The indices are plunging on Monday morning as the trade war with China intensifies. At this point, it is too late to chase shorts and too early to look for bounce plays. Our Stock of the Week is Cash. This doesn’t mean that we expect the indices to go straight down from here but this is not the time to look for bounces. We will be updating with a list of possible bounce plays as the action develops further, but for now, our Stock of the Week is Cash.
This post is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this post. Do not buy, sell or trade the stocks mentioned herein. We WILL actively trade this stock differently than discussed herein. We will sell into strength and will buy or sell at any time for any reason. We will actively trade into any unusual activity. At the time of this post, principals, employees and affiliates of Shark Investing, Inc. and/or principals, employees and affiliates of Shark Asset Management, Inc. (“SAMI”), directly or indirectly, controlled investment and/or trading accounts containing positions in Cash. To accommodate the objectives of these investing and/or trading accounts, the trading in these shares will be contrary to and/or inconsistent with the information contained in this posting.