The A-share market in the past two days has really stimulated it, following yesterday's 50-point drop in the Shanghai Composite Index and today's 64-point rise. As of the close, more than 4,800 stocks rose in Shanghai and Shenzhen, and as many as 700 stocks rose by more than 10 points. From the perspective of disk information, PEEK materials, spatial computing, e-paper, spatio-temporal big data, education, copper high-speed connection, computers, flying cars and other sectors led the two cities, and all rose by more than eight points. Except for the ST sector, which closed in the green, all the others showed an upward trend, and all of them rose by more than one point. It is obvious that today's A-share market is a general upward trend, and the strong rebound after the sharp fall shows that the current A-share market refuses to fall, especially the sustained decline.
In addition to hot topics, I believe that the reason why the A-share market has risen across the board today is closely related to the steady rise of financial stocks. The three major financial indexes of securities, banks, and insurance all turned red and rose, and all of them rose by more than two points; financial stocks are the gathering place of large weights, and their steady rise has provided the basic conditions for a strong counteroffensive in the A-share market. There are two trading days this week, Thursday and Friday, and the continued rise of the A-share market still requires the steady rise of financial stocks, especially the strong rise of brokerage stocks can better drive A-shares to continue to break through.
Xia rose 60 points, and the daily K-line successfully stood above the 20-day moving average.
On Wednesday, the A-share market changed the decline of yesterday's sharp decline, the Shanghai Composite Index opened higher in the morning, and the Shanghai Composite Index had risen by 40 points at the close; in the afternoon, the Shanghai Composite Index continued to rise, and as of the close, the Shanghai Composite Index rose 64 points, an increase of more than 2%, and the other three major stock indexes also followed the upward trend, and the gains were all more than two points. From the perspective of the daily K-line, today's Shanghai Composite Index closed the mid-yang line, and Monday's mid-yang line formed a bullish pattern of yang and yin. Moreover, today's daily K-line of the Shanghai Composite Index has broken through the three moving averages of the 5th, 10th, and 20th in a row, and the first yang breaking the three lines is also a bullish pattern. In addition, the KDJ indicator has a golden cross upward, and the MACD indicator has obvious signs of stopping falling near the 0 axis.
A number of technical indicators show that the short-term Shanghai Composite Index has signs of strengthening, and the only bad thing is that the trading volume of the Shanghai market has shown a three-consecutive downward trend. The daily turnover of the Shanghai Stock Exchange this week was 460 billion, 430 billion and 410 billion respectively, which obviously did not support the Shanghai Composite Index to continue to break through. Therefore, today's strong rally can only be an over-falling rebound, and the Shanghai Composite Index can only break through 3100 points to be a real upward trend.
Attention direction.
1. The large weight remains stable, and the blue-chip stocks make up for the rise is the breakthrough way for A-shares. In the past month, the Shanghai Composite Index has been adjusting in a narrow range between 3000~3100 points, and the other three major stock indexes are showing a continuous downward trend. Personally, I believe that the weak rise of heavyweight stocks and the untimely replenishment of blue chips are the main reasons for the formation of this situation. The large weights of trillions of market capitalizations such as Mobile, CNOOC, and PetroChina have doubled into bull stocks, and the stock prices of the four major banks, Shenhua, Changdian and other heavyweight stocks are also hitting new highs. The historical trend tells us that the rise of heavyweight stocks can play a role in stopping the decline, but it cannot drive the A-share market to continue to break through. Next, the stagflation of blue chips, the second and third line of blue chips whose stock prices have been cut in half, need to make up for the market, the heavyweight stocks are stable, and the virtuous circle of blue chips must be established, only in this way can the A-share market have the hope of a breakthrough.
2. The greater the decline, the stronger the expectation of a short-term rebound in theme stocks. In the past two trading days, there has been a continuous decline in theme stocks, and the 1,000-share drop limit yesterday is basically a theme stock with a market value of less than 10 billion. Before the A-share market has not formed a breakthrough pattern, the over-falling rebound is still the main direction of the current A-share market, especially the hot concept of a strong rise in the first quarter is worthy of our careful study. For example, Wensheng video, AI concept, humanoid robots, new industrialization, flying cars, Xiaomi cars, auto parts, etc. are all hot topics worthy of our continued attention. I am an investment view, thank you for reading, and thank you for liking and paying attention.