U.S bull market can't stop. HK, China bear market can't stop. SG broad market weakening but index remains strong. Weekly observation 5Nov2021

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

S&P500 rises 2% this week. This is its 5th consecutive weekly rise. Based on S&P500's reaction to reduce its monthly asset purchase, there is no need to worry about a taper tantrum at this point. The U.S bull market can't seem to stop.

Meanwhile, over in Asia, the opposite is happening. Hang Seng Index dropped 2% this week, following last week's drop of 2.87%. China's CSI300 dropped 1.35% this week, following last week's drop of 1.03%. For traders, this is not an environment to buy stocks in HK and China.

Straits Times Index rose 1.38% this week. But the message is different when one takes a deeper look at at the broad market. The advance/decline line (number of advancing stocks versus number of declining stocks) was negative for all 5 days of the week. I will be careful of adding more stocks to my Singapore stock portfolio at this stage.

Broad market statistics for Hong Kong stock market suffered a sharp decline this week. Interestingly, it showed an improvement for China's.

Purchases

Outside of the stock market, I made a few purchases in the crypto market. I bought Ethereum and Solana on the strength of a breakout to a new high in the early part of the week.

I put my idle money with moomoo Cash Plus while waiting for investment opportunities because it offers above-average yield and can be withdrawn within days. If you are keen, please read my review and sign up if you like it.

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U.S bull market can't stop. HK, China bear market can't stop. SG broad market weakening but index remains strong. Weekly observation 5Nov2021

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