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.

A Guide to Commercial Lighting Fixtures

Although incandescent lamps are more frequently used in residential lighting applications, some commercial lighting fixtures also used this technology. Incandescent lamps pass current through a filament, which causes the filament to give off light. Because they are relatively short lived, incandescents are used mostly as decorative commercial lighting fixtures. Their ability to render warm colors effectively without ballast makes them well suited to this application, and the enormous variety of bulb designs make them highly soft after source of any type of accent lighting or decorum based commercial lighting design.Fluorescent Lighting Fixtures
Fluorescent lamps are used extensively in commercial lighting fixtures for a number of reasons. First and foremost of these reasons is their ability to use less power than other commercial lighting fixtures, making them very cost effective from an energy conservation perspective. Fluorescent bulbs also produce a very bright light that is evenly distributed, making them ideal commercial warehouse lighting fixtures, canopy lights, security lights, in interior retail lights in discount stores where high levels of general lighting help psychologically motivate larger bulk purchases of discount merchandise.Fluorescent bulbs produce light by activating phosphors on the interior of the bulb using ultraviolet energy generated by a mercury arc. Ballast helps start and operate the fluorescent lamps by regulating electron flow through the gaseous arc. Trends in fluorescent technology have made them more compact, increasing lumens per watt efficiency as high as 100 lumens per watt, and reducing the amount of toxic mercury within the bulbs interior. Fluorescent commercial lighting fixtures are best deployed underneath building eaves (as in the case of canopy lights), near loading docks, in wall packs on the sides of buildings, or as large grocery store or warehouse lights. Placing them too far out into open spaces tends to diffuse their light output and diminish their intensity.High Intensity Discharge (HID) Commercial Lighting Fixtures
HID stands for High Intensity Discharge. It refers to a technology where light is produced by a gaseous arc discharge using a variety of elements. Typical elements include mercury vapor, metal halide, and high pressure sodium. The arc tube within an HID lamp will contain one or more of such elements, and when current passes between the electrodes at either end of the tube, the current creates an arc that generates visible light.HID lamps feature the highest efficiency in lumens per watt output and also feature a greater level of lighting control. They also last longer than other commercial lighting fixtures, making them a wise investment for a company on a Spartan budget that cannot afford to continually replace equipment. High intensity discharge sources include mercury vapor, metal halide, and high pressure sodium (HPS) lamps. Light is produced in HID and low pressure sodium (LPS) sources through a gaseous arc discharge using a variety of elements. Each HID lamp consists of an arc tube which contains certain elements or mixtures of elements which, when an arc is created between the electrodes at each end, gasify and generate visible radiation.Light Sources and Lamp CharacteristicsMercury Vapor (MV) Lighting Fixtures
Mercury vapor lights were the first HID commercial lighting fixtures developed. They were designed originally to meet a rising demand for a very compact, high output, and energy efficient source of light. They are used extensively in a number of landscape lighting applications, being commonly deployed as tree lights in high-end commercial outdoor lighting systems. In other applications they have proven somewhat less effective duo to their inferior color rendering abilities, although this has improved to a certain extent over the years by phosphor coated interior bulb walls.The life of mercury vapor lamps is good, averaging 24,000 hours for larger wattage lamps. However, because the output diminishes so greatly over time, economical operational life is often much shorter. Efficacy ranges from 30 to 60 lumens per watt, with the higher wattages being more efficacious than the lower wattages.As with other HID lamps, the starting of a mercury vapor lamp is not immediate. Starting time is short, though, taking 4-7 minutes to achieve maximum output depending upon the ambient temperature.High Pressure Sodium (HPS) Light Fixtures
High Pressure Sodium (HPS) commercial lighting fixtures gained huge popularity in the 1970s to meet the needs of a powerful, yet super efficient, source of HID lighting. Lumens per watt output in an HPS lamp can be as high as 140 lumens per watt, approximately 7 times the luminance as incandescent lamps and twice that of MV or Fluorescent. They also last for approximately 24,000 hours—the longest lamp light on the market.The problem with HPS commercial lighting fixtures has always been the quality of light they create. HPS lamps give off a yellowish or orange-tinted color and are not acceptable light sources for situations where illuminating a brand, architectural keynote, or any type of ornate exterior landscaping requires a high level of color rendering. For the most part, they are used in applications such as commercial parking garage lighting, warehouse lighting, and certain outdoor applications such as security flood lighting.Metal Halide (MH Lighting Fixtures
Metal Halide (MH) commercial lighting fixtures are fast becoming the preferred source of HID lighting in most commercial environments. This is because they produce a very bright white light that nearly equivalent to daylight in its color rendering ability. The variety of applications is significant as a result, ranging from decorative street lighting, commercial parking lot lighting, car lot lighting, outdoor landscape lighting, architectural lighting, security lighting, and general site lighting. Traditionally, their biggest drawback has been their short lamp life, only 7,500 hours on the average.Newer designs in Metal Halide commercial lighting fixtures include pulse start technology and ceramic metal halide design. These improvements have increased lumens per watt efficiency, control of the light itself through superior dimmability, better stability of color rendering, longer lamp life, and shorter start time.Unfortunately, recent legislation has called for the phase out of certain standard forms of MH commercial lighting fixtures due to their use of incendiary elements that fall under the classification of greenhouse gas sources. This in turn paves the way for the most sophisticated lighting ever developed on our world, and quite possibly, the singular source of lighting used both commercially and residentially in the very near future: LED commercial lighting fixtures.LED Commercial Lighting Fixtures
As technology improves, the ability to create truly white LED light continues to evolve. LED commercial lighting fixtures are featuring higher lumens per watt efficiencies than their initial prototypes initially offered. This has opened the door for a number of architectural lighting and site lighting applications that were previously the exclusive domain of HID commercial lighting fixtures.We are also seeing an upsurge in the use of led commercial lighting fixtures in street and roadway lighting, where a number of municipalities in the United States and Europe have reported some very promising findings in regards to both power cost reduction and the overall quality of street lighting itself.Look for quarterly leaps and bounds in the engineering gains made by LED commercial lighting fixture manufacturers.

