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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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Why The Net Is Your Best Bet for Business News

If you need to stay up to date with all the latest happenings and occurrences in the world of business, there’s no better way that to log onto the internet. The World Wide Web is indeed a goldmine for general company news, stock market trends and even emerging sector overviews. Put simply, to stay ahead of the game, get online.The great thing about the net is that there’s so much choice. Literally millions of different websites exist, and that means you can get the lo-down on pretty much any story, no matter how recent or far-fetched. Whether you want to know about a new CEO, an orange crop report or even the newest location of your favourite burger franchise, 5 minutes in cyberspace is all you need.Obviously the major news networks will have a greater scope to cover stories, but having said that you should never discount smaller or more niche oriented websites as they often have their ears closer to the ground. If someone makes it their business to know about a particular area, there’s a greater chance of finding more detail than at a larger authority site which is more concerned with the general facts. The best option however is to read a mixture, as that way you’ll never be left in the dark.Whatever type of industry you’re in, and whatever your job description might be, there’s no doubt that knowledge is power. From finance to marketing, law to politics, the more you know, the better off you’ll be. You might be the chairman of the board, or simply holding down the fort in an entry level position, but taking the time to read up on a variety of topics, related to your company or otherwise, is the key to success.Technology is definitely a wonderful thing, and these days you can receive all sorts of updates on your computer or smart phone from web based sources. Apps, emails, widgets and even real time tickers mean you’ll never miss a beat, and that’s a far cry from a few years ago when reading newspapers was the norm. Business itself has changed because of the web, and the exact opposite is true as well. It’s a perfect marriage that benefits regular individuals massively.Quite plainly then, the information highway is a real goldmine when it comes to staying up to date with pretty much anything these days. Having all the facts in one easily accessible place means you’ll be incredibly well informed and always able to make the right decisions. Log on and start surfing today- it’ll be the best thing you ever do from a career perspective!

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Anti Aging Skin Care Product Secrets Revealed

Rule #1: Look beyond the claims of the productWhile advertising is a huge influence in the skin care market, it is important to be wise in dealing with the claims of any one particular product. If the product claims to reduce fine lines and eliminate wrinkles are these claims supported by reviews of real people who have used the product and seen positive results?One tip is to look for products that stimulate collagen production as over time, this can bring about dramatic and changes in the skin’s appearance. In addition, a product which contains a good moisturizer is crucial to relax skin tension and lock the moisture in.Rule #2: Don’t worry about the presence of any one ingredientWith so many competing creams on the market, there’s bound to be some degree of separation in which ingredients they all contain. Instead of getting fixated on which product a skin cream “must” contain, try to see what any individual product can bring to your skin care routine.It’s probably too much to ask for any one skin care product to be a “magic pill” for your skin, but by using a combination of products that attack the problem from different angles its easy to see how by using two or even three good skin care products your skin can easily benefit from the compound effect of all the extra nutrients and ingredients.Some really great nutrients for skin care include Silica, Zinc, Omega-3 acids, Selenium and Vitamin C and antioxidants.Rule #3: Avoid IrritantsOk, so while it can be good to have a range of essential nutrients in your skin care regime, there are definitely some skin care products that you would do well to avoid. Products that irritate the skin can actually increase wrinkles and weaken the skin against protection from environmental damage, such as UV from the sun’s rays, which is most definitely NOT what you want!The best advice here is to test. Even the slightest tingling or uncomfortable feeling on the skin resulting from using a product is the first sign of skin irritation. If this happens to you then my advice is strongly to stop using that product immediately! There are many alternatives on the market and the risks are simply not worth the cost.Once again check the product reviews and see what others are saying. This could save you a lot of trouble in the long run.Rule #4: Look for products that compliment your skin typeGetting to know your skin type can save you a lot of time in choosing the right products for you. This is actually a lot easier than you might expect. Basically, skin types can be broken down into four key groups: Normal, dry, oily and sensitive. There is also a combination skin type, although this is less common. Your skin will probably fall into one of these categories or have characteristics which make it more one than the other.(One quick tip here, if you are having trouble undermining your skin type, it could pay to to visit a dermatologist who can easily tell you which category your skin type fits into.)With this in mind, match the right skin product to your skin type and it will not only leave your skin feeling more fresh and nourished but will avoid any harmful influences that may occur from using the wrong product on your skin.In addition to this, remember to use the product on all areas of your skin that are exposed to the sun. It’s often overlooked that it’s not only the areas around the eyes and mouth that need attention. Your neck, hands and even parts of your body such as your knees and elbows may also benefit from some tender love and care!Rule #5: Don’t Expect Results OvernightThis goes back to the promises and claims you will see that accompany many skin care products. If I found a product that was a “miracle cure” for skin care I’d be absolutely thrilled about it! The truth is that a skin care product works in connection with your daily routine and is not really an isolated cure all by itself. You still need to protect yourself from the sun and keep on practising all the good habits which lead to healthy looking skin.That’s not to say that you can’t see tangible results and have great success with the right product. After all, skin care needn’t be difficult and it’s certainly possible to see positive results in a matter of weeks with the right product.Typically, in 2-3 weeks you should start to see some benefits to your skin, although for the best results a more prolonged use is recommended. Using the right product for a few months can literally transform the skin’s appearance.The benefits of a good anti aging skin care product include smoother and more radiant skin, a more even skin tone and less reduction of wrinkles and fine lines. Not only are these goals achievable but thanks to the recent developments in the cosmetics industry they are now also within anyone’s reach.The truth is that anti aging skin care needn’t be expensive or take lots of hard work. However, there is also a LOT of information out there and it can often be tricky to sort out what works from what doesn’t. So, to give you a head start, I’ve put together a free report of neat tips that can help you to have softer, smoother looking skin which feel great in the shortest time possible!First, head on over to How To Have Perfect Skin (that’s the blog) and sign up for my FREE skin care report. You’ll get access to all kinds of info, packed with skin care tips and advice for younger looking skin.Second, browse around the site for more skin care tips, techniques and reviews of and anti aging skin care products that have proven results.Third, take the plunge! By making healthy lifestyle choices and choosing the right product you could start to see significant results towards younger looking skin in less time than you might expect.

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