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.


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