Market action 17Aug2021 (Tue)
HK -> risk-off. SG -> risk-off. CN -> risk-off
| Stock index | Percent change | 21EMA* | 50EMA* | 200EMA* |
|---|---|---|---|---|
| HongKong Hang Seng Index | -1.66% | -3.46% | -5.82% | -6.75% |
| Singapore Straits Times Index | -0.86% | -1.44% | -1.08% | 2.78% |
| China CSI 300 Index | -2.10% | -3.01% | -4.18% | -3.20% |
| Australia ASX200 | -0.94% | 0.48% | 2.00% | 7.98% |
| Japan Nikkei 225 | -0.36% | -1.87% | -2.89% | -0.41% |
* Percentage from exponential moving average
Singapore portfolio continues to bleed today. More stocks were sold to reduce risk exposure. Nanofilm (MZH.SI) crashed another 10.12% today after the 28.81% the day before.
Action for Singapore market (risk-off)
- Look out for signs of weakness and get ready to sell. Get the stop losses ready
- Stop buying for the time being. Keep buying opportunities in the watchlist.
Although the small HK portfolio performed reasonably well in the past few days despite weakness in the indices and broad market, the portfolio finally buckled today. Recent market action indicates that this is not a good market to hold for large gains.
Action for HK market (risk-off):
- Stop looking actively for buying opportunites
- Get ready to sell stocks if further weakness persists
China indices and broad market crashed alongside Hong Kong stock market. Portfolio didn't do well too.
Action for China market (risk-off)
- Stop looking actively for buying opportunites
- Get ready to sell stocks if further weakness persists
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