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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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5 Reasons Why An Online Business Is The Best Home Business

Over recent years, people from all walks of life have had their entrepreneurial spirit sparked into looking for the easiest business to start. The recessionary climate and increasing unemployment levels mean millions of people are waking up to the fact that they need to take control of their future. To do this, new entrepreneurs want good businesses to start so that they can generate a new and sustainable income stream.So what is the easiest business to start? It’s sensible that the best business to start will have the least expensive set up expenses, they will have services and products that people want to buy and will have the biggest possible client base. Welcome to the world of online business! It’s not a secret that a growing number of people are purchasing products and services online because of convenience, choice, cost and service. Starting up an online business and joining the thriving e-commerce world really is easiest business to start.1. Low set up costs.The beauty of starting an online business is that the start up costs are very low as compared to a conventional bricks and mortar business. Starting conventional business requires substantial investments in human resources, inventory and financial capital. Industry is becoming more information-intensive and less labour and capital-intensive.This means that more and more traditional barriers to success in business are being removed.2. You do not need to have your own products.An online business is the easiest business to start because you don’t even need to have your own products to sell. In fact, you don’t have to stock any products, set up payment systems or worry about distribution or product fulfillment. This is possible with one of the most popular and best home business models called affiliate marketing.This is where you promote and sell other people’s products. It’s like being an online commission-paid sales person. When you make a sale, you get paid a commission.The creator of the product is responsible for the whole development and fulfillment of the product. They will supply the marketing resources, manage the product delivery and follow up customer assistance. Your task is to find the customers and push them to the vendor’s online sales pages. There is an almost unlimited amount of products, services and online business ideas that you can promote this way. You can become an affiliate for services and products available on websites such as Amazon, CJ Affiliate, ClickBank or JVZoo. You can sell any products you want and receive commissions on every sale.3. Your business is open 24/7 to customers all over the world.One of the best advantages of an online business is that you can work from anywhere you want so long as you have a computer and access to the internet. The internet makes it possible for you to have customers from all over the world meaning that your business can quickly grow. You are not restricted to finding customers who live near to you. When you have an online business, your business is open all day long, 7 days a week, 365 days a year. You can literally earn money while you’re sleeping.4. Use software to your advantage.The great reasons for starting an onlne business is that a lot of tasks can be automated. For example, it is important to introduce your business to prospective customers, maintain contact and build relationships with customers and send out special offers. This can easily be done with email autoresponder marketing software that works on autopilot. An autoresponder works day and night for you, while you concentrate on other aspects of your business.5. Easy access to training.Although an online business is the easiest business to start, it’s possible that you will need guidance with certain areas at some time or another. To help you, there are a wide variety of high quality online business training programs available on the internet. Your journey to success will be quicker if you make an investment in your online business education. Remember that you can learn as you earn. Learning from a successful person who has gone before you can make a big difference to your business. They can precisely evaluate your efforts, help you make progress with your marketing and profits and explain the way around stumbling blocks.

How To Have Success In An Online Business

Developing an online business mindset is critical to the success of an online business. Your online business mindset truly sets the course of your business from day one.People join an online business expecting HUGE results in 2 point 3 seconds and that is NOT how a business of ANY kind is started and grown. A true business takes time to grow and build. There are no shortcuts of ANY kind. So in order to develop the right online business mindset, you have to take a step back and see the grand picture, especially online. Not developing their business mindset causes a lot of errorsWhat you see a lot are people who join an online business, they begin marketing it, and find no success. So then a couple weeks later, they quit that business and join another business, to find the same result. Those I call jumpers. The go from one business to another, only finding pretty much the same result. Maybe the have limited success with one business. But that was not the goal they wanted to achieve.But is that really what the problem is?Not only could it be that your online mindset is out of skew, but it also could be that one does not have the proper skills, know enough marketing methods or the strategies to use them. But rest assured that all comes from your core philosophies about online business.There is a psychological flow of how a mindset is developed, and it goes a little like this. Your core values or philosophies dictate your attitudes, how you feel or react to certain situations. Your attitudes then control what you do, or your actions. Then the actions you take control the results you find out of those action. Then your results dictate your lifestyle or your goals.Philosophy > Attitudes > Actions > Results > LifestyleMost times people jump in mid stream at the actions step and short circuit the entire mindset flow. Why, because they are too eager to get what they want…a different lifestyle. So they get in at the actions step and expect certain results. But as any business person knows there are bumps in the road that will derail you from growing your business. And because of that, eventually, because of bad results, they fall out of the online business entirely.What really has to happen is that they have to take a couple steps back and change their philosophies, their core values, to follow the flow properly. If you do not have your philosophies in the proper format, everything else that follows will fail.When you come into the flow at the actions stage, and you hit a bump in the road, and trust me there will be difficulties in an online business; the step before that, attitude, will dictate how you handle that situation.For instance, if you get in a business and you don’t get the results you want, based on your attitude, how likely are you to stay in the business, let alone be active at all?And that is the reason you see the “jumpers” out on the internet.So one has to get back to their philosophies or core values in order to have online success. Core values could be….Treat this like a business. This is not the lottery. Building an online business takes time, just like any other “real” business.Or since this is a online business, maybe I need to learn more about how to market online properly. Because online business is very much different than a “tangible” business. There are different ways to grow it for success.So if you do not see results in 2 seconds online, that does not mean that the entire online business industry is a scam. That attitude is a result of your core values or philosophies. If one had their philosophies in order, they would know that it takes time to build a business.So if things are not working right in your online business, don’t be to quick to jump to conclusions. Step back, analyze and re-tune your philosophies to get back on the success track.

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