On Wednesday, A-shares started the diving mode again, and the Shanghai Composite Index fell below the long-lost strong support 10-day line, and there is a need to further return to a wide range from a narrow range, and other indices have also adjusted. In the past few days, although I have been looking at the divergence, I have always fluctuated in a narrow range without adjustment, and I didn't expect that the time when I chose the northbound funds to close the market today has opened the adjustment mode.
Today, the turnover of the two markets was 761.1 billion yuan, a decrease of 7.7% from the previous day. The net outflow of the main forces of the two cities was 30.6 billion yuan, and the net outflow was quite a lot in this day, and the main domestic capital sold under heavy pressure. Northbound funds are closed today, and there is no way to refer to the attitude of foreign capital, but from the first two trading days, northbound funds have also continued to have a net outflow.
The ratio of individual stocks in the two cities is: 1:2.92, 65 down limits, 32 up limits, and finally individual stocks and indices rise and fall together, instead of the previous stock rise index general fall, individual stock general decline index rose strange performance. Today's real estate performance is eye-catching, which is also related to the real estate essay, but although the securities are limited by Guolian Securities today, the entire sector has weakened sharply, and there is a good trend, which is obviously the mainstay of the decline before, and today's securities have become one of the driving forces for the accelerated decline in the afternoon. In addition, the decline accelerated before the close of the market was the end of the car, which was mainly affected by the US tariffs.
According to the data, today's panic selling is the majority, the two markets shrink and adjust, the Shanghai Composite Index fell below the 10-day line, the main funds sold non-cyclical stocks, MSCI components, large-cap stocks, Beijing plate and MSCI mid-cap, and the dividend index was also dragged weak. As for whether it will join the ranks of smashing or buy after the northbound recovery tomorrow, it is difficult to say, at least we do not know during the session. There is a lack of financial support in the market outlook, and the market should look for support space downward.
Outlook on the market:
Yesterday I shared with you that there are now three different levels of strength of the index, the strongest Shanghai Composite Index, Shanghai 50 and CSI 300 accelerated below the 10-day line, from the technical indicators are really ugly, down to see if the annual line near the top of a little top, if not, back to a wide range of shocks. What's worse is the weak Science and Technology Innovation 50, ChiNext Index and CSI 1000, whether these three will be dragged down and the center of gravity will move down again.
In the short term, the technical bias is biased towards adjustment, but the whole pattern of the entire market in the medium term is still volatile, waiting for the major indices to adjust in place before there can be resonance, although it is low in the long run, but it has not yet reached the bull market. Before the market shouted that the Shanghai Composite Index had just come out of the technical "bull market" and ushered in a correction, this fragile confidence was enough to falsify the strength of the market.
There is no trading today, although I wanted to reduce my position before, but the profits of the major indices are not much, and as a long-term investment, I can only ignore short-term fluctuations and choose to hold my position. Of course, the adjustment is still an opportunity for me, who still has a new force, to see if I can continue to give opportunities to increase positions in the adjustment this time.
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.