Today, the market opened high and then pulled back, showing a V-shaped reversal. Near the close, the tourism sector surged, gradually repairing its valuation trend. The tourism sector's stocks that hit the limit up include Lijiang Tourism (002033.XSHE), Xi'an Catering (000721.XSHE), Xi'an Tourism (000610.XSHE), and Yunnan Tourism (002059.XSHE).
On the 1st and 2nd simulated trading days, I bought Shenzhen Real Estate A (000011.XSHE). According to the report from East Money, Shenzhen Real Estate A disclosed its annual report on the evening of March 17th. The company achieved operating income of 3.962 billion yuan in 2019, a year-on-year increase of 17.32%; net profit of 818 million yuan, a year-on-year increase of 17.16%, and basic earnings per share of 1.37 yuan. The company plans to distribute a cash dividend of 3.6 yuan (tax included) per 10 shares to all shareholders. Currently, Shenzhen Real Estate A is trading near its historical bottom price.
On the 3rd simulated trading day, I sold some shares of Hecun Corporation. Hecun Corporation has shown a trend of stabilization recently, but the strategy was fooled by the candlestick chart in the morning, so I sold a portion of it.
Or maybe there are still flaws in the program... I need to spend some time looking at it again.
(Image source: East Money)
We will eagerly await the performance of the US stock market tonight. I don't know if you have noticed, but the first "Quadruple Witching Day" of 2020 is coming soon. It seems that major market volatility is inevitable.
What is "Quadruple Witching Day"? "Quadruple Witching Day" is the quarterly financial derivatives expiration day in the US stock market, occurring on the third Friday of March, June, September, and December each year. On that day, stock index futures, stock index options, individual stock futures, and individual stock options all expire. The last trading hour of that day is the Quadruple Witching Hour, from three to four o'clock in the afternoon New York time.
(Image source: Jins data and East Money)
During the final trading period of "Quadruple Witching Day," investors are eager to close their positions, resulting in a significant increase in trading volume. Therefore, "Quadruple Witching Day" is usually accompanied by large fluctuations in stock and derivative prices. Tonight, there will be over $1.5 trillion worth of S&P 500-related options expiring, the largest scale in history, of which about one-third remain outstanding. However, according to Charlie McElligott, an analyst at Nomura Securities, given the current high stock market volatility and the historically high VIX panic index, there is not much room for volatility to surge again. We can only wait and see.