What We Have Here Is A Failure To Communicate

The results of this past election proved once again that the Democrats had a golden opportunity to capitalize on the failings of the Trump Presidency but, fell short of a nation wide mandate. A mandate to seize the gauntlet of the progressive movement that Senator Sanders through down a little over four years ago. The opportunities were there from the very beginning even before this pandemic struck. In their failing to educate the public of the consequences of continued Congressional gridlock, conservatism, and what National Economic Reform’s Ten Articles of Confederation would do led to the results that are playing out today.. More Congressional gridlock, more conservatism and more suffering of millions of Americans are the direct consequences of the Democrats failure to communicate and educate the public. Educate the public that a progressive agenda is necessary to pull the United States out of this Pandemic, and restore this nations health and vitality.

It was the DNC’s intent in this election to only focus on the Trump Administration. They failed to grasp the urgency of the times. They also failed to communicate with the public about the dire conditions millions have been and still are facing even before the Pandemic. The billions of dollars funneled into campaign coffers should have been used to educate the voting public that creating a unified coalition would bring sweeping reforms that are so desperately needed. The reality of what transpired in a year and a half of political campaigning those billions of dollars only created more animosity and division polarizing one extreme over another.

One can remember back in 1992 Ross Perot used his own funds to go on national TV to educate the public on the dire ramifications of not addressing our national debt. That same approach should have been used during this election cycle. By using the medium of television to communicate and educate the public is the most effective way in communicating and educating the public. Had the Biden campaign and the DNC used their resources in this way the results we ae seeing today would have not created the potential for more gridlock in our government. The opportunity was there to educate the public of safety protocols during the siege of this pandemic and how National Economic Reform’s Ten Articles of Confederation provides the necessary progressive reforms that will propel the United States out of the abyss of debt and restore our economy. Restoring our economy so that every American will have the means and the availability of financial and economic security.

The failure of the Democratic party since 2016 has been recruiting a Presidential Candidate who many felt was questionable and more conservative signals that the results of today has not met with the desired results the Democratic party wanted. Then again? By not fully communicating and not educating the public on the merits of a unified progressive platform has left the United States transfixed in our greatest divides since the Civil War. This writers support of Senator Bernie Sanders is well documented. Since 2015 he has laid the groundwork for progressive reforms. He also has the foundations on which these reforms can deliver the goods as they say. But, what did the DNC do, they purposely went out of their way to engineer a candidate who was more in tune with the status-quo of the DNC. They failed to communicate to the public in educating all of us on the ways our lives would be better served with a progressive agenda that was the benchmark of Senators Sanders Presidential campaign and his Our Revolution movement. And this is way there is still really no progress in creating a less toxic environment in Washington and around the country.