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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 Benefits of Learning How to Program Computers

I still remember the excitement I felt when I wrote my first basic program on the BBC Micro at school. It was a simple four line program that drew a triangle on the screen. In the early 1980s we enjoyed playing games such as Chuckie Egg and the famous Granny’s Garden on the BBC Micro which was the first computer we were introduced to, but the real excitement was getting the computer to perform tasks in the basic programming language. Simple programs that drew shapes or printed text on the screen weren’t exactly ground-breaking but it was enough to wet my appetite for programming and set me on the path to programming games on other computers such as the Spectrum, Atari ST and Amiga.In the good old days of the Spectrum you could buy magazines which feature pre-written games in basic code that you could type into your own Spectrum and hope the program ran okay. This was a great way of learning how code works and what commands do what. Books on basic programming were also released that would take you through the basics of commands and structure, and end up programming an entire game. The satisfaction of making things happen was amazing.So what are the benefits of learning how to program computers? In my personal experience it gives you a sense of achievement to create an entire program from scratch and see it working. Working out how to get the computer to do something is challenging as you try to decide how you are going to do it. The excitement of being able to create your very own game where you make the rules. The joy of other people playing it.Programming is good for the mind as it involves problem solving. For example: how to get multiple sprites moving across the screen and dropping bullets like the famous Space Invaders game. What to do if a player does something unexpected and the game crashes, how to tell the computer how to deal with these unexpected events. I once spent over a week programming a zoom function into an Art Package I wrote which gave me a great feeling of relief when I finally got it working.Programming can also be lots of fun and a great hobby. I met some good friends when I was writing programming tutorials for various Atari ST diskzines in the 1990s who I still hear from to this day. We would send each other disks full of programming tools and routines and look forward to the many programs we could create where we were limited only by our imagination. Our creations were reviewed in the top Amiga and ST magazines of the day which is something we all looked forward to.Finally programming can become a good source of income for you. Creating your own programs can become a reality with the many excellent programming languages available such as App Game Kit which allows you to create software that runs on multiple devices. People always want new software and employers need to find programmers to create it.There are many game creator programs on the market which require no programming at all but I personally find them limiting. If you want to create your own games or application then I highly recommend you get stuck into some good old fashioned coding with one of the popular programming languages on the market today.

Discover the Truth About Guaranteed Online Personal Loans

In this world where our needs change and rapidly expand every day, guaranteed online personal loans can prove to be just the answer for most people – stay-at-home mothers who suddenly come face to face with a domestic emergency (most probably involving medical care for their children) with no income to pay the expenses, college students who run out of their allowance days or weeks before the next one comes in, lessees who desperately need to make deposits before the bank raises the mortgage, and regular employees who have spent their earnings and are now broke until the next paycheck.Guaranteed online personal loans are also called as payday loans or bad credit loans. This type of loan permits you to get money, in the form of cash, without the need to support or establish your income stream capability at the onset of the application process. This type of loan generally works to the advantage of borrowers.Although proof of a steady income is not normally required during application, it helps to have a good credit reputation; some companies require good credit rating to be able to qualify for a loan. Common requirements also include age (you must at least be 18 years old), residency (you must be a resident of the United States), and working checking accounts (you must have one because lenders usually prefer to be paid through direct deposits). But, even with a good credit rating, you might still be turned down for this type of loan. This happens when the lender receives a large number of applications and is forced to accommodate only some.However, as with all other schemes that seem too good to be true, guaranteed online personal loans also have their disadvantages. These disadvantages can be made known to interested borrowers through careful attention and study of the payment plans of the company from which they wish to borrow cash. There are risks involved in this kind of financial policy, and to get the most out of the easy benefits, you should prepare for strategies that will enable you to avoid debt and, consequently, bad credit reputation.There are also ways with which you can find out whether the company you wish to borrow cash from is trustworthy and runs a legitimate online loaning business. For one, you can read the comments posted in the feedback section of its homepage. Online sellers, from those who deal with clothes and other common items to those who offer complex services such as loans, often post a feedback section to convince their viewers of their credibility.You can also get help from consumer review services. Visit your Attorney General’s office, your state’s BBB, or banks and other high-profile lenders, and ask if there have been complaints regarding your chosen company. You can also perform triangulation, which is basically cross-referencing all the references you have gathered in order to form an estimate of the company. This process permits you to get the consensus of the industry even if you remain to be an outsider. All this will help you reach an informed decision.
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