The Market Gives A Powerful Signal: GEM Has Become The Protagonist

At the first hour of the market opening today, the Shanghai Stock Index released the largest single hour trading volume in recent days, but the stock index did not rise strongly. The Shanghai Stock Index only reached 3141.33 points and then fell back. In the following hours, the market turnover was obviously weak; It can be seen that the selling pressure above the stock index is heavy, and investors are not willing to chase high; In this context, it is difficult for the stock index to rise again strongly in the short term, or still maintain a range shock pattern. It is recommended that investors control their positions in operation.

The market opened slightly lower today, GEM During the session, a sudden effort was made to help the Shanghai Index hit a new high. Internet+, Big Health and other theme stocks that had been silent in the early days rebounded. However, the concept blocks that had recently performed strongly, such as debt to equity swap, high margin transfer, and equity transfer, turned sharply downward today, with a large outflow of funds, and the weight of coal was only good. The market growth enterprise market in the morning became the leading role.

After the opening in the afternoon, due to the lack of capacity, the market once again entered a stage of depression. The CSI 300 and SME board fell back deeper, the hot spots were not concentrated and could not be maintained, and the capital inflow continued to weaken. The performance of the Shanghai and Shenzhen stock markets was uneven, and the differences between the two sides increased. The GEM index was always operating at 2150 points, the bottom was more solid, but the SME board fell rapidly, Since the opening in the morning, it has basically been in a weak downward trend, and the performance of Shenzhen Stock Exchange is still weaker than that of Shanghai Stock Exchange.

On a daily basis, the Shanghai Index is still above its moving average, Support force It is still effective, but to effectively break through the top of the platform area, it needs the cooperation of the persistent hot spots and the stable play of the GEM index; On a weekly basis, the Shanghai Stock Index has formed four consecutive small positives, and its volume can continue to expand. The dual support of the combination of the rising trend line and the moving average ensures that the main board is worry free, but it will still maintain a volatile trend in the short term.

While the daily GEM index is still facing the suppression of the above average combination and the downward trend line, it is difficult to break through in the short term, but yesterday's high volume positive line has announced the signal of ending the decline, and the risk is gradually reduced. From a weekly perspective, the GEM index is obviously at the top of the symmetrical triangle, forming three consecutive small yin. Although it has moved in the opposite direction with the Shanghai index recently, the short momentum has begun to weaken, and it will take 2140 to 2150 points as the center to build the bottom or even rebound 。

The market rose and fell back, failing to continue its strong performance yesterday. The weak performance of the peripheral market was also one of the reasons for its poor performance, and the performance of a tiger's head and a snake's tail covered the market again; At the weekly level, the Shanghai index has risen four times in a row, setting a company commander record since 5178 points. However, the upward momentum is insufficient, and it has always been unable to effectively break through the pressure level of 3140 points. Therefore, the shock pattern will still be maintained in the short term;

The downward trend of GEM index is still obvious, but yesterday's high volume positive line has become the benchmark for stopping the decline, and the 2140 to 2150 point hub will become an important support area for later operation. Operationally, the position of the main board is relatively high, and the position of relevant individual stocks can be properly controlled. The concept of high delivery and equity transfer is still the main force of the market rebound in the later period. With the advent of the Double 11 next week, logistics, e-commerce and other beneficiary concept stocks are expected to have a short-term rebound, and investors can pay appropriate attention.