Decorating home shows not only one’s skills and talent but one’s taste as well. There are innumerable minute ways of decorating home but not all have been able to find a place in the mainstream interior decoration. Let us discuss one such minute detail of decorating home.Let us review the bamboo flooring amongst various other kinds of flooring for a of a house. Flooring is an essential part of interiors as it either makes your house look chic and bigger than it actually is or it may look smaller if you do not use the right material. Bamboo flooring has caught up recently even though it has been in existence since a long time. This concept finds its origin in China and other parts of Asia but is now most widely used in the United States and Europe.This flooring is eco-friendly as it is reusable and can be recycled. Moreover, it requires minimal maintenance. If something spills it can easily be wiped off as it is moisture resistant. Other hard woods cannot be used again and so ends up getting exhausted unlike the bamboo which is here to stay. Moreover, bamboo grows faster, in three to four years, and so its availability will always be greater than the other types of wood which at an average take almost a hundred years to grow.It is durable and lasts for a long period of time and so the thinking that this kind of flooring needs to be changed regularly is incorrect. It can sustain the wear and tear which is caused as a result of daily and normal living without much difficulty. It is stronger than other woods even though it may look soft from the outside; it is like a solid rock from the inside which makes it long lasting.Bamboo can be made into different designs which immediately catch the attention of the eye and also give the home interior decoration a modern and contemporary look by adding warmth and light.

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.