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.

Avoid Excessive Over-Charges or Unethical Business Practices

Nothing is more upsetting than receiving a statement showing hidden excess billing charges or being cheated by an unscrupulous dealer. No one likes to be taken advantage of.They may be justified or unjustified surprises, some tantamount to being classified as unethical “rip-offs”. Unfortunately, some may be accidental accounting duplications; others may be embedded surcharges that you were not aware that you would be charged for like hotel usage. Others may be fraudulent or deceptive professional services.The worst types are “scams” where unscrupulous charges are created intentionally, or planted. Some of the most notorious industries that can create excess charges are: hotels, hospitals, auto repair, veterinarians, dentists, plumbers, website designers, and computer repair technicians.Initially, be aware how you present yourself, inadvertently announcing your income status. Walking in with a Gucci bag, driving a BMW, prices can escalate.Coming from a frugal, small Dutch Iowa town, we were taught monetary principles ingrained generations back. Immigrating to the United States in the 1800s, the Hollanders wore velvet breeches and conducted business with gold coins. They soon found they were cheated wherever they went, and finally, resorted to an “unassuming-frugal-chameleon survival code”.In other words, they learned not do display their affluence, or they would be charged more in business transactions. Currently, remaining unpretentious, few drive new high end cars and do not flaunt wearing expensive apparel with flashy accessories.There is something to be said for this dictum, because if you look foolhardy, or appear pretentious with careless spending habits, you become subject to excess service rates. There is bias with older people, teens, and women, who become targets.Or, if the proprietor finds that you are in an “emergency situation”, you can be targeted, and unethical business practices may come into play.Auto repair establishments, whether in a city or out “in the middle of no-where” like rural Utah, Kansas, or Montana, will double charge if they think they can “get away with it,” when you lack alternative options and need your vehicle.We recently had our automobile towed from a near city’s hospital to a local repair garage. Then, the same week, our second car had severe mechanical problems, but luckily, happening near the garage we routinely use, so we drove the car in, limping all the way. The proprietor, knowing we were in a health-state emergency situation, gave us excessive double-cost estimates to repair the two autos.Refusing to be victimized, the next day I called several other places to compare repair rates, and had both cars towed, a second time, from one garage to the next. I saved nearly one thousand dollars by being alert and on the offense.One of the most surreptitious situations is when you unwittingly trust an unethical dentist. With many small and midsize towns becoming filled with dental competition, some find unscrupulous ways to create cash flow. They know they can get away with fraudulent work, because their colleagues will not acknowledge investigative inquiries regarding their missteps to the State Dental Board.For some time, I was fortunate to have a reputable dentist, who did fine, professional work. When he retired, I went to an acquaintance who I thought was highly regarded. Then, a minor traffic accident unfortunately loosened four front teeth. Subsequently, to stabilize the fragile teeth, my new dentist inserted four posts without root-canals, which would create abscesses. Much successive dental work would be then required, perfect cash flow. Conversely, the expected consequential plan would back-fire. The damaged teeth all abscessed simultaneously, rather than piece-meal.Was this dentist merely a bad dentist performing shoddy work? At first, it was hard to determine.Local consulted specialists were obviously appalled, but had little to say. They advised that they had never seen anything like that before, as root canals for posts were basic Dental 101. I would have to go to another state to get a true evaluation for corrective surgery.I was further dismayed when I consulted a Dental School regarding the issue, and overheard students joking about how easy it was to practice unethical dentistry without fear of repercussions. And, make good money doing it.To avoid your own dental horror story, if you question any work at any point of a procedure, find a reputable dentist, or dental school, in another state for a complete evaluation. A local second-opinion dentist will not want to reveal or try to correct any faulty work. Remaining professionally bonded with their local colleagues, they will refer you back to the dentist who created the mess.The best way to avoid hidden fees and unethical business services is to:Research the person’s or the business’ background and reputation. Go online. Talk to people (not their references who may be shams) who have used their services. Inquire within other businesses, like real estate firms, if they have conducted work with them.
Be certain you are working with the authorized decision maker or owner when making a purchase or arranging for services.
Up front, obtain second, even third opinions regarding the work to be done.
Ask questions. Obtain firm, descriptive cost estimates in writing, and establish specific guidelines up front.
Be aware of your surroundings; read body language.
Do not sign any document without carefully reading the fine print.
Carefully review all billing statements and inquire if you note discrepancies

Iridology and Nutrition, Iridology Analysis As an Indicator of a Successful Healing Process

The holistic model of medicine cannot be imagined without iridology and nutrition. In fact, iridology and nutrition are heavily interrelated and complement each other.When iridology analysis reveals inherent weakness in the digestive system or toxicity in elimination organs, it precisely means that the body’s nutrition is suffering. On the other hand, iridology analysis when provided after the prescribed nutrition program allows to assess the success of this program and to understand what else this patient needs to do to bring his mind and body back to balance.Detoxification is a key process linking iridology and nutrition together. Successful detoxification program dramatically improves nutrition and iridology analysis could be a measure of this success. It also could be the other way around. Iridology analysis can help to understand what kind of nutritional requirements the body needs and based on this knowledge, a doctor can develop a proper nutritional program to correct the nutritional deficiencies of the patient.There are three important zones in irises that we need to analyze to assess the nutrition level of the body. The first one is the humoral or assimilation zone. This zone situated just outside the digestive reflexes and gives valuable information about the normalcy or pathology of the digestive process, specifically about how food is transported and distributed. Any congestive signs in this zone could affect digestion and absorption, in turn affecting nutrition.The second important iris zone in nutrition assessment is the utilization zone. This zone shows the distribution and use of the nutrients inside of the body. Here all nutrients are put to use for all major organs. Any signs of blockage and congestion point out the disruptions of this gentle process and ultimately suggest poor nutrition.And the third iris zone we need to analyze for nutritional assessment is, of course, the elimination zone, which includes the skin and the lymphatic system. The analysis of this zone shows how effectively and quickly the body system can eliminate toxins, residues, and metabolic waste. Any signs of weakness in this area also point to trouble with the body’s nutrition.An essential part of body nutrition is mental nutrition. Lack of stress, good sleep, and a good work-life balance promote good mental nutrition. Iridology analysis can assess mental nutrition by signs of stress (like stress rings, impediments of nerve wreath, etc.) and show signs of weakness in the brain area. And this knowledge could help to prescribe proper nutrition program for a specific patient.To summarize, just as nutrition proves the value of iridology, iridology proves the value of nutrition.