Can we have a good start after the festival?
Today, after the index opened low, it rose and turned red. Later, the band rose to a new intraday high, but then fell back in shock. In the afternoon, the index moved above the red market, and individual stocks in the sector differentiated slightly. At the end of the day, many sectors bottomed out and rebounded, and the index ended its recent continuous adjustment in a rising pattern.
Today, the market downturn eased slightly, and both the protection of heavyweight stocks and the activity of theme stocks have certain support for the resolution of short-term risks of the index. In the case of individual stocks, the number of limit decline boards has decreased significantly, but a small number of individual stock risks have not been completely eliminated.
On the market side, most of the sectors are picking up today, and the market is generally rising. However, in view of the last trading day before the festival, the market is running smoothly as a whole, which is also in line with the main laws of the market before the festival. From the transaction point of view, today's extremely shrinking upward also indicates that there may be a demand for change in the short term. From the performance before the historical festival, the probability of market turning is relatively large.
Of course, we also need to note that MSCI is about to increase the proportion of A-shares to 10%, and the funds from Beijing will also show a trend of intervention, which will inject new vitality into the market and enhance market enthusiasm. While the funds from the north generally tend to be financial and consumer targets. At this time of the callback, it is advisable to pay more attention to financial and consumer stocks.
As for the post holiday rebound of the index, it is expected that the index will rebound slightly, but if the rebound is limitless, you should beware of another pullback of the index, and if you get the renewed attention of funds when the pullback occurs again, it may be the time to add positions again!
In terms of operation, the middle line will continue to select high-quality targets for layout, while the short line can continue to play individual stock games, and make preparations for adding positions again and building positions on bargain hunting. In terms of specific targets, undervalued blue chips and growth leaders with good performance can be given priority.
