Monday, Aug 31 — all markets open (no US/SG holidays, not a weekend). Mixed tape: SG banks & the S&P 500 grind near 52-week highs post-NVDA earnings, while China large-caps sell off hard (CSI 300 -3.6% on ~5x volume). Crypto consolidates a strong August rally with Fear & Greed cooling to 62/100 - Greed (down from 74).
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|---|---|---|---|---|
| STI (SG) | 5,719.46 | +0.62% | 45.0 | +96.40% | Neutral |
| S&P 500 (US) | 7,711.76 | -0.25% | 48.0 | +93.00% | Neutral |
| HSI (HK) | 25,584.79 | -0.34% | 42.4 | +55.40% | Neutral |
| Shanghai Comp (CN) | 3,952.18 | +1.13% | 48.5 | +41.70% | Neutral |
| CSI 300 (CN) | 4,609.18 | -3.60% | 26.4 | +97.10% | Bearish |
Leaders: STI (SG) is the standout, grinding to +96% of its 52-week range with the S&P 500 not far behind at +93% — both sit in confirmed uptrends above rising MAs. Laggards: China large-caps are the glaring outlier: the CSI 300 dumped -3.6% on ~5x normal volume with RSI collapsing to 26.4 (deeply oversold), even as the Shanghai Comp rose +1.1% — a sharp large-cap distribution signal inside an otherwise mixed tape. HSI is directionless (flattish, RSI 42).
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| DBS | 76.40 | +0.33% | 53.7 | +0.19 | +0.82% | +5.56% | +24.29% | +94.40% |
| OCBC | 31.27 | +0.64% | 51.2 | +0.16 | +1.86% | +9.44% | +35.54% | +96.20% |
| UMS | 2.62 | -1.87% | 53.2 | +0.12 | -0.64% | +1.97% | +38.00% | +75.00% |
| Sheng Siong | 3.22 | +0.94% | 43.8 | +0.15 | -0.03% | -1.00% | +9.96% | +83.20% |
| HSTECH | 0.73 | -0.14% | 28.6 | +0.00 | -2.97% | -2.12% | -9.90% | +12.10% |
Singapore banks remain the market engine — DBS (+0.33%) and OCBC (+0.64%) sit at 94–96% of their 52-week ranges, extended 24–36% above the MA200, both with golden crosses intact. Current session volume is extremely thin (0.12–0.19x normal — early-session prints), so treat these moves as low-conviction. UMS pulled back -1.9% after a +21% month, consolidating a strong run (+38% vs MA200). Defensive Sheng Siong edged +0.9% but carries a fresh death cross (MA20<MA50), while HSTECH (RSI 28.6, 12% of 52w range) stays the chronic laggard of the basket — deeply oversold but no reversal trigger yet.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| NVDA | $217.55 | +8.74% | 60.2 | +1.05 | +0.16% | +4.51% | +11.15% | +73.80% |
| AAPL | $319.70 | +0.36% | 59.1 | +1.17 | +3.36% | +2.62% | +13.23% | +79.00% |
| TSLA | $348.75 | -1.71% | 58.1 | +1.02 | +2.93% | -3.25% | -13.01% | +25.50% |
| MCHI | $55.23 | +0.60% | 45.4 | +1.31 | -0.39% | +2.40% | -4.60% | +30.60% |
NVDA is the story: +8.7% after its Aug 26 Q2 report — a 15th straight quarterly earnings beat — lifting it back toward the top of its range (74% of 52w, +11% vs MA200) on ~1x volume. The S&P 500 itself is near highs (93% of range) but flat-to-down (-0.25%) today, RSI 48 — a healthy, non-extended posture. AAPL (+0.36%) is grinding at 79% of range but technically messy (MA20 just below MA50). TSLA remains the clear US laggard: -1.7% today, -13% below its MA200 and only 25.5% of its 52-week range. MCHI bounced +0.6% off oversold (RSI 45 after 30.5) as US-listed China attempted stabilization amid the A-share selloff.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| BYD | HK$90.00 | -2.12% | 51.5 | +0.70 | -1.21% | +3.05% | -5.48% | +42.30% |
| Alibaba | HK$112.00 | -1.67% | 35.4 | +0.75 | -7.69% | -0.56% | -16.47% | +23.90% |
