JANSX continued to move up after a little dip. I actually closed my JANSX position (+6.13%) at that dip as I thought that it had reversed and didn’t want to wait for another confirmation. It has a major resistence at 24.

PMCGX is at 52-week high right now. I closed it at the same time when I closed JANSX. Bad move! The next resistence is at 25.

As we approach the 2004 year end, my current 401(k) has 75% in a stable value fund (earning a little over 4%) and 25% in international funds with exposure to Europe and Asia Pacific. I have always maintained at least 25% cash in this account.
The overall return is YTD 9.6%, compared to JANSX 1.75%, PMCGX 14.13%, TEMFX 13.18%, AEPGX 14.43%, S&P 500 about 6%, QQQ about 8%, RUT about 14% and INDU about 1%.


QQQ, RUT and SPX are all at or close to their 52 week high. The only exception is the INDU, which is breaking out from its downtrend line. Today’s rally were wide spread, but the volumes were at about average levels. Whether or not the overhead resistences can be taken out it remains to be seen in the comming days. As the election was over, traders and invetors alike move their focus back to routine aspects.

The vertical spread on QQQ Nov calls opened a while ago has increased its value to 0.85 or 100%. If the QQQ stays above 37, it can reach maximum profit of 1.15 or 135%.

Some info on stable value funds …

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

Preserve principal and earn a stable rate of return. Their current average yield is around 4%.

Funds own high-quality asset-backed securities, corporate bonds, U.S. Treasuries.

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:

  • MutualofOmaha.com
  • www.fcmstablevalue.com
  • SEC Splotligh on Stable Value funds
  • www.stablevalue.org
  • http://101investor.com/z/mutual-funds/stable-value-mutual-fund-sec.html
  • http://www.nylim.com/gp/0,2058,1000_1018245,00.html
  • Better xsd.exe

    now, it supports property, collection, import and option not to generate codes for imported types. download.

    for more info, check here.


    <br /> <?xml version="1.0" encoding="utf-8" ?><br /> <xs:schema xmlns:tns="http://microsoft.com/practices/ConsolidatedAccountStatementResponse" elementFormDefault="qualified" targetNamespace=http://microsoft.com/practices/ConsolidatedAccountStatementResponse xmlns:xs="http://www.w3.org/2001/XMLSchema"><br /> <xs:annotation><br /> <xs:appinfo><br /> <code xmlns="http://weblogs.asp.net/cazzu" skipImportedType="true"><br /> <extension Type="XsdGenerator.Extensions.ArraysToCollectionsExtension, XsdGenerator.Library" /><br /> <extension Type="XsdGenerator.Extensions.FieldsToPropertiesExtension, XsdGenerator.Library" /><br /> </code><br /> </xs:appinfo><br /> </xs:annotation><br /> <xs:import namespace="http://microsoft.com/practices/CashAccount" schemaLocation="CashAccount.xsd" /><br /> <xs:element name="ConsolidatedAccountStatementResponse" type="tns:ConsolidatedAccountStatementResponse" /><br /> <xs:complexType name="ConsolidatedAccountStatementResponse"><br /> <xs:sequence><br /> <xs:element name="CashAccounts" xmlns="http://microsoft.com/practices/CashAccount" type="ArrayOfCashAccount" /><br /> </xs:sequence><br /> </xs:complexType><br /> </xs:schema><br />
    <br /> <?xml version="1.0" encoding="utf-8" ?><br /> <xs:schema xmlns:tns="http://microsoft.com/practices/CashAccount" elementFormDefault="qualified" targetNamespace="http://microsoft.com/practices/CashAccount" xmlns:xs="http://www.w3.org/2001/XMLSchema"><br /> <xs:annotation><br /> <xs:appinfo><br /> <code xmlns="http://weblogs.asp.net/cazzu" skipImportedType="true"><br /> <extension Type="XsdGenerator.Extensions.ArraysToCollectionsExtension, XsdGenerator.Library" /><br /> <extension Type="XsdGenerator.Extensions.FieldsToPropertiesExtension, XsdGenerator.Library" /><br /> </code><br /> </xs:appinfo><br /> </xs:annotation><br /> <xs:complexType name="CashAccount"><br /> <xs:sequence><br /> <xs:element minOccurs="0" maxOccurs="1" name="AccountNumber" type="xs:string" /><br /> <xs:element minOccurs="1" maxOccurs="1" name="Contract" type="xs:int" /><br /> <xs:element minOccurs="1" maxOccurs="1" name="Balance" type="xs:decimal" /><br /> <xs:element minOccurs="0" maxOccurs="1" name="AccountType" type="xs:string" /><br /> </xs:sequence><br /> </xs:complexType><br /> <xs:complexType name="ArrayOfCashAccount"><br /> <xs:sequence><br /> <xs:element minOccurs="0" maxOccurs="unbounded" ref="tns:CashAccount" /><br /> </xs:sequence><br /> </xs:complexType><br /> <xs:element name="CashAccount" type="tns:CashAccount" /><br /> </xs:schema><br />
    ‘ Statement.vb

    Public Class ConsolidatedAccountStatementResponse

    Private _cashAccounts As CashAccountCollection

    Public Property CashAccounts As CashAccountCollection
    Return Me._cashAccounts
    End Get
    Me._cashAccounts = value
    End Set
    End Property
    End Class
    Public Class CashAccountCollection
    Inherits System.Collections.CollectionBase

    Public Default Property Item(ByVal idx As Integer) As CashAccount
    Return CType(MyBase.InnerList(idx),CashAccount)
    End Get
    MyBase.InnerList(idx) = value
    End Set
    End Property

    Public Function Add(ByVal value As CashAccount) As Integer
    Return MyBase.InnerList.Add(value)
    End Function
    End Class

    Down down down …

    Things have turned worse. SUNW broke down from early attempt to break out at 6. The downgrade to junk status from S&P on credit rating didn’t help either. SUNW is seeking support again around 4.5. I’m adding more. I also opened a position in LU.

    SOHU failed to test 30 and it’s been moving downward ever since. Next week will be option expiration week, we shall see more volatility. I failed to close some positions on SOHU due to lack of time following it closely. Since there’s no much time value left anyway, I’m holding it until expiration.