Yesterday, affected by the increase in the deposit reserve ratio and the general decline in the surrounding stock markets, the market jumped sharply short and opened low and went down all the way. At the 90 day moving average, the index was strongly supported by bargain hunting and launched a round of backdraft. Although the final index did not turn red, there is still a little hope from the backdraft.
Highlight 1: heavyweight stocks led the decline, but the strength has been small. Yesterday, the indexes of the two cities fell sharply, and the main driving force is still the sharp adjustment of heavyweight stocks. However, from yesterday's market, the decline of heavyweight stocks has been very limited, and some have begun to differentiate. with Daqin Railway 、 citic securities A group of heavyweight stocks led by the Group began to rebound. This sign shows that after continuous decline, the short selling power of the whole market has been released to a large extent, and even the bad news can not significantly depress the market again. The day of collective rebound of heavyweight stocks is not far away.
Highlight 2: The 90 day moving average constitutes a strong resistance line in many ways, and the rebound at the bottom of the box is worth looking forward to. Yesterday, the Shanghai Stock Exchange Index encountered strong resistance from many parties at the 90 day moving average, and this front line was the bottom of the box formed on September 12. There was strong resistance from many parties at this front line. If there was no further bad news to suppress the market, there was a great possibility that the market of the two cities would rebound, and it was very likely to be pulled back to the BOLL track for consolidation.
Highlight 3: The turnover in the rebound has increased, and the funds for bottom hunting have started to be active. There were many adverse factors in the market yesterday, but under this circumstance, the trading volume was somewhat larger than that of the previous few days, indicating that there were still many funds actively involved in the process of overselling, and the funds involved were increasing. In this case, as long as the market fundamentals improve, the whole market will easily trigger a strong rebound.
Highlight 4: Be cautious in the face of the rebound. There is still the possibility of repetition in the future. Although there was a certain degree of withdrawal in the market yesterday, investors saw hope. However, judging from the strength and quantity of the rebound, it is unlikely that a strong rebound will occur immediately. The CPI will be announced in October, the surrounding markets will continue to adjust significantly, and the expectation of interest rate increase is approaching, all of which pose strong psychological pressure on investors. The rebound after the oversold is expected, but the real reversal is still a bit of time.
Taking a comprehensive view of the market yesterday, it was a pity that there was no bare head and bare feet. In the withdrawal, investors should see the hope, but they should still be cautious in operation. Careful stock selection and position control are still the best strategies.
(Chu Feng)
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