Hong Kong is soft: HSI -0.34% and both watchlist names fell. Alibaba is the standout contrarian setup — RSI 35.4, just 24% of its 52-week range, -16.5% below the MA200, and -7.7% below its MA20 after renewed selling; it holds a golden cross on the 20/50 but the tape is clearly bearish short-term. BYD -2.12% today gives back some of its recent strength (still +3% above MA50, 42% of range) — profit-taking after its August bounce rather than a trend break. HK tech is moving in lockstep with the heavy-volume China large-cap selloff; no bottoming signals yet.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| BTC | $77,770.56 | -0.08% | 82.2 | +0.61 | +9.52% | +16.08% | +12.21% | +29.30% |
| ETH | $2,420.23 | -0.91% | 77.7 | +0.86 | +10.60% | +20.77% | +19.81% | +28.10% |
| DOGE | $0.08 | -3.64% | 64.9 | +0.82 | +3.69% | +10.38% | -7.73% | +6.00% |
This is not capitulation — it is orderly profit-taking after a powerful August bounce (BTC +20% m/m, ETH +26% m/m). BTC (RSI 82.2) and ETH (RSI 77.7) are overbought and stalling, but the pullback is on light volume (0.6–0.9x), and the Fear & Greed index is cooling from 74 to 62 — greed fading, not panic. BTC sits +9.5% above its MA20 (≈$71k), which is the immediate support to watch; ETH likewise +10.6% above MA20. DOGE is the weak link (-3.6% today, still below its MA200, 6% of range). A dip toward the MA20 zone would be a healthier entry than chasing here.
USD/SGD rose +0.34% to 1.2742 — the SGD softened against the greenback today after a period of strength; a modest headwind for the SGD leg of the portfolio, but one day of drift does not break the longer SGD firmness trend. CNY/SGD at 0.1887 keeps SGD firm vs the yuan, consistent with relative Singapore strength. Net: USD/HKD-denominated holdings gain slightly in SGD terms today, while any prolonged SGD softening would mildly boost the SGD value of overseas holdings — a small tailwind if it persists.
In aggregate: breadth is split down the middle — the golden-cross camp (NVDA, DBS, OCBC, UMS, BYD, MCHI, HSI, STI, S&P 500) outnumbers the death-cross camp (AAPL, TSLA, Sheng Siong, Shanghai Comp, CSI 300), but the death-cross names include the two China indexes and both US mega-cap laggards, so the bearish cluster is concentrated where the money is. The overbought BTC/ETH flags (RSI 77–82) are the clearest near-term risk; the 5x-volume CSI 300 dump is the most aggressive distribution print on the board and suggests China large-caps are being sold into strength even near 52-week highs. Thin SGX volume means local signals are unconfirmed until participation returns.
Singapore banks and the S&P 500 are the clear leaders of the portfolio — both grinding at 93–96% of their 52-week ranges with intact uptrends, and NVDA keeps the US leg supported after its +8.7% post-earnings pop; no action needed there beyond holding. The actionable risk is two-fold: crypto (BTC/ETH) is overbought after a +20–26% August run with the Fear & Greed index cooling — take partial profits or trail stops rather than chase. China is the divergence to respect: the CSI 300 dump of -3.6% on 5x volume with RSI 26 is distribution, so avoid adding to HK/China exposure until it stabilizes, despite the beaten-down valuation of Alibaba. Nothing on the earnings calendar for 14 days. Overall bias: constructive on SG/US, cautious on China, selective profit-taking in crypto.