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

Where is DOW Heading?

Daryl Guppy published an analysis of Dow Chart at CNBC website yesterday. Key points to note:

  1. 3 most powerful bearish signals in the market are a Head and Shoulder Pattern, a Rounding Top and a Down Sloping Triangle.
  2. The Head and Shoulder Pattern on Dow took the market to first downside target of 11,200 in 2008. The October 2008 plunge set a potential support area near 8,000. The last four months have seen a test and retest of this general support area.
  3. Over the last four months, the rally rebounds have developed a pattern of declining highs. The first anchor point for the trend line was set by the rally peak near 9,600 in November. The failure of the early January rally near 9,000 established, a second anchor point for a new trend line.
  4. A new downtrend line using these two anchor points is drawn on the daily Dow chart. This creates a Down Sloping Triangle, a powerful bearish pattern in any market. In a bear market, the strength of the pattern is increased and suggests a high probability of a downside breakout.
  5. Downside target is near 6000, close to long-term historical support near 5,600. A fall to this level moves the market out of recession territory and clearly into depression territory. Estimated time frame in mid-April 2009.
  6. The market is entering the last third of the pattern development. Breakouts from this sector of the pattern can be very powerful and move very quickly to achieve their target levels.
  7. A successful break above the down-sloping trend line has a target between 10,000 and 10,600. The measured base of 2,000 points is projected upwards from the point on the trend line where any breakout develops.
  8. The test and retest of support near 8,000 is not part of a consolidation pattern preceding a market reversal. It is consistent with a bearish down-sloping triangle pattern.
  9. The solution for survival in 2009 is defensive trading because there is no such thing as a defensive stock, a defensive sector, or a cyclical survivor in a depression market condition.

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

Fengshui Forecast was Spot On Again!

Fengshui Forecast for August 2008 Stock Market was spot on again! STI had a major correction of more than 10%, dropping from 2906 on August 1 to 2574 on September 5. Too bad, I was not ready to short sell this bear market. But I felt very happy that I've exited the market before this crash. Thanks for the Fengshui Forecast! I prefer to simply wait on the sidelines, with my cash holdings earning interest from the bank or money market funds. This is a bear market! Capital Preservation is Key! Cash is King! Survival first, make money afterwards! Patience will be rewarded when the Time is Right! "Mr Market has never failed to recover from every setback. But not so for individual stocks!”
Read more

Stock Trader's Almanac 2009

After I started working, I was always at MPH or Times Bookshops on weekends, reading books to upgrade myself. With internet, I no longer do that except when I cannot find the information I want. Recently, I started visiting the bookshops again. I went to Kinokuniya this time as it has a wider range of books and uncontrolled (ie not shrink wrapped). I found the Stock Trader's Almanac 2008 and read it. I was disappointed as I thought I can find things mentioned in Amfraser's STI Forecast or useful information for the rest of 2008. A very expensive book costing S$70+, but I read it free! Ha ha, times are bad, many people do that at the bookshops! When the Stock Trader's Almanac 2009 is out, you can see me at Kinokuniya again!
Read more