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

Double-Dip Risk in Shanghai Index & DOW

Summary of key points from a recent update from Daryl Guppy (The Edge Singapore) on Shanghai Composite Index and DOW:

  1. The Shanghai market gives us an idea of the shape and behaviour of the much-anticipated double dip.

  2. The fall below 2,500 is a key indication that a large-scale double dip is developing. Break of support near 2,481 suggests it will probe the October 2008 lows, making this a major double-dip environment.

  3. This suggests the market may develop a consolidation pattern of behaviour between 2,050 and 2,280. The most bullish result is when support develops near 2,280, with perhaps a temporary dip towards the pattern target level at 2,200. The most bearish result is a fall below 2,200 to develop strong support near 2,050.

  1. These pattern projections do not provide clues about the nature of the retracement. This could be a dramatic fall over two or three weeks, or it could develop as a slower retracement. In either situation the key factor is the development of support in the 2,200 area. Support at this level will lay the foundation for the development of a new uptrend. Investors will look for consolidation patterns and the development of bullish chart patterns before they can enter the market with confidence.

  2. This also suggests that the double dip in Western markets will probe the March 2009 lows. A confirmed head-and-shoulder reversal pattern in DOW gives downside target projection near 8,500. A fall to this level will shake market confidence and there is a high probability of a momentum overshoot below this support level. Then, in another cascade, a further collapse towards historical support levels to develop a major double- dip environment.

Comments

Post a Comment

Popular posts from this blog

EWI Global Market Perspective February 2021 (Trial?)

  For a moment, think back to about a year ago. The pandemic's first waves have just hit. New York, London, Tokyo -- major cities are shut down. Millions are out of work. Commerce grinds to a halt. On top of that, financial markets were crashing. Was it unforeseeable? Before you answer, please look at these 3 charts from the January-March 2020 Global Market Perspective , a monthly publication by our friends at Elliott Wave International, the world's largest independent market-forecasting firm. On the same page, you'll also see an invitation to a special opportunity to test-drive their latest, February 2021 Global Market Perspective for 5 days and see what's next for 50+ of the world's top markets: U.S., European and Asian-Pacific stocks, FX, cryptos, bonds, gold and more. Who is Elliott Wave International? EWI is the world's largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch mark
Read more

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

EWI's End of Mania Era Report Free!

FREE DOWNLOAD: Like Dracula rising from his coffin after being consumed by fire, this Great Asset Mania has come back from the dead again and again. You've bared witness to the frightening monster. Its fangs drip with unsustainable government spending, overvalued stocks and fear of a so-called double dip recession. But does it have what it takes to rise once more? Or has it finally received a fatal stake in the heart? Download this FREE special report to find out . Or continue reading for details. It's true that many investors, analysts and certainly the mainstream press have been baffled by the past three years of market volatility and economic chaos. But when you read in the headlines that, "No one saw it coming," please know, dear reader, that the statement is false. A small group of analysts did see it coming, did warn their readers about it, and still do sound the alarms when necessary. But you'd be hard-pressed to hear about them from the mainstream f
Read more