Mood for Singapore market getting darker. Market action (8 Sep 2021, Wed)

SG(risk-off) HK(risk-on) CN(risk-on)

Stock index Daily change
HongKong Hang Seng Index -0.12%
Singapore Straits Times Index -1.27%
China CSI 300 Index -0.41%
Australia ASX200 -0.24%
Japan Nikkei 225 0.89%

If you invest in Singapore stock market and you tell me your portfolio did well today, I give you the thumbs up.

Today is a bad day for my Singapore portfolio. Mood has gone darker. Yesterday, STI closed up and touched the 21-day moving average resistance. Today, it reversed down 1.27% and closed near the low.

As mentioned last Friday, watch how STI behaves near the support around 3055 to get a sense of whether the mood is going to get darker further.

I am not going to buy any more Singapore stocks when Mr. Singapore Market is not in a good mood. Anyway, there is nothing much to buy when I run my price screening algorithm today.

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

China stock indices retreated today but this is expected after the strong rally during the past few days. My China portfolio even made money today. This is a good sign.

Action for China market (risk-on):
- Look actively for buying opportunities.
- Buy when good stocks appear on watchlist and price is within buy range.

HSI is flat today but more on the negative side.

Action for HK market (risk-on):
- Look actively for buying opportunities.
- Buy when good stocks appear on watchlist and price is within buy range.


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.