Thursday 23 Jul — all markets open and trading (no holidays, no weekend). Crypto Fear & Greed at 31/100 - Fear (up from 25 last week). STI hits a fresh all-time high at 5,595 (+0.51%), extending its month-to-date rally to +6.2%. S&P 500 flat at 7,499 (-0.14%). Shanghai Comp bounces +1.79% but CSI 300 slides -3.60% on elevated volume.
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|---|---|---|---|---|
| STI (SG) | 5,595.42 | +0.51% | 85.9 | +100.00% | Bullish |
| S&P 500 (US) | 7,498.96 | -0.14% | 51.5 | +91.30% | Neutral |
| HSI (HK) | 24,892.66 | -0.04% | 79.1 | +42.90% | Bullish |
| Shanghai Comp (CN) | 3,867.03 | +1.79% | 37.0 | +44.90% | Bearish |
| CSI 300 (CN) | 4,717.24 | -3.60% | 26.4 | +95.80% | Bearish |
SG leads, CN lags. The STI is the standout - at a record high with RSI 85.9 (overbought but trending higher). The S&P 500 is coiled near neutrality (RSI 51.5), suggesting indecision. Chinese mainland benchmarks are notably weak: CSI 300 RSI at 26.4 (deeply oversold) with a death cross in place, even as Shanghai Comp tries to bounce. HSI holds near 24,893 but remains below its 200-day MA, reflecting cautious sentiment despite strong month gains (+5.1%).
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| DBS | 73.66 | +2.31% | 88.1 | +1.31 | +6.39% | +12.33% | +25.82% | +100.00% |
| OCBC | 29.18 | +1.89% | 93.9 | +1.13 | +8.99% | +16.84% | +37.07% | +100.00% |
| UMS | 2.53 | -1.17% | 46.6 | +1.33 | -1.44% | -3.93% | +48.01% | +70.70% |
| Sheng Siong | 3.29 | -0.60% | 46.2 | +0.78 | +0.34% | +3.37% | +17.34% | +92.00% |
| HSTECH | 0.76 | +0.39% | 69.9 | +0.99 | +2.45% | -0.12% | -10.43% | +18.40% |
Banking bonanza, tech tepid. DBS (+2.31%, RSI 88.1) and OCBC (+1.89%, RSI 93.9) continue their relentless climb into deeply overbought territory, both at 52-week highs with golden crosses intact and above-average volume (1.3x and 1.1x respectively). UMS (-1.17%, RSI 46.6) pulls back on elevated volume (1.33x), signalling distribution - the death cross and sub-50 RSI suggest caution. Sheng Siong (-0.60%) drifts sideways near its 52W high at 92% but on below-average volume. HSTECH (+0.39%) holds near its 50-day MA but remains in a death cross setup with -10.4% below its 200-day - still in a structural downtrend.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| NVDA | $212.06 | +2.30% | 65.9 | +1.08 | +4.83% | +1.14% | +10.05% | +66.20% |
| AAPL | $325.89 | -0.56% | 68.8 | +0.74 | +5.10% | +6.89% | +18.38% | +93.20% |
| TSLA | $374.01 | -1.30% | 42.0 | +0.89 | -5.22% | -8.21% | -10.09% | +37.90% |
| MCHI | $53.57 | -0.80% | 66.9 | +0.31 | +2.18% | -1.25% | -9.37% | +21.10% |
NVDA leads, TSLA bleeds, Apple holds near highs. NVDA gains +2.30% with above-average volume (RSI 65.9, golden cross on daily) - still the AI bellwether driving sentiment. AAPL (-0.56%) pulls back slightly but sits at 93.2% of its 52W range, comfortably above all moving averages. TSLA (-1.30%) is the laggard: below its 20-day, 50-day, and 200-day MAs with RSI 42 - a bearish picture. MCHI (-0.80%) sees well-below-average volume at just 0.31x, suggesting low conviction. S&P 500 itself is weak - 0.62x volume and nearly flat on the day.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| BYD | HK$87.85 | -2.17% | 58.4 | +0.73 | +6.00% | +0.72% | -9.64% | +25.30% |
| Alibaba | HK$113.60 | -2.91% | 77.7 | +0.97 | +8.83% | -0.79% | -19.39% | +25.60% |
