On Thursday, October 28, the Shanghai and Shenzhen markets further explored in the afternoon, the three major indexes fell more than 1%, and the Shanghai index approached 3500 points intraday. Coal, oil and gas, salt lake lithium extraction, chemical industry, nonferrous metals and other sectors collectively fell, resource stocks set off a downward tide, the two cities more than 3400 shares drifted green.
By the close, the Shanghai Composite Index was down 1.23 percent at 3,518.42 points. The SZSE component index fell 1.03% to 14244.82 points. The ChiNext index fell 0.92% to 3278.36 points. In terms of northbound funds, northbound funds bought 7.172 billion yuan in net throughout the day; of which the Shanghai Stock Connect net bought 4.563 billion yuan and the Shenzhen Stock Connect net bought 2.609 billion yuan.
This week's individual stock decline is more obvious, has formed a local stock market, mainly with most of the white horse three quarters to disclose the performance of the poor has a lot to do, but the worst three quarterly reports will be fully disclosed this week, according to the market law and past experience, after three quarterly reports until next year's annual report disclosure, this period is a gap period, which gives the relevant theme speculation, there is a certain imagination, so the difficult time is about to pass, we must not lose confidence
It is worth noting that foreign capital continues to flow strongly and heavily, and today there is another increase in the position of more than 7 billion yuan against the trend, which may also mean that the rebound is approaching.
Today's green electricity plate appears a significant upward downward pattern, which is in line with the author's expectations, after yesterday's outbreak, the desire to cash in on funds is relatively strong, in the context of market sentiment instability, this direction, short-term adjustment risk, if you hold shareholders, it is recommended that you leave the market first, waiting for the later decline, in the layout of the position
Cycle stocks have become the biggest driving force for the market to short, ferrosilicon, methanol, thermal coal, coking coal, coke and other commodity futures fell to a halt, thermal coal fell by more than 40% in just 7 trading days, such a large decline directly affected the trend of spot, coal, nonferrous metals and other sectors broke down, for cyclical stocks, two to three years of the big top has been cashed in, even if there is a rebound in the later stage, it is also a good time to gradually leave the market
Because the early surge in cyclical stocks is too large, with the future fed interest rate hike expectations heating up, there is still a lot of room for later adjustment
If the direction of new energy in the later period, there is an adjustment, the cycle stocks also have little opportunity, then the direction of the relay, what is it, the author expects that the probability of technology stocks is larger, especially the chip direction, the recent chip leader has announced three quarterly reports, the performance exceeds expectations, with the strengthening of domestic substitution, the future chip performance will continue to improve, and the entire chip adjustment is more sufficient, SMIC This leader, has obviously built a bottom, at any time is expected to rise, we can focus on grasping the high-quality core opportunities, For example, the third generation of semiconductors
In terms of individual stocks, the parts of the up and down stocks are as follows: Daikin Heavy Industry (10.00%), Wenshan Power (10.02%), Ruby Baoli (9.95%), Liangpin Shop (10.01%), and Suber (10.00%). The parts of the fall stop stocks are as follows: New Asia Qiang (-10.00%), Huatong Cable (-9.97%), Kemet Gas (-9.99%), Tibet City Investment (-9.99%), Qingdao Food (-10.01%).
The top five stocks in the turnover rate are: Jiusheng Electric, Tongli Sunrise, Zhongjie Seiko, Chengda Bio, and Jingjin Electric, which are 68.802%, 65.708%, 54.808%, 53.004%, and 49.780% respectively.
Today continue to put down the volume, not only fell below the 60 antenna and the first line of defense of the half-year line, but also created a new low of 3509, directly fell into the second line of defense 3515-3500, a new low means that the C wave decline has been established, after the fall of 3 antennas, from the space point of view has basically been in place, but the time is still a little worse, the end of the C wave next week may be greater, the C wave is over, this wave from 3723 will start the decline will complete the ABC adjustment structure, form an important stage low after the opening of three waves of rise.
Now the C wave has come out, essentially belongs to the lure hollow digging pit, will not change the general direction of the final upward, before opening the three waves to rise and then "pit" a handful of investors who are frightened by the continuous decline, let them hand over bloody chips at the low level, so the next fall, will form an important low at any time after turning back upwards, today's 3509 can not confirm that the low has appeared, the short-term line there is a possibility of testing the 3500 mark again, do not rule out that the main force will intentionally break the 3500, Retracement 3493 (annual line) -3472 (60-week line), and even explore the 3456 area after a rapid recovery, and form a 90-120 minute bottom structure (the daily divergence has disappeared), once formed, will be an important signal for the end of the C wave decline, from Friday we should keep an eye on this key point, the main support below the ChiNext board is at 3256-3233, Friday focus on whether it can stabilize here to recover.