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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 1 of 11

Another Month Over, Another Stock Market Closing High on No Volume

By Richard Gobel

The stock indexes finished the month of August at new all-time highs. August volume was one of the lowest in years.

05:40PM 08/29/14

In This Stock Market, What Goes Up Will Come Down Hard, on No Volume

By Richard Gobel

The stock indexes closed mixed on Wednesday with all indexes in extreme overbought territory. Volume set a new YTD low.

05:25PM 08/27/14

S&P 500 Hits a New High on the Lowest Volume of 2014

By Richard Gobel

This stock market continues to go higher on lower and lower volume. If that is bullish, someone needs their head examined.

05:28PM 08/26/14

Stock Market Continues Rise but That Won't Last This Week

By Richard Gobel

The stock indexes will all be extreme overbought on Tuesday if they open higher. I am looking for an intraday turn to the downside.

05:48PM 08/25/14

Nasdaq's Extreme, Overbought Signal Means It Will Go Lower Next Week

By Richard Gobel

The stock indexes closed mixed on Friday with the Nasdaq closing higher with an extreme overbought condition. It cannot stay there.

05:32PM 08/22/14

Another S&P Closing High -- Do Traders Have a Sense of Capitulation?

By Richard Gobel

All indexes are now extremely overbought. Just wait until Janet Yellen speaks Friday.

05:31PM 08/21/14

S&P 500 Near an All-Time Closing High? I Could Care Less

By Richard Gobel

The stock indexes are all in overbought territory and the Nasdaq and SPY will be extremely overbought on a 'green' open tomorrow.

05:52PM 08/20/14

All-Time Highs on No Buying Volume? Does It Matter Anymore?

By Richard Gobel

The stock indexes are approaching all-time highs again with no volume to speak of. There is no buying conviction so buyer beware.

05:12PM 08/18/14

Stock Market Volatility Returns Along With Heavy Trading Volume

By Richard Gobel

The stock indexes were whipsawed as triple witching option expiration and other tensions created heavy volume.

05:39PM 08/15/14

Stock Market Continues Rise While Volume Continues Fall

By Richard Gobel

his is not a bullish scenario as the hedge funds can resume the selling at any time.

06:47PM 08/14/14

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