136股连获融资净买，得看机构参与度

Core Viewpoint - The article emphasizes the importance of understanding institutional investor behavior in the stock market, particularly during periods of volatility in a bull market, to make informed investment decisions. Group 1: Market Conditions - The current bull market has experienced significant volatility, with a 35-day consolidation period from August 25 to October 17, which is longer than any previous bull market [3]. - Since the market rally began in April, only about 2,500 stocks have outperformed the index, indicating that many stocks are lagging behind [3]. Group 2: Institutional Investor Behavior - The article highlights the importance of monitoring institutional investor actions, as many retail investors struggle with decision-making during market fluctuations [4][9]. - A case study illustrates that stocks can experience multiple peaks and corrections, and the behavior of institutional investors can significantly influence whether a stock rebounds or declines after a peak [5][9]. - The "institutional inventory" data, which reflects the active participation of institutional investors, is crucial for understanding market dynamics. Active participation correlates with stock price recovery, while a lack of participation can lead to declines [7][10]. Group 3: Financing and Stock Selection - As of December 24, there are 136 stocks that have seen net financing inflows for five consecutive days or more, including notable companies like Innotec and China Mobile [1][10]. - It is essential to determine whether institutional investors are actively participating in these stocks, as mere financing inflows do not guarantee price stability or growth [10][12].