The next six weeks could be brutal

First, please read the Disclaimer.

Daily new cases of COVID-19 remain high, warning of further shutdowns as medical facilities are overrun.

USA: Daily COVID-19 cases

Air travel spiked upwards as more than 6 million people traveled home for Thanksgiving.


Health authorities expect the next six weeks to be brutal, with new highs in daily cases and rising pressure on hospitals.

Los Angeles: Stay-at-Home

The S&P 500 is totally disconnected, making new highs, with breakout above 3600. Bearish divergence on Twiggs Money Flow (13-week) continues to warn of long-term selling pressure.

S&P 500

Stocks above the 200-Day MA are at 90%. Reversal below 80% would warn of a sharp fall in prices.

S&P 500 Stocks Above 200-Day MA


We see US stocks as overpriced and maintain our bearish outlook, limiting exposure to growth sectors.

Quote for the Week

"We have not even come close to the peak, and as such, our hospitals are now being overrun."

~ Dr. Michael Osterholm, member of President-elect Joe Biden's Covid advisory team.


Colin Twiggs is director of The Patient Investor Pty Ltd, an Authorised Representative (no. 1256439) of MoneySherpa Pty Limited which holds Australian Financial Services Licence No. 451289.

Everything contained in this web site, related newsletters, training videos and training courses (collectively referred to as the "Material") has been written for the purpose of teaching analysis, trading and investment techniques. The Material neither purports to be, nor is it intended to be, advice to trade or to invest in any financial instrument, or class of financial instruments, or to use any particular methods of trading or investing.

Advice in the Material is provided for the general information of readers and viewers (collectively referred to as "Readers") and does not have regard to any particular person's investment objectives, financial situation or needs. Accordingly, no Reader should act on the basis of any information in the Material without properly considering its applicability to their financial circumstances. If not properly qualified to do this for themselves, Readers should seek professional advice.

Investing and trading involves risk of loss. Past results are not necessarily indicative of future results.

The decision to invest or trade is for the Reader alone. We expressly disclaim all and any liability to any person, with respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance upon the whole or any part of the Material.

Please read the Financial Services Guide.