The city fell; the bear market was brutal—blood and violence rained across the entire city. The harder you work, the more you lose—7/13 recap

Today, all three major market indexes fell across the board. The decline in the broad market index is significant, but today’s index drop isn’t the largest of the year. Still, the overall market’s “losing money” effect this year is the most intense. The whole market is no different from the scenario of “a thousand stocks hitting the daily limit down,” because there were 864 stocks with a decline of more than 8%, and 2,246 stocks with a decline of 8% or more—so simply looking at how many stocks fell isn’t enough to show just how vicious the sell-off and loss-churn were today. Traders are basically bleeding today.

Actually, there’s nothing much to think about now—the broad market is gapping down and smashing; the yearly line has no help and was broken straight away. Technically, we’ve already entered a bear market cycle. For the short term, good opportunities may appear. Hengshang Energy-Saving and something-to-do with energy today hit limit up 9 times out of 10. But the short-term market hasn’t shown any signs of improvement. Don’t even talk about the broad market effect—just this morning, in less than half an hour, more than ten stocks that were limit-up last Friday got slammed to the floor of the daily limit down, and the ones that were down big made up half. It’s a bloody scene. So the short-term market still hasn’t turned better. After reviewing the market changes these few days, I feel it’s been like this: the market goes up sharply today and buries people tomorrow. This foul-smelling environment isn’t something that started today. In an environment like this, the more you try, the more you lose. [Taoqibaa]

Today’s market snapshot:
All three major indexes opened lower, then churned and trended down throughout the day. The Shanghai Composite fell 2.06% to 3,913.79. The Shenzhen Component fell 3.40% to 14,522.85 points. The ChiNext Index fell 3.10% to 3,723.52 points. Total turnover on both exchanges was 2.82T, down by 570.7B from the prior trading day. In terms of themes today, relatively more active sectors included healthcare and pharmaceuticals, etc.

1. Actual number of stocks hitting the limit up: 34. Actual number of stocks hitting the limit down: 189. Board-closure rate: 68%.
2. Number of stocks up: 797. Number of stocks down: 4,683.

Market summary: The whole market saw broad declines across stocks, and the loss effect was extremely intense. Brothers, I’m sorry—last Wednesday I suddenly had something to handle, so I stopped posting abruptly. I cleared both my short-term account and trend account on last Wednesday already, and I’m still in cash for now. I don’t plan to put positions back on so quickly because I missed three days of watching the market. To restore, I need to watch the market again for a couple of days first before considering it. Also, the current market isn’t suitable for opening trades, so this will further delay the time I remain in cash.

My thinking and plan will be posted in the comment section tomorrow morning.

High-emotion leading stocks area (4)

Hengshang Energy-Saving and something-to-do with energy - plans to acquire a storage company, 10 days 9 boards,

Guixian Shares - commercial aerospace, 3-day consecutive limit boards,

Lifang Pharmaceutical - pharmaceuticals, 3-day consecutive limit boards,

Yalian Machinery - growth for interim report, 3-day consecutive limit boards,

Stocks that advanced to the second board area (7):
(1) JiuFeng Energy - commercial aerospace + helium gas, 2-day consecutive limit boards,
(2) CITIC Heavy Industries - commercial aerospace, 2-day consecutive limit boards,
(3) Haya Pharmaceutical - pharmaceuticals, 2-day consecutive limit boards,
(4) Lianhuan Pharmaceutical - pharmaceuticals, 2-day consecutive limit boards,
(5) RuiNeng Technology - storage chips, 3 days 2 boards,
(6) Walton Technology - chips, 2-day consecutive limit boards,
(7) Huajian Group - subsidiary restructuring approved, 2-day consecutive limit boards,

· Thanks to @梦想一定要@流浪的海胆 @蕉叶打赏支持

Thanks to everyone for liking and commenting for support. Thank you for supporting me all the way.

Disclaimer: My views are only my personal thoughts and records and do not constitute any investment advice. Keep a good mindset—may the stock market bring you long-lasting success.