Market action 19Aug2021 (Thur)
HK -> risk-off. SG -> risk-off. CN -> risk-off
| Stock index | Percent change | 21EMA* | 50EMA* | 200EMA* |
|---|---|---|---|---|
| HongKong Hang Seng Index | -2.13% | -4.41% | -6.84% | -8.14% |
| Singapore Straits Times Index | -1.42% | -2.18% | -2.00% | 1.65% |
| China CSI 300 Index | -0.66% | -2.03% | -3.35% | -2.65% |
| Australia ASX200 | -0.50% | -0.30% | 1.18% | 7.13% |
| Japan Nikkei 225 | -1.10% | -2.09% | -3.20% | -0.92% |
* Percentage from exponential moving average
Another bad day for STI and my portfolio. The fall today negated yesterday's rebound and more. The 1.42% fall in STI was in above-average volume and was higher than yesterday's. Bad sign.
Action for Singapore market (risk-off)
- Get the stops ready and sell remaining stocks in portfolio on weakness.
- Stop looking actively for buying opportunites
Terrible day for the Hong Kong stock indices. All 3 major indices Hang Seng Index(HSI), Hang Seng China Enterprise index(HSCE), Hang Seng Tech Index(HSTech) fell more than 2%.
HK portfolio was muted in comparison because there are few HK stocks left. Most have already been sold by end of July 2021 due to the stock rout triggered by China regulatory crackdown on tech and private education companies.
Action for HK market (risk-off):
- Stop looking actively for buying opportunites.
- Get ready to sell remaining stocks if further weakness persists
Not a good day for China stock market but not as terrible as HK. China portfolio was muted in comparison because there are not many stocks in the portfolio in the first place. The Chinese stock market reversed soon after I started to feel bullish last week. I didn't have much opportunites to buy.
Action for China market (risk-off):
- Stop looking actively for buying opportunites.
- Get ready to sell remaining stocks if further weakness persists
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