Three reasons Normal adjustment of the overall market
Today, under the influence of the general rise of the peripheral stock markets, the two markets basically opened flat, followed by the fall of white wine, nonferrous metals, medicine and other blue chip stocks, driving the Shanghai market to hit the lowest level near 3548 points. However, the blue chip stocks with the concept of restructuring such as securities firms, military industry appeared to support the market, causing the market to stabilize step by step, and the market basically maintained a narrow range of shocks throughout the day. At the time of publication, the Shanghai market closed with slight gains and slight losses, On the market, individual stocks in the two cities fell more than rose, and organic silicon, medical beauty concept, operating system, transparent factory, secondary new shares, domestic software, information security and other sectors fell more than others; Polysilicon, superconducting concept, hydrogen energy, Apple concept, ultra-high voltage, photovoltaic concept, charging pile and other sectors were among the top gainers. Nearly 70 stocks in the two cities were up and down, while 11 stocks were down. The GEM fell more than 1%, weaker than the main board.
In yesterday's article, we reminded you not to ignore the pressure near 3580 o'clock. After all, this is the lower edge of the original market consolidation. Now the support has become the pressure level. The market is strongly supported near here, and the pressure is also strong. As a result, the market rose and fell near here yesterday. Today, it was consolidated again, and yesterday's prediction was successful.
The biggest hot spot in the market today is the photovoltaic concept stock. On the news side, in order to speed up the development of roof distributed photovoltaic, the National Energy Administration plans to organize the whole county (city, district) to promote the pilot work of roof distributed photovoltaic development nationwide. Today, the PV concept stocks rose sharply, and nearly 10 stocks, including Xiuqiang Shares, Tus Design, Jiayu Shares, Guangtian Group, Qingyuan Shares, Pioneer New Energy, Ruihe Shares, and Cente Shares, rose by the limit. CITIC Securities pointed out that the launch of the county wide distributed PV pilot program is expected to accelerate the intensive and accelerated development of domestic household distributed projects, Promote the further expansion of market demand, and drive the continuous implementation of energy storage and other supporting projects.
Tianshan Aluminium once announced in the evening of June 20, 2021 that on June 24, 763358778 shares with restrictions lifted will be listed and circulated, accounting for 16.4097% of the company's total share capital. The total number of shareholders applying for the lifting of restricted shares is 29, and the total number of securities accounts is 211. Today's opening limit falls. At the beginning of the Ningde era, a large number of original shares were also released from the ban. As a result, after two days of adjustment, they reached a new high. Now, the trend of non released shares of different sizes is not exactly the same. But in order to prevent accidents, we think the best way is to avoid such non released shares of different sizes. At least, the release of the ban has increased the circulation, Diverted market funds (note, all individual stocks in this article are only case studies and do not constitute a basis for buying and selling)
Technically, after five consecutive positive days of the market, today's consolidation occurred. This consolidation should be normal. After all, the market's 10 day line is still downward. The market needs to correct its indicators and wait for the 10 day line to level. Of course, the worst case scenario is that the 10 day line will not level, and it starts to diverge downward, causing the market to accelerate its decline. However, we think that the probability is small. The reason is:
First, despite the consolidation of the market today, the inflow of foreign capital still exceeded 2 billion yuan. There was no significant outflow of foreign capital, and the probability of the market peaking was low;
Second, although the overall market is adjusted today, there are still a large number of individual stocks in the two cities, indicating that the market funds are still looking for hot spots;
Third, the blue chips appeared to be protected in turn. In the early stage, the main protection was the oil, petrochemical and liquor sectors. Today, after these sectors were extinguished, the securities companies started to protect. In the later stage, if the market fell, the blue chips in the market were also supported by banks and insurance companies.
Therefore, our overall strategy and direction remain unchanged, and we continue to recommend Focus on bargain hunting and long buying. (Note: All views in this article are for reference only and do not constitute the basis for investment. You should take the consequences accordingly!)