So far there have been approximately 7.5 million confirmed cases of Covid-19 across the United States according to Johns Hopkins University with California (836,152), Texas (794,319) and Florida (717,874) registering the highest totals. When it comes to cases per 100,000 people, however, things look different with Louisiana the worst impacted U.S. state. As of October 05, it had 3,620 cases per 100,000 residents, followed by Mississippi with 3,376 infections per 100,000 inhabitants and Florida with 3,336 cases per 100,000 people.
This chart shows the rate of Covid-19 cases per 100,000 residents in U.S. states.
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We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.