共54只个股出现了机构的身影。 盘后数据显示，1月6日龙虎榜中，共54只个股出现了机构的身影，有30只股票呈现机构净买入，24只股 票呈现机构净卖出。 | 北斗星通 | 10.01% | -3674.81 | | --- | --- | --- | | 冰轮环境 | -9.12% | -4015.66 | | 狄耐克 | 0.11% | -4277.96 | | 喜简门 | -5.96% | -4366.03 | | 岩山科技 | 10.00% | -5505.88 | | 新坐标 | -5.97% | -8839.23 | | 城建发展 | 10.04% | -10890.12 | | 海科新源 | -3.77% | -14039.49 | | 应流股份 | -5.55% | -17518.73 | | 通宇通讯 | 3.38% | -23530.82 | 器门财经 | 当天机构净卖出前三的股票分别是通宇通讯、应流股份、海科新源，净流出金额分别是2.35亿元、1.75 亿元、1.4亿元。 | 17 Fri 1.06 | 机构资金参与个股- | | | --- | --- | --- | | 证券简称 | | ...

| *ST高斯 | 5.01% | 317.15 | | --- | --- | --- | | 东港股份 | -9.99% | 266.47 | | 山东章鼓 | -10.01% | 37.23 | | 恒大高新 | -9.98% | -251.61 | | 科力股份 | 5.99% | -278.60 | | 大鹏工业 | -3.44% | -530.20 | | 太力科技 | 3.57% | -680.80 | | *ST宇顺 | -4.97% | -771.67 | | 乐普医疗 | 19.99% | -902.40 | | 立方控股 | -8.46% | -997.87 | | 泰尔股份 | 6.14% | -1560.55 | | 启迪设计 | -15.74% | -1658.62 | | 塞诺医疗 | 20.01% | -1980.61 | | 中天火箭 | 8.00% | -2659.44 | | 顺灏股份 | -3.38% | -3214.02 | | 海南发展 | -9.98% | -3215.71 | | 西测测试 | 20.00% | -3462.08 | | 合肥城建 | 4.36% ...

一、利好不涨、利空不跌？问题出在"机构的小动作" 之前朋友踩过个大雷：某板块出了政策利好，他冲进去当天就赚了2个点，结果第二天直接跌停。后来我用大数据工具看交易行为才明白——利好出来时， 机构早已经"吃饱"，正好借利好把筹码甩给散户。 其实市场里的交易行为远不止"买"和"卖"两种，我常用的大数据工具把它分成四类： 比如图2里的股票，看着股价还在连涨，但连续4天都是黄柱的"获利回吐"——说明机构表面在拉股价，实际在偷偷卖。结果没几天，股价就从15块跌到了12 块，朋友刚好接了最后一棒。 12月29日刷到条新闻，说商业航天板块又被主力资金盯上了——原因挺实在的：上交所给商业火箭企业开了科创板的"绿色通道"，明确了上市标准；还有可 回收火箭技术要突破，以后发射成本能降60%，卫星组网的效率也会提高。我第一反应是：这利好会不会让股价涨？但想起之前朋友踩的坑，赶紧提醒自 己：别光看消息，得看机构资金到底在干啥。 红柱：机构在积极参与交易（做多主导），多数时候股价会涨； 黄柱：机构在悄悄兑现利润（获利回吐），上涨势头会放缓； 绿柱：机构在主动撤退（做空主导），多数时候股价会跌； 蓝柱：机构在试探着捡筹（空头回补），下跌势 ...

共43只个股出现了机构的身影。 | *SI天龙 | -19.96% | 140.24 | | --- | --- | --- | | 天溯计量 | -16.80% | 45.66 | | 北矿检测 | -6.71% | 28.45 | | 大鹏丁√ | 3.27% | -128.72 | | 同星科技 | 10.34% | -156.58 | | 锋龙股份 | 10.00% | -373.48 | | 江天科技 | -3.57% | -394.11 | | 誉帆科技 | 124.36% | -515.67 | | 宏英智能 | 9.99% | -635.62 | | 海欣食品 | -5.26% | -730.77 | | 童凯股份 | 2.03% | -770.03 | | 嘉美包装 | 10.03% | -794.29 | | 海昌新材 | 19.98% | -857.42 | | 海科新源 | 1.71% | -863.83 | | 双欣环保 | 187.30% | -1189.49 | | 汇洁股份 | -9.94% | -1236.92 | | 步科股份 | 20.00% | -1334.78 | | ...

