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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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The 6 Benefits Of Receiving Full Nutrition

It seems as though everyone is concerned about their diets; what they eat, why they shouldn’t eat other foods, and what full nutrition really is. It is not surprising really as statistics show that inactivity and unhealthy eating contribute to over 300,000 deaths every year in the United States. The high saturated fat, sugar, sodium and low in fruits, veggies, calcium and fiber diets are very unhealthy and increase risks of several diseases. The body therefore requires a diet rich in fruits, vegetables, calcium, whole gains and fiber. Read on and discover more on the importance of proper nutrition for a healthy lifestyle.1. Muscle-tissue building and maintenance
Having full nutrition is vital in helping foster the growth of body lean muscle tissues and helps in its maintenance. The body’s muscle mass is such an incredibly energy-demanding tissue, meaning that, the more you have, the higher the body’s metabolism. There is no better way of weight management than body muscle mass building as far as a healthy weight is concerned. Proper nutrition allows you all this, and in addition, if you succeed in building more body muscles and maintain your weight, you will be in a position to avoid all other sorts of diseases related to obesity.2. Reduced Health Risks associated with diets
Proper full nutrition means a balanced-diet that includes a variety of healthy foods. Researchers have gone ahead and provided suggestions and guides to the best foods; “food pyramid” that entails grains, cheese, meat, vegetables, grains, fruits, oils and beans that provide all nutrients and vitamins the body requires. These should however be taken at appropriate and equal amounts from each of the food-group every day. With the right diet that provides good nutrition therefore, you can reduce the risks of certain health problems. Such health issues include high blood pressure, high body cholesterol, type 2-diabetes, heart disease, several types of cancer and stroke among other problems that are associated with improper nutrition.3. Enhances Your Immune System
A full nutrition diet helps in enhancing your immune system and this prevents you from frequent short illnesses. Every day, you come across a number of stressors, from your work place, to exercise-stress to financial stress, all these take a toll on the immune system of your body. Through feeding your body’s immune system with high quality nutrients you will definitely ensure that it stays strong and makes you feel much better every day. Veggies and fruits are especially very vital for your immune system health, be sure therefore to load-up these in your diet.4. Little Helpers of the body
Adequate full nutrition acts as helpers of the body. The body requires minerals and vitamins but in small quantities only. These function as co-enzymes meaning that they help a lot with chemical reactions. For instance, Vitamin B complex is important in burning carbohydrates; the body’s source of energy. Vitamin A is needed for good vision and Vitamin C helps to keep connective body tissues strong and the immune system functioning. Minerals such as Zinc contribute to metabolic processes. Healthy balanced diets provide the body with lots of minerals and vitamins, therefore, your diet should have adequate quantities of these body helpers.5. Manage Weight
Good nutrition is paramount in body weight management. While the quality of foods in your diet is important, the quantity matters also. To avoid weight gain, or to shed off some pounds, then choose the kind of foods that is low in fats, especially saturated fat. According to nutrition specialists, one extra gram of fat adds about 9calories to your food diet. Choosing low fat meats veggies and fruits keep the calories count down in the body. You can even reduce calories further in the body by limiting yourself to less drinks and snacks as well that are loaded with lots of sugar.6. Improve general health
Apart from lowering your vulnerability to several serious medical problems, maintaining full nutrition has a lot of other health benefits. Nutrition specialists explain that one has more energy and is able to delay aging effects and maintains a healthy skin by having proper nutrition. In addition to this, other benefits include healthy teeth and disease resistance.Giving your body full nutrition is a vital element in leading a healthy lifestyle and its importance is unquestionable. In fact, nutritionists agree that the formula for a healthy and fit body is; 10% exercise, 10%genetics and 80% nutrition. You cannot control the genetics, but you surely can control the 90%.

What Are The Greatest Changes In Shopping In Your Lifetime

What are the greatest changes in shopping in your lifetime? So asked my 9 year old grandson.

As I thought of the question the local Green Grocer came to mind. Because that is what the greatest change in shopping in my lifetime is.

