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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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Conceptualizing Online Business Ideas

There are very many business ideas online. Ideas range from textile business, automotives, and restaurants to marketing ideas. You can be able to sell a lot of things using web media. Bags, apparels and shoes can be sold while there are more absurd ideas which are along the celebrity hairs and also other random things which are just crazy.Selling of silly products online using the eBay is one thing, while creating a sustainable business-online is another. So it takes you to make some evaluations when it comes to making online business ideas.Keep an eye for any arising problem which you can solve: by now, you will notice that the successful online businesses which are thriving and performing well are doing so because there is a problem they are solving for someone, somewhere.There are times when you ask yourself the some questions like ‘what are the problems which I face when doing my day-to-day business’, ‘which challenges do I face when travelling’ and any other questions. Then you answer yourself; what are the solving issues which will address my problems? Having gotten the answers, you can then know how to start a business that will be able to solve and meets the customers’ issues at hand. You will be amazed by the answers which are coming into your head and which will help you start an online business which will do great.Determine whether the idea can be performed online: this article has stated that you are likely to get very many business ideas. Nevertheless, there are those ideas which can’t match into the online world. Some are designed only to be performed manually.Pure online businesses are very different from the traditional businesses. This is because the pure online businesses will provide eBay shops and information running on advertising and affiliate income, not forgetting the number of applications available online which offer services on subscription basis. Internet makes anything possible though. You can get an idea which seems to be inapplicable but getting information and online ideas on how you can combine a thing here and another one there can lead to success of an online business which can do good stuff.Put up a website: this is the last thing to do in developing online idea. The interesting thing about getting ideas of online business online is that it will cost you more when planning than when carrying out the execution of the idea. Get the model of the business down and then start to build the website. This will help you in getting feedbacks from the customers instantaneous. Thus you will be able to address the customers’ needs as they arise.

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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.