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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent

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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.

Source: Comex

Nasdaq Top Gainers and Losers

Source: Nasdaq

Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.

The Search For Great Natural Oily Skin Care Products

Do you have oily skin? Have you been searching for some great oily anti aging products specifically to deal with the problem? Let’s consider the nature of oily skin and consider a what can be done to provide good skin care to those who have it.Your skin produces it’s own natural oils. This occurs in the sebaceous glands and the natural oil produced is called sebum. For some people the production of sebum occurs at a much greater rate than for others. There are many for whom dry skin is a problem.For sufferers the result is often a film of oil across the surface of your face and sometimes an increase in acne and blackheads.There are many oily anti aging products on the market. However it’s true to say that many do not work effectively and also it is fair to say that the best products for caring for skin with too much oil are not made for skin with too much oil at all.There are several problems with mainstream big brand oily skin products. The first is that they can often contain mineral oil. This is a petrochemical product that has been linked to various health problems and skin allergies and irritation. It is used purely because it is extremely cheap.Mineral oil forms a film across the surface of the skin, clogs the pores and can lead to an increase in acne. Anyone interested in seriously good quality skin care products should always examine the label and reject any products that contain mineral oil, no matter what skin type they have.Secondly there are many anti aging products that contain alcohol. Alcohol dries your skin. If you have a problem of skin with too much oil you might think it fair to assume that anything that dries your skin must be good. In fact the reverse is true. Drying the skin actually stimulates the skin to produce more oil and can worsen the problem.Most modern anti aging products are not good for oily skin just as they are not good for other skin types. In fact the best natural oily skin care products are not manufactured for treating oily skin at all. It’s just that they use ingredients which are equally good for all skin types.Natural skin care products do not contain harsh chemical ingredients such as mineral oil and alcohol. The very best natural skin care products contain such ingredients as extracts of seaweed, specialised formulations of Coenzyme Q10 and a particular patented ingredient manufactured from the wool of sheep. These products do not encourage the overproduction of skin oils and work exceptionally well on all skin types.In fact the company that makes these products does not even manufacture oily skin products because it doesn’t need to. Rather it produces a single range of top quality skin care products that work on all skin types.So if you have oily skin there is 2 things that you need do. You need to avoid mainstream big brand skin care products that contain, in particular, mineral oil and alcohol. And you need to search for natural anti aging products containing ingredients that are effective for optimum skin care across all skin types.If you’d like to find out where to source the worlds best natural oily skin care products that aren’t oily skin care products at all visit my website.

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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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