Daoda Investment Notes: Defense sector strong attention to two support levels

Yesterday, the euro approached the 1: 1 mark against the US dollar. This will become an iconic event in the global exchange market in recent years, and everyone witnessed history together.

Two years ago, the Fed opened an unlimited banknote printing model. At that time, many public opinion advocated modern currency theory (referred to as MMT) and called for the Federal Reserve to print money. This theory means that the currency is equivalent to the government's liabilities, and the government can print money as long as the government wants to print money. Don't worry about the government's money, it is also printed by it anyway.

In the field of economics, there are often some concepts that sound tall. In fact, this is also a trap. Professional does not mean absolutely correct, and the key is in line with reality. The so -called practical knowledge is the best for you.

BYD AH shares fell at the same time yesterday at the same time

The day before yesterday, I experienced a high diving of Tianqi Lithium. Yesterday, a BYD (SZ002594, a stock price of 309.00 yuan, and a market value of 899.5 billion yuan) fell sharply. BYD AH shares fell at the same time. People start to find the cause. About 200 million shares of BYD Hong Kong stocks were transferred to Citibank. The market speculation was Buffett's reduction, because only his elderly people could get so many stocks, and BYD responded that he had not seen shareholders to reduce its holdings.

However, professionals said that there may be two other situations: one situation is that the current reduction process has not yet been completed, so the company has not seen relevant data yet; the other situation is that Buffett lent the hedge fund short. What exactly is the specific situation, we can only wait for subsequent announcements.

In fact, it is not too surprised to sell BYD stocks for Buffett. Although the "stock god" is a value investor, in the final analysis, it is to make money. Going to the nose. As an A -share beam pillar, they must have their own rights to the A -share market.

In the past few days, the track stocks have continued to adjust, and many high -level individual stocks have fallen by more than 10%in two days. It was also said before that during the rise of this wave of track stocks, there was no full shock structure. It belongs to the direct "V". The chips are relatively fragile. Investors who want to copy the track stocks must have a sense of risk, and they can wait for the opportunity to stop falling at key support. Don't rush into the short -term falling in the short term.

Yesterday afternoon, the brokerage stocks started a wave of protection, and the effect was obviously bad. It was also mentioned last Sunday that the securities company's adjustment to the previously started location really has the opportunity to stop falling and stabilize, but the situation in the market today does not support them to continue to strengthen.

From the perspective of the market, the pulse -like movement of the simple "protecting the disk for the pento" like brokerage stocks is often failed from history. Even if the index of the brokerage stock market was really relying on the brokerage market yesterday, there may still be a callback. Forcibly protection is not good. In the end, the adjustment cycle is often extended by artificially, and the adjustment time is increased.

Other performances with good performance are still obvious defense styles. Whenever the market is not good, traditional sectors such as infrastructure, power, and public utilities will strengthen. In the past few days, different sectors have been acting as a leading role in defense every day. The only sector that has a continuousity is electricity. Many of them belong to green electricity, but they can only find opportunities in the callback.

The current market adjustment is quite benign

Comprehensive on the market yesterday, Da Ge felt that there were several main points:

First of all, the index fell for three consecutive trading days, releasing more short chips, and the intensive transaction area near mid -June, the market has continued to kill significantly. Judging from the small level structure, the Shanghai Stock Exchange Index did not stop falling yesterday. It was tangled in the afternoon. It can be regarded as a decline. If you fall today, but you ca n’t let it go, the short -term light warehouse transaction opportunities may not be far away. The first support is near 3260 points, and the second support is near 3200 points. The probability of rebounding these two points is not small.

Secondly, from the perspective of funds, trend funds and short -term funds are differentiated and have no strength. Trend funds are dominated by funds north and "two financing", and some trend shares breaking shows that chips are loose. The stable northern -go funds configuration disk has also gradually flowed out, which means that the vulnerability in the market transaction structure is gradually emerging, and the fluctuations in the future market may further magnify. Investors should do their best.

However, short -term funds in the market are still looking for opportunities. The day before yesterday, the old leader (Hunan Development, Zhejiang Construction Investment, etc.) rose sharply. In addition to the old faucet yesterday, there were individual stocks with recognition of new shares and high sideways. Generally speaking, when the market atmosphere is not good and the subject matter is small, there are three main directions for fund attacks. But yesterday's new stocks were just just showing up, and the continuity was not known. The key depends on today, observing whether the front row stocks yesterday could continue to strengthen.

Finally, to the level of transaction, we must control the position. Although the current adjustment is still benign, it is also necessary to pay attention to the subsequent acceptance of this wave of adjustment; it is expected to be too full and often easily injured. If it is a shocking market, in terms of time, it is now more cautious. Previously, we survived the relatively difficult April market. Now the situation of experience can be calm.

(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

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