Category: Money tips Release Date: 2006-03-13
Source: Liaoning Securities
This week, the market can be described as bittersweet, Mon panic sell into a comprehensive continuous plummeting of stocks after the market began a strong rally Tuesday. Especially in the management of the frequency blowing warm air to speed up approval of the fund into the market, to clarify the case of capital gains tax, market confidence has been restored recently. However, from technological point of view, 20-day averages, 4000 points, an integer mark has become a significant pressure area, afternoon broader market can continue to steadily rise, should take what kind of investment strategy, which we should be further discussion.
First, the rally near the end, shocks increase the probability of
From a market analysis of the macroeconomic situation faced by, as food prices rise, and May CPI on the probability of very high, generally estimated at between 3.5% -4%. This weekend, the relevant macroeconomic data will be introduced, if the CPI increase is very high, six mid-to late would be a sensitive period of rate hikes, which will add to the market interest rate expectations, those expectations will undoubtedly be on the market adversely affected.
From the technical level analysis, starting from Tuesday's rebound in the temporary shall be defined as a technical rebound in B-waves, if not effectively break 4000-point mark an integer and 20-day moving average of the pressure, the market will adjust the slip road to reintegration, although the pre-adjustment has been achieved the medium-term adjustment of the standard (20%), but the probability of shock box is still great.
Second, select victimizes blue-chip is the best choice to avoid systemic risk
Revision of stamp duty from the point of view, is clearly aimed at ever-increasing market trading activity as a policy measure, the purpose of trading too frequently of course, is to control the speculation, while the deeper implication is not directly impede the market's rise in structural foam is extruded, so that the market's investment philosophy back to the search for the value of the growth of enterprises. From the recent market performance is concerned, the sub-market adjustment process, the subject matter shares the biggest adjustment. Also because part of the subject shares lead sell into calamity to the part of the merit, or that, and not in the absolute high price-earnings ratio of listed companies stock. The current situation, to adjust the stamp duty clearly from the cap, lower after-market hot spots, garbage stocks, moved to a performance of supported blue-chip variety. Therefore, the recent selection of stock oversold, while the fundamentals are good victimizes species, is to avoid the risk of future market volatility the best choice.
