On an ugly day for markets, here’s the S&P 500 level investors need to watch closely, says this trader [Yahoo! Finance News]
DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share) (DIDI)
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Source: Yahoo! Finance News
indeed.Some grim headline are greeting those investors who aren’t stretching out the Thanksgiving holiday into a long weekend, with news of a new COVID variant — B.1.1.529 —detected in South Africa. It’s the most heavily mutated so far, which means it could be more transmissible and less effective against variants.It’s exactly what investors didn’t want to hear as we close in on two years since the pandemic first reared its ugly head in China.Just about everything associated with risk is in the clutches of a deep selloff, which could make today’s session either a basket of bargains or a buyer-be-wary basket case.team at Saxo BankThe one mercy for Friday is that it’s a shorter session for Wall Street.Ourcall of the dayNorthman Trader, “As long as this area holds bulls are fine as this could simply be a back test of the breakout,” he said in emailed comments. “A sustained move below and bulls are in big trouble, but if that area generally holds, then I suppose a end-of-year ral
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