Reading guide:6month25The market continued to weaken,The Shanghai Composite Index was relatively resistant、The index fell nearly 2%:The full-day turnover of the Shanghai and Shenzhen stock markets was 648.2 billion yuan,47.3 billion yuan smaller than the previous trading day; The number of individual stocks rose slightly, with a median change of 0.23%. In terms of sectors: industrial machine concept stocks rose sharply at the open, auto parts stocks rebounded, and real estate stocks and tourism stocks rose in the afternoon; The chip industry chain collectively pulled back, and sectors such as the concept of large fund holdings, AI PC/mobile phones, advanced packaging, memory chips, CPO, and new stocks on the science and technology innovation board were among the top decliners.
The market continues to sell miserably, and the overall performance of individual stocks is slightly stronger than the index, which is the only place that can give investors a little comfort in today's broken market. If you just look at the number and amplitude of the limit (there are many 20CM long legs), the local blood return effect is very good. The problem is that the trading atmosphere of the entire market is still bleak, and the volume of the two markets has been hovering at the "6" for three consecutive trading days.
In the [Afternoon Comment] of the VIP customer platform, Brother Qian made a summary analysis and reminder with the title of "If there is no quantity, there is no variable, continue to wait"——
In the afternoon, real estate stocks and tourism stocks moved up, which once drove the Shanghai Index to turn red, but it was only 30 minutes before the three major indexes collectively dived. After the index fell below the 1,700-point integer mark, the market still had no resistance; A team finally couldn't sit still and entered the market at 14:15 to pull up the CSI 300 ETF.
In this regard, we once again reminded us during the intraday live broadcast that "the key is to see continuity"! What makes people speechless is that "Xiongqi" is still only a quarter of an hour, and "lifting but not lifting" is still the most familiar taste.
The trend of the market in the past 1 month can only be described as "speechless", and I really don't know how to write this stock review. From a technical point of view alone, the market still has not sent a clear signal of stabilization, but has just continued to test one support after another -
1. The Shanghai Composite Index fell below 2943 intraday today and then pulled back, and if it breaks again tomorrow, it depends on whether the 2922-2900 range can be held.
2. The deep finger tail has also pulled back slightly, and if it continues to go down tomorrow, it may try to make up for the gap of 8742-8724.
3. The index closed barely at 1700, and if it breaks again, it depends on whether the range support of 1669-1642 is effective.
It's a bit chaotic in direction, and I don't dare to have extravagant hopes for sustainability right now:
There are tourism stocks with seasonal rotation expectations, and there are collective changes this afternoon, and after the close, there is a good stimulus of "China's trial visa-free policy for New Zealand, Australia, and Poland (from July 1, 2024 to December 31, 2025, people holding ordinary passports from the above countries can enter China visa-free for no more than 15 days)", but for the time being, let's look at the over-falling rebound - don't blindly chase the rise without a bottom position!