Since GSF hit the 52 week high of 30.69, it has been steadily declining. The current bounce is still within the channel lines. Will it break out? Not sure. It’s a short candidate when reaching the top channel line if overall market is not in a big swing up.
Looking at NE, it’s right at the top channel line, it’s over bought, but it has an increasing volume while going up. Let’s wait for a while to see if it breaks out or down.
As expected in the last entry, LOW clsoed at 54.01. The intraday low was 53.68. However, the volumne was low. I closed my Jul 55 Put position at 2.00 opened a few days ago.
MSFT has been moving up a little bit in spite of declining overall market. If it breaks out from 27.5, it will signal a new attempt of bullish trend since it hit the bottom in March.
Here’re some facts and links that may help anyone who is researching on stable value funds.
Personally, I put all the cash in my 401(k) into a GIC, which works just like a money market fund as sweep account to trade other mutual funds in the 401(k) account. Currently it yields a little over 4% annually.
Stable Value Funds
OBJECTIVE
Preserve principal and earn a stable rate of return. Their current average yield is around 4%.
PORTFOLIO
Funds own high-quality asset-backed securities, corporate bonds, U.S. Treasuries.
RETURN
Funds have returned 7.19% annually over the past 10 years, vs. 5.28% for money market funds and 8.45% for taxable bond funds.
The links in no particular order:
Now the gap has been filled. QQQ is back at the 36 supoort level. Breaking down from here leads to the retest of the 34 support once again. Earnings, interest rate and the ongoing war are interplaying in the market, it’s hard to know where the market will go.
SUNW filled the huge gap and it’s on its way to 4.0!
Now the gap has been filled. QQQ is back at the 36 supoort level. Breaking down from here leads to the retest of the 34 support once again. Earnings, interest rate and the ongoing war are interplaying in the market, it’s hard to know where the market will go.
SUNW filled the huge gap and it’s on its way to 4.0!