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.

Why The Best Movie Theatre Near Me Should Also Serve Dinner

At a time when I find myself trying to have it all without compromising a single thing, it would seem this attitude should involve all parts of my life, including my leisure time. As such, I’m going to say it out loud without fear of reprimand – I think that the best movie theatre near me should also serve dinner.There. I said it. Now, many of you may be wondering how in the world I could have the nerve to demand a full meal while also taking in a new, first-run movie. It all comes down to the basic idea of trying to adapt to the maniacal pace we live life at nowadays.You hear it all the time from friends, family, and co-workers. Day in and day out, there just doesn’t seem to be enough time to do anything. Whether you still use an old-school day planning calendar or are partial to the digital version on your smart phone, it feels as though we have to schedule every part of our lives so that we can dedicate some time to the endeavor at hand. It seems that even the simple pleasure of eating & watching a movie isn’t beyond the reach of our greedy schedules.So, yes, I think that the best movie theatre that I have close to me should be able to provide options for not only watching a great movie but also having an actual meal beyond the usual theatre fare. Convenience is certainly at the top of the list for this demand. I’d like to believe that being able to go two places wouldn’t be hard to do, but I also know I feel like I’m wasting time. For example, if I go have dinner, I’d say I may take an hour from start to finish. I’ll drive to the local theatre for a movie, and if I’m able to start watching fairly soon, I’m looking at about a two-hour investment. My little “dinner & a movie” just zapped about four hours of my evening. That’s a “no-go” for a busy person.I believe that being able to parlay my dinner & movie into one is also a way for the theatre to actually provide a more family-friendly environment. It may feel like a bit of generalization, but the usual theatre chain only offers snacks, which aren’t an option for a family with young kids. When it comes to the lobby & arcade area, it can create an environment that caters to more people being there and not for any reason related to checking out a movie or playing video games. By having a movie theatre that offers dinner, or rather actual food items worthy of a meal, moms & dads feel a bit more at ease in terms of what they’re serving their children. Moreover, because the lobby is more of a social area/restaurant/meeting space, there is more turnover of patrons & movement of folks coming in for a bite. One bonus item to consider is that for theatre chains choosing to go the dine-in route, some of them serve alcohol, which also contributes a bit to more regulated spaces.So, yes, I do want the best movie theatre near me to serve dinner, but it’s not because I’m trying to be difficult. When you consider the convenience it brings to the table, as well as the family-friendly atmosphere it would help foster, you, too, will wonder why this isn’t a ‘thing’ already.

Iron Fist: A Name That Tops the List of Fashion Clothing Brands

Iron Fist is a name that creates a sensation among the youths who are fascinated of streetwear. A brand that originated in California, is totally global today and is among the biggest revenue earners, in terms of clothing and footwear manufacturers. It would be better to define the Californian brand as an idea rather than a company that came out of the brains of two South African friends; Mike and Travis. Highly experienced of music, arts, surfing and skateboarding, the two friends decided to create dresses and shoes that were never seen before. Fond of the lifestyles of skateboarders and Mohicans of the past they planned to design dresses and footwear that would bring those lifestyles back to life. Their idea clicked and the brand is now highly popular across the world.Products of the brand, especially the footwear are now best sellers not only in California but across US and many other corners of the globe. Demand for Iron Fist shoes are now on high in Canada, Australia, South Africa, Middle East, UK and several other European countries. Today there are two flagship stores of the Californian brand; one in Johannesburg and one in Czech Republic. Besides, retail stores that do businesses on large-scale order for shoes of this Californian brand in bulk on a regular basis. In UK, shoes carrying the logo of this Californian brand are available largely in the shopping malls and garment stores. Available in wide range of designs and materials, the footwear provide ultimate satisfaction and comfort to the feet. If you want to make a unique style statement at a club party, then this ‘Iron’ brand is perfect for you. When the ‘Iron’ brand is on your feet, you can expect to be the trendsetter in a party.Though the brand is the brainchild of two energetic men who had a passion for male-dominated activities like surfing and skateboarding, Iron Fist never had any gender bias. The company offers a plethora of footwear of all types for women of all ages. If you are a young lady looking for a pair of gorgeous shoes that can attract eyeballs for you, then try some items of this iron brand. The best thing about your ‘iron’ deal is that along with vibrant color and unique design you buy ultimate comfort for yourself. No matter what your age is, you will certainly get something that suits your choice. Just rush to your nearest mall or shoe store and look for the models. Be sure, some gorgeous wedges, platforms, heels and booties are in wait for you there. Buy one that suits your height and feet and then enjoy a gorgeous look.