Trust Bank Singapore, New Digital Bank Freebies!

Image
Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving
Post a Comment

Trend Reversal Signal in Leader KOSPI?

A very eye-opening article written by Daryl Guppy in CNBC website today. Most of which are extracted and posted below:



  1. Intermarket analysis provides an edge of safety but traders also need to be alert for changes in the market relationships. The KOSPI is the current leader, but the leadership baton will change at some time in the future, so it's important to follow the leader with your eyes open.

  2. Markets don't develop in isolation neither do they develop in unison. In any related group, there's usually a leader, and a laggard. These inter-market relationships provide good trading opportunities because one index will lead the way in behavior and development. Alert traders watch the leader, then look for a duplication of this behavior in other associated markets.

  3. These relationships allow traders to enter a new trade with greater confidence, and also to exit a trade before too much loss is incurred. The Asia region includes South Korea, Taiwan, Singapore, Hong Kong and Malaysia. Japan is too intimately tied to the fortunes of the United States to provide useful leading information for the Asia group of markets.

  4. The five Asia markets operate under the twin shadows of the U.S. and China, although of late it's the Chinese shadow which has been more important and the driver behind market behavior in Hong Kong.

  5. The leader in this regional grouping is South Korea's KOSPI. The KOSPI is not a leader in terms of percentage returns (61 percent) — the crown goes to Hong Kong and Taiwan with near 80 percent gains. The KOSPI is a leader in behavior.

  6. It started with the symmetrical triangle pattern that developed in October and December 2008. The breakout from this pattern failed, but the degree of retreat in the KOSPI was less than in the other four Asia markets. This is when the KOSPI established behavioral leadership.

  7. The KOSPI was the first market to achieve the strong resistance level after the breakout from the lower trading band. The failure to break above resistance at 1,440 was a leading indication that Singapore's Straits Times Index would also fail to break above the important resistance level near 2,400. The KOSPI failure was clear in early June. The Singapore market retreated from resistance a week later. Traders who followed the KOSPI signals had 5 days to prepare an exit from the STI.

  8. Over the past few weeks the KOSPI has developed a rounding top pattern. This is a trend reversal pattern. The pattern of highs starting in April can be best defined using a curved trend line. The base of this pattern is near 1,360 and has been tested as a support level several times.

  9. The depth of the rounding top pattern is measured, and this value is projected downwards. This gives a target near 1,260. This target does not match any previous historical support area. The nearest verified support area is near 1,230 so this would be used as a more reliable target if the KOSPI moves below support at 1,360.

  10. This suggests that the strategy of buying into the current rebound developing in other Asia indexes is a strategy with some danger. If the KOSPI breaks support then other Asia indexes have a high probability of following the Korean lead.

  11. The rounding top pattern is invalidated under two conditions. The first indication is a sustained move above the curved trend line. Currently this value is near 1,400. Aggressive traders will follow this breakout as it develops in slower moving, or lagging, Asia markets. The second indication is a successful breakout above the resistance level near 1,440. This invalidates the rounding top pattern and also sets the conditions for a new uptrend development. This is a bullish result. Conservative traders use this breakout as a signal to buy into the slower developing rebounds in other Asia markets.

Comments

Post a Comment

Popular posts from this blog

CPF@55 Policy Designed to Make the Rich Richer!

CPF@55  Policy Designed to Make the Rich Richer! Do you know that  CPF@55  policy can help you get richer with a bigger SA (Special Account Balance) after 55? Yes, provided your are rich with a big OA (Ordinary Account Balance) and SA which exceeds the FRS (Full Retirement Sum).  Assuming you have $240k (SA), $160k (OA) and FRS is $200k, this is how you can become richer after 55: 1.  2 weeks before your 55th birthday, buy a stable Unit Trust Bond Fund with $200k SA under CPFIS/SA investment scheme (minimum $40k SA must be maintained) 2.  On your 55th birthday, CPFB will transfer $40k (SA) and $160k (OA) to your RA (Retirement Account) to form $200k FRS. 3.  Next day, sell your CPFIS/SA investment of $200k, this will be returned to your SA. 4.  You now have $200k (SA) and $0 (OA) after RA is created! What happens on your 55th birthday if you did not do the hack (ie. step 1&3) above?  CPFB will transfer $200k (SA) to RA.  So after 55, you will have $40k (SA) a
Read more

LIFE@55 - What CPFB Don't Tell You!

Image
CPFB started to talk about Risk Pooling only in April 2019 after being queried at Parliament. They have never talked about Risk Pooling since CPF Life was introduced, not even in any Life@55 Talks! Do you know are there other important information CPFB is still not telling you at Life@55 or @facebook? In the past (eg 2014), members have to decide/choose their CPF Life Plan (ie Standard vs Basic) at 55 and part-CPF Life annuity premiums would be deducted from their Retirement Account (RA) for transfer to the CPF Life Pool. Only at 65 when monthly payout starts will the reminder of the CPF Life annuity premiums be transferred from RA to CPF Life Pool. For members turning 55 after July 2015, they only need to choose their CPF Life Plan (ie Standard, Basic or Escalating Plan) if they decide to start payout at 65 or delay till 70. Most members will choose their CPF Life Plan based on guidelines provided by CPFB as follows: Choose Standard Plan if you want more monie
Read more

NTUC Fairprice Shares pays 5% dividend!

Yesterday I received the NTUC Fairprice Co-operative's dividend and rebate statement for financial year ended March 31, 2008. I was surprised to receive so much money for this investment! I was holding more shares than I thought. I received 5% dividend and 4% in rebate, which had already been credited to my bank account on September 5, 2008. Too bad, that's the maximum each member can hold. Another very good Capital Protected Dividend Stock to own! Ntuc Income Share Pays 9% Dividend for 2009, credited June 3 2010
Read more