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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.

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Online Finance Education – More Than Just a Finance Certificate

It is no doubt that knowledge and skills is what today’s world need the most. The economic recession has just exposed how ill equipped most of us are in managing their finances. This ill equipment ranges from personal finances to business finances. It no wonder that many people especially in America have been caught pants down with lives that were just but borrowed. How else would you call the huge credit card bills that are taking down gigantic economies such as the USA and Europe?Finance education has to be redefined from the traditional finance for picking mistakes in accounting to a contemporary finance education that allows you to be have skills to better manage personal finances or business finances.The revolution brought about by the information technology (IT) is an opportunity through which finance education has been revolutionized. The emergence of online finance education propelled by the linkages between students and tutors via the internet has made it easier to share facts on finance education. In addition, people are now able to ask questions that build their daily skills through asking or providing answers that have practical solutions. This can be achieved though blogging.Online finance education also has the benefit of providing templates from which the practical application of finance theories can be based. For example, a budget planner can be customized to calculate allowable expenses to what proportions.The traditional training in finance can also be delivered using the online finance education. There are now available e-business degrees that cover training in accounting, business management, actuarial sciences, human resource management, insurance, and international business management among others.The demand for online training opportunity has fuelled the growth of online colleges or universities. The challenge in enrolling in online colleges is that you have almost no chance of ascertaining the authenticity and quality of service. At most, you can only view information about the college from the websites. The websites are however easy to manipulate to present incorrect information in a seemingly correct form.As you search for the information on where to find online college or education to improve your financial knowledge, check for an institution that will provide more than just a certificate. You should be able to learn tips on how to get out of credit card debts, how to make the most from your mortgage investments and much more contemporary financial needs.

Our Favorite MMA Clothing Brands

MMA has exploded worldwide! It’s on television all the time, athletes have become popular household names, and events are selling out stadiums within minutes. And, small MMA clothing companies have become huge international businesses. With the growth of the sport and the expansion of these companies, comes the evolution of MMA clothing. A simple logo slapped on the front of a t-shirt is no longer the main staple of these brands. Companies are actually designing incredible clothing that’s great to wear throughout the day, as well as a night on the town.But which MMA clothing brands are the best? And which are the cheapest MMA clothing brands? With so many options to choose from, it can be hard to separate the good from the bad. Here’s a list of our favorite MMA clothing brands, based on their style, quality and price.Bad Boy MMABad Boy has been a presence in the MMA world for some time now, and sponsors some of the world’s biggest MMA competitors. Their quality is second to none, for everything from their Jiujitsu Gi’s and MMA fight shorts to everyday t-shirts. Designs range from the simple, but easily recognizable, Bad Boy eyes logo to more intricate looks. Bad Boy’s MMA t-shirts average price is around $30, which is quite reasonable given the quality of their product.Hayabusa FightwearSlightly higher in price, but also higher on the style scale is Hayabusa Fightwear. Their clothing line doesn’t have the widest selection of products, but the items they design and produce are all quite detailed and intricate in their look. Not only do they produce great everyday MMA wear, but they also create quality MMA equipment at great prices. And, they have created what are probably the best MMA gloves available, in terms of fit, durability and quality.TapOut ClothingProbably the most recognizable MMA clothing brand is TapOut. It’s hard to go an entire day without seeing someone walking down the street wearing a TapOut shirt! The TapOut brand has grown tremendously over the last few years, but despite their growth, their popularity remains in their MMA t-shirts, although they do offer a line of MMA fight shorts, as well as other products. TapOut also remains one of the cheapest MMA clothing brands on the market, which is another reason why we love them!

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