引子 最近一则消息在金融圈炸开了锅：特朗普要换美联储主席了。作为一个浸-市场多年的量化投资者，我第一反应不是去猜测新主席人选，而是立即调出了近 期的机构资金流向数据。果然，一些有趣的蛛丝马迹已经浮现… 一、政治博弈下的利率迷局 特朗普在讲话中透露将任命一位支持大幅降息的新美联储主席，这让我想起了十年前刚接触量化投资时的一个深刻体会：政策风向的变化往往最先反映在 机构资金的交易行为上。 现任美联储主席鲍威尔的任期即将结束，而特朗普心仪的1%以下利率水平与当前3.5%-3.75%的利率存在巨大差距。这种政策预期差正是量化投资者最需要 关注的信号。记得2015年美联储加息周期启动前，我的系统就捕捉到了机构资金异常的回补行为。 二、房贷利率背后的市场真相 自9月以来，美国房贷利率稳定在6.3%-6.4%，表面看似乎纹丝不动。但通过量化系统观察到的机构资金流向却显示：部分房地产相关ETF已经连续三周出 现"震仓洗盘"的特征。 这让我想起去年研究过的一个典型案例： 左侧股票呈现典型的"机构震仓"特征 - 先是三连板快速拉升，然后剧烈震荡。而右侧股票则是散户主导的"抢反弹"行情。当时很多人被表面的涨跌迷惑，但 量化数据清晰 ...

| 咳膚管 | 12.16 机构资金参与个股- | | | --- | --- | --- | | 证券商称 | ■涨跌幅 | 机构净买入(万元) | | 中超控股 | 5.65% | 12360.73 | | 航天科技 | 5.07% | 11844.64 | | 雪人集团 | -4.40% | 9501.85 | | 跃岭股份 | -5.77% | 5685.04 | | === | 10.01% | 4685.61 | | 创识科技 | 14.20% | 4655.18 | | 波长光电 | 7.50% | 4082.41 | | 航天工程 | 0.69% | 3770.08 | | 智菜科技 | 15.71% | 2333.48 | | 恒宝股份 | 9.98% | 1748.30 | | 红旗连锁 | 9.95% | 1607.17 | | 天箭科技 | 1.30% | 1531.10 | | 大鹏工业 | 25.83% | 1310.81 | | 通宇通讯 | 10.00% | 1200.10 | | 美高 | 29.97% | 1167.96 | | 新宏泽 | 2.50% | 940.85 | ...

Group 1 - On December 15, a total of 47 stocks were involved with institutional investors, with 25 showing net buying and 22 showing net selling [1] - The top three stocks with the highest net buying by institutions were Zhengbang Technology (9.04 billion), Leike Defense (1.51 billion), and Zhenlei Technology (1.47 billion) [1] - The top three stocks with the highest net selling by institutions were China Uranium Industry (1.15 billion), Boying Special Welding (798.2 million), and Anfu Technology (764.9 million) [1] Group 2 - Zhengbang Technology had a price increase of 4.48% with a net buying amount of 903.68 million [2] - Leike Defense saw a price increase of 10.03% with a net buying amount of 151.49 million [2] - Zhenlei Technology experienced a price increase of 12.07% with a net buying amount of 146.69 million [2] Group 3 - China Uranium Industry had a price increase of 8.20% with a net selling amount of 1.15 billion [4] - Boying Special Welding had a price decrease of 4.92% with a net selling amount of 798.2 million [4] - Anfu Technology had a price decrease of 3.15% with a net selling amount of 764.9 million [4]

