Today's A-share trend is disappointing, although the intraday bulls have repeatedly attacked the action, but in the end it is still diving, the three major indexes all closed down, and the ChiNext board rose 1.45% from the highest in the intraday to the close of the decline. In the end, the Shanghai Composite Index fell 0.46%, the Shenzhen Component Index fell 0.67%, and the ChiNext Index fell 0.15%.
If you only look at the decline, such a decline is indeed very "pediatric", which can only be called a small decline or a technical correction. However, if you take a closer look at the disk, you will find that in fact, today's A shares are very bleak. The two cities rose 952 stocks, less than a thousand stocks rose, and the decline in stocks as high as 3115, the most recent decline in the day, more than three thousand stocks fell, meaning that the vast majority of people are "turning off the lights and eating noodles" a day.
The number of stocks that fell by more than 3% reached 1295, and there were 31 stocks that fell and stopped, and the market was not lightly pressured. There are 67 stocks with a limit of up and down, which has a certain money-making effect, but there has been a significant decline compared with the first two trading days of this week.
Today's three major indexes fell across the board, and the ChiNext board plunged after a sharp rise, indicating that after the short-term continuous adjustment, the selling pressure has poured out, and the probability will face an adjustment on Thursday.
First of all, from the index, the first two days of this week are rising trends, especially the ChiNext index, Monday and Tuesday are sharp rises, today's intraday once again rose 1.45%, the cumulative increase for three consecutive days has not been small, especially last Friday itself is a sharp fall after the recovery, from the low point of view, the bottom of the funds in the short term has a clear profit plate, these funds will definitely cash in short-term profits, become a new sell-off pressure.
And today, although the ChiNext index has risen, it has shrunk significantly, and finally did not stand on the 10-day line, and the pressure is obvious and needs to be adjusted.
Secondly, today's A-share overall trend is actually very weak, even before the morning index has not dived, the ChiNext index rose sharply and the Shanghai index is still a red disk, there have been nearly 3,000 stocks falling, and the decline is not small, which means that the strength of the index in the first half of the day, only by the impact of the index weight indicator stocks pulled up the impact, the actual investors do more confidence is insufficient, relying on the weight of the stock pull index is difficult to sustain.
In the afternoon, the weighted stocks could not hold back, began to give up resistance, the index appeared a rapid dive, the individual stocks sold pressure increased, and the ChiNext index, which rose sharply in the morning, also appeared a sharp dive and directly turned green. The bears once again dominated the market rhythm.
Finally, according to the past rules of A-shares, it is generally easy to rise at the beginning of the week, after all, as long as there is no obvious bearishness at the weekend, the relative relaxation of funds at the beginning of the week will promote the market to strengthen. A shares have always had the law of "Black Thursday", and on Thursday, they will often fall more and rise less, and this law will strengthen the psychology of investors, thus making it easier for the market to fall on Thursday.
And today the index has a higher diving, many intraday high entry investors have been set, the next will appear "more kill more" situation, the formation of a new selling pressure, so Thursday A share adjustment pressure increased.
Therefore, after two consecutive days of gains at the beginning of the week, and Wednesday's high dive, the short-term long power is exhausted, and the market has the need to adjust to the bottom again. The varieties that led the gains in the first two days are likely to be shorted on Thursday, and it is necessary to pay attention to the risks, and at the same time, it is necessary to pay attention to whether the varieties that continue to adjust can stop falling in advance, which is the key to whether the market can enter a benign rotation.