Pre Market 07:15 Update: Digesting the Moves, Oil and Cyclicals Rally: Risk On

Pre market FTSE 100 futures set strongly green showing a lift of 50 points and an open around 6370

Market globally seem to be scaling the wall of worry digesting the big moves following the announcement of Pfizer's vaccine . The US finished in the green on Friday having shown some weakness mid week. Asia rallied overnight extending the cheer into a new week

The AIM All-Share sits at 999 and looks set to break the 1000 level and new post Covid highs while the FTSE 250 cleared its previous post Covid highs last week and looks set to break 20000 this week (see charts below) having made a golden-cross last Thursday (50 MA above 200 MA)

Market sentiment shows the VIX falling back to 23 , the Fear and Greed Index move to Greed at 59 while the AAII Sentiment index shows almost 56% of investors are Bullish compared to the normal average of 38% (these are often contratina indicators and are mean reverting so caution if these become extended)

For now Risk is solidlay ON