According to statistics, blue-chip stocks led by automobiles, steel and finance rose in turn this year, pushing the stock index to rebound sharply, with a cumulative increase of more than 20%. However, there is a big difference between individual stocks. Only 20% of the stocks rose more than the broader market, while more than 50% of the stocks fell instead of rising, even hitting a new low. The reason is that the funds in the whole market have intensified to concentrate on a few large-cap blue-chip stocks. For example, on May 22nd, the total turnover of the top 20 stocks in Shenzhen and Shanghai stock markets was about 5.5 billion, while the total turnover of the two cities on that day was 654.38+0.43 billion, that is to say, less than 4% of the stocks accounted for 40% of the total turnover of the two cities. Moreover, the gains of these 20 stocks on that day were almost in the forefront, and most of them belonged to the recent mainstream sectors.
This shows that: the more active the trading volume of individual stocks is, the easier it is to attract funds to join and promote the stock price to rise; However, the lower the turnover rate, the more investors are urged to join the sell-off, and the stock price keeps falling. From the experience of futures, the more varieties with huge trading volume, the more they can attract long and short sides to join the battle, thus gaining more market opportunities.
According to this phenomenon, we can focus on the top two stocks in daily turnover, and other stocks can be almost ignored. Most of these varieties with large trading volume have the characteristics of low stock price, low market yield, large circulation and high dividends. The number of such stocks is less than 10%, but most of the opportunities in the market are concentrated here. At present, it is still on the rise, even if it is temporarily quilted, there is a chance to untie it. Therefore, Songshan, Shaogang, for example, once fell by nearly 30% in April. In the near future, it can not only recover lost ground but also hit a new high, greatly simplifying the stock selection work. Instead of casting a net everywhere, it is better to seize the mainstream and focus on the attack.
Investors can pay special attention to Shanghai Stock Exchange 180 Index and Shenzhen Stock Exchange Index. Last year, some new funds were set up specifically for these indexes. These institutional investors also limit the scope of stock selection to a small framework, which is worth learning. Moreover, Shenzhen Component Index has been the weakest index since 1997, and all other indexes reached new highs in 2000, and the index failed to reach new highs. But this year, the index has become the strongest index, reflecting the huge opportunities for index stocks. For non-mainstream stocks, even if there is intermittent market, it is difficult to grasp the market, and it is a tributary, so it is not appropriate to participate easily. For example, the ST plate rebounded strongly after oversold this week, but continued to fall after a small rebound. The overall downward trend makes holding such stocks contain great risks.
5% stocks are flames and 95% stocks are seawater, which makes the operation mode based on tracking index irrelevant. In particular, the rise of a few index stocks masks the fact that most stocks have fallen, making the risk of holding weak stocks even greater than the big bear market. Investors can make appropriate investment choices according to this new "28 Law".