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personal strategy
Although the A shares market continued to rise for two days this week, the Shanghai Composite Index is still below the top 2650 I predicted in September, which means that the current trend has not yet deviated from my expectations. That's true. My personal strategy continues to remain unchanged, keep a light position and wait and see, and consider reducing positions at high prices. I will only enter the market with a heavy position after the callback of and appears and the callback to the bottom.
market view
both rose yesterday and today, but after hitting a short-term high yesterday, it did not continue to rise strongly today. After the closing, the Shanghai Composite Index only rose slightly by 0.02%, and the upward point was only 0.72, which can almost be regarded as a flat closing. In fact, there is still room for growth in the three major A-share markets, besides the ChiNext Index, and it is almost difficult for the Shanghai Composite Index and Shenzhen Composite Index to break through upwards.
The main reason for this is that the Shanghai Composite Index encountered the gap in the previous high gap and the previous top area, while the Shenzhen Component Index came to the two top areas of the short-term in the previous short-term . The pressure here is also very high. Although it is not as stressful as the Shanghai Composite Index, it is much larger than the ChiNext Index.
In contrast, the trend of the GEM has not risen much recently. The current trend has not reached the previous short-term high, and it is estimated that it has reached the halfway point. In addition, many stocks in the GEM are and sectors at short-term bottom, such as the photovoltaic sector, where the weight of individual stocks in the GEM accounts for a large proportion. sectors like photovoltaics that are at short-term lows are quite popular with investors at this time. This is an instinctive reaction to people who have not risen much recently. They believe that stocks and sectors that have not risen much recently will be filled.
But then again, there are not many sectors that have not risen much recently, and many have risen a lot. The big pullback may start at any time. The next fish tail market is not delicious, so it is better to be cautious.
This article is only a personal opinion based on personal experience and analysis of market factors. It does not mean that the market will definitely go like that. Personal opinion is not used as investment advice.