{"id":18804,"date":"2013-03-06T13:37:08","date_gmt":"2013-03-06T18:37:08","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=18804"},"modified":"2013-03-06T13:37:08","modified_gmt":"2013-03-06T18:37:08","slug":"todays-video-newsletter-chavez-is-dead-the-dow-hits-new-highs-and-nobody-is-cheering","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/03\/todays-video-newsletter-chavez-is-dead-the-dow-hits-new-highs-and-nobody-is-cheering\/","title":{"rendered":"Today's Video Newsletter: Chavez is dead, the DOW hits new highs, and nobody is cheering"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm0306\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" alt=\"\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/12\/1pm-udate.png\" width=\"140\" height=\"161\" \/><\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;amp;mkt=blog1pm0306\" target=\"_blank\"><strong>your mid-day market update<\/strong><\/a> for Wednesday, the 6th of March.<\/p>\n<p>Venezuela's oil could be a game changer for this one stock. Hugo Chavez is dead. Venezuela's State run energy, PDVSA, is in shambles. Inflation running at a 25% annually. Venezuela has more oil reserves than Saudi Arabia. And lastly, Venezuela has some of the biggest offshore oil reserves in the world, which brings us to...<!--more--><\/p>\n<p>TransOcean <strong><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NYSE_RIG\" target=\"_blank\">(RIG)<\/a><\/strong><br \/>\nHere are two scenarios that could help TransOcean's stock price in the future.<\/p>\n<p>1. Venezuela wakes up and decides that it needs more help to develop its offshore oil reserves, the largest in the world (bearish for oil prices, good for TransOcean)<br \/>\n2. Economies around the world improve, meaning that the demand for crude oil and energy will remain strong. (bullish for oil prices, good for TransOcean)<br \/>\nEither scenario means that drilling platforms like TransOcean will be more in demand and be able to charge a premium for their services.<br \/>\nTechnical outlook: TransOcean has also broken above a long-term downtrend line, indicating that the downward trend is over and signaling that it should be moving higher. Long-term monthly Trade Triangle is positive. Target of $75-$85, trading around $53.50.<\/p>\n<p><span style=\"text-decoration: underline;\">CNBC ASIA<\/span><br \/>\nLast night I appeared on CNBC ASIA if you missed that show you can watch it <a href=\"http:\/\/video.cnbc.com\/gallery\/?video=3000152348&amp;play=1\" target=\"_blank\"><strong>here<\/strong><\/a>.<\/p>\n<p><span style=\"text-decoration: underline;\">STOCKS WORTH LOOKING AT TODAY:<\/span><br \/>\nNetflix <strong><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NASDAQ_NFLX\" target=\"_blank\">(NFLX)<\/a><\/strong> - Growing customer base. The technical trend is positive. The world of entertainment is moving into the home and onto the tablet with on-demand-anywhere services. Target of $220-$250, trading around $180.00.<\/p>\n<p>Google <strong><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NASDAQ_GOOG\" target=\"_blank\">(GOOG)<\/a><\/strong> - #1 in Smartphones, #1 in search. The technical trend is positive. Wearable Google Glasses technology. Target of $900, trading around $830.00.<\/p>\n<p>Amazon <strong><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NASDAQ_AMZN\" target=\"_blank\">(AMZN)<\/a><\/strong> - The clear leader in online commerce. With over 2 million customers, they continue to dominate the space. The technical trend is positive. Target of $300-$320, trading around $271.00.<\/p>\n<p><span style=\"text-decoration: underline;\">PAY CLOSE ATTENTION TO:<\/span><br \/>\nWISDOMTREE INDIA EARNINGS <strong><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=PACF_EPI\" target=\"_blank\">(EPI)<\/a><\/strong> is the ETF that we use to track the Indian economy.<br \/>\niSHARES MSCI ITALY INDEX <strong><a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=PACF_EWI\" target=\"_blank\">(EWI)<\/a><\/strong> is the ETF that we use to track what is going on in Italy.<\/p>\n<p>MORE CHAOS AHEAD<br \/>\nMarch 27th - Budget Resolution Expires<br \/>\nMay 19th - Debt Ceiling Suspension Expires<br \/>\nHave a great trading day, see you tomorrow.<\/p>\n<p><a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/p>\n<p><strong><em> <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm0306\" target=\"_blank\">Click Here to view today's video<\/a><br \/>\n<\/em><\/strong><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 6th of March. Venezuela's oil could be a game changer for this one stock. Hugo Chavez is dead. Venezuela's State run energy, PDVSA, is in shambles. Inflation running at a 25% annually. Venezuela has more oil reserves than [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4071,188,28,310,4817,3831,1069,23,4815,4816,1768,307,4802,2074,566,7947,4803],"class_list":["post-18804","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-adam-hewison","tag-crude-oil","tag-dow","tag-dow-hits-new-highs","tag-dx","tag-euro","tag-gold","tag-hugo-chavez","tag-hugo-chavez-dead","tag-marketclub-tips-talk","tag-precious-metals","tag-rig","tag-sp500","tag-trade-triangles","tag-trading-videos","tag-transocean"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Today&#039;s Video Newsletter: Chavez is dead, the DOW hits new highs, and nobody is cheering - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2013\/03\/todays-video-newsletter-chavez-is-dead-the-dow-hits-new-highs-and-nobody-is-cheering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Today&#039;s Video Newsletter: Chavez is dead, the DOW hits new highs, and nobody is cheering - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 6th of March. Venezuela&#039;s oil could be a game changer for this one stock. Hugo Chavez is dead. Venezuela&#039;s State run energy, PDVSA, is in shambles. Inflation running at a 25% annually. 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