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.

What You Should Know About Online Nutritional Therapy Courses

Online nutrition, nutritional and diet therapy are just few of the useful nutritional therapy courses available online. Such courses are designed to offer assistance to every nutritional therapist in improving their over-all performance. With the Internet as an open resource, nutritional education or program is made even more possible nowadays. As a matter of fact, a lot of accredited online schools and programs are already accessible in the web, offering various courses in such field. One of these is the online nutritional therapy, which is intended to help boost every therapist’s expertise.Importance of Health AwarenessIt is a human nature to be conscious with their health. This is because health problems are inevitable to humans. In order to minimize the risk of having health issues, it is a good start to know what is right for the body. One of these is obtained by observing proper food intake per se a healthy eating approach. Note that the food you eat determines how healthy your body is. In order to help you become fully aware on these health and food matters, therapists who dwell more on nutrition come to exist. Such is also the rationale behind the emergence of online nutritional therapy courses.What is a Nutrition Therapist Career?A therapist is responsible to work with people, assisting them in developing healthy meal plans that would help resolve a particular health issue and condition. Their function differs from being a nutritionist, who on the other hand is responsible in the arrangement of various meal plans, both for individuals and group. Though the arranged meal plans are also intended to help enhance and maintain wellness.How to become a good nutrition therapist?One of the requirements to qualify for and to have Nutritional Therapist Career is to acquire, at least, a bachelor’s degree. Though, it is even more recommended to obtain a Master’s degree in nutrition to perform better in this type of career. The rationale behind this requirement is the nature of the job itself, as a form of therapy. Once you become a certified therapist, you then can choose as to where you want to work. You can work as a therapist in nursing homes, mental hospitals, for certain doctors, in a hospital and other relevant institutions. Others prefer to work in their own private practice.Apart from the vast opportunity of job offers, another good thing about becoming a nutritional therapist is getting good earnings. Similar to those who work in pertinent fields, a therapist can also earn big or even bigger. Apparently, the amount they earn is even higher than the annual average income of a dietician. To make all these earnings and benefits possible, it is necessary to undergo a quality therapy education or training, which can be obtained online.

Online Travel Shopping: 4.8 Million And Counting

Click, Search, Book!!Sounds familiar? Online Travel, which was considered the domain of the Internet ‘geeks’ a decade back, is the new mantra for the Internet savvy generation of today. Logging on to the Internet and accessing the vast pool of resources has become the norm of the day.Today, the fastest growing category for B2C e-commerce in India is Travel. From railways to airlines, hotels to travel packages- virtually every segment of the travel industry is seeing a surge in online bookings.With the global increase in popularity for Online Travel, Online Travel sales worldwide increased by as much as 34% from 2004 to 2005 and reached $62 billion in the US markets and $31.1 billion in the European markets. Online travel in Asia too, is on a roll, estimated to reach $16 billion by 2006 more than double that in 2003.The exploding globalisation in India has catalysed the rapid expansion of Internet connectivity and e-commerce activities throughout the country. Today, India boasts of an ever-increasing user base whose understanding of the Internet is at par with that of any developed country, boosted by the fact that 68% of the users lie between the age group 15-30 years.The emergence of low-cost airlines and online ticket booking along with growth in online railway reservation is the key in this Internet booking boom in India. With the increased trust in security of credit card transactions and online payment options, of the 90 percent of the Indians who planned and researched travel options via the internet, 15-20 percent actually booked using the Internet.The travel industry is cashing on this growth with dedicated e-commerce portals that enable customers to make online bookings and payments for hotel rooms, air tickets, car rentals as well as holiday packages.Interactive techniques like search tools targeting multiple airlines and variable airfares allow travellers to zero in on the perfect flight, coupled with search engines for sifting through the large array of hotels and booking options, are a perfect lure for the users, along with the last minute bargains and tempting discounts that have become an integral part of the internet shopping.The online travel today, brings together the best of technology and interactivity, and extensive industry network in a one-stop solution that drives down costs- all just a few clicks away.Of the 38.5 million people logged-on in India, the Travel industry accounts for over 23% of internet shopping in India, which translates into a whopping 4.8 million Indian users who venture for the Online Travel.This acceleration accentuates the travellers’ preference to directly involve themselves and control their travel choices, making Online Travel Shopping in India the most desired pre-departure tool of the day.Copyright (C) Manoj Gursahani