Contents: Click on Link to View

PM Update : PMO Squeezes 30%, COVID Trade Fights back

This morning I highlighted the potential for short squeezes in oilers TLW, PMO and PFC: all of these have rallied today but stand-out performance is with PMO which opened late with an extended auction making taking a position tricky in the early liquidity. With so much stacked to the buy side on the order book, this proved portentous for the day ahead when PMO rallied 30% providing a quick intraday 25% profit opportunity.

RMS has roared back after taking a thrashing over the past two days with an RNS confirming the ongoing need for the virus destroying masks irrespective of the vaccine prognosis. The company details plans to start production with the month. RMS has rallied 130% on the news as of pixel, showing not just the fickle nature of story stocks but also the skittishness of certain parts of the markets currently. Sentiment has been ebbing and flowing drunkenly since the vaccine news and has the feel of a market that is at best metastable as pent up frustration gives way to FOMO chasing. I remain flight of foot content to take rapid profits and move on.

NYCT also recovered some lost gains up 13% at pixel

All of the UK indices strongly in green with Banks leading the charge up 3%: AIM All-Share is getting a lift from AFX following the financials as well as GROW and BRK with ASOS up over 4% while the bump in oil has lifted many of the junior oilers by double digits. We may well see another assault of the 1000 level in the AIM All-Share which should give some ideas on future direction for the small caps.

TLW: [stock_market_widget type="inline" template="generic" assets="TLW.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size:x-small" api="yf"]

PMO: [stock_market_widget type="inline" template="generic" assets="PMO.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size:x-small" api="yf"]

PFC: [stock_market_widget type="inline" template="generic" assets="PFC.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size:x-small" api="yf"]

PMO Breaks Out 30% on SHort Squeeze and High Volume

AM Update: Oil Breaks $45 and Oilers Respond

As oil continues to rally, many of the oilers are showing signs of life after a few months in the doldrums with many making multi year and all-time lows

Heavy short interest in a number of names will likely accelerate some of the price action

Today's potential Short squeezers include TLW, PFC and PMO

TLW: [stock_market_widget type="inline" template="generic" assets="TLW.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size:x-small" api="yf"]

PMO: [stock_market_widget type="inline" template="generic" assets="PMO.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size:x-small" api="yf"]

PFC: [stock_market_widget type="inline" template="generic" assets="PFC.L" markup="{name} ({symbol}) {price} ({change_pct}){last_update}" style="font-size:x-small" api="yf"]

Pre Market 07:15 Update: US Mixed, Asia Up, Oil, Copper Firm

FTSE 100 futures flat to positive, VIX drops below 25 as sentiment improves : Asian indices rallied following a mixed US session where the Dow Jones continued to rally while the NASDAQ was flat as rotation continues

Commodities remained strong overnight and held recent levels supporting the return of economic activity implications of the recent vaccine hopes.

FTSE 100 and FTSE 250 both extended gains yesterday as Travel & Leisure, Banks, Insurance, Oil and Gas and Beverages outperformed with the rally broadening

The CV 19 Predominantly AIM stocks continue to underperform with many of the Pharm stocks down double digits including RMS - see yesterday's RPG