双融日报：鑫融讯-20260302

• The report introduces the Huaxin Market Sentiment Temperature Indicator, which is constructed based on six dimensions: index price changes, trading volume, number of rising and falling stocks, KDJ indicator, northbound capital flows, and margin trading data. This indicator is classified as an oscillating indicator, similar to the RSI indicator, and is more effective in range-bound markets rather than trending markets. It provides guidance for high-selling and low-buying strategies during market oscillations. However, it may become less effective (lagging) during strong market trends, which could indicate the emergence of a trend. The indicator's prolonged presence near 80 or above, or 20 or below, requires reassessment of its applicability[5][21] - The Huaxin Market Sentiment Temperature Indicator is calculated using historical data from the past five years. It assigns a composite score to market sentiment, ranging from 0 to 100, with specific thresholds: "overcool" (0-19), "cool" (20-39), "neutral" (40-59), "warm" (60-79), and "overheat" (80-100). The indicator suggests that when the sentiment score is below or near 50, the market tends to find support, while scores above 80 indicate potential resistance[8][21] - The current sentiment score is 78, indicating a "warm" market sentiment. This suggests that the market is active, and investor confidence is strong. However, caution is advised to avoid risks associated with potential overheating[2][8] - The indicator's evaluation highlights its utility in oscillating markets for identifying high-selling and low-buying opportunities. However, it lacks predictive power in trending markets and may require adjustments when prolonged extreme values are observed[21] - The backtesting results of the indicator are not explicitly provided in the report, but its historical application is referenced to validate its effectiveness in identifying market support and resistance levels[8][21]