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%|
|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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