The "One Step, Three Back" In The Stock Market Is Worrying.

After the stock market stood on the line for the past year, the good mood in the short term has soared, and there has been frequent good news. Whether it is going to enter the market for the elderly or the acceleration of Shenzhen and Hong Kong, there is no lack of catalyst assists. Under this circumstance, the stock index still has a good foundation.

However, at present, the downward pressure on the economy remains, the impact of the depreciation of the RMB is still the same, monetary policy is difficult to loose under the index to get out of the magnificent market, the short-term three step back structural rise is expected to continue.

It is suggested that we should maintain a proper rhythm in the holding of stocks, and have the courage to increase the position and reduce the price in the middle of the rally.

In early trading, the two cities opened up concussion and kept warm.

On the disk, the heavyweight continued to fall, affecting the stock index upward, but the theme stocks gradually became active or maintained the stability of the market. On the news side, the press conference of the Ministry of personnel and social affairs showed that the pensions will soon be on the market. The first scale is expected to be 400 billion, which has limited market impact but is conducive to raising market confidence. Technically, the average stock index is arranged in a long way, and the morale of many stocks remains unchanged.

Stock index continued strong shocks, and overall in the benign operation pattern.

In our concept, as long as the index is relatively stable, it is time to actively grasp the stocks.

Don't see, recent.

A large number of shares, such as Huang Shang Huang, Sichuan double horse and famous family exchange, are very eye-catching, indicating that the current enthusiasm for trading is still high.

Of course, in the short term, the 399678 deep new index will increase considerably and face the pressure of a small high point in August.

But in the medium term, the new stock market and the high delivery market represented by them are just beginning. The real high tide has not yet arrived, which is the top priority of the year-end market.

In addition, coal, nonferrous metals, cement and other price rise plates, mixed change theme, consumer plate and other recent performance, this is a good phenomenon.

Healthy disk should be so clear, there is a clear line, and other parts of the coordination, and continue to move forward.

On Monday, the market clearly opened up the upside mode. After breaking through 3100 points, the Shanghai stock index began to attack the early rebound point.

Considering all the positive factors, after the national day, the market began to attack, and stood on 3000 points, or even 3100 points. The first driving force was the regulation of the property market.

During the national day, a total of 20 cities issued collective property market control measures. This shows that the government's attitude is very obvious, that is, to limit the speculation in the property market, so as to guide the capital out of the property market, and underestimate the value of blue chips is the possible direction of this part of the funds.

According to Li Xiaojia, President of the HKEx, it is possible to announce the implementation of Shenzhen Hong Kong Tong on a Monday in November, which will introduce some international capital to A shares.

Then, high-quality blue chips will become the first choice.

In this way, the blue chip market will be able to "see the first line".

Coupled with other recent promotion of blue chips, such as the PPP concept, debt to equity swap and the further fermentation of mixed system reform, many Chinese stock markets began to attack upside down.

Under such circumstances, the rail pit represented by these plates is strong, driving the index up.

Infrastructure stocks are strong, not only because of infrastructure, but also in line with the concept of PPP engineering.

We say that the biggest cake of PPP is rail pit, which has been covered in my previous report.

Generally speaking, the amount approved by PPP can be said to have exceeded expectations and the number of landing projects has exceeded expectations.

From the total project volume, it is even more than four trillion in 09 years.

Well, under such circumstances,

The biggest benefit is rail pit, so the plate has been eye-catching recently.

In addition, rail pit is also consistent with the concept of "one belt" and "high speed rail".

In this way, the rail pit sector will further manifest itself.

At the end of the year, the market should be blue chip, and the blue chip story has much room for improvement now.

We can see that the Shanghai and Shenzhen 300 is still less than 14 times the P / E ratio. Compared with the small cap stocks, the price earnings ratio of 5 and 60 times is still very strong.

We can see that the price of high points can be seen, many of the stock in the middle of the word may be only sixty percent off of the high point, and some even less than sixty percent off.

In this case,

Even a rebound of fifty percent is only forty percent off of the high.

From this point of view, from the perspective of rebound, the quality of blue chip stocks should be relatively determined.

The trend of the financial sector may be divided, for example, the large blue chip banks may not be able to start because they need too much capital; for example, the smaller plates of securities firms, especially small brokerages, may be more flexible, and for brokerage stocks, there will always be a wave of rebound at the end of the year.

Especially this year, because of the first half of this year, the performance of securities companies has increased sharply. The reason is that the first half of last year was a big bull market. The base was too high. The performance of general brokerages in the first half of the year dropped by about fifty percent, but now the second half of the year, the profit of the securities dealers is expected to increase positively.

Then the bull market in 2015 will see that this year's profits should be the best in history and even exceed the profit point of 2007.

So now, brokerage stocks should be underestimated.

As long as the current rebound is determined, it can break through the previous high point, then brokerage stocks should usher in a wave of rebound.