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.

Best 10 Small Business Ideas Of 2020

Do you feel bored with your regular nine to five job and looking for starting a business? Are you looking for starting an extra earning source? Or, do you want to start a small business in full swing eyeing to make it your career?The idea of starting a business can be exciting and all it requires is time, effort, money, and a fresh idea. We can definitely help you with the ‘idea’ part.Let’s get started with 10 small business ideas of 2020 that can get you started.Cooking/Baking: This doesn’t need a huge capital. If you already have the skills, you are good to go. Make a slow start. If necessary, work from home. Select your preferred arena such as Braising, Stewing, Steaming, Baking, Roasting, Grilling, etc. Start with 2/3 items and start delivering. Everyone likes a nicely cooked home meal. Advertise within your known area and let your cooking do the rest.Tutoring: This is probably the most known source of earning, though most of us don’t try to take this on another level. 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Due to the rising popularity of customized jewelry among fashioned seeker women, this can be considered as one of the best among 10 small business ideas of 2020.Develop an app: There are apps for anything and everything these days. From finding all your essential files to finding a good night’s sleep, there is an app to the rescue. Coding skills or no coding skills, learning how to develop an app will only bring you potential business opportunities. Start with some marketing research and you are off to a great start.Translator: Now will be the time to put your language skills in use.Employment of translators is projected to grow 19 percent from 2018 to 2028 which is much faster than the average for all occupations. If you know more than one 2nd languages then you’re in luck and in great demand.Create your channel: A YouTube channel can earn around $3 to $5 per 1000 views. A successful YouTuber can earn millions by a single video. If you are up for it, this can be your only earning source as well. Hence this idea can be considered as demanding ideas among 10 small business ideas of 2020.If you have a passion for travel, standup comedy, music, dance, animation, teaching, creating, or anything of such sort, start sharing with the world.Learn about YouTube guidelines and know your tools. A decent location and a good camera can increase your chances of income.Ghostwriting: All ‘BoJack Horseman’ fans know about Diane and how she was a successful ghostwriter. She was never out of work and nor will you be if you have a passion for writing. A ghostwriter may not get credit for their work but it’s a lot of money.Many started as a normal ghostwriter and ended up having an influential career out of it. Averagely, an adept ghostwriter can net $20,000 per project and over $50,000 if the client is a celebrity. Beginners on average earn around $5,000 depending on the topic and length of any text.Freelance Content Writing: Content writing is undoubtedly one of the best among 10 small business ideas of 2020. In this age of digital marketing, content writers have their fair share of demands. If you have skill in formulating a well-structured story or article, this startup is for you.One can write content for a variety of things like Web content, Blogging, Social media, ad and sales copy, Expert, or industry writing, Journalistic/news writing, Creative writing, etc. An experienced content writer can earn up to $1000 to $5000 a month.If you already made up your mind to start a small business, that’s great! Don’t make a delay, pick up one from 10 small business ideas of 2020 above, and get prepared for a jump in the big space of business!

Finding the Best SEO Company Online

If you wanted to find a top-quality (SEO) partner, either an agency, a contractor, a consultant, or someone to handle your SEO needs, where are you going to start from? Finding the best SEO services is not a simple task, and do not put your website in danger because of poor decision making when selecting the best SEO company.Beyond the essentials of getting the best company, what about getting best SEO services that are a cut above any norm, that are done by an experienced SEO partner who is someone you will trust?Scammers manyIt must be noted that SEO is just riddled with low-quality expert providers, fakers, and scammers. As an open field (on the open net, no less) SEO is part of the untamed west. You will not at one time get sanctioning firms, and third-party companies that can vet when it comes to offering SEO services. This is the simple reasons just why anyone can get out and do SEO without knowing what works and what does not work, because you do not need a license (or even more sadly, without knowledge), the SEO industry is widespread with, honestly, crap.Tied with this reality is the truth that SEO is a blend of art and science. This makes its practitioners to a kind of hard-to-define intuitive and artful understanding of the search engines, with the hard information of analytics and metrics, semantic markup and log file parsers.SEO is based on information, on delving through the technical problem and issue solving. But its top greatest opportunities are achieved from combining its analytical side with an artful understanding of users as well as the search engines, and then making use of experienced hunches in order to gain a competitive edge.SEO is in demandProfessional SEO is in great demand. There are huge sums of money at stake, as well. Ranking and traffic improvements really mean millions of dollars for any firm’s bottom-line spending.This is what has made a market of SEO providers who are skillful when it comes to selling search engine optimization services, but then, less skilled when it comes to carrying delivering the results. Many SEO services do just little to move the bottom line of the company.How to select a quality SEO partner?
Nevertheless, it’s not really as bad as it seems to be. There are bright spots on the SEO field as well. Here are some of the tips to help you get the best SEO partner.Know what you wantIn everything that you are looking for, you should know that there are specialists as well as talents, and SEO is no different. If your website is a publisher that is need of traffic increases, you will have different requirements than when it comes to an e-commerce website that is looking for better product-level conversions. Do you need the best link building services, technical knowledge, and a premeditated partner for SEO growth? Defining what your site really needs is the very first step toward getting the best SEO partner.Ask aroundThere are chances that somebody you know has an opinion when it comes to an SEO consultant or company. Ask them. Make use of your social connections such as LinkedIn and Twitter to influence your trusted network, as well. Note that the best leads will be though the word-of-mouth and referrals from people you trust.Dip a toe in the waterDo not get afraid when it comes to asking for a pilot or a test for a specific SEO plan. This offers you an opportunity to see what will be the best SEO Company, which will bring the best on the table, and as a result, saves you up from just committing to anything while you are still unsure.