Market action 23Aug2021 (Mon)

SG -> risk-off. HK -> risk-off. CN -> risk-off

Stock index Daily change 21EMA* 50EMA* 200EMA*
HongKong Hang Seng Index 1.05% -4.30% -7.05% -8.73%
Singapore Straits Times Index -0.49% -1.84% -1.85% 1.63%
China CSI 300 Index 1.40% -2.05% -3.55% -3.10%
Australia ASX200 0.39% 0.08% 1.37% 7.26%
Japan Nikkei 225 1.78% -0.81% -2.09% -0.12%

STI undercuts the low made the day before which was the first rally after an intermediate low was made. This is bearish action.

Action for Singapore market (risk-off)
- Get the stops ready and sell remaining stocks in portfolio on weakness.
- Stop looking actively for buying opportunites

HSI started off bullish but closed near the low. Nevertheless, it rose +1.05% today. Today is the first attempted rally.

Action for HK market (risk-off):
- Stop looking actively for buying opportunites.

China is beginning to look interesting. Broad market has resumed strength. Stock indices are strong too but still early to judge as we need to see follow-through strengths of the indices to be surer.

Action for China market (risk-off):
- Start looking actively for buying opportunites but don't buy yet.

I have been earning 12% annual interest rate on my USD equivalent deposit with Hodlnaut. If you are interested in how I did it, please read my review about Hodlnaut and sign up if you like Hodlnaut.

FTX is the crypto exchange that I use the most. This referral code (not mine) offers 10% discount when others are 5% only. If you are keen, please read my FTX review

I use Tiger Broker app regularly because of its user-friendliness. If you are keen to try out, please read my review about Tiger Brokers and sign up if you like Tiger.