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.

San Jose Costa Rica Travel and Highlights

San Jose, capital and largest city, has the best Costa Rica tours for most travelers and tourists. This city offers numerous spectacular museums, first class restaurants, and amazing night life venues. Some may think less of this city because of its urban sprawl but nevertheless, they soon found out how this city can be very entertaining especially once you’ve visited Plaza dela Cultura and Paseo Colon.Some of the fun things to do in Costa Rica can be done at the Plaza de la Cultura. It is also known as the Culture Square, is usually the place to go to shop for souvenirs, sun bathe or enjoy a night out while watching marimba bands and other entertainers including comedians or clowns, jugglers and colorfully dressed artists playing Andean music. The Paseo Colon; however, is one of the best hotels in San Jose with really accommodating and helpful staff as well as luxurious and comfortable rooms.The Jade Museum is one the most visited attractions according to Costa Rica vacation reviews, highlighting the country’s century-old artifacts and the world’s largest and renowned collection of Pre-Columbian Jade. The Costa Rican Art Museum also known as Museo de Arte Costarricense by the locals, showcases a collection of works by the country’s most celebrated artists back in the 19th and 20th centuries. Its presentation is highly impressive because of its rotating shows and sculpture collection. Most of the works are exhibited in all forms of media. The National Museum, also called the Museo Nacional, was founded in 1887 and is situated in the old fort used by the military during the civil war back in 1948. This museum displays the natural history, Pre-Columbian culture as well as history of Costa Rica.Other exciting Costa Rica tours involve the Pre-Columbian Gold Museum near downtown San Jose. The Pre-Columbian Gold Museum which is part of the Central Bank Museums is an underground cultural center that exhibits the marvelous collection of gold objects that reflect the techniques of the Pre-Columbian people in Costa Rica. The exhibition is divided into two levels: an introductory and area for orientation at the 2nd level of the structure that interprets the evolution of Pre-Columbian cultures. The metallurgy development in Costa Rica, the styles and stages are also featured in this level. The second level which is located at the 3rd level of the structure showcases the diverse uses and meanings of the gold objects. An introductory video is presented in this level before people can view the collection.The Mercado Central also the Central Market in Costa Rica is another destination where tourists go strolling about to purchase the exotic spices, fruits, vegetables and even t-shirts. There’s also a bakery and even wood and leather handicraft sold in stalls. This market consists of three blocks and is located near a train station.Most tourists check out travel agencies in Costa Rica to get the best travel packages only to visit San Jose. The best thing about this city is that most of the tourist destinations are really accessible. Many realized it’s best to explore the city on foot. But if travelers decide to travel around outside the city they can opt to go visit the Monterverde National Park considered the most visited national park in the country.An overseas travel adventure to the Monteverde National Park is only 3 to 4 hours from the capital by car; however, air travel is offered through Sansa Airlines which only takes 20 minutes. It contains the most beautiful beaches and coral reefs coupled with a superb combination of lush rain forests. The rain forest houses a diverse collection of species including monkeys, iguanas, sloths, squirrels and crabs.

Choosing the Best eCommerce Solution

Finding an ecommerce solution for your internet-based business
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information and financial information could be jeopardized.If you plan to operate a successful ecommerce website, you simply
must have an ecommerce solution that enables you to accept credit
cards. Statistics repeatedly show that the ability to accept
credit cards increases sales. Once upon a time consumers were
timid about placing orders online using a credit card; however,
with improvement to ecommerce solutions including the
availability of encrypted SSL (Secure Socket Layer) which
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to sell your products or services worldwide, an ecommerce
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you may want to consider offering other payment options. Some
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those who are still leery about ordering online, a toll free
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you to decide. The features to compare before selecting an
ecommerce solution include:1. Security2. Cost3. Speed of processing4. Variety of options for the consumer5. Ability to access your moneyWhen you choose an ecommerce solution compare these features.
Keep in mind that your ecommerce solution simply must give your
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even though there are costs associated with accepting credit
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worth the expense.