Keep your position under control
By the close of trading, the Shanghai index fell 0.63% to close at 3250.26 points; the Shenzhen index fell 0.83% to close at 12305.5 points; the GEM index fell 0.36% to close at 2706.21 points. The turnover of the two cities was 920.1 billion, shrinking 22.4 billion compared to the previous trading day. The broader market in recent trading days in the continued shrinkage, it seems that the current position of the wait-and-see more and more people.
From a technical point of view, the three major indices of the daily trend graph, still maintaining a box running, but from the rebound cycle theory weak six strong eight, short term view then; today's market into this, the back is not too optimistic, making money and winning stocks, can consider first out, or the position control to 4 into the position. From the current Shanghai index of the 1-hour trend graph, the market is still maintaining a box, and continue to run the situation of oscillation. Has been horizontal finishing 6 days, if tomorrow the market can not account for the stable box top, if the bottom of the box 3220 points, the market may have to choose to run down, down the location, first look at the hourly graph of the gap location 3177 points. If accounted for on the top of the box 3280 points, the height of the rally remains unchanged, can look at the weekly 5-week line position.
The northbound funds sold 127 million net throughout the day, with Shanghai Stock Exchange net buying 1.205 billion and Shenzhen Stock Exchange net selling 1.333 billion.
For the northward capital in and out, need to pay more attention to changes in the exchange rate, if the exchange rate without significant fluctuations, foreign capital is also very difficult to appear large open and close. Recently the exchange rate has started the road of depreciation again, focusing on the strength. If the continued depreciation for the capital market is not too friendly.
Market overview: The broader market has been shaking and adjusting throughout the day, with all three major indices down slightly. On the board, pharmaceutical stocks were strong throughout the day, with sectors such as CRO, recombinant protein and pharmaceutical business rising, and cyclical sectors such as gold and chemicals were active during the day. On the downside, digital economy-related sectors were sluggish throughout the day. Overall close to 3,700 stocks fell in both markets, with market sentiment relatively depressed.
Additional assets (40% of the funds): It is still recommended to allocate mainly to bond funds, or fixed income + funds, without major opportunities do not easily use this piece of money. There are still more uncertainties this year, and the volatility will definitely be greater. Do a good allocation is still the top. The main line of this year's market may not come out until after the annual report.
The purpose this year is to seek stability, mainly to stabilize, fundamentally: the first half of the year only do stocks with performance support, the current sector can focus on; large financial, new and old infrastructure, household appliances, home, building materials, agriculture, forestry, animal husbandry and fishery, tourism and other sectors, individual stocks are still the main and undervalued varieties with stable performance expectations, the relevant broad-based index can also be configured at the bottom, + technically: only do beautiful form of individual stocks. (The above views are for reference only)