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

Shanghai Composite Long Term Uptrend Ended


Daryl Guppy wrote a long analysis on Shanghai Composite (China) on Feb 3 2010. Key points to note:

  • Global markets have a common emerging feature. The degree of correction is now large enough that it cannot be dismissed as a temporary trend weakness.

  • The Shanghai market continues to show leadership in terms of market behaviour. The behaviour is around 10 weeks ahead of the similar behaviour in US markets.

  • The degree of the move in the Shanghai market is in the order of three times the move in the US market. So a 15% fall in the Shanghai index is mirrored by a 5% fall in the DOW.

  • There is a genuine concern that the test of the 3000 support area is a prelude to a broader fall in the market. The first important change was the move below the long term uptrend line 1. This index movement confirmed that the long term uptrend has ended.


  • The uptrend line 1 will now act as a new resistance level for any index rally. This development shows the market has stopped up trending and it is now moving into a different behaviour pattern.

  • Good historical support level between 2910 and 3000 and near 2600 to 2650. A fall below 2910 has weak support near 2750. The strongest support is 2600 to 2650. The market can reach this level by two methods:

  1. The first method is a continued downtrend fast fall to this level. This is very bearish. This fall would give a strong test to the support level. A fast fall to support could easily fall below the support level because it has strong downwards momentum.

  2. The second method is shown with a down sloping trading channel. The upper edge of the channel is trend line A. The lower edge is trend line B. The market will soon prove if this trend channel analysis is correct if the market continues to use trend line B as a support level. In this market condition the market will continue to move more slowly towards the support level between 2600 to 2650. When the market reaches this level there is a higher probability the market will not fall below the support level.

  • The key features for the next few days is the behaviour of the index near the 2950 to 3000 support level, or if the index moves below this level and uses trend line B as the new support level. This will show if the market will move in a sideways trading band or if the market will move in a down sloping trading channel pattern.

  • The Shanghai market is quickly reflecting the concerns of Chinese investors. These concerns are also rippling through regional markets with tests of historical support levels. This is a time for protecting profits.

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