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.
Advertisement

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.

Can Fitness Clothing Affect Your Workout?

Fitness takes a lot of dedication and motivation to continue towards a healthy lifestyle. Many women have specific things that keep them motivated and make them want to work out more to benefit their health and keep them fit.Fitness clothing is meticulously designed to tailor your workout and activity, but is there real benefits? Aside from the obvious comparisons between wearing a pantsuit in comparison to running pants there are other benefits.As we all know a lot of our attitude towards exercise is based on our own body image and confidence, especially when working out in public. Many women swear that when they put on a workout outfit that they believe to be flattering, appropriate and fashionable, they feel much more motivated to exercise. Especially for women taking an exercise class. Standing in from of a room of mirrors with nothing to look at but yourself and others around you can play havoc with your confidence and looking good can be the difference between getting fit and staying in bed with some pizza!Other benefits of workout clothes are less psychological and more scientific. As mentioned before, you wouldn’t work out in a pantsuit and blazer. Sportswear is designed to fit the contours of the body in a way that minimizes bulk and allows flexibility. Take an exercise like yoga. This is an activity that requires a lot of flexible movement from the body and therefore a form-fitting stretchy fabric is essential not only to allow the body to move without restriction but to make sure the pose or movement is performed correctly.Another instance where workout clothing can really affect your workout is within the realm of sports bras. Women can experience pain and discomfort when vigorously exercising without any support for their chest and a sports bra can be the answer to this. Women with larger chests have often complained that they cannot exercise like a man for example but once they have found the appropriate sports bra they feel much more supported and able to move freely. Sports bras are made in a variety of intensities also making each one appropriate for different exercise and sports.Arguably most important is footwear in exercise. The body takes on a lot of strain when exercising especially when running or playing sports. The knees and joints are very important to keep healthy and therefore the right shoe is essential. Sports shoes are also tailor made to enhance specific activities. Running shoes are very supportive and can come with a lot of cushioning whereas hiking shoes will have a lot more grip and ankle support.Different fabrics also enhance our workout to help reduce and disperse sweat. This keeps the body more free of toxins and keeps us cool as we exercise.Workout clothing can really make a difference to a workout both mentally and physically, when we look good we feel good and when we feel good we look good. With a little help from our sportswear, we can achieve both.

