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.

In spite of the global melt down and the economic crisis facing many an industry, there is one industry that is still thriving. The travel industry. Recession or no recession, people have to travel and they do. Not only domestically but also internationally. Not only for personal purposes but also for business and for tourism also. We can almost say that the stress of the economic depression is making people travel and relax!There is a saying that goes: “One man’s meat is another man’s poison”. And, on the same analogy, one individual’s idea of relaxation might be a villa in the South of France overlooking the beach and the sea, surrounded by “Abigails and Andrews” whereas that of another may be a tent in a remote spot on the same beach.Just like in housing, where houses are being foreclosed and going for a song and it is a “buyers market”, the travel business is also on cloud nine and the offers for a memorable vacation in some of the exotic places on the planet surround the potential traveler. Travel agents the world over are trying their best to get people to travel. It is now time to take advantage of these offers and have a rollicking holiday in a new place.But do you choose a place and do your budget or do you do your budget and choose a destination. The second is the wiser course as the first may turn out to be unaffordable. But there are such o lot of offers that you can even choose a place and then do your budget. Just see to it that it does not get you in the red, financially.Once you have made up your mind to go somewhere for a vacation, immediately a number of questions popup. Is your passport current? What are the places that you are going to visit at your destination? What kind of accommodation are you going to live in? An independent house, a condo or a hotel room? What about transportation? You have to choose a location that is fairly easily accessible from the place of your stay. Try finding a resort that has its own transportation to the local attractions.These are only some of the factors that you have to consider before setting out on your dream vacation. But whatever maybe, this is the ideal time for you to take that ideal vacation and make use the travel deals on offer.

There is a wise saying that goes “The grass is always greener on the other side”. How true is this saying? We often fight feelings of jealously when we see at our neighbor’s garden looking prettier than ours. In order to keep up appearances, you have bought and used garden fertilizers, manures, watered your garden daily but your garden still looks the same. If this is your story, do not get discouraged because ‘where there is a will there is always a way’.In this article, I will share with you nine cost-effective tips that will make your garden the envy of town. You garden will attract different species of butterflies, squirrels and rare birds.The first thing is to research on gardening. You don’t need to spend a fortune buying gardening books; you can get a lot of gardening information on the internet. Use the information gathered, to prepare a tentative budget.Secondly, cultivate your garden and uproot all the dead leaves, weeds, dandelions, moss e.t.c. If you are using a weed killer make sure it is not the strong kind because it will end up damaging the tender seedlings that you will plant in your garden.Thirdly, once your garden is properly cultivated, plant seedlings and deposit fertilizer on them. Planting seedlings as opposed to fully grown plants is much more affordable and cost-effective. Ensure the fertilizer you purchase has nitrogen because it’s a weed killer. The fertilizer should be applied at least four times in the year. This effort will make your garden grow without interferences from pests and rodents.Fourthly, water your seedlings daily with a hose pipe. It’s advisable to water the garden early in the morning or late in the evening. Ensure the water sprinkled is at least two inches to prevent the sun from scotching the seedlings.Five, fence your garden with neat picket fences painted with the color of your choice. Fencing your garden will keep away unwanted animals or children running around your freshly cultivated and planted garden.Six, continue with the routine until you see your garden taking shape. Don’t neglect cultivating your garden because weeds, dry leaves, papers will attack your garden.Seven, fit your garden with lawn lighting and place mirrors around your garden to give the illusion of space. Fairy lights placed around your garden fence and lanterns will make your garden look spectacular especially at night.Eight, invest in some outdoor furniture like garden tables, chairs, parasols and barbeque grills for cooking steak and sausages in the middle of a hot afternoon. Place decorative paving slabs in your garden so that your grill and garden furniture don’t rest on your freshly cultivated garden.Lastly, gardening is all about experimentation. You can have the garden of your dreams if you are will and committed to work at it. A garden is like a baby the more you nourish and feed it with the correct essential nutrients the more it will flourish and blossom to everyone’s delight.