That was the first place to start with the question of what are the greatest changes in shopping in your lifetime.

Our local green grocer was the most important change in shopping in my lifetime. Beside him was our butcher, a hairdresser and a chemist.

Looking back, we were well catered for as we had quite a few in our suburb. And yes, the greatest changes in shopping in my lifetime were with the small family owned businesses.

Entertainment While Shopping Has Changed
Buying butter was an entertainment in itself.
My sister and I often had to go to a favourite family grocer close by. We were always polite as we asked for a pound or two of butter and other small items.

Out came a big block of wet butter wrapped in grease-proof paper. Brought from the back of the shop, placed on a huge counter top and included two grooved pates.

That was a big change in our shopping in my lifetime… you don’t come across butter bashing nowadays.

Our old friendly Mr. Mahon with the moustache, would cut a square of butter. Lift it to another piece of greaseproof paper with his pates. On it went to the weighing scales, a bit sliced off or added here and there.

Our old grocer would then bash it with gusto, turning it over and over. Upside down and sideways it went, so that it had grooves from the pates, splashes going everywhere, including our faces.

My sister and I thought this was great fun and it always cracked us up. We loved it, as we loved Mahon’s, on the corner, our very favourite grocery shop.

Grocery Shopping
Further afield, we often had to go to another of my mother’s favourite, not so local, green grocer’s. Mr. McKessie, ( spelt phonetically) would take our list, gather the groceries and put them all in a big cardboard box.

And because we were good customers he always delivered them to our house free of charge. But he wasn’t nearly as much fun as old Mr. Mahon. Even so, he was a nice man.

All Things Fresh
So there were very many common services such as home deliveries like:

• Farm eggs

• Fresh vegetables

• Cow’s milk

• Freshly baked bread

• Coal for our open fires

Delivery Services
A man used to come to our house a couple of times a week with farm fresh eggs.

Another used to come every day with fresh vegetables, although my father loved growing his own.

Our milk, topped with beautiful cream, was delivered to our doorstep every single morning.

Unbelievably, come think of it now, our bread came to us in a huge van driven by our “bread-man” named Jerry who became a family friend.

My parents always invited Jerry and his wife to their parties, and there were many during the summer months. Kids and adults all thoroughly enjoyed these times. Alcohol was never included, my parents were teetotallers. Lemonade was a treat, with home made sandwiches and cakes.

The coal-man was another who delivered bags of coal for our open fires. I can still see his sooty face under his tweed cap but I can’t remember his name. We knew them all by name but most of them escape me now.

Mr. Higgins, a service man from the Hoover Company always came to our house to replace our old vacuum cleaner with an updated model.

Our insurance company even sent a man to collect the weekly premium.

People then only paid for their shopping with cash. This in itself has been a huge change in shopping in my lifetime.

In some department stores there was a system whereby the money from the cash registers was transported in a small cylinder on a moving wire track to the central office.

Some Of The Bigger Changes
Some of the bigger changes in shopping were the opening of supermarkets.

• Supermarkets replaced many individual smaller grocery shops. Cash and bank cheques have given way to credit and key cards.

• Internet shopping… the latest trend, but in many minds, doing more harm, to book shops.

• Not many written shopping lists, because mobile phones have taken over.

On a more optimistic note, I hear that book shops are popular again after a decline.

Personal Service Has Most Definitely Changed
So, no one really has to leave home, to purchase almost anything, technology makes it so easy to do online.
And we have a much bigger range of products now, to choose from, and credit cards have given us the greatest ease of payment.

We have longer shopping hours, and weekend shopping. But we have lost the personal service that we oldies had taken for granted and also appreciated.

Because of their frenetic lifestyles, I have heard people say they find shopping very stressful, that is grocery shopping. I’m sure it is when you have to dash home and cook dinner after a days work. I often think there has to be a better, less stressful way.

My mother had the best of both worlds, in the services she had at her disposal. With a full time job looking after 9 people, 7 children plus her and my dad, she was very lucky. Lucky too that she did not have 2 jobs.

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