Today's Video Update: Holding the euro is like holding an ice cube in the desert

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 28th of March. Which happens to be the last trading day of the 1st quarter.

HOLDING THE EURO IS LIKE HOLDING AN ICE CUBE IN THE DESERT
The only way I can describe the euro is like this... imagine you're in the middle of the desert holding an ice cube and watching it slowly melt through your fingers. That is what's happening to the euro and the euro zone. It is slowly melting away. The Trade Triangles are negative and continue to point to lower levels for the Euro v. the U.S. Dollar. A close around the 128 level will be the lowest close seen for the euro in the last three quarters. Continue reading "Today's Video Update: Holding the euro is like holding an ice cube in the desert"

Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 27th of March.

The Banks in Cyprus Reopen Tomorrow … Now That's a Scary Thought
No matter how the banks reopen tomorrow, it's not going to be pretty. We are expecting to see chaos, fighting, arrests and the media, broadcasting to the world how crowds react when they lose most, if not all, of their money. If you haven't yet read "Extraordinary Popular Delusions and the Madness of Crowds," I highly recommend it. It is a history of popular folly by Scottish journalist, Charles Mackay, first published in 1841. Continue reading "Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought"

Today's Video Update: Cyprus puts lipstick on a pig

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 25th of March.

CYPRUS PUTS LIPSTICK ON A PIG
As the world waited with baited breath this past weekend, the powers that be put together an agreement so Cyprus would not fall out of the Euro and off the face of the earth. I say, it's like putting lipstick on a pig, it still doesn't change the fact that it's a pig. The banks have serious problems in Cyprus and potentially in other countries and "putting lipstick" on the situation may look pretty, but it does not alter the real core problems with the banks. Continue reading "Today's Video Update: Cyprus puts lipstick on a pig"

Today's Video Update: Z10, Tiffany, Gold and the Weekend Worry, Cyprus

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 22nd of March.

Z10 - Does BlackBerry Have The Magic To Come Back?
Today's the day that BlackBerry begins to market its Z10 smartphone in the US. It's interesting that BlackBerry chose today, as it is the 50th anniversary of the Beatles and the first James Bond movie. Both the Beatles and the Bond franchises have performed extremely well over the years. The question now is can Blackberry resurrect itself as a leading contender in the smartphone market? The US accounts for 20% of BlackBerry sales and this number either has to stay or grow from here. The key to BlackBerry stock is holding onto and growing its customer base. I think that's going to be an awfully hard challenge given the Android and Apple's iOS stranglehold on the US markets. Today we will be looking at the stock of BlackBerry to see just how well our Trade Triangle technology did in capturing the moves so far in this once shining star. Continue reading "Today's Video Update: Z10, Tiffany, Gold and the Weekend Worry, Cyprus"

Today's Video Update: March Madness may not be about basketball this year

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 21st of March.

March Madness, May Really Be, March Madness
The NCAA basketball "March Madness" season starts today at noon, ET, however the March madness I am referring to has nothing to do with basketball.

The events in Cyprus and the ramifications it could have for the rest of the EU could be chaotic. Suddenly, there are no adults in the room, and once again we are seeing Russia jump into the fray with all kinds of loan deals, gas deals and donkey deals. How does all this Russian input complicate Cyprus? In my opinion, it presents a massive complication as Russia is not part of the EU and yet they are in the thick of things meddling in what is majorly an EU problem. The Russian interest is from all the money that's deposited from Russia in the banks of Cyprus. This saga has a lot more room to play out and if it is not contained, it has the potential to create a real ripple effect through Europe. Continue reading "Today's Video Update: March Madness may not be about basketball this year"