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.

Pharmacy Search Engines – An Indispensable Tool

Over the past few years, online pharmacies have become a preferable alternative to the community drugstores. The increased degree of convenience and safety has made them an instant favorite among the consumers. However, the growth of online pharmacy business led some unscrupulous people in launching illegal websites offering below par products and services. Most patients are often lured by their tall claims and end up getting cheated by these pharmacies. The growing number of such illegal Internet pharmacies has made it difficult for the patients to track down the legitimate ones where they can place their orders.Though all legal pharmacies are licensed and approved by an external authoritative body and generally have a link on their website in support of that, it is practically a cumbersome process for the patients to scrutinize each and every pharmacy website to get a proof of their legitimacy. Under such a scenario, a pharmacy search engine can prove to be an indispensable tool for the patients.A pharmacy search engine offers an interface with a search box in it. The users need to type in the drug name in that search box and click on the search button to get a list of pharmacies dealing in that specific drug. Pharmacy/ Medicine search engines maintain a database that includes all legal and authorized pharmacies operating over the Internet and discounts all the illegal ones. On entering a drug name in the search box, the search engine checks its database and compiles a list of all the Internet pharmacies dealing in that drug. It then returns a list of such pharmacies to users along with the prices offered by them.The usage of a medicine search engine may look similar to that of the traditional search engines like Google or Yahoo. The difference is in the generated results for a search query. On a specific drug query, the traditional search engines may or may not return a result set comprising of online pharmacies. Moreover, patients can never be sure of the credibility of the pharmacies listed in the result sets, as some professionals specializing in search engine algorithms can push their positions right at the top. Pharmacy search engines, on the other hand will return more specific results showcasing various licensed online pharmacies dealing in such a drug.Such results even give an overview of the current stock status, discounts applicable and prices charged by the listed pharmacies. The patients just need to scroll through the results to find the pharmacy that complies with their requirement. A single click of the mouse on the selected result either directs them to the pharmacy website or allows them to place the order directly from the website offering such a search service.Medicine search engines serve as common platform for both the pharmacists as well as the patients. It is a media through which the online pharmacies can showcase their products vis-à-vis the other pharmacies. The patients on the other hand are assured of the credibility of the pharmacies that are returned as a result set for a specific drug query.

Proper Nutrition for Athletes

Nutrition for AthletesProper nutrition is an essential part of living a healthy life; this is even truer when considering nutrition for athletes. Athletes who are more active or are engaged in a sport need to have a well-balanced diet. Including the proper nutrition that the body needs will help you stay healthy and energized. Today, obtaining proper nutrition for an athlete is not difficult to achieve; with the help of scientists and nutritionists, there is a wide variety of nutrition plans and nutrition programs to choose from. Without the adequate nutrition, athletes can develop various diseases, and also run the risk of poor performance on the field, court or athletic event.Why is proper nutrition for athletes important?The main reason why athletes should find a nutrition program is so that they can stay healthy and prevent injuries. Recent research reports that injuries are more prevalent during the last 20-30 minutes of a game; this is because during this time the body is more fatigued and the mind becomes less concentrated. A healthy diet can help athletes build endurance not only physically, but mentally as well. Staying focused and energized throughout a game or an event can help prevent injuries.Another important reason to obtain proper nutrition is to enhance your overall performance. Despite of all the training and skills received, the only way for an athlete to reach his or her full potential is by nourishing and fueling the body. By eating healthy meals full of nutrients, vitamins, and minerals, athletes can provide their body with the adequate energy source to perform well.What should healthy nutrition for athletes include?Athletes should consider consuming a healthy diet that includes the following;Carbohydrates – Since they provide up to 50% of the energy source, carbohydrates should definitely be on top of the nutrition plan list. The more active a person is the more carbohydrates the body will use. Including proper amounts of carbohydrates in your diet will aid in your performance and strength.Water – As most know, water is necessary for life. Being well-hydrated is crucial for all human beings especially athletes. Becoming even slightly dehydrated can be extremely dangerous while you’re active. Water is needed to regulate your body temperature and protect your health.Fats – Like carbohydrates, fats are also a good source of energy. While fat is typically only used after one hour of performance, an adequate amount of fat should be included in an athlete’s diet. Lack of fat consumption can highly affect your physical activity.Protein – Once carbohydrates and fats have been used, the body will search for proteins as an alternative energy source. When extra protein is consumed, the body stores it as fat and uses it when energy is necessary.Vitamins & Minerals – Riboflavin, thiamin, and niacin are three important vitamins that should be included in an athlete’s nutritional regimen. These vitamins are required in order for the body to produce energy.How can you obtain the proper nutrition?Most people don’t have the time or patience to build their own nutrition plan. That is why special nutrition programs for athletes have been developed. These nutrition plans are made especially to help athletes improve their performance as well as their overall health. Athletes should always be careful to provide their body with the nutrients it needs to succeed.