Although there were six major negative effects over the weekend: 1. Social finance and M1 both had negative growth. 2. IPO restarts, 3. Northbound funds are no longer disclosed in real time. 4. Biden was revealed to announce new tariffs on China's electric vehicles as soon as next week, and 5. The Federal Reserve governor said that he would not consider cutting interest rates this year for the time being. However, there are also Hangzhou, Xi'an, Nanjing, Shenyang, etc., which have relaxed purchase restrictions or settlement restrictions; For example, the price of water, electricity, gas, transportation and other benefits are good. On the whole, the weekend is actually bearish, but from the market's understanding, although A-shares opened low and went low for a period of time on Monday, they were not weak as a whole, and did not completely break down and fall, but shocked again after looking for support downward. Judging by the trend of the major indices, the market seems to be more resilient.
Judging from the data: the turnover of the two markets today was 909.8 billion yuan, a slight decrease from the previous day. The main net outflow of the two cities was 26 billion yuan, and the outflow of the two cities today was larger, mainly concentrated in the morning half an hour and one hour before the afternoon closing. Northbound funds will no longer be announced in real time today, but looking at the trend of the market, I can probably guess that most of today's northbound net sellers are the majority, and now the northbound funds are net selling 4.591 billion yuan after 17:30. The main force of domestic and foreign capital continues to be bearish.
Today, the rise and fall ratio of individual stocks in the two cities is: 1:3.6, with 39 up limits and 77 down limits, and the market makes money poorly. The change in the sector is mainly affected by the good news of electricity and gas price increases over the weekend, followed by most concepts and themes, it is worth noting that the concept of securities is also performing well today, and the battery, low-altitude economy, etc. have weakened sharply, and the market rotation is obvious. Driven by funds, MSCI components, large-cap stocks, medium and special stocks, northbound heavy positions, and low price-to-earnings ratios are among the top net buyers.
Judging from the data, the individual stocks are weaker, the money-making effect is worse, and the main net selling of the two cities is the mainstay, but there is a lack of northbound intraday real-time data guidance, and everyone has less intraday intraday short-term guidance. The data looks like the bears are dominant, but if you consider the impact of multiple bearish news over the weekend, the adjustment of the index is not large.
Outlook on the market:
From the K-line chart, the major indices are still volatile, at least the Shanghai Composite Index has not returned to the 3100-3000 box, the major indices are more shock-based, compared to the market has a money-making effect more in individual stocks and plate rotation. It's just that this kind of rotation is more and faster, a few days ago it was still colored and low-altitude, and today it is electricity and gas, and the continuous strength is insufficient. But this kind of market is normal, after all, the market transaction is not enlarged in an orderly manner, and the lack of incremental funds cannot always focus on a few hot spots, and it is more likely to be healthy by rotating.
Although there are bearishness today, Panzhou digests most of it, unless the main capital selling pressure continues, it is now more just a strong shock, mainly a structured market. For this kind of market, I continue to choose to wait and see, choose the opportunity to invest, anyway, this year is still profitable and there are vacant positions, no matter the ups and downs are not afraid.
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.