Hong Kong retreats from overbought levels. Both BYD (-2.17%) and Alibaba (-2.91%) pulled back after strong runs. Alibaba RSI at 77.7 signals overbought - a healthy shakeout from recent highs near 120 HKD. Both sit in death cross territory (MA20
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| BTC | $66,177.58 | -0.49% | 65.0 | +1.19 | +3.35% | +4.91% | -8.96% | +12.30% |
| ETH | $1,936.21 | +0.41% | 72.6 | +1.14 | +5.96% | +11.75% | -10.62% | +12.50% |
| DOGE | $0.07 | -0.34% | 50.9 | +1.14 | -1.18% | -7.09% | -25.71% | +1.40% |
Fear persists but momentum is building. Fear & Greed at 31/100 (Fear) - up from 25 last week, a marginal improvement. BTC (+3.22% above 20-day MA, RSI 64.4) shows a golden cross and the strongest setup of the three, though -9% below the 200-day MA and just 12.2% above its 52W low. ETH (RSI 72.5, nearing overbought) has rallied +20% this month but remains -10.7% below its 200-day. DOGE (RSI 50.6) is dead money - death cross, -25.8% below 200-day, barely 1.4% off its 52W low. Volume ratios all >1.1x indicate renewed interest. A capitulation bounce may be forming but structural resistance remains at the 200-day MAs.
SGD broadly stable. USD/SGD at 1.2909, virtually unchanged (+0.06%). The SGD remains firm against the USD, which is supportive for importers but means US stock returns translate slightly less favourably for SGD-based investors. CNY/SGD at 0.1902. For a Singapore-based investor: the steady SGD means your USD-denominated holdings (NVDA, AAPL, TSLA, MCHI, crypto) face a modest FX headwind on repatriation, but nothing dramatic at current levels.
What these signals mean together: The signal grid paints a picture of a bifurcated market. SG banks (DBS, OCBC) and the STI are in pure momentum territory - overbought RSI, at 52-week highs, golden crosses, elevated volume. This is either a breakout that keeps running or a topping process. Chinese mainland signals (CSI 300 RSI 26.4, Shanghai Comp RSI 37.0) are at the opposite extreme - deeply oversold with death crosses and massive volume spikes (5x normal) that suggest either panic selling or a capitulation bottom forming.
US signals are mixed: AAPL and NVDA have healthy setups above their MAs, while TSLA is technically weak across all timeframes. Crypto signals are cautiously constructive with BTC and ETH golden crosses but still far below 200-day MAs.
Actionable takeaway: SG bank holders should consider trailing stops (overbought RSI can snap). The CSI 300 oversold condition at RSI 26.4 is extreme - historically this has marked bottoms in Chinese equities, though the death cross suggests waiting for confirmation. TSLA remains the weakest link in the US portfolio - below all major MAs with a death cross and declining momentum.
Next watchlist earnings within 14 days: None confirmed. NVDA next earnings are confirmed for Aug 26, 2026 (Q2 FY2027) - that is 34 days out, outside the 14-day window. No other watchlist ticker (AAPL, TSLA, DBS, OCBC, UMS, Sheng Siong, HSTECH, BYD, Alibaba) has an earnings date within the next 14 days. The nearest major earnings on the broader radar is Microsoft (not on watchlist) expected ~Jul 29. This week is relatively quiet for watchlist names; the current lull in company-specific catalysts puts the spotlight on macro data and sector rotation.
Near 52W highs: DBS, OCBC, STI. Near 52W lows: DOGE. Overbought: OCBC, DBS, STI, HSI, Alibaba -- consider trailing stops or partial profit-taking