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.

What We Have Here Is A Failure To Communicate

The results of this past election proved once again that the Democrats had a golden opportunity to capitalize on the failings of the Trump Presidency but, fell short of a nation wide mandate. A mandate to seize the gauntlet of the progressive movement that Senator Sanders through down a little over four years ago. The opportunities were there from the very beginning even before this pandemic struck. In their failing to educate the public of the consequences of continued Congressional gridlock, conservatism, and what National Economic Reform’s Ten Articles of Confederation would do led to the results that are playing out today.. More Congressional gridlock, more conservatism and more suffering of millions of Americans are the direct consequences of the Democrats failure to communicate and educate the public. Educate the public that a progressive agenda is necessary to pull the United States out of this Pandemic, and restore this nations health and vitality.

It was the DNC’s intent in this election to only focus on the Trump Administration. They failed to grasp the urgency of the times. They also failed to communicate with the public about the dire conditions millions have been and still are facing even before the Pandemic. The billions of dollars funneled into campaign coffers should have been used to educate the voting public that creating a unified coalition would bring sweeping reforms that are so desperately needed. The reality of what transpired in a year and a half of political campaigning those billions of dollars only created more animosity and division polarizing one extreme over another.

One can remember back in 1992 Ross Perot used his own funds to go on national TV to educate the public on the dire ramifications of not addressing our national debt. That same approach should have been used during this election cycle. By using the medium of television to communicate and educate the public is the most effective way in communicating and educating the public. Had the Biden campaign and the DNC used their resources in this way the results we ae seeing today would have not created the potential for more gridlock in our government. The opportunity was there to educate the public of safety protocols during the siege of this pandemic and how National Economic Reform’s Ten Articles of Confederation provides the necessary progressive reforms that will propel the United States out of the abyss of debt and restore our economy. Restoring our economy so that every American will have the means and the availability of financial and economic security.

The failure of the Democratic party since 2016 has been recruiting a Presidential Candidate who many felt was questionable and more conservative signals that the results of today has not met with the desired results the Democratic party wanted. Then again? By not fully communicating and not educating the public on the merits of a unified progressive platform has left the United States transfixed in our greatest divides since the Civil War. This writers support of Senator Bernie Sanders is well documented. Since 2015 he has laid the groundwork for progressive reforms. He also has the foundations on which these reforms can deliver the goods as they say. But, what did the DNC do, they purposely went out of their way to engineer a candidate who was more in tune with the status-quo of the DNC. They failed to communicate to the public in educating all of us on the ways our lives would be better served with a progressive agenda that was the benchmark of Senators Sanders Presidential campaign and his Our Revolution movement. And this is way there is still really no progress in creating a less toxic environment in Washington and around the country.

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.