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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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Shoe Repairs And Several Other Things When I Was 7

Shoe Repairs And Several Other Things When I Was 7
My Dad repaired most of our shoes believe it or not, I can hardly believe it myself now. With 7 pairs of shoes always needing repairs I think he was quite clever to learn how to “Keep us in shoe Leather” to coin a phrase!

He bought several different sizes of cast iron cobbler’s “lasts”. Last, the old English “Laest” meaning footprint. Lasts were holding devices shaped like a human foot. I have no idea where he would have bought the shoe leather. Only that it was a beautiful creamy, shiny colour and the smell was lovely.

But I do remember our shoes turned upside down on and fitted into these lasts, my Dad cutting the leather around the shape of the shoe, and then hammering nails, into the leather shape. Sometimes we’d feel one or 2 of those nails poking through the insides of our shoes, but our dad always fixed it.

Hiking and Swimming Galas
Dad was a very outdoorsy type, unlike my mother, who was probably too busy indoors. She also enjoyed the peace and quiet when he took us off for the day!

Anyway, he often took us hiking in the mountains where we’d have a picnic of sandwiches and flasks of tea. And more often than not we went by steam train.

We loved poking our heads out of the window until our eyes hurt like mad from a blast of soot blowing back from the engine. But sore, bloodshot eyes never dampened our enthusiasm.

Dad was an avid swimmer and water polo player, and he used to take us to swimming galas, as they were called back then. He often took part in these galas. And again we always travelled by steam train.

Rowing Over To Ireland’s Eye
That’s what we did back then, we had to go by rowboat, the only way to get to Ireland’s eye, which is 15 minutes from mainland Howth. From there we could see Malahide, Lambay Island and Howth Head of course. These days you can take a Round Trip Cruise on a small cruise ship!

But we thoroughly enjoyed rowing and once there we couldn’t wait to climb the rocks, and have a swim. We picnicked and watched the friendly seals doing their thing and showing off.

Not to mention all kinds of birdlife including the Puffin.The Martello Tower was also interesting but a bit dangerous to attempt entering. I’m getting lost in the past as I write, and have to drag myself back to the present.

Fun Outings with The camera Club
Dad was also a very keen amateur photographer, and was a member of a camera Club. There were many Sunday photography outings and along with us came other kids of the members of the club.

And we always had great fun while the adults busied themselves taking photos of everything and anything, it seemed to us. Dad was so serious about his photography that he set up a dark room where he developed and printed his photographs.

All black and white at the time. He and his camera club entered many of their favourites in exhibitions throughout Europe. I’m quite proud to say that many cups and medals were won by Dad. They have been shared amongst all his grandchildren which I find quite special.

He liked taking portraits of us kids too, mostly when we were in a state of untidiness, usually during play. Dad always preferred the natural look of messy hair and clothes in the photos of his children.

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Smart Nutrition for All

Nutrition is simply the fuel for your body’s metabolic and physiological requirements throughout your daily activities. Even though it sounds simple, it is not and unfortunately people seem to neglect the effects that proper nutrition can have on the quantity and quality of life you shall have. It is a Discipline and a Science and as all sciences must be treated with respect. Whether your goals range from general well-being to fighting a pathology or even improving athletic performance, nutrition will play its role.Undoubtedly a vital factor to human survival is food. The only source of metabolic energy that humans can process is from nutrients and bio active compounds with direct health benefits, and these come from the food that we eat. And just when some people can probably get away from natural-born diseases or environmental toxins, they cannot get away from the food they ingest and its consequences. We basically are what we eat.Benefits of NutritionAs stated previously, even if your goal is targeted around body composition, although desirable, it is not the only benefit you will enjoy.

Improvement of bio-markers

Improvement in gene expression

Improved mental focus

Reduced risk of Metabolic Syndrome

Reduced risk of Cardiovascular Disease

Reduced risk of Cancer

Improvement in the quality of life for patients undergoing cancer treatments

Improvement of Neurological disorders

Improvement of Autoimmune disorders
The list is simply too large to be included in full, needless to say that ongoing studies will bring more benefits to the surface but we will just have to wait for the data to be released. However, we see that within the range set by genetics, a person’s choice of diet influences long-term health.Why is it so Hard… ?As with any good deed in life, adopting a ”SMART ” and beneficial feeding style is hard and will drive most people crazy. We are now living in huge modern cities where food is constantly been promoted and there is simply no escape. Whereas an alcoholic can most likely come off the addiction by simply quitting the booze and avoiding the bars, the obese individual has a harder path to follow… there is simply no escape from food… It is everywhere… and it is addictive… !People decide what to eat, when to eat, how much to eat, and even whether to eat in highly personal ways based on a complex bundle of genetic, behavioral and social factors rather than on an awareness of nutrition’s importance to health.

Ethnic Heritage

Genetics

Personal preferences

Habits

Social interaction

Media

Convenience

Financial

Availability

Psychology

Religion

Lifestyle
SMART NutritionAny nutritional strategy you use to improve your health must be:

Specific: You are unique so the nutritional strategy you choose must be tailored for you and not the ripped dude you got it off from the gym. Specific data coming from you such as goals, age, weight, gender, medical history, activity levels, BMI. LBM. TEEE and previous nutritional habits are vital for creating a custom nutrition strategy.

Measurable: Any good strategy will require data in order to keep it in track, observe progress or even break plateaus. Calorie counting, calorie partitioning, weight measurements, body fat measurements and even bio markers will provide sufficient data to keep everything in check. Any protocol promising you results without the use of data, is a waste of time.

Affordable: There is no point in going on a diet that requires your whole salary to be spent on food and supplements. I know that proper nutrition is expensive but it can be tailored accordingly.

Realistic: Going on a low carb diet when you simply cannot live without carbs is not realistic neither is consuming 1.5gr/lb of protein if you are not training but decided to go on a high protein diet. Other variables such as meal timing and frequency will also need to be addressed according to your schedule

Tolerable: Diets that starve you to death at best are not tolerable let aside the metabolic damage they produce. The strategy you choose must include diet breaks, meal freedom once in a while and rewards. I hate the word cheat meal as it is of a negative nature and messes up with your psychology. A reward, is more self-fulfilling and boosts your ego!
So the next time you pick the latest diet frenzy or dogma at least make sure it fits the above requirements as we are all unique beings having specific lifestyles thereby making a ”one size fits all” kind of diet impossible to exist. By the way, do not use the term diet as it brings out negative feelings and makes the effort of sustaining a proper nutritional strategy horrific. My preferred use of words for me and my clients will be a ”nutritional strategy”. Now by simply changing from a diet to a strategy, you boost all sorts of positive feelings and suddenly you feel like a General kicking ass in war… That’s the exact kind of mental focus you will need!Summing UpI hope I did not bore you with stuff that you already know but realize that many people will need to be thoroughly educated in the areas of nutrition in order to take control of their lives. For all the science geeks out there waiting for data to be revealed, this was a general overview targeted towards the general public, but I will be analyzing several nutritional protocols with serious data in future articles, so be patient.The benefits of a proper nutritional strategy are now more evident than ever, so choosing to adopt a S.M.A.R.T Nutritional Strategy is clearly the smart way to go.Good luck with your nutritional journey.