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Neil's Morning Update - 12/30/21 - moving to Substack

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Neil's Morning Update - 12/30/21 Please excuse typos.  Mornings are tilted more international, evenings more U.S.  Continuing to try to make this more digestible for those who are not as familiar with the markets, lingo, etc.  Feel free to leave your thoughts in the comments section, they are appreciated.  Also, I don't discuss crypto extensively as I don't consider myself knowledgeable enough to talk intelligently on the subject (and there are plenty of other sources for that). As are reminder, this is a free blog I put out to try to help people get information, so no editors, etc. A small glossary.   SPX = S&P 500 Naz = Nasdaq Composite NDX = Nasdaq 100 (100 largest stocks in the Naz) RUT = Russell 2000 (smaller stocks) DMA = Daily Moving Average (the moving average over the given time period (20, 50, 100, 200 days normally)). MACD = Moving Average Convergence Divergence (basically a trend indicator) RSI = 14-day Relative Strength Index (basically what it sounds like)
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Neil's Evening Summary – December 29, 2021 - Stocks Remain On Ice For A Second Day

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Neil's Evening Summary – December 29, 2021 - Stocks Remain On Ice For A Second Day Please excuse typos.  Mornings are tilted more international, evenings more U.S.  Continuing to try to make this more digestible for those who are not as familiar with the markets, lingo, etc.  Feel free to leave your thoughts in the comments section, they are appreciated.  Also, I don't discuss crypto extensively as I don't consider myself knowledgeable enough to talk intelligently on the subject (and there are plenty of other sources for that). A small glossary.  Feel free to inquire about any other terms used.  SPX = S&P 500  Naz = Nasdaq Composite NDX = Nasdaq 100 (100 largest stocks in the Naz) RUT = Russell 2000 (smaller stocks)  DMA = Daily Moving Average (the moving average over the given time period (20, 50, 100, 200 days normally)) MACD = Moving Average Convergence Divergence (basically a trend indicator) RSI = Relative Strength Index (basically what it sounds like) Also, on my
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US DoE Crude Oil Inv (W/W) 24-Dec: -3576K (est -3233K; prev -4715K) - Massive -20mb draw across the petroleum complex (almost -50mb last three weeks)

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EIA - Summary of Weekly Petroleum Data for the week ending Dec 24, 2021  US DoE Crude Oil Inv (W/W) 24-Dec: -3576K (est -3233K; prev - 4715 K)   - Distillate: -1726K (est -59K; prev  396 K)   - Cushing: 1055K (prev  1463 K)   - Gasoline: -1459K (est -31K; prev  5533 K)  - Refinery Utilization: 0.1% (est 0.1%; prev -0.2%) Weekly Petroleum Status Report (eia.gov) US crude inventories drew down for a fifth straight week in the week through December 24th , with a third straight draw (incl SPR) of over -4.9mb (last two weeks were over -6.5mb) , drawing down by -4.9mb (incl a -1.4mb SPR release) on the back of better demand . That was slightly more than expected. Gasoline and distillates also drew more than expected. Also, all other products drew down (except fuel ethanol which was flat), including a second consecutive week of a large draw in "other oils" (which are blending components) ( -6.9mb this week and -6.7mb last week) leading to a a huge -20.5mb net draw across the pet
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