is likely to continue the original trend in the future. Conversely, the disadvantaged shock near the front low is the same reason, and this structure is easy to make people step on the pit.

Bank stocks are surprising

After chatting the index, then the sector. Circuit stocks are obviously the culprit of the market adjustment yesterday. After the previous round of rising, this direction has grown into a plate with considerable weights in A shares. Therefore, its performance is not good, and the market is often not good. It is precisely because of this that the GEM fell like this.

It can explain the decline of photovoltaic from European messages, but the adjustment of track stocks is not just because of this. Yesterday, the market volume was contributed by a large part of the track stocks. The day before yesterday, there were media reports that the current proportion of public funds in new energy reached 40%, which is the highest record of all sectors in the history of A shares. The passage is so crowded that people outside cannot pick up the plate at this position, and when the wind blows grass, it is easy to kill more.

The new energy direction may change from rapid decline to slowing down, and the impact on A shares will gradually weaken. In the short term, the sector index may still need a decline after a shocking, so that there will be good repair.

Surprisingly is bank stocks. Several large banks have lowered deposit interest rates. It is a profit for banks that eat interest differences, but bank stocks do not fall, but they are high. In this comparison, the A shares fell sharply yesterday, but it was not surprising. Anyway, everyone did not play cards anyway.

The bank's interest rate cut, and the real estate is naturally happy. The real estate sector rose against the trend. Recently, there are news about real estate every day. The market has gradually relaxed this, and the entire industrial chain is expected to gradually recover.

The day before yesterday, it was a good phenomenon that the real estate sector was supporting the short -term support level. It was continuing to consolidate the results yesterday. The current position can be stabilized. It does not rule out that there will be good performance in the future. Other other views such as coal, port shipping, logistics, retail, etc. can refer to the previous views. It should be noted that in the market state of shocks, it cannot be chased or reinstated.

In terms of short -term, the downturn's emotions are still continuing. However, from the perspective of daily limit stocks, Youtu recently likes to play the structure of "N -shaped", which is still affected by the sluggish market. As long as the indicators of the number of stocks, the height of the board, and the daily limit gradient have not improved, even if they participate, they need to converge.

In the face of the current market, investors must make two ways to respond. When there is a lot of concerns in the market, you can try it, but don't be aggressive, don't have to reconcile, you must protect your principal.

(Zhang Daoda)

According to the latest regulations of relevant national departments, this note does not involve any operating suggestions, and the risk of entering the market should be borne.

Daily Economic News

- END -