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.

6 Tips For High Quality Natural Skin Care – For Free

Natural skin care products are top sellers in the skin care market. More and more people are recognizing that the chemicals used in big brand name skin care products are not good for us, or our skin, and turning to natural alternatives, both for skin care products, hair care products and cosmetics.Here’s 6 skin care tips for getting healthy good looking skin, for free. Because although the best natural skin care and anti aging products are spectacularly effective, there is more that you can do than just using organic skin care products.1. Improve your diet.Like it or not, our diet affects our entire body, and our skin. Our skin is an organ of our body like any other organ, and like the other organs our skin can get unhealthy from an unhealthy diet. But as everyone sees your skin it’s a highly visible result of a poor diet.This applies to all skin types, whether you have oily skin or dry skin or or any skin type, poor diet will affect the health, and look, of your skin. Skip the burgers and pizzas in favor of fruit and vegetables and your skin will look way better, and you’ll be healthier.2. Avoid big brand name cosmetics and skin care products. These products, including such things as hair care treatments, hair removal treatments, popular cosmetics, many facial and body care products and more contain chemicals that can both be harmful to your health and also damaging to your skin. Ironically, skin care products and cosmetics can actually cause skin problems. Junk your big brand name products.The author has personal experience with this. My young daughter was given traditional cosmetics by her ballet studio for her first ballet concert a few years ago, and immediately broke out in a nasty skin reaction. We now use our own (natural) cosmetics for her and there has been no repeat.3. Make yourself stick to a regular exercise routine. Exercise improves blood circulation, and this is good for your skin, and for your whole body. Exercise has so many benefits it’s hard to know where to start, and this includes improved skin health.4. Pay attention to getting plenty of beneficial essential oils in your diet. This includes omega 3 which comes from eating fish as well as some other foods. Omega 3 is good for your skin, and your overall health. You can get omega 3 from good (natural) supplements, but if you’re on a budget just find out which foods contain omega 3 and eat those. Do a little research and find a good source of omega 3 essential oil and include this in your diet regularly.5. Drink plenty of water. Your body, as well as your skin, needs to stay hydrated. If you don’t drink water this will impact your overall health as well as your skin health. Water is important for many things in your body, including skin health.6. Start dry brush exfoliation. It sounds complicated, but exfoliation is just using a soft, dry brush to gently brush your skin. Why would you want to brush your skin? Dry brush exfoliation helps remove the dead skin cells that all of us have on the surface of our skin.And you don’t just brush the skin on your face either, you should brush your entire body. It is done by gently brushing in small circles from your feet right up to your face. Dry brush exfoliation also helps improve your blood circulation in your skin, and lymph circulation.There’s 6 things you can do for free to help improve your skin beauty routine. In fact you can even save some money, for example fruits and vegetables are usually cheaper than burgers and pizzas. And if you regularly do these 6 things they will improve your skin health over time, and you will see the results. And your body will thank you for it with improved health overall.One last thing. Once you’ve junked your big brand name skin care products and cosmetics and hair and facial and body care products, find some high quality natural skin care products. They work better than the big brand name products (many of which do nothing at all), and they are made from safe non allergenic ingredients. Science is finding answers to skin aging and skin health, and they come from safe plant extracts such as shea butter and natural keratin.Stay health, stay fit and stay hydrated and your skin will do the same.

Shoe Repairs And Several Other Things When I Was 7

Shoe Repairs And Several Other Things When I Was 7
My Dad repaired most of our shoes believe it or not, I can hardly believe it myself now. With 7 pairs of shoes always needing repairs I think he was quite clever to learn how to “Keep us in shoe Leather” to coin a phrase!

He bought several different sizes of cast iron cobbler’s “lasts”. Last, the old English “Laest” meaning footprint. Lasts were holding devices shaped like a human foot. I have no idea where he would have bought the shoe leather. Only that it was a beautiful creamy, shiny colour and the smell was lovely.

But I do remember our shoes turned upside down on and fitted into these lasts, my Dad cutting the leather around the shape of the shoe, and then hammering nails, into the leather shape. Sometimes we’d feel one or 2 of those nails poking through the insides of our shoes, but our dad always fixed it.

Hiking and Swimming Galas
Dad was a very outdoorsy type, unlike my mother, who was probably too busy indoors. She also enjoyed the peace and quiet when he took us off for the day!

Anyway, he often took us hiking in the mountains where we’d have a picnic of sandwiches and flasks of tea. And more often than not we went by steam train.

We loved poking our heads out of the window until our eyes hurt like mad from a blast of soot blowing back from the engine. But sore, bloodshot eyes never dampened our enthusiasm.

Dad was an avid swimmer and water polo player, and he used to take us to swimming galas, as they were called back then. He often took part in these galas. And again we always travelled by steam train.

Rowing Over To Ireland’s Eye
That’s what we did back then, we had to go by rowboat, the only way to get to Ireland’s eye, which is 15 minutes from mainland Howth. From there we could see Malahide, Lambay Island and Howth Head of course. These days you can take a Round Trip Cruise on a small cruise ship!

But we thoroughly enjoyed rowing and once there we couldn’t wait to climb the rocks, and have a swim. We picnicked and watched the friendly seals doing their thing and showing off.

Not to mention all kinds of birdlife including the Puffin.The Martello Tower was also interesting but a bit dangerous to attempt entering. I’m getting lost in the past as I write, and have to drag myself back to the present.

Fun Outings with The camera Club
Dad was also a very keen amateur photographer, and was a member of a camera Club. There were many Sunday photography outings and along with us came other kids of the members of the club.

And we always had great fun while the adults busied themselves taking photos of everything and anything, it seemed to us. Dad was so serious about his photography that he set up a dark room where he developed and printed his photographs.

All black and white at the time. He and his camera club entered many of their favourites in exhibitions throughout Europe. I’m quite proud to say that many cups and medals were won by Dad. They have been shared amongst all his grandchildren which I find quite special.

He liked taking portraits of us kids too, mostly when we were in a state of untidiness, usually during play. Dad always preferred the natural look of messy hair and clothes in the photos of his children.