{"id":19270,"date":"2013-03-27T13:17:28","date_gmt":"2013-03-27T17:17:28","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=19270"},"modified":"2013-03-30T13:25:19","modified_gmt":"2013-03-30T17:25:19","slug":"todays-video-update-the-banks-in-cyprus-reopen-tomorrow-now-thats-a-scary-thought","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/03\/todays-video-update-the-banks-in-cyprus-reopen-tomorrow-now-thats-a-scary-thought\/","title":{"rendered":"Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought"},"content":{"rendered":"

\"\"<\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update<\/strong><\/a> for Wednesday, the 27th of March.<\/p>\n

The Banks in Cyprus Reopen Tomorrow \u2026 Now That's a Scary Thought<\/span>
\nNo 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.<\/p>\n

Messing with peoples' hard earned savings and attacking people who are wealthy will definitely make them move their money out of the country. The question is, where does this money go to? Asia? Under the mattress? Into gold? Or come here to the States to buy solid US companies? At the moment no one knows for sure, but we do know there could be some amazing trading opportunities.<\/p>\n

We discussed how important perception and confidence is for the markets. Unfortunately for Europe, there is no President Roosevelt to make assurances like he did in the 30s. Mario Draghi was perhaps the one person who seemed to make sense, but now that he has slipped out of the picture, everybody else seems to be bit players in this ongoing Greek tragedy. Once Europe sees what is happening, I suspect they will all begin to lose confidence in the banks and their leaders. When we see that happen, we will see accelerated downward pressure on the European banks. It would appear to this observer that the politicians may have finally run out of road to kick the can down.<\/p>\n

The Euro Falls Below 1.28<\/span>
\nWe discussed the trouble the Euro is in and today it fell below the psychological 1.28 level. We are expecting the other shoe to drop tomorrow, with the potential run on the banks in Cyprus. We would not rule out the possibility of further weakness in this market, as the contagion from Cyprus stretches out and infects the rest of Europe. The fall out could be far greater than anyone is anticipating. Yes, I understand it's a small country and yes, I understand it is only .5% of the EU, but what is bigger than all of this is the psychological impact this tiny island country could potentially have on the world markets. It is my view that this is serious and should not be ignored.<\/p>\n

Click Here to view today's video<\/a><\/em><\/strong><\/p>\n

Oil on the Move And 3 Stocks to Watch in the Oil Patch<\/span>
\nWe received a buy signal two days ago in the crude oil market with our Trade Triangle technology. For those of you who don't like to trade in the futures market, I wanted to bring three stocks to your attention today that are acting very well. All 3 stocks are in the oil patch and all three have our 3 Trade Triangles in strong upward trends.<\/p>\n

OCEANEERING INTERNATIONAL INC (OII)<\/a><\/strong> Oceaneering is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deep water applications.<\/p>\n

FMC TECHNOLOGIES INC (FTI)<\/a><\/strong> FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE\u00ae Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 18,400 employees and operates 30 production facilities in 16 countries.<\/p>\n

GULFPORT ENERGY CORP (GPOR)<\/a><\/strong> Gulfport Energy Corp is a value-driven, growth oriented oil and gas exploration and production company. Operating areas include targeted exploration and exploitation in areas with known major oil resources such as Southern Louisiana and the Permian Basin. In addition, Gulfport has also acquired acreage positions in the Niobrara Formation of Western Colorado and the Utica Shale of Eastern Ohio.<\/p>\n

Potential Chaos Ahead<\/span>
\nMarch 28th - Cyprus banks reopen
\nMay 19th - Debt Ceiling Suspension Expires<\/p>\n

Have a great trading day,<\/p>\n

Adam Hewison<\/a>
\nPresident, INO.com
\nCo-Creator, MarketClub<\/p>\n

\"Bloomberg\"<\/a> \"BNN\"<\/a> \"CNBC\"<\/a> \"FOX\"<\/a><\/p>\n

Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u2026 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 […]<\/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":[4071,188,28,310,3831,1069,147,23,7948,1768,307,2074,566,7947],"class_list":["post-19270","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-adam-hewison","tag-crude-oil","tag-dow","tag-dx","tag-euro","tag-fibonacci-resistance","tag-gold","tag-guest-bloggers","tag-marketclub-tips-talk","tag-precious-metals","tag-sp500","tag-trade-triangles","tag-trading-videos"],"yoast_head":"\nToday's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought - INO.com Trader'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-update-the-banks-in-cyprus-reopen-tomorrow-now-thats-a-scary-thought\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought - INO.com Trader'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 27th of March. The Banks in Cyprus Reopen Tomorrow \u2026 Now That's a Scary Thought No matter how the banks reopen tomorrow, it's not going to be pretty. 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