"New National Nine" is coming!
On the news side, the village issued the "New National 9 Articles", which directly pointed to a number of important issues in the market, such as strictly controlling the access to issuance and listing, strengthening the supervision of high-frequency quantitative transactions, strictly investigating malicious short-selling, and managing the market value of listed companies;
You must know that the last time this "New National Nine Articles" was released was 10 years ago, that is, in 2014, followed by 2004, ten years of sharpening a sword!
It is no exaggeration to say that this is also the most important measure in the past two years!
So, judging from the market trends of the previous two times, how will the "New National Nine" go this time?
It is not difficult to see from our historical trend that after the release of the last two "New National Nine Articles", the A-share market has come out of a round of sharp rise!
For example, in 2014, the "New National Nine" was released, and in 2015, a big bull market broke out, which is also the closest comprehensive bull market to us!
The last time was in 2004, when it was released, and the market came out of a big bull market from 2006 to 2007!
So, with the release of the "New National Nine", will the market continue to come out of a magnificent bull market?
At present, judging from the performance of Hong Kong stocks and the A50 index, there is little reaction for the time being, so didn't the funds buy the "New National Nine" and see how the A-shares open next week?
In any case, this "new national nine" for the improvement of the market system, in the long run, is still good, only clean the house, and then pick up customers, in order to better get out of the rising market!
Important after-hours news:
1. The latest social finance data has been released, and the cumulative increase in the scale of social finance in the first quarter was 12.93 trillion yuan, a year-on-year decrease of 1.61 trillion yuan;
In any case, the March export data, social finance, and CPI should have landed, and the funds should have been smashed.
2. Peripheral market: After the opening of the U.S. stock market, the three major indexes collectively fell, with intraday declines of more than 1%, intraday gold stocks rose sharply, and Cordelon Mining once rose more than 10%, but the gold spot stood at $2,400 / ounce and then dived back!
3. The good news of equipment renewal is coming again, on the news side, the Ministry of Transport: accelerate the introduction of the "Transportation Large-scale Equipment Renewal Action Plan", will the direction of equipment renewal continue to ferment next week?
4. The village also responded to the refinancing that was previously criticized by the market, saying that it would strive to revise the "Administrative Measures for the Margin Financing and Securities Lending Business of Securities Companies" and the "Trial Measures for the Supervision and Administration of Refinancing Business" within the year
Market Movements:
Judging from the market trend on Wednesday, the three major A-share indexes fell sharply at the end of the session, among which the ChiNext index fell by more than 1%. The Shanghai Composite Index also fell by more than 0.5%.
Will the market continue to adjust in the future?
I'm here to share my own opinion.
From a technical point of view, it is more likely that the market will continue to adjust!
As we said in our previous article, the rebound of the market on Thursday is a weak rebound, whether it is the trading volume, or the magnitude and strength of the rebound are not strong, and the weak rebound is likely to bring about continued retracement;
Today, the market has finally come out of the correction market, within our expectations!
First of all, the market is currently below the 5-day line, 10-day line and other short-term and medium-term moving averages, and the trading volume has not been enlarged, still maintained at about 800 billion;
is still the same sentence, the amount of energy of about 800 billion is difficult to support the market to continue to rebound, and there is no obvious main line in the market to drive the market to attack;
In addition, the short-term sentiment is still relatively poor, the plate rotation is fast, and the end of the month is a time when performance thunder is frequent, more funds tend to hedge risk, at this time, it is more difficult for the market to continue to attack.
However, it should be noted that there is a relatively large positive after the market, that is, the release of the "New National Nine"!
Although Hong Kong stocks and the A50 index have not performed for the time being, let's take a look at how A-shares perform next Monday!
If A-shares can stand on the 5.10-day line under the favorable release of the new country's nine articles, then the short-term adjustment is basically in place, and it is expected to get out of a new round of rebound.