Daily Stock Report

The US is leading: the S&P 500 holds a confirmed bull trend (RSI 70.0, +92.8% of its 52-week range) with Singapore following close behind (STI +92.3% of range despite a soft session). Mainland China is the clear laggard — CSI 300 is oversold (RSI 32.6, death cross, -6.7% on the month) even though range compression parks it near its 52-week high, and Shanghai Comp sits at just 36.5% of its range. The divergence is stark: Western and HK indices consolidate near highs while China momentum rolls over.

SG banks remain the core strength: DBS and OCBC are golden-crossed, well above rising MAs and within ~10% of 52-week highs; today's small dip on thin volume (0.2-0.3x) reads as profit-taking, not distribution. UMS is the outlier — RSI 84.3 and +54% above its MA200 after a huge run, yet volume is a meagre 0.10x, so the rally is running on low participation and is vulnerable to a sharp mean-reversion. The laggards are defensive (Sheng Siong, RSI 34.2) and tech (HSTECH, RSI 35.5, only 16.4% of its 52-week range) — a textbook rotation into banks and out of defensives/tech on the SGX.

The S&P 500 holds a golden cross at RSI 70.0 — firm but on the edge of overbought. NVDA is quietly coiling (+2.4% above MA20, RSI 68.4) into its 26 Aug earnings print; expect elevated volatility around the number. TSLA's +4.23% pop looks like a bear-market bounce: still below MA50 (-4.4%) and MA200 (-13.2%), carrying a death cross and only 26.7% of its range, with RSI 75.9 now overbought short-term. AAPL is the steadiest megacap (+2.19%, RSI 59.5), while MCHI (+0.89%) confirms China-ETF money is returning cautiously.

HSI gained +0.99% on 1.26x volume with a golden cross and price back above its MA200 — constructive, though index RSI of 44.7 says the recovery still has headroom. Alibaba is the standout: +12.9% above MA50 with a golden cross and +10.9% on the month; a reclaim of the MA200 (HK$135.9) is the next technical trigger. BYD is the contrarian watch — RSI 37.7 near oversold with a fresh golden cross — but volume at 0.10x on both names means neither is being chased aggressively yet, so treat the bounce as unconfirmed.

Crypto is in a violent relief rally after the mid-year capitulation: BTC +7.7%, ETH +18.2%, DOGE +7.3% on 2.2-3.0x volume — real participation, not a dead-cat bounce. But RSI is stretched (BTC 77.9, ETH 87.9, DOGE 71.8) and prices remain deep below their highs (DOGE sits at 3.1% of its 52-week range), so this is a bounce inside a larger downtrend until proven otherwise. The Fear & Greed Index jumped from 29 to 62 in a week (daily series 62, 46, 41, 31, 34, 34, 29) — sentiment swung from Extreme Fear to Greed almost overnight, which historically marks the early phase of a bounce that needs consolidation before the next leg higher.

In aggregate, today's signal board shows a market that has rebuilt momentum since the mid-year shakeout but is now bifurcated. The golden-cross cluster (STI, S&P 500, HSI, DBS, OCBC, HSTECH, NVDA, AAPL, MCHI, BYD, Alibaba, BTC, ETH) confirms a medium-term uptrend across every region. The danger zone is the overbought cluster (ETH 87.9, UMS 84.3, BTC 77.9, TSLA 75.9) — exactly the names that bounced hardest on heavy volume and are now extended short-term — while the death-cross laggards (TSLA, DOGE, UMS, Sheng Siong, Shanghai Comp, CSI 300) have yet to repair their charts. The 5x volume spike in the Shanghai/CSI 300 indices against thin SGX/HK volume suggests index-level repositioning in China rather than broad retail participation. Net: the strength is real but concentrated — do not chase the overbought leaders.