Richard Gobel, owner and operator of Strategic Stock Trade, 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.
Recent Articles By The Author
Stocks Close Slightly Lower With No Clear Direction
Stocks closed to the downside on Monday and are trