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Richard Gobel

Contributor

Richard Gobel, owner and operator of Strategic Stock Trades, has more than 30 years of experience in the investment business.

 

Over the past few years, he has been using technical analysis and algorithms to develop day-to-day trading strategies to make financial decisions.

 

One of the keys to his success has been seeking out extreme conditions in the action of stocks. Using those extreme set-ups has guided him in initiating long and short positions based on trading algorithms to track extreme set-ups. When a stock is at its most extreme overbought condition, it will be flashing between 99-100 on his Extreme Set-Up scale. And when it is at its most oversold condition, the stock will be flashing between 1-0.

Richard Gobel
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Page 2 of 9

Russell 2000 Stays Down for the Day and Year as Majors Gain

By Richard Gobel

The stock market was higher on Friday in slow trading, but the Russell 2000 was again on the downside and negative for the 2014. This is a red flag.

06:12PM 07/11/14

Another Day, Another Selloff With Increasing Downside Volume

By Richard Gobel

Since last Thursday the four major indexes have seen a correction that has put them in near oversold territory.

05:20PM 07/10/14

Once Again the Stock Market Climbs Higher on Air

By Richard Gobel

All four major stock indexes were higher on Wednesday as the FOMC minutes provided support for a higher stock market.

05:38PM 07/09/14

Another Trading Day Without Significant Volume Up or Down

By Richard Gobel

The stock indexes finished on the downside Monday as profit taking set in from all-time closing highs.

05:12PM 07/07/14

A Euphoric Stock Market Setting All-Time Highs Built on Air

By Richard Gobel

As this stock market continues its parabolic rise on air, the short hedge funds are showing signs of capitulation.

02:13PM 07/03/14

Another Day, Another All-Time Closing High for the DJIA and S&P 500

By Richard Gobel

The S&P 500 Trust Series ETF's volume set a new 2014 low as the DJIA and S&P 500 set a new all-time high.

05:17PM 07/02/14

More New Highs? Will This Stock Market Ever Come Down?

By Richard Gobel

I may be the only skeptic remaining. That is just fine with me.

05:23PM 07/01/14

This U.S. Stock Market Is Not Dealing in Reality as It Moves Higher

By Richard Gobel

The stock market on Monday closed out the second quarter in mixed fashion. The DJIA is oversold while the Nasdaq is overbought.

05:32PM 06/30/14

When Will the Stock Market Avalanche Finally Happen?

By Richard Gobel

The Fed-induced stock market bubble is coming closer to popping.

05:22PM 06/27/14

Page 2 of 9

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