1.8.24 On this video I did a quick review of the dollar, Oil, gold, The Russell, the es which I would not trade right now. This is more about looking at gaps and support resistance areas... for Scalp Trades.
Reallyyy appreciate the Video Scott, I bought shares of Exxon Friday and today dropped 3%+ with Oil just dropping today 4%, How long would u say for Oil To Test $76 again?
ScottBogatin
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@amir_xh, I appreciate your kind words. I try to keep up with oil on my posts. Every now and then I look at Exxon but I never trade Exxon. however if you were not adverse to trading the futures markets, especially if you hold a long position in a company such as exxon... I could see trading futures... even the small contract which is liquid enough...scalp the futures market as a buyer and a seller... as a kind of Arbitrage between a long-term position in the equity markets with Shorter term positions in the futures market. I suggest this even though I don't do it because I don't hold equity positions in the equity markets. it's easy to go long and short in the future's markets, But it is not nearly as safe to short The equities market which I have done in the past. One of the problems with equity markets is that you have to contend with wash rules and other problematic issues... and sometimes Your brokers may not have shares of equities to loan to you.... at your cost... which is a real issue if you're shorting Exxon and the market doesn't even go lower but stays where it is.... you still have to pay the broker for the loan. This is not an issue in the future's market. I can't promise that I'll look at exxon for you.... because I decided last year to cut back on the number of videos that I do in order to use my time more effectively.... but I will see what I could do at least one time.