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.

Payday Loans, Quick And Effective

Do you need cash quick? Are you going through a financial bind? Well there are may different solutions out there for you. You can cut some other costs around the house to be able to get some cash. You could always sell something around the house that you haven’t been using lately too. If you don’t get too embarrassed you could get a loan from a family or friend.These are all possible solutions for you. For some people these are all great solutions. For others, they may need the cash more urgently and don’t have friends and family to get cash from. In this case then you may wish to get involved with payday loans.Payday loans are a great solution for many financial problems that you may face. The way it works is that you can get a quick loan of around 200 dollars to a thousand dollars within minutes. Very little information and things are required. There is no long sheets of paper to fill out with tons of information either.Its simple, they simply need your basic information (telephone number, address) which takes minutes to complete. As long as you are at least 18 years of age you qualify for these loans. Cash can be in your hand in minutes!These loans are especially useful if you are in a stressful situation. Something that could be stressful might be a car accident where you need a new car soon or possibly some medical expenses. Or maybe you simply need some extra cash to get you by until your next pay check.Whatever the case may be, these loans definitely come in handy. After you fill in the basic information needed you will be able to get your cash within 24 hours time! Now imagine if you were to go to a bank for this. If you went to a bank then you would need to fill out mounds of paperwork. They will do a long credit check to see if you qualify and maybe they wont even want to lend you such a small amount of money. In the end you may not even qualify for the loan.After you have the cash in hand you will just need to make sure that you pay it all back about one month later. If you are looking to save time as much as you can you can try payday loans online. You can get instant payday loans just as easy online as you would in person. Except you won’t have to leave the convenience of your own home. If you have bad credit then don’t worry, bad credit loans are not a problem for payday lenders such as Moneytree and cheque to cashIf you were to do it online you could even get the cash directly deposited into your bank account. This is called savings account payday loans. This can come in real handy if you are not able to leave your home. More and more people are doing their loans online now because of its high convenience. Don’t worry about leaving your home because you can get it all online now.There are numerous reasons why you should consider getting the right payday loan for you. The payday lenders can be very flexible if you are needing some extra help. Don’t worry about so much regulations and forms to fill out like you would have to at a bank. You can work with the payday loans members to get the right plan for you. It is called a payday loan because you get the loan and it is designed for you to pay back after your next payday. So, all in all this is the process.You go down to a payday loan service or go online. Fill out about 2 minutes worth of basic documents which only require that you have a job and are 18 years of age. After the papers are filled out you can get the cash within 24 hours. The members are nice and helpful and will help you get started. Just tell them the problem and they will help you work out something. It’s that simple. Learn more about it all now and overcome your financial hurdles!

Northern Michigan Exciting Travel and Vacation Ideas on a Budget

Northern Michigan is the perfect travel and vacation destination with something to offer for everyone: Golfing, fishing, hiking, boating and other water activities to name just a few. With so much to offer and so much to see, making your vacation plans could be complicated, and with travel expenses and the price of gas higher than in more recent years, getting the most for your vacation dollar is important.Choose Boyne FallsMaking Boyne Falls, Michigan your travel and vacation destination will give you and your family more things to see and do in Northern Michigan and save money.o    Boyne Falls is centrally located to hundreds of the most popular vacationing activities.o    Only 6 miles from Lake Charlevoix, offering free boat launching, with plenty of free parking right on the lake.o    Minutes away from shopping, and dinning choices offering tasty burgers to exquisite fine dinning.o    Only 50 miles away from the Mackinaw Bridge.o    Home to the Annual Polish Festival held the First week of August.o    Boyne City Morel Mushroom festival.o    Close to dozens of Northern Michigan wineries.o    Enjoy golfing on some of the most popular courses in all of Michigan.o    Access to hiking, biking, fishing and almost endless possibilities of other fun and exciting things to see and do.The winter season is just as exciting and popular for your next vacation plan as well. Boyne Falls is located right next to Boyne Mountain and less than 30 minutes away from Nub’s Nob, and many other exciting snow skiing and winter sports locations. There is even hundreds of miles of action packed snowmobile trails that start in the Boyne Falls area.Comfortable Inexpensive LodgingThe focus of your vacation is going out and doing and seeing things, and the cost of lodging shouldn’t be a burden to your budget. By staying in Boyne Falls you can save hundreds of dollars on lodging, and get all of the creature comforts that those higher prices hotel chains offer at almost double the price. There are many local motels in the area that offer the same amenities as the more higher prices hotel and motel chains, but change up 60% less, and with savings like that you put that money back in your pocket where it belongs and have more money available to see and do more on your vacation!The bottom line in planning your vacation is to get the most value for your money and open up your options for sightseeing, and just having more fun, and Boyne Falls can make all of that a reality for less money and offering more fun all at the same time!o    3 airports super close, with one right in town, one 6 miles away in Boyne City, and Pellston Regional Airport only 35 miles away serving many major airlines companies.o    Access to local rental cars, boats, jet skis, bicycles.o    A large variety of shops and stores for your convenience.o    Perfectly located to all of the areas more popular tourist, and sightseeing attractions.There is truly something for everyone in Boyne Falls. Isn’t it time you vacationed in Boyne Falls Michigan?