A-shares turnover gradually shrinking adjustment expectations

Golden Lark Investment Qin Hong on the weekend Shanghai Composite Index in the formation of a high Yin cross star, seems to indicate that a-share market again ushered in a short-term direction of choice.　　And because the volume can shrink and other factors reflect the market excitement has cooled, there is a view that the short-term or face a certain downward pressure, then how to see this trend? Market excitement lower for the last weekend a-share market trend, in fact, there was a chance to further expand the space, this is mainly refers to China Petroleum, Sinopec and other weight stocks and Pudong development Bank stocks, such as the upward trend of the market, 28 phenomenon has surfaced.　　In 2007, after "5 30", it is because of the weight of the blue chips represented by the rise of the Shanghai Composite Index not only quickly out of the shadow of the slump, but also made a a-share market to continue the bull, Shanghai Composite Index is a record 6,124 points of the all-time high. With the rise of blue chips last week, the market is indeed upbeat.　　But unfortunately, on the one hand, because of the rise of blue chips lack of the economic cycle of the 2007 boom, on the other hand also lack of 2007 fund issued by the most sought after the foundation of funds, so on the Friday blue chip market slowly falling curtain, Shanghai Composite Index helpless to collect a Yin cross star. At the same time, the hot switch is not successful also reflects the trend of the mainstream funds gradually aesthetic fatigue, because the blue chip is difficult to attract the mainstream funds further buying, which shows that the mainstream funds to the market gradually fear high, so that they have a new theme of the catalyst to produce aesthetic fatigue, For example, last week, the Shenzhen comprehensive reform package of information is undoubtedly a new catalyst for regional investment theme, but Handicap showed that mainstream funds on this investment theme did not have a strong interest in the Shenzhen local shares of the two-tier market share price waves.　　There are a series of industrial support policies such as new energy sources. These capital-oriented characteristics make the market's excitement rapidly weakened, this is not only reflected in the sharp decline in turnover-the Shanghai stock market turnover in Friday only 108 billion yuan, but also reflected in the shares of the--7% on the rise to be able to the top of the list, so the data show that markets initiative buying power greatly weakened　　, the degree of excitement is greatly reduced, which is obviously unfavorable to the subsequent trend of a-share market. Adverse information gathered of course, for bulls, the market also has a certain positive information: first, the pharmaceutical stocks and other varieties in the epidemic development of the information under the guidance of the more popular, especially the Rhine biological, da an gene and other varieties continue to limit, bringing a certain amount of money demonstration effect; the other is the market, although the hot switch is not successful,　　Long's aesthetic fatigue features appear, but the market has not yet continued to short varieties, the list also shows the initiative of the amount of pressure is not enough, in Friday the two cities fell the largest stocks of mega-dimensional technology, the decline of 6.02%. But unfortunately, these two positive messages this week or may become the market's adjustment pressure source, such as pharmaceutical stocks, such stocks high valuations, and short-term gains too high, in the last week, although will be condensed long short-term long energy of popular shares, but in this week, once into the tuneThe whole, will become the market new lethality.　　In addition, last week's initiative to throw pressure is not enough, and once this week the market appeared new adverse information, so many empty on the Monday degree of stalemate will be unbalanced, so that the balance of many empty competition biased towards the empty side. Unfavorable information also seems to be gathering, one is last weekend central bank governor Zhou Xiaochuan "on moderately loose monetary policy in the continuation of fine-tuning" position, make the funds on the subsequent funding side of a certain degree of disagreement; the second is about the Yangtze River Power is about to duplicate the information also means that At present, the A-share market has stretched the capital face will be facing a large shunt pressure, which is likely to break the balance of short-term and multiple empty, thus depressing the short-term trend of the market.　　If you take into account the last weekend, such as U.S. stocks, such as the sluggish trend of major global indices, a-share market today's trend is indeed not too optimistic.　　Two types of stocks or performance outstanding of course, because of market trends, capital flows always show an uneven state, so the weakness does not represent a lack of market investment opportunities, as in the weekend market although the index is weak, but the pharmaceutical stocks and some small and medium-sized market varieties upstream trend. At present, there are two types of stocks can be tracked: one is the industry's recovery is expected to be more strong varieties, auto parts ningbo Huaxiang, Wanfeng Owei and other shares is so; the second is the fundamental face of the focus on the kinetic energy of the shares, such as its own high-quality subsidiaries of the Long Garden Group, For example, with the shareholders change the expectations of Huayang technology, Fenghua Hi-Tech, star Lake Technology and other stocks.