Great Guidance In Achieving Network Marketing Success

Tangible, in-demand products sell well in any economy, and this fact of business may have drawn you to the realm of network marketing. If it has, or even if you’re entertaining the idea for some other reason, you would do very well to educate yourself about the market before attempting to start your business. Read this article for some great MLM tips.When you’ve completed your initial website, ask someone you know who knows nothing about network marketing to look at it. Have them use a critical eye when reviewing everything, and then find out if they would sign up through you if the website is all they had known about you.When you set your network marketing goals, look at the big picture. Consider how your marketing will affect your business in the longer term. Take careful stock of how your current marketing strategies will influence your business in three to five years. If the picture is not what you have in mind, make appropriate changes now.Avoid wasting your time. While working on the internet, it is very easy to become side-tracked. How many times have you found yourself reading everyone’s statuses on Facebook when your original plan was to post a quick update? Work with a schedule and make efforts to stay focused on your work.In network marketing, when people ask a question, you should provide the information they’re looking for. If you keep an index of topical information, people will see your website as a resource and continue to return time and time again. Keep your content fresh, useful, and plentiful, and you’ll see a great rise in visitors.Don’t be afraid to ask for help if you need it. If you see other successful network marketers, ask them what they are doing to be so successful. Most networkers are not adverse to sharing their secrets, so long as long you are marketing a different product and won’t be honing in on their market share.One way to get bigger pools of potential recruits for your network marketing efforts is to encourage recruits to start thinking in terms of “friends of friends.” If your recruit provides you with a potential recruit, ask them who that person knows who might be suited to the program. Exploring wider circles this way can exponentially expand your recruiting pool.When you have a career doing network marketing, you need to make sure that you are spending your time wisely. Taking a lot of time to check your emails or Facebook is not really going to get you anywhere in terms of making more money. Make sure you know the sales of your company product, and how your sponsors are doing, then you can spend some time doing the things first mentioned.A great tip that can help you become successful at network marketing is to devote a lot of time and effort to your customers. Try to make a connection with each and every one of your customers. A great way to do this is by checking up with them after they make a purchase.Not everyone who joins your network marketing team will actually be a part of your downline. You can have what I call “horizontal hires”, people who you will pay for their services as they help you. The best way to use this is with a finders fee – a single payment that you set out when you make your agreement which they receive when finding someone who is interested in your offer.TwitterIn order to succeed at network marketing you need to focus on income producing activities and make sure that you spend your work time wisely. When working on your computer, do not waste all of your time logged onto Facebook or checking emails. Spend the majority of your online work time marketing, sponsoring people and selling your company’s products.A great tip that can help you become more successful at network marketing is to be aware of how much time you spend on social networking sites. Twitter and Facebook can be great resources when it comes to networking, but just make sure you aren’t wasting too much of your time on them.Don’t stick with what you already know and think that will be enough. If you want to be a successful network marketer, you need to have many skills that will advance your career. Know how to use Facebook and Twitter to help market. Learn how to write a successful blog. Always try and learn something new.FacebookUse the power of social media sites in today’s world to help you with your network marketing business. Network marketing is a business of today, and today is revealed through the internet and media. The two biggest things in today’s world are Facebook and Google. Optimize your search results on Google, and market your business and products on Facebook.Avoid wasting your time. While working on the internet, it is very easy to become side-tracked. How many times have you found yourself reading everyone’s statuses on Facebook when your original plan was to post a quick update? Work with a schedule and make efforts to stay focused on your work.When you have a career doing network marketing, you need to make sure that you are spending your time wisely. Taking a lot of time to check your emails or Facebook is not really going to get you anywhere in terms of making more money. Make sure you know the sales of your company product, and how your sponsors are doing, then you can spend some time doing the things first mentioned.In order to succeed at network marketing you need to focus on income producing activities and make sure that you spend your work time wisely. When working on your computer, do not waste all of your time logged onto Facebook or checking emails. Spend the majority of your online work time marketing, sponsoring people and selling your company’s products.A great tip that can help you become more successful at network marketing is to be aware of how much time you spend on social networking sites. Twitter and Facebook can be great resources when it comes to networking, but just make sure you aren’t wasting too much of your time on them.Use the power of social media sites in today’s world to help you with your network marketing business. Network marketing is a business of today, and today is revealed through the internet and media. The two biggest things in today’s world are Facebook and Google. Optimize your search results on Google, and market your business and products on Facebook.When you are involved in network marketing, it can be very easy to lose track of time by maintaining your network instead of expanding it. You can find yourself checking e-mails, logging on Facebook, and other activities that can be considered work but do not necessarily improve your income. Be aware of this and make sure that you dedicate at least a few hours each day strictly to expanding your network or finding customers.Don’t forget about social media when it comes to network marketing! Tweets get retweeted, and Facebook posts can be shared. Have your blog write on both sites when you post to your blog, and make sure to add other tidbits of information throughout the day to keep your followers interested. Link to articles that match the topic of your website, or mention positive achievements you’ve made recently.Don’t forget about social media when it comes to network marketing! Tweets get retweeted, and Facebook posts can be shared. Have your blog write on both sites when you post to your blog, and make sure to add other tidbits of information throughout the day to keep your followers interested. Link to articles that match the topic of your website, or mention positive achievements you’ve made recently.Don’t stick with what you already know and think that will be enough. If you want to be a successful network marketer, you need to have many skills that will advance your career. Know how to use Facebook and Twitter to help market. Learn how to write a successful blog. Always try and learn something new.Up top, you read about how popular products will sell well anytime. Throughout this article, you read some great tips on how to do your selling and how to pitch your products in order to build your team. Understand that there is a demand out there. You just need to educate yourself on how to become the supplier. Hopefully this article just helped with that.