Gem Index Closed On The Yang Line

On Tuesday, Shenzhen Shanghai A showed a trend of concussion. In August, when the main board of Shanghai returned to fill the line gap (3652-3663) in August of this year, the cooperation of the gem in the same day made Shenzhen index complement the daily line level (12582-12511). At this point, the three indexes of the gem index, Shanghai Composite Index and the Shanghai component index all completed the supplement of the daily line, but the gem was completed earlier.

From the day of market, brokerage stocks appeared high volatility and differentiation trend, while bank stocks fell overall.

The index closed up the small Yang on the Yangling line, while the overall volume compared with yesterday, it has shrunk to varying degrees, showing that the market share performance, the track of the start of the chase will begin to decline.

We believe that the target position of the current rebound in the main board has reached the news level.

In fact, restarting does not constitute a continuous promotion of the rise. The track record of survival of the fittest and risk factors in the international capital market shows that the risk of new shares is often accompanied by breaking up and rising.

The study believes that its impact on the market will be reduced. At present, IPO is only an expedient measure. There is still a distance from the introduction of registration system, that is, marketization.

Judging from the latest PPI and CPI indicators, the trend of synchronous decline is obvious, indicating that the macroeconomic situation is very severe. Therefore, in the cycle of economic decline or uncertainty, the current rebound maintenance cycle may be faced with huge market turbulence.

From the perspective of operation strategy, investors in the band must be highly cautious and control positions.

Wait-and-see should be the main consideration.

From the technical indicators, in the Shanghai composite index completion of the completion of the daily line gap, Shenzhen's index gap to supplement, the three major stock index market KDJ and RSI are at a high level, indicating that short-term technical indicators are overbought, taking into account that the volume can shrink, so it is expected that the probability of short-term market technology shocks will be greater, and once the amount can be receded, we must prevent a downward trend in the market.

In the early stage, we positioned the target position of the main board market in two levels. The first target position, which formed a gap of 3349-3388 in August this year, has been repaid. The second target position, the 3663-3652 gap in August 21st, appeared today. The gap between the Shenzhen gap and the Shanghai Composite index was one day, and today, the three largest stock index is back up to the top gap since August.

From the perspective of compensation trajectory, the main board index gap compensation process is more difficult and needs news stimulus than the gem index.