A shares have had a very weird trend today. The Shanghai Composite Index fell 15 points in 6 minutes, directly breaking through 3,800 points. It seems that the adjustment has basically been finalized today.
However, at this moment, the ChiNext Index suddenly rose, and the increase reached 1.4% in the half hour of the opening, which greatly stimulated the market's long atmosphere. After that, the Shanghai Composite Index also quickly turned from a decline to a rise. After 10 points, the Shanghai Composite Index not only turned red, but also rose by 6 points.
It can be said that from the pattern in the past few days, the overall market is in a critical period of direction selection. At this time, the focus is on the problem of staying and leaving at 3800 points. If 3800 points stabilizes, the probability of the market breaking upward will be higher. If 3800 points are not guaranteed, it will tilt towards the 3700 points area. I didn't expect that when the ChiNext Index pulled like this, the situation seemed completely different, and the bulls took the lead at once.
Is this true?
Before answering this question, let's take a look at why the GEM index suddenly rose today?
From the market, the recent popular stocks Zhongji Xuchuang, Xinyisheng and Tianfu Communications saw a big rise in the early trading. Zhongji Xuchuang's maximum increase exceeded 8%, Xinyisheng rose by more than 7%, and Tianfu Communications rose by more than 5%. The opening of these three companies greatly increased, greatly stimulated the long-term computing power sector, causing the ChiNext Index to rise.
Why did these three companies rise significantly? I think the core is Citi's report yesterday, which gave these three companies a relatively high target price. In addition, Oracle in the US stock market rose by 36% last night, which is a significant stimulus to the artificial intelligence sector of A-shares today. Judging from historical rules, it has always been a time when technology stocks in the US stock market surge, and A-shares often follow. Last night, I saw Oracle's surge, and I basically thought about the performance of artificial intelligence represented by our computing power today.
"Yi Zhongtian" rose, the ChiNext rose sharply, is A-shares going to change this time?
I understand this wave of computing power and the powerful logic of artificial intelligence, but this strength far exceeds my expectations. Judging from the performance of several major computing power leaders, it is no longer a regular trend, which means that the funds in this are still very fierce, and the combined effect between the leaders is also very obvious.
The biggest feeling from this phenomenon is that for a long time in the future, A-shares will gradually learn the model of US stocks, that is, the focus of funds is no longer the general rise model of individual stocks, but the prevalence of index clusters and warmth. The index investment model composed of some technology leaders may rise in the index, and the situation where most individual stocks do not rise again.
Of course, this is obviously different from the 28th day of blue-chip stocks in the past. The previous one was a style model in the simple sense, and this structural differentiation is a model that conforms to the trend of the times. After all, computing power and artificial intelligence can generate huge economic value, and are a recognition of the market's return to the value of technology. In other words, the premium to the technology leaders is a pricing under a new model. For the A-share market, it is also a positive attempt and a model for learning from the US stock market.
So, we must pay attention to the gradual indexing operation model of the A-share market, and learn to focus on observing the investment model of the leading technology industry. How long can this bull market in A-shares rise or run far depends entirely on the durability of the vitality of technological innovation.
From my own perspective, I have truly felt that A-shares are really going to change this time. The model of the 7 sisters of the US stock market will gradually surface in A-shares, and the market will have a stronger and stronger consensus on this model in the future.
How to move A-shares next?
Judging from the trend of the ChiNext Index today, it is almost close to a new high. The Shanghai Composite Index is still a little short of it. Even if it reaches a new high in the future, it is not surprising at all, because the index is currently in a divergence trend, that is, the index itself is inconsistent with the technical indicators, the technology is in a downward state, and the index is still rising. The final outcome is that this rise will turn the trend and return to the adjustment pattern.
So, the pull-up of the index cannot change my cautious attitude towards the market. I think after this divergence, the market still has opportunities to adjust.
Disclaimer: The content in the article is for reference only and does not constitute any operational suggestions or prompts. Please be cautious if there is risk in the stock market and investment!
