Prophesy Sell Alert: Take a 10% Gain on VYM Calls

Our VYM calls have surged higher this morning on positive vaccine news from Pfizer. The nature of this rally is very similar to another vaccine-driven rally that occurred last June. That rally faded quickly, and this one is also likely to fade. So, let’s sell this position at a gain today.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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