As oil was tumbling for the second day in a row this morning, and losses were likely mounting at some hedge funds and institutions, a rumor hit the market. Iran might be willing to cut production. Yeah, we know this is nonsense. Iran is not going to cut production because they are arch enemies of Saudi Arabia and are funding proxy wars all over the middle east. But the rumor served its purpose. Oil surged higher and is now positive on the day. It is highly likely that there were certain hedge funds that needed to unload their massive oil contracts and were taking a beating. Usually these shady practices are reserved for options expiration week but apparently not this time. Investors should be aware this happens more than the media reports. I would welcome an indepth news story on this type of rumor release as it only serves to hurt the little investor.

By Pro-Trader

Anthony Jackson

Chipotle Mexican Grill, Inc. (NYSE:CMG) should worry investors. The stock price action has been horrid even though small investors have been buying in hopes of a turn-around. The main problem can clearly be seen in the stock chart performance. Think about it this way. With the stock market hitting new all-time highs today, why is Chipotle still at its 52 week lows. There has been no major bounce at all in the stock over the last few months. Investors need to look back at mid 2013 for the last time Chipotle traded in this range.

Any investors who are long the stock need to follow the $385 level closely. Should Chipotle trade below that point, a new major break down will begin. The downside target would be $360.00 then $250.00.

Read more: Major Problems For Chipotle Mexican Grill, Investors Beware Of Breakdown $CMG

#GopherProtocol (OTCQB: $GOPH) #SocialMedia #GPS #Game, #PUZPIX Now at http://www.puzpix.com

Download on both the Apple store and on GooglePlay under the name PUZPIX

San Diego, California, August 23 , 2016 – (Investorideas Newswire) Gopher Protocol Inc. (OTCQB:GOPH) (“Gopher” and the "Company”), a development-stage Company which specializes in the development of real-time, heuristic-based mobile technologies, and its partners, Guardian Patch LLC (“Guardian”) and Alpha EDA, LLC (“Alpha”), which previously announced on July 27, 2016 that they had completed the design and construction of version I of PUZPIX, a unique social media game based on their GOPHERINSIGHT™ integrated circuit technology, announced today that the PUZPIX website, http://www.puzpix.com/, has been launched and is fully operational.  PUZPIX can be downloaded on both the Apple store and on Google Play under the name “PUZPIX”.

Read more: Gopher Protocol ( GOPH )

Twitter Inc (NYSE:TWTR) has pulled back into major support for investors looking to buy. The exact entry would be $18.50. The current price of Twitter is $18.62, -0.36 (-1.90%). The reason for the buy level is multi-factored. Below I list them.

1. The daily 20 and 50 moving averages converge at $18.50. This forms a technical major support level called a neck-tie. When two major moving averages converge they create an epic support level.

2. The buy level of $18.50 is also a 50% Fibonacci retrace level. Fibonacci levels are huge support/resistance points on stock charts. The fact that this is at the same price as the neck-tie adds major fuel to the buy point of $18.50.

Read more: Twitter Inc Hits Stock Chart Target For Investors Looking To Buy $TWTR

Did you see the price action this past Friday in Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX)? Both stocks were down sharply even though oil was up on the day. Any intelligent investor took note of that and say "hmmm". If oil is up, in the very least both Chevron and Exxon should have been flat to positive.

Today (Monday) comes and oil tanks. Dropping around 3% on the day. The biggest drop since the start of August. So what happened here? Who was on the forefront of this drop in oil? How did they know on Friday to sell Chevron and Exxon?

Read more: Another Example Of A Rigged Stock Market: Learn This Or Lose Money $CVX $XOM $USO