Moreover, last week, the stock market basically maintained the trend of slow rise, and the overall rebound was limited, which seemed to be the end of the strong bow. On Monday, the stock market once again staged a routine of high opening and low walking. Before noon on Tuesday, the two markets both fell, with Shanghai down 58.42 points and Shenzhen down 255.00 points. Among them, the Shanghai stock market has been running below 2000 points for two days, and today it broke through the 30-day moving average, and all the moving averages are above the stock index. With the continuation of the trading day, this pattern of bottom deviation will intensify.
At the end of the year, heavy funds are unwilling to fight, which is also a major reason for the weakening of the market. Even the news that the central bank cut interest rates yesterday was ignored by the market. Heavyweights such as petrochemicals performed poorly and became a drag on the stock index. The market has collapsed. Attention should be paid to prevention in the short term. First, from the morphological point of view, although the Shanghai Composite Index has rebounded recently, the rising slope has obviously slowed down, and the trading volume has not been released during this period. It is a typical weak upward trend, which is prone to a sharp downward trend. Second, today, the index stocks led by Sinopec led the decline. Observing the K-line combination of Sinopec and Petroleum is a relatively standard "sliding shoulder" pattern. Its reliability is extremely high and its lethality is huge. As long as Sinopec and other stocks are in place, other stocks will certainly be difficult to perform. Third. Today, when the market is falling, there are still many stocks rising wildly, especially small and medium-sized stocks, which have played a certain role in stabilizing market sentiment. However, these stocks have increased a lot recently, and it is unlikely that the varieties that can continue to limit in the next few days will continue. Once the strong stocks ebb, the market sentiment will be dispersed. Fourth, from the 30-minute K-line, the Shanghai Composite Index has fallen below 1980 in one breath since 2040. Due to the long interval, it is more likely that the three waves will become C waves after the rise, and the later decline indicates that the market outlook may enter a sharp level. Although it is not ruled out that there will be a callback this afternoon, the short-term technical pattern of the market has gone bad, and the confidence in stock market trading has slackened, and the Shanghai and Shenzhen stock markets are likely to break down. In operation, we should actively control positions and guard against the trend risk under market shocks!
At present, the market is extremely unstable and there is almost no buying signal. It is extremely difficult for ordinary investors to select stocks with rising potential in the market outlook, so it is better to leave the market and wait and see, and watch more and move less.
Therefore, investors cannot be advised to enter the market at this time. Should we enter the market or wait until there are further clear signs in the stock market?