Another day, another historic record in equities!
Perhaps you’d think I’d give up shorting. Not a chance! I’m delighted to be selling into this kind of strength. I offer for your consideration Exhibit A: AutoZone. I shorted it Monday and bought puts. I covered it yesterday and sold those puts, both at a profit. With today’s strength, I am repeating Monday’s action, with the intend of holding it longer than just a day.