当天机构净卖出前三的股票分别是永辉超市、德艺文创、榕基软件，净流出金额分别是4.57亿元、1.01 亿元、9880万元。 | 17 序元 | F 12410 | | | --- | --- | --- | | | 机构资金参与个股- | | | 证券简称 | ■涨跌幅 | 机构净买入(万元) | | 神农种业 | 20.07% | 26537.01 | | 中符电子 | 10.00% | 15655.78 | | 龙洲股份 | 9.96% | 11218.90 | | 中秋曙米 | -10.00% | 11003.85 | | 康芝药业 | 15.46% | 6343.22 | | *ST城昌 | 4.99% | 5913.28 | | 太阳电缆 | 4.14% | 5615.81 | | 跃岭股份 | 9.99% | 3318.81 | | 江龙船艇 | 1.59% | 2072.52 | | 中创环保 | 7.67% | 1135.80 | | 名雕股份 | -6.56% | 701.23 | | 信隆健康 | 9.99% | 183.55 | | 海南发展 | 10.00% | 45.14 | | 精创 ...

但作为一个用量化系统做了十几年交易的老鸟，我太清楚这些政策利好背后藏着什么猫腻。记得2019年券商板块集体涨停那次吗？当时多少人喊着"史诗级 行情"，结果三个月后追高的人全被套在山顶。现在这场景，活脱脱就是历史重演。 二、牛股背后的肮脏小秘密 一、政策暖风下的冰火两重天 最近金融圈炸开了锅。证监会给优质券商"松绑"的风声刚出，金融监管总局就跟着下调了险资持仓风险因子。看着新闻里"764亿增量资金"、"杠杆率提升至 6倍"这些字眼，我那个炒股二十年的老舅激动得连夜给我打电话："这次真的要牛市了！" 我用量化系统做过一个残酷的实验：把过去五年所有突破前高的股票分成两组。A组是突破时伴有机构资金显著流入的，B组是单纯技术面突破的。结果A 组后续三个月平均涨幅27%，B组反而下跌3%。 任何股票想要走牛，都得解决两个恶心的问题：跟风盘和获利盘。这就像开自助餐厅，第一批客人把龙虾抢光后，后面的人就只能吃剩菜。主力机构可比餐 厅老板精明多了，他们发明了个叫"洗盘"的损招。 所谓洗盘，就是大资金故意把股价往下砸，制造出要崩盘的假象。等散户吓得割肉逃跑，他们再偷偷把筹码捡回来。我用量化系统追踪过3000多次洗盘案 例，发现最 ...

Core Insights - On November 28, a total of 25 stocks were involved with institutional investors, with 16 showing net buying and 9 showing net selling [1] - The top three stocks with net buying by institutions were Xinjinlu, Nanguang Digital, and Wantong Development, with net buying amounts of 120.38 million, 102.66 million, and 98.32 million respectively [1][2] - The top three stocks with net selling by institutions were Rongji Software, Jiayuan Technology, and Annie Shares, with net selling amounts of 102.63 million, 78.76 million, and 33.53 million respectively [1][3] Institutional Buying Summary - Xinjinlu had a price increase of 5.65% with a net buying of 120.38 million [2] - Nanguang Digital experienced a price decrease of 4.00% with a net buying of 102.66 million [2] - Wantong Development saw a price drop of 7.38% with a net buying of 98.32 million [2] - Other notable stocks with institutional buying included Dongtian Micro (20.00% increase, 62.84 million net buying) and Aerospace Power (6.49% increase, 53.29 million net buying) [2] Institutional Selling Summary - Rongji Software had a price decrease of 0.99% with a net selling of 102.63 million [3] - Jiayuan Technology saw a price increase of 5.39% with a net selling of 78.76 million [3] - Annie Shares experienced a price drop of 1.38% with a net selling of 33.53 million [3] - Other stocks with significant institutional selling included Haixin Food (10.03% increase, 0.77 million net selling) and Zhongsheng Pharmaceutical (10.00% decrease, 15.58 million net selling) [3]