S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

Make a Fashion Statement With Nike Dunks

It is important that when you walk, you carry your style, confidence and grace along with you. When you talk of perfect dressing, shoes play a very important role. Hence, the saying ‘When you walk the talk perfectly, you are truly successful’. A man is judged by the shoes he wears – this saying has a lot to do when it comes to dressing right. Be it the workplace or play, you need to look good in the eyes of other people. Pay attention to right clothing and shoes if you truly want to have the confident look. We pay a lot of attention to our caps, trousers, tees and totally ignore when it comes to shoes. It is still not too late and you could correct the mistake and go for a really good and comfortable pair of shoes. When you talk of sneakers, you talk of Nike shoes. Sneakers have been synonymous with Nike Shoes. They compliment all varieties of dresses and look really chic and comfy on any outfit.Nike introduced sneakers keeping in mind the basketball players. The players wanted to adorn shoes which were not only comfortable but also good to look at. Hence, Nike introduced these sneakers and the basketball players were all for it. They could not think of playing basketball without these sneakers. Basketball is such a popular sport and Nike knew exactly how and when to capture the market. With the increasing popularity of basketball, the brand image of Nike traveled far and wide and you could see each and every young person sporting a Nike sports shoe.Nike shoes gained popularity right from the basketball history. Varsity life is also associated with sporting a pair of Nike shoes. They have become icons for the youth and sportspeople. The shoes lend a stylish and relaxed feel to the wearer. Youngsters of college feel they are not in sync with the fashion world, if they do not possess Nike sneakers. It is considered as the ‘in-thing’ amongst college goers. If you sport a Nike, it is considered as a fashion statement and you are automatically elevated and recognized as one among the ‘elite crowd’ and considered ‘COOL’.Nike can hold its head high and it is proud that it is able to hold the fashion market and dictate fashions and trends. When you talk of the hip hop crowd, DJs and other sports freaks, all of them are really crazy about these sneakers. Skateboard is another sport which is gaining popularity and it is more or less like basketball. Nike shoes are also extremely popular amongst lovers of Skateboarding. They are available in different designs in Skate stores as well. Nike has been able to add another community to its list of lovers – the skater community.

The Three Ps That Are Vital to Your Online Business Success

Setting up an online business is relatively easy. In fact you can follow a simple checklist and accomplish the task in a matter of hours or a few days. Taking that online business to a level of respectable success is a little more difficult. There are few things that you must do and many things that you could do to create online business success.To simplify this article and keep it relatively short, I want to talk about the three Ps that are vital to your online business success.Put It UpThat is a logical first step. Put it up. The “it” in this step is your business concept. Until you put it you there for people to see and understand then all that you have is an idea that you continually bounce around in your head. It may be a very worthy and even viral concept, but as long as it stays in your head, it remains unproductive.If you were running a traditional business you would put it up in a storefront and hope that the people walking by would see it and stop in to do business with you. For an online business you will need to establish an online business website. This is your online storefront where you will have opportunity to present your business concept to the world and give the opportunity to do business in your online store.To ensure that your website is vibrant and attractive enough to draw-in online visitors, you must do two things while you are setting it up. You must keep your website rich with content. This will not only draw new visitors into your site, but it will keep them coming back to the site and referring others to check out your business.
The second thing that you must d is be personally transparent on the site. Be clear and specific about who you are and your goals for creating this site. Present yourself as a real person, with an address, phone number, and active email address. Be open and willing to communicate directly with your clients.PublishNow that your site is up, publish content wherever you can. This will not only improve the visibility of your online-business, but it will continually increase and improve your credibility in the mind of your clients.So how do you publish content for your clients to see? First you can write articles that relate to your specific specialty and submit them to article directories. Enhance your articles by sprinkling them with popular and relative keywords that people in your niche will search for. This will multiple your visibility on the web exponentially. Beyond article marketing, create a blog and fill it with similar keyword rich content. Publish your website URL on your blog and direct interested clients back to the website where you do business.PromoteFinally you must become a relentless self-promoter for your online business. Beyond article marketing and blogging, start exchanging links with similar sites. Create an affiliate marketing syndication and utilize RSS Feeds. Present yourself on Social Networking sites as a credible authority in your niche. Dominate the web with your message, your business proposition, and your expert credibility in the field. The number and strength of the marketing methods that you use to promote your online business will increase the number of targeted prospects that visit your website with the intention of doing business with you. Here’s to your online business success!Do you need some help taking your business to the next level? Check out my resource box below and lets connect. I would love to help!