Nervous emotions amplify bad news.
In fact, market participants did not have much expectation for the trend of the A-share market on Friday.
First, during the rebound on Thursday, the trading volume can continue to shrink sharply after noon on Thursday, indicating that market participants are not optimistic about the follow-up trend.
Second, policies to stimulate economic growth, such as tax cuts, were not announced after the meeting.
Therefore, it is reasonable for market participants to be somewhat disappointed. But what I didn't expect was that A shares were too weak to give sugar on the ground.
In this regard, some people believe that this may be related to the current nervousness of A-share participants. Recently, there has been a discussion about auxiliary drugs in the media. For some high-priced and nutritious drugs, supervision may be strengthened or excluded from the medical insurance catalogue.
As a result, blood products stocks such as albumin Hualan Bio (002007) fell sharply on Friday. Similarly, pharmaceutical stocks with product sequences, such as Chinese medicine tonics, have also plummeted, and they have fallen without looking back, which is an obvious decline channel, such as East China Medicine and other stocks.
Such information magnifies the concerns of market participants, because the current price policy of the pharmaceutical industry is to reduce expenses. Accordingly, market participants will also have associations. In the context of the current economic slowdown, the opposite of reducing expenses is open source, such as tax information of movie stars.
This led to the successive decline of various sectors on Friday, making the stock index actually close at the lowest point on Friday.
Reduce positions and look forward to new favorable information.
Because of this, we should not expect too much from the short-term trend.
On the one hand, it is because A shares are currently in the last trading period of a year. There was analysis and discussion at the end of financial accounting in previous years, which means that the funds at the end of the year are relatively tight, and institutional funds need to emphasize the liquidity of cash. Therefore, the trading sentiment in the market will further cool down, and maintaining high liquidity will become the primary consideration of all funds.
On the other hand, there is no new positive information at the level of trading policy and industrial policy. On the contrary, there are a lot of information such as enhanced window guidance effect.
Therefore, hot money was further lightened on Friday. Whether it is the previous technology concept stocks, the recent radio and television concept stocks, or the small and medium-sized market value varieties in the 5G sector, they are all in the forefront of the decline list.
This trend shows that under the cold current, any operation, whether long-term value investment or short-term trading operation, has a high probability of losing balance, at least in the short term, there will be no probability of a sharp rebound in market value.
Therefore, if there is still no more optimistic positive information next week, then the trend of short-term A shares still tends to be weak and volatile, looking for support.
Therefore, in operation, it is advisable to further lighten the position.
At the same time, we need to pay attention to two messages:
The first is the policy information at the level of public opinion. If there is positive and unexpected information, you can change the operation strategy quickly.
The second is the change in trading volume. If the volume continues to rise steadily, the steady rise here not only refers to the steady rise of the daily K-line volume, but also refers to the steady rise of the daily time-sharing chart.
If you have both, then you can quickly change your more cautious operation ideas.
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(article source: this newspaper)