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.

EzGro Garden Product Review

If you’re new to gardening and are looking for an easy way to grow organic food, I have the perfect solution for you. In this article I will give you a real-life EzGro Garden review. This was the first hydroponic system my family ever used. We were complete novices when we purchased the EzGro garden. I have to admit, this system was what started our gardening journey. After several years of enjoying strawberry harvests we were hooked! If you’re ready to learn more about the EzGro garden, read on for some great information.What is the EzGro Garden?The EzGro Garden is a simple, low-maintenance hydroponic system. EzGro Gardens are very efficient systems that require minimal space and are very low maintenance. It might surprise you to know that hydroponic systems actually use less water than soil based gardens. It’s true though.EzGro offers two different types of systems: the outdoor hanging garden and the patio garden. If you’re ready to start growing healthy, organic food right on your patio you should consider an EzGro Garden. If we can do it, you can too!EzGro Patio GardenI don’t want to leave anything out in this EzGro garden review, so let me begin by telling you about the EzGro Patio Garden. The patio garden is a compact vertical garden designed to be used on your patio or deck. It stands 4 feet tall and can grow anywhere from 20-80 plants. When you purchase the garden patio kit you will get everything you need to start growing right away. All you need to buy are seeds! Once you fill the reservoir and set the timer, this system practically runs itself. It’s fully automated. All you need to do is check the reservoir tank every 10-14 days. You simply fill the reservoir with water and add nutrients, that’s it!The cool thing about the EzGro Patio Garden is that it can be used indoors as well. So you can avoid the harsh weather in the winter if you have a sunroom or sunny window with plenty of natural light. Once you purchase the EzGro garden you will be hooked for life, just like my family. This is a lifetime system. All you’ll need to purchase in years to come are additional nutrients and seeds for growing. How great is that?Included:* 5 Quad Pots, to grow 20 to 80 plants
* 5 gallon Reservoir Base & cover
* Irrigation Pump, tubing & timer
* Diffusion Cup
* Measuring Stick
* EzGro Nutrients, 3 part mix makes approx. 50gal
* EzGro Organic growing Medium
* Directions for useEzGro Hanging GardenThere EzGro Hanging Garden is a smaller option that can be hung from a tree, balcony, patio or anywhere you would hang a planter. The system holds 12 to 48 full sized plants, and comes complete with everything you need. If you want to grow strawberries, you may want to consider purchasing the hanging strawberry garden. It includes 25 strawberry plants. So you literally need nothing to start growing right away.Included:* 3 Quad Pots, to grow from 12 to 48 plants
* Diffusion Cup
* Chain Assembly
* EzGro Nutrients, 3 part mix makes approx. 50gal
* EzGro Organic growing Medium
* DirectionsI promise you will be impressed with the quality of these products. They make growing hydroponic veggies, fruit and herbs simple. It’s so EZ (easy) you will be impressed, and the guests who visit your home will love to see your lovely garden. These systems are not only a great investment, but they are a great focal point. A growing garden is a beautiful thing. Why not get your EzGro garden today? Impress your friends and family, impress yourself. Go ahead, what are you waiting for?

Fashion Trend Alert – Keeping Up With the Latest Styles

Styles change faster than the weather, making it really challenging for the average fashion diva to know which fashion trend to follow. Are the skirts long or short this season? Are we wearing the jeans with a bootcut, or are we going for the pencil style? And what about the tops to pair with the bottoms? It’s enough to drive the fashion conscious mad, but fortunately, there is a solution to this fashion trend dilemma. Whether you like to get your fashion news online or in print, there are plenty of resources to alert you to the latest and greatest so you can look “in” whenever you head out.Magazines Print magazines may seem a little passé in an electronic world, but these publications are still one of the best ways to find out which fashion trend is in and which are most definitely out. Pick up one or two at your supermarket check out the next time you are grocery shopping or browse the newsstand for some glossy selections. Many of the magazines that were popular a decade ago are still in “Vogue”, so you are sure to see some familiar titles out there.The Internet If you spend most of your day staring at a computer screen, there is no reason why you can’t do it wearing the latest fashion trend. There are plenty of fabulous websites that will keep you up to date on what the fashion latest trends look like. Once you find the styles you love, you can even grab your credit card and point and click your way to a fashion spree online! To ensure that you really are looking at a latest fashion trend online, check the website for a current date for the posting.The Television Maybe you don’t want to look like a desperate housewife, but you can certainly learn “What not to Wear” from your own television set. There are plenty of great fashion reviews on the tube that will give you the latest news on the newest fashion trend, including ideas for accessorizing and where to go in all the latest fashions. Hair and makeup trends will also be reflected on this international medium.Keeping up with the latest and greatest fashion trend might seem like more time than you have, but there are plenty of places that you can go to quickly and easily get all of the fashion news you need. Whether you prefer to curl up in front of the television or computer or with a favorite magazine, learning about fashion trends is as easy as an evening at home.