Oil has rallied over the last two weeks substantially. In fact, after falling from $52 to $39.20, it has retraced exactly 50% back to $46.40. This is a key Fibonacci retrace resistance level. In addition, oil has also slammed into the tracking ETF $USO 50 and 200 daily moving averages. This is a multi factor short on oil level. The pull back should begin tomorrow. Get on board and enjoy the ride. I am buying SCO here, a 2x short oil ETF.
Twilio Inc (NYSE:TWLO) has major institutional distribution selling over the last two trading days. Most investors have no idea how to read this but I am here to explain it. First, notice the massive volume over the last two days. Today alone, Twilio traded over 12 million shares. The last two days have been the biggest volume the stock has seen since it IPO'ed in June 2016. The volume is coming at the all-time highs. This combination tells you there may be institutional distribution. What confirms it? Twilio over the last two days surged higher early, only to come crashing back in? This is the final signal that tells you that major institutional selling is taking place. Big smart money is selling into the average investor hype buying. Ultimately, this tells us that Twilio will collapse down, probably to $50 or lower in the coming week as soon as the small investors realize the upside is done.
Yesterday, news hit the markets that Warren Buffet had increased his stake in Apple Inc.(NASDAQ:AAPL) substantially. The stock moved higher in early trading but has since reversed and gone negative. The reason? A simple gap fill on the daily chart, plus an extended move. Instiitutional money had long since been aware of the increase in Buffet's position making the only buyers today retail investors. The bag was passed to them in early trading as institutions unloaded. Then, Apple Inc. sank. This bearish price action tells of further downside in AAPL. Expected a pull back to $105.00 at a minimum.
The S&P 500 tracking ETF $SPY opened below a key up-sloping trend line today. This trend line had held the stock market higher for the past week. With the break below, it signals a break down near term in the stock market. Over the next few days, expect the SPY to fall to $216.50 and then $214.50. Note the chart below.
Video Promo; CEO of #CypriumMining@CypriumMining(#TSX: $CUG.V) Talks about #Mining in #Mexico
Point Roberts, WA, Delta BC – August 16, 2016 – Investorideas.com, a global news source and investor resource covering actively traded sectors including mining stocks , issues a video teaser of a recent interview with Alain Lambert, Chairman and CEO of Cyprium Mining Corporation (TSX-V: CUGand CUG.DB). Also featured in the interview is Dr. Craig Gibson, Certified Professional Geologist and Qualified Person for Cyprium.
Alain talks about the background of the company, its strategy in acquiring assets and the development of the historic Potosi silver mine in Santa Eulalia, Chihuahua State, Mexico.
He also reports on the La Chinche exploration property, adjacent to the south of the Potosi silver mine. Other mining companies in the area include MAG Silver (TSX: MAG, NYSE:MAG) and Groupo Mexico, one of Mexico’s largest mining company.
