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 Are The Greatest Changes In Shopping In Your Lifetime

What are the greatest changes in shopping in your lifetime? So asked my 9 year old grandson.

As I thought of the question the local Green Grocer came to mind. Because that is what the greatest change in shopping in my lifetime is.

That was the first place to start with the question of what are the greatest changes in shopping in your lifetime.

Our local green grocer was the most important change in shopping in my lifetime. Beside him was our butcher, a hairdresser and a chemist.

Looking back, we were well catered for as we had quite a few in our suburb. And yes, the greatest changes in shopping in my lifetime were with the small family owned businesses.

Entertainment While Shopping Has Changed
Buying butter was an entertainment in itself.
My sister and I often had to go to a favourite family grocer close by. We were always polite as we asked for a pound or two of butter and other small items.

Out came a big block of wet butter wrapped in grease-proof paper. Brought from the back of the shop, placed on a huge counter top and included two grooved pates.

That was a big change in our shopping in my lifetime… you don’t come across butter bashing nowadays.

Our old friendly Mr. Mahon with the moustache, would cut a square of butter. Lift it to another piece of greaseproof paper with his pates. On it went to the weighing scales, a bit sliced off or added here and there.

Our old grocer would then bash it with gusto, turning it over and over. Upside down and sideways it went, so that it had grooves from the pates, splashes going everywhere, including our faces.

My sister and I thought this was great fun and it always cracked us up. We loved it, as we loved Mahon’s, on the corner, our very favourite grocery shop.

Grocery Shopping
Further afield, we often had to go to another of my mother’s favourite, not so local, green grocer’s. Mr. McKessie, ( spelt phonetically) would take our list, gather the groceries and put them all in a big cardboard box.

And because we were good customers he always delivered them to our house free of charge. But he wasn’t nearly as much fun as old Mr. Mahon. Even so, he was a nice man.

All Things Fresh
So there were very many common services such as home deliveries like:

• Farm eggs

• Fresh vegetables

• Cow’s milk

• Freshly baked bread

• Coal for our open fires

Delivery Services
A man used to come to our house a couple of times a week with farm fresh eggs.

Another used to come every day with fresh vegetables, although my father loved growing his own.

Our milk, topped with beautiful cream, was delivered to our doorstep every single morning.

Unbelievably, come think of it now, our bread came to us in a huge van driven by our “bread-man” named Jerry who became a family friend.

My parents always invited Jerry and his wife to their parties, and there were many during the summer months. Kids and adults all thoroughly enjoyed these times. Alcohol was never included, my parents were teetotallers. Lemonade was a treat, with home made sandwiches and cakes.

The coal-man was another who delivered bags of coal for our open fires. I can still see his sooty face under his tweed cap but I can’t remember his name. We knew them all by name but most of them escape me now.

Mr. Higgins, a service man from the Hoover Company always came to our house to replace our old vacuum cleaner with an updated model.

Our insurance company even sent a man to collect the weekly premium.

People then only paid for their shopping with cash. This in itself has been a huge change in shopping in my lifetime.

In some department stores there was a system whereby the money from the cash registers was transported in a small cylinder on a moving wire track to the central office.

Some Of The Bigger Changes
Some of the bigger changes in shopping were the opening of supermarkets.

• Supermarkets replaced many individual smaller grocery shops. Cash and bank cheques have given way to credit and key cards.

• Internet shopping… the latest trend, but in many minds, doing more harm, to book shops.

• Not many written shopping lists, because mobile phones have taken over.

On a more optimistic note, I hear that book shops are popular again after a decline.

Personal Service Has Most Definitely Changed
So, no one really has to leave home, to purchase almost anything, technology makes it so easy to do online.
And we have a much bigger range of products now, to choose from, and credit cards have given us the greatest ease of payment.

We have longer shopping hours, and weekend shopping. But we have lost the personal service that we oldies had taken for granted and also appreciated.

Because of their frenetic lifestyles, I have heard people say they find shopping very stressful, that is grocery shopping. I’m sure it is when you have to dash home and cook dinner after a days work. I often think there has to be a better, less stressful way.

My mother had the best of both worlds, in the services she had at her disposal. With a full time job looking after 9 people, 7 children plus her and my dad, she was very lucky. Lucky too that she did not have 2 jobs.

Baseball Glove Repair

Baseball glove repair would really not be a concern around this time of year if players and/or parents would just perform a little bit of “routine maintenance” on their baseball gloves right after the playing season is over and then maybe a little bit more right before the beginning of the next season. But this doesn’t seem to happen that much from what I can tell.So here we are…another High School Baseball and College Baseball season. I’ve already gotten a couple of baseball gloves in the last month or so that have broken. And it’s the same thing…very, very dry leather and laces. The laces on one of these baseball gloves were so dry, hard and brittle that they didn’t even feel like leather. The laces were so stiff that it was actually a little tough pulling these laces out of some parts of the glove.The condition of your baseball glove during and after a season will somewhat depend on where you live in the country. In the southeast and southwest you probably aren’t going to see a lot of snow, ice and mud. Your glove may face very strong sun and heat, though.The baseball gloves that I have just repaired were used in the northeast part of the country which can be terrible for leather. The leather can see snow and freezing temperatures. The baseball gloves will definitely get wet and muddy. This mud and water gets ground in sometimes day after day. This water eventually strips the leather of its original oils, softness and color. Then, summer comes. The sun beats down on the glove and dries it up even more. The laces become stiff, weak and brittle. They eventually break. Sometimes parts of the glove, like the eyelets and leather holes, rip. This even happens on the good, expensive gloves that are not cared for.All of these things can mostly be avoided. Simply try to implement some of the following tips:
Clean off your baseball glove during the season when it needs it. Just a warm, damp cloth will do. Don’t soak the glove. You’re just trying to get some of the dirt off.

During the season, if the glove has seen a lot of water and then a lot of sun, you should rub in a little bit of conditioner (not any kind of oil!) and let it soak in. This will restore some of the leather’s oils, softness and color.

Most importantly, give your glove a good cleaning and conditioning after your season is over. Wipe off all of the dirt and then after the glove dries rub a good coat of conditioner into the glove. Sometimes you may have to do this two or three times if the glove soaks up all of the conditioner right away. Wipe off any excess conditioner. Your restored glove will look and feel new during the off-season.

Tighten up loose laces and definitely repair broken laces or laces that you have a good feeling will break the next season. Do it now while you have the time.

And then, right before the beginning of your next season, inspect your glove again, tighten things up if necessary, put a light coat of conditioner on. There you are! Almost a new glove again.

Believe me, these simple baseball glove repair and restore tips work. I have taken care of a catcher’s mitt for three years now…and yes, it’s up in the northeast where a catcher’s mitt takes water and mud in great amounts in some games. But this glove, after three years, feels great and looks great. The laces and leather show no signs of weakness. This is all because I religiously follow the tips above.The kid who’s glove I fixed the other day…the real dry one, says his glove looks and feels new again. He actually likes the all-black laces better than the original gray ones too. I hope he takes care of it now. But I bet I see it again someday.And I bet I’ll repair a good number of gloves starting around now. These are all of the gloves from last season that were just thrown in garages or basements with no after-season conditioning or tightening or repairing of laces.So that’s where I’ll come in…again. Baseball glove repair and restore. I do it all of the time and never once have I advertised this. It all started with one glove, as a favor, and word got out. That was about six years ago and I’m still repairing gloves today.So try to keep in mind some of these baseball glove repair and restore tips. Your glove will always be in great shape and you’ll prevent those unexpected breaks during a game…and there will be no “down time” of your favorite glove.