Hang Seng Index(HSI) declines 0.84% today on slightly lower volume compared to yesterday. During this week, there were a few days(Mon and Wed) when the market action was positive. Unfortunately, the volume on these good days was below average (50-day moving average) and lower than the day before.
HSI is trading below 21-day, 50-day, 200-day moving average today.
HSI is plainly in bearish territory.
Action for HK market:
- Stay out.
- Get ready to sell stocks on signs of weakness
- Be extra careful if you see an attractive opportunity and want to buy. Demand higher quality.
Straits Times index(STI) declines 0.25% today.
STI is trading above 21-day, 50-day, 200-day moving average today.
STI remains in bullish territory
Action for Singapore market
- Stay in the market
- Look out for opportunities to buy
- Don't be too quick to sell stocks
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