This week, the market has seen a violent upward trend. Before the holiday, everyone received a big red envelope, and at present, under the guidance of the policy, the market has soared. It can be said that the short-term has completely reversed the downward trend, and the confidence to go long has been restored again. The market has continuously overcome the important integer thresholds of 2,800, 2,900 and 3,000 points this week, and has stepped on the annual and semi-annual lines.
This week's blockbuster good news continues, and the central bank even directly intervenes in the operation of the market to provide huge funds for the market, so the good news introduced by the state this time can not be said to be overwhelming. It is not surprising that the market even pulls the 100-point long white line, but on the first day, when the market pulled out the 100-point long white line, everyone has not immediately woken up. At present, the market has entered a bull market atmosphere, and the weekly trading volume has increased sharply this week.
The GEM is even more bullish, and the GEM even pulled a "price limit" on Friday. This week's outburst was entirely caused by positive policies. This week's hot spots are mainly focused on the financial troika, especially the brokerage and insurance companies have seen a sharp rise. There is only one trading day next week, and the upward pull of the index still depends on the power of the financial troika. However, the banking sector has already shown weakness on Friday, and this should be closely watched. In addition, I said here last week: "The National Day Golden Week is approaching, and the consumer tourism sector deserves attention. "We've seen both sectors rise very well this week, and the property development and skit interactive games given in Wednesday's article have also skyrocketed.
What's new:
China Securities Regulatory Commission: Hurry up the introduction of guidelines for the management of the market value of listed companies
The meeting emphasized that it is necessary to highlight the implementation of the guidance on promoting medium and long-term funds into the market, reverse the key to improving the supply of funds, vigorously develop equity public funds, continue to increase the scale and proportion of equity funds, and strive to create long-term stable returns for investors. It is necessary to implement policies by category, break through the blocking points of various medium and long-term funds to increase their efforts to enter the market, and accelerate the improvement of the policy system of "long-term money and long-term investment". It is necessary to make greater efforts to promote the improvement of the quality and investment value of listed companies, do a good job in the implementation of the newly released "six mergers and acquisitions", and launch a number of typical cases as soon as possible in promoting industrial integration and optimal allocation of resources, and better serving the development of new quality productive forces, and pay close attention to the introduction of market value management guidelines for listed companies to support listed companies to make good use of policy tools. It is necessary to strengthen cross-ministry coordination, and actively cooperate with the implementation of relevant monetary policy tools such as securities, funds, insurance companies, swap facilities, stock repurchases, and special reloans.
Note: In the statement of the CSRC, we are most concerned about "stepping up the issuance of guidelines for the management of the market value of listed companies". On May 9, 2014, market value management was written into the State Council's "Several Opinions on Further Promoting the Healthy Development of the Capital Market", known as the "New Nine Articles". Market value management is considered to be an important symbol of a virtuous cycle for enterprises to become stronger and bigger. The quality of market value management also reflects the management ability of a listed company, so in the future, whether a listed company is worth investing in, in addition to paying attention to its performance, it is also necessary to see whether its market value matches.
Central Bank: Cut the standing lending facility rate by 20 basis points
On September 27, the People's Bank of China (PBOC) announced that it would adjust the overnight, 7-day and 1-month standing lending facility rates to 2.35%, 2.50% and 2.85% respectively.
Note: This is another quantitative tool that directly followed up after the PBOC just announced a 0.5 basis point RRR cut. A combination of punches has shown us that the central bank has indeed spent a lot of effort to stimulate the recovery of the economy. This time, it is a multi-pronged approach, from the securities market to the real estate market, to the real economy in an all-round way. The loose monetary policy has been opened, and we only need to pay attention to the effect in the future.
Weekly review:
This week, the main board opened at 2,735 points, with a high of 3,087 points, a low of 2,731 points, and a close of 3,087 points. It rose by 350 points, or 12.18%. The Shenzhen Component Index opened at 8,071 points, with a high of 9,619 points, a low of 8,054 points, and a close of 9,514 points. It rose by 1439 points, or 17.83%. GEM opened at 1,538 points, with a high of 1,919 points, a low of 1,528 points, and a close of 1,885 points. It rose by 348 points, or 22.71%. The biggest gainer in the three major indexes this week was the ChiNext board. In addition, the BSE 50 index rose 110 points, or 18.16%, this week, and this big rise also confirmed the bottom of the BSE 50 at 593 points in the previous week.
Technical analysis of the main board of the Shanghai Stock Exchange:
The broader market has seen a continuous upward trend this week, rising from Monday to Friday. Moreover, there was a long white candlestick of 100 points on Tuesday and Thursday, leaving 3 gaps in the week, which is relatively rare in history. Looking back now, I was really surprised by this week's market performance. Technically, we said last week that there would be a rebound, but due to major policies, the rebound turned into a reversal. And the intensity is so great, causing many investors who have not watched the market to lose the best opportunity to enter. But it doesn't matter, there will definitely be a chance to get on the bus after the holiday, and the market can't always pull 100 points of Changyang like this. At present, from the perspective of the moving average system, the market has broken through the pressure of the annual line in 5 trading days, and the short-term moving average has no obstacles. Specifically, the 5-day moving average crossed above the 10-day, 20-day, 30-day and 60-day moving averages this week, the 10-day moving average golden cross 20-day moving average, and the short- and medium-term moving averages all turned upward. The J value of the daily KDJ is passivated in the overbought area for 4 trading days, and the probability of rising and falling next Monday is relatively large, and it is likely to fluctuate after the holiday. The daily MACD shows that the fast and slow lines appear upward golden crosses, the opening between the fast and slow lines increases, and the red column piles quickly enlarge.
Looking at the weekly line again, this week's K-line pulled out a bald long white candle. This white candlestick has the function of fixing the sea god needle, which announces the formation of the mid-line trend of the market. At present, this weekly white candlestick has crossed all the short- and medium-term moving averages, and the 5-day and 10-day moving averages have turned upward. The weekly MACD fast line quickly turned around and formed an adhesion between the slow line, and the green column pile disappeared "instantly". KDJ three-line golden cross and diverge upward, J value has not yet entered the overbought area, so the market will fluctuate upward. Looking at the end of the market adjustment, the upward trend is basically established, and the pullback is an opportunity to get on the bus.
GEM Technical Analysis:
The GEM also rose sharply this week. Except for a small black candle on Monday, it has risen for 4 consecutive trading days. At present, the GEM has left two gaps, and this week's 5-day moving average, the golden cross, 10-day, 20-day, 30-day and 60-day moving averages. The 10-day moving average is a golden cross 20-day and 30-day moving average, and next week will be a golden cross 60-day moving average. The J value of KDJ has entered the overbought area for 2 trading days, and there is still room for growth in the future. The daily MACD fast and slow lines are all going up, and the openings during the period are also increasing rapidly, and the red column piles are rapidly enlarged.
Let's look at the weekly timeframe. This week, the GEM pulled out a long white candle with a slight upper and lower shadows, and this white candle directly hit the highest point of the year near 1926 points. Next week, the GEM has the ability to rush up to 1926 points, and now the 5-week moving average is a golden fork of the 10-week moving average, and the GEM refers to the 60-week moving average. A golden cross appeared on the third line of Zhou KDJ and quickly diverged upward. Weekly MACD fast and slow line golden cross, red column pile released. On the whole, the mid-line adjustment of the GEM has ended, and the upward trend has been established.
Editor's note
The column of the author of this article, Wang Hui, has been settled in "Yicai Knows", and the analysis of the previous market point interval and key focus sectors have been recorded as audio. For more financial knowledge, please click on the lower left corner to go to the "Yicai Knows" financial knowledge learning platform.
Author: Wang Hui
Editor: Li Ang
Producer: Wang Junji
Disclaimer: This article is the exclusive content of the WeChat public account of "CBN Broadcasting", please contact the background for authorization before reprinting. The individual stocks involved in this article are for reference only, and are not recommended for trading and are not responsible for personal income.