Market turnover plummeted, institutions were trampled on in the early stage, and panic quickly spread, leading to irrational decline, reaching a short-term low of 342 1. In the early stage, oversold industries and individual stocks were active repeatedly, and market funds abandoned high and took low, seeking advantages and avoiding disadvantages.

At present, in the direction of holding the group, after a sharp decline, individual stocks generally fell by about 30%, and the short-term power of the decline was released. The valuation was initially digested, but a huge locking disk was formed above. Therefore, even if the direction of the organization rebounds, it is a long process of repeated digestion and fixation, which is not easy to achieve overnight, and it takes time for the market outlook to digest.

I still maintain the previous shock judgment of 3450-3750, and the shock time needs more than half a year. This is a judgment on the institutional line and core assets. The next half year is still a structural market, and it remains to be seen whether relatively low-level industries and stocks can form a money-making effect under the tide of hot money.

First, the market structure.

The turnover of the two cities was 979.3 billion, and the turnover plummeted. The number of falling households is 3 1 18. Growth enterprise market fell by -4.98% the most, while Shanghai Composite Index and CSI 500 fell by -2.3% the least, which neutralized the decline to some extent, because there were more votes than there were votes.

Second, the market structure

Among the seven major indexes, Zhongke Chuang50 is in a down limit state, and the other six are in a callback state. Flush 66 industries, callback 2, fell below 4, led by 4, rebounded 27, up more than 8. Led by 2 1:

The leading proportion of stocks in the two cities is 16%, and the leading proportion of Shanghai-Shenzhen-Hong Kong Stock Connect is 18%. In the two cities, there are 46 record highs and 22 consecutive boards, 59 with a 9% increase and 63 with a -9% decrease. Headed by 573 companies, the number of rebound companies is 1673. In the past 15 trading days, the two indicators of leading decline and rebound have repeatedly strengthened, while the index is relatively weak, and the data such as the rapid decline in the proportion of leading gains in Shanghai Stock Connect show that the trend of funds to relatively low-level industries and individual stocks is very obvious, while high-level institutions are in a state of collapse.

Third, the industrial structure

The 20-day ups and downs of various industries are as follows:

Fourth, the leadership structure

The number of leading companies is 65,438+065,438+02, which continuously drops sharply, and the revenue growth ratio is 38.39%. It shows that the profit-making effect of institutional line is weak. The top two industries are nonferrous smelting and processing 10, banking 13, architectural decoration 6, chemical industry 6, steel 12, and coal mining and processing 6.

Verb (abbreviation of verb) land stock connection

Today, the net purchase amount of northbound funds is-8.589 billion. Since the first quarter, the cumulative net purchase has exceeded 70 billion. In the past two weeks, most of them have flowed out repeatedly.

In terms of industries, the largest inflows of funds last week were banks, electronics and steel.

60-day Masukura Ratio Top 30 Stock Rankings:

Abstract of intransitive verbs

Market turnover plummeted, institutions were trampled on in the early stage, and panic quickly spread, leading to irrational decline, reaching a short-term low of 342 1. In the early stage, oversold industries and individual stocks were active repeatedly, and market funds abandoned high and took low, seeking advantages and avoiding disadvantages.

At present, in the direction of holding the group, after a sharp decline, individual stocks generally fell by about 30%, and the short-term power of the decline was released. The valuation was initially digested, but a huge locking disk was formed above. Therefore, even if the direction of the organization rebounds, it is a long process of repeated digestion and fixation, which is not easy to achieve overnight, and it takes time for the market outlook to digest.

I still maintain the previous shock judgment of 3450-3750, and the shock time needs more than half a year. This is a judgment of the institutional line, and it can also be said to be a core asset. The next half year is still a structural market, and it remains to be seen whether relatively low-level industries and stocks can form a money-making effect under the tide of hot money.