Market action 27Aug2021 (Fri)
SG -> risk-off. HK -> risk-off. CN -> risk-on
| Stock index | Daily change | 21EMA* | 50EMA* | 200EMA* |
|---|---|---|---|---|
| HongKong Hang Seng Index | -0.03% | -2.08% | -4.97% | -7.31% |
| Singapore Straits Times Index | -0.92% | -1.49% | -1.80% | 1.30% |
| China CSI 300 Index | 0.53% | -1.56% | -3.15% | -3.15% |
| Australia ASX200 | -0.04% | -0.03% | 1.07% | 6.85% |
| Japan Nikkei 225 | -0.36% | -0.21% | -1.31% | 0.39% |
Singapore market slipped into risk-off mode. Action of STI is bearish this week.
Action for Singapore market (risk-off)
- Get the stops ready and sell remaining stocks in portfolio on weakness.
No change in risk-off status in HK market.
Action for HK market (risk-off):
- Stop looking actively for buying opportunites.
No change in risk-on status in China market.
Action for China market (risk-on):
- Start looking actively for buying opportunites. Buy when price target reached.
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