On the first trading day after the Qingming Festival, A-shares gave everyone a downward spiral, and the major indices tried to pull up in the morning, but all of them went down in the afternoon, and even after 14:30, they did not see the appearance of disk protection funds. The Science and Technology Innovation 50, ChiNext Index, CSI 1000, and CSI 500 were among the top decliners, and it was another day when the dividend index rebounded.
More data on A-shares today:
Today, the turnover of the two markets was 931.4 billion yuan, a slight increase of 1.4% from the previous trading day. The main net outflow of the two cities was 31.5 billion yuan, and it was another day of substantial net outflow, and the main smashing was concentrated in the opening half an hour in the morning and the continuous net selling in the afternoon, which coincided with the trend of the major indexes. The net selling of northbound funds was 3.045 billion yuan, and the northbound funds in February and March were mainly net buying, although the net selling volume in April was not large, but it seems that they have been mainly net sellers since the beginning of April. From the perspective of market capital-driven type, the continuous net selling of domestic and foreign capital will cause most of the major index adjustments.
Today's stock rise and fall ratio is: 1:5.66, 59 up limits, 51 down limits, the number of down limits has increased significantly, and the market makes money very poorly. On the plate movement: many hot spots such as liquor, CRO, photovoltaics, BC batteries, energy metals, and Kirin batteries weakened, and other hot spots can only adhere to the strength of the automobile and power sectors throughout the day.
From the perspective of rise and fall: public transportation, electricity, gold concept, ships, gas and heating levels are among the top five. Disperse dyes, PEEK materials, micro-cap stocks, household goods, and BC batteries were among the top five decliners. From the perspective of capital drive: electricity, medium and special stocks, green power, banks, and overall listed funds are among the top five, while non-cyclical stocks, lithium battery concepts, MSCI components, and chips are among the top five net sellers.
Judging from the data, today's bears have the advantage, and the main forces of domestic and foreign capital are mostly net sellers from before the Qingming Festival to today's trading day, and it seems that the bears have the advantage again. As for individual stocks and sectors, the money-making effect is not good today, and the funds and ups and downs are more inclined to precious metals, utilities, electricity, etc., and the desire to defend is more than offense.
Outlook on the market:
The second quarter of the research and judgment yesterday also analyzed, the overall show a wide range of shocks, the amplitude will certainly be greater than the narrow range of shocks in March, but first up and then down, or first down and then up or repeatedly toss to observe the trend of funds, at least three trading days before the Qingming Festival so far the main force of domestic and foreign capital is more bearish, the probability of first down and then up is higher, but whether it will be another wave needs to be observed.
Many friends who frequently watch the market will feel very tormented, the money-making effect is good for a while, and they are afraid of stepping into the air, and they will adjust for a while, and the money-making effect is extremely weak, and the result of repeatedly tossing and looking at the market is neurasthenia. From the index level, in the past two years, I have never been afraid of going short, and there will be enough adjustments to get everyone on the bus again. After all, according to the statistics of previous years, only 20% of the time in a year is in the direction of A-shares, and more than 80% of the time is in shocks, and this is even more true now.
Therefore, since I increased my position in January, I have basically held positions without trading, and as a cyclical trader, I have to endure loneliness. What do you think?
The above are today's market notes, which are only used as personal daily reflections on the market and are not intended as trading advice. Investment is risky and should be traded with caution.
I focus on indexed investment, advocating the theory of stock market cycles and comprehensive allocation. Daily update of A-share review logs and fund real trading notes. The above content is only a testimony of the unity of knowledge and action in your own investment, and friends who are interested in indexation investment are welcome to leave a message or pay attention to not get lost.