The A-share market has a four-day break for this year's Mid-Autumn Festival, and tomorrow is the last trading day before the holiday.

So far, there is no sign of a halt in the decline of the A-share market.

Looking at the market information, the Hainan Free Trade Zone, Internet Insurance, Huawei Euler, Huawei Ascend, Huawei Kunpeng, electronic ID cards, smart government affairs, data security, cloud office and other sectors are leading the gains.

Among them, the Hainan Free Trade Zone has surged by four points, leading the two markets, and most of the hot spots with gains exceeding two points are Huawei-related topics.

However, the battery, photovoltaic, and small metals that led the gains yesterday are all falling today, which clearly shows that the current A-share market is still weak, and the one-day hot topics are a good proof.

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Therefore, the Huawei-related topics that are leading gains today are not worth chasing, and they are likely to face a comprehensive decline tomorrow.

On Thursday, the heavyweight stocks did not continue to fall, and the four major banks, the three oil companies and other heavyweight stocks with a market value of more than one trillion also showed signs of turning red and rising.

Looking at the market information, today's heavyweight stocks with larger declines are mostly concentrated in the liquor and medical service sectors.

For example, Moutai fell by three points, and the declines of Wuliangye, Luzhou, Fenjiu and others are also more than two points; the leader of the ChiNext board, Mindray, fell by three points, and the leader of the STAR board, BeiGene, fell by ten points.

I personally think that medicine and liquor are already oversold sectors, and their oversold nature gives them the momentum to rebound and rise.

The short-term decline will increase their future rebound and rise space.

Today, the A-share market continues to decline and adjust, but the difference is that the Shanghai Composite Index turned red and rose while the other three major stock indices all closed green.

The weak market is like a seesaw, when the Shanghai Composite Index turns red and rises, the other three major stock indices will close green and fall, and when the Shanghai Composite Index falls and adjusts, the other three major stock indices with more thematic stocks will rise.

Looking at the minute chart, today's Shanghai Composite Index showed a trend of rising and falling, and at one point during the trading time, the Shanghai Composite Index rose by more than ten points.

However, it is a pity that the Shanghai Composite Index fell near the 5-day moving average, and the Shanghai Composite Index also failed to stand on the five-day moving average.

Today's transaction volume in Shanghai is only about 220 billion, this transaction volume can help the Shanghai Composite Index stop falling, but it is far from enough to drive the Shanghai Composite Index to rebound and rise.

I personally think that the transaction volume of about 230 billion yuan per day for a month is the transaction volume of the Shanghai Composite Index to stop falling.

The reason why the Shanghai Composite Index has not been able to stop falling is that the new direction of the rise has not been determined.

At this time, the differentiation of the A-share market is to determine the new direction of the rise, and the new direction of the rise will be determined after the festival, and the Shanghai Composite Index is likely to stop falling and rebound after the festival.

1.

The future direction of the rise of the A-share market will still be high dividend blue chips.

In the past three years, the main direction of the rise of the A-share market has been high dividend blue chips, and the larger the market value of the blue chips, the better the performance.

For example, the three oil companies, the four major banks, Changdian, Shenhua and others, they not only crossed the bear market of the A-share market, but some stocks have also doubled in the bear market.

Looking at the history of the A-share market for more than 30 years, it is not difficult to find that high-profit, high-dividend quality companies have always been the core assets of the A-share market, no matter how the market changes, they are the main direction of the rise.

Recently, high dividend blue chips have fallen by a large margin, but in the long run, their valuation is not high, and the decline in stock prices will continue to increase their dividend rate.

When the dividend rate reaches a certain height, their investment value will be revealed again.

For example, the financial sector with a dividend rate of more than 6%, the concept of China Special Valuation with a dividend rate greater than 5%, and the blue chips with a dividend rate greater than 4% are all investment targets that we need to pay attention to in the long term.

2.

The rebound and rise of the oversold sector will still be the main direction of the rise of the current A-share market.

Looking at the current trend, it is difficult for the short-term A-share market to get out of the weak range, and the continuous decline will continue until the end of this week, and even spread to the end of this month.

The long-term decline tells us that there will be no sustained hot spots in the current A-share market, but the oversold sector will have the expectation of taking turns to rise, and the larger the decline, the stronger the short-term rebound and rise momentum.

I personally prefer the oversold two innovation sectors, and the hot topics of the two innovation directions are mainly concentrated in semiconductors, consumer electronics, batteries, medical services, photovoltaics and so on.

The two innovation indices that have been halved have the expectation of rebounding and rising, and the oversold topics in the two innovation sectors also have the momentum of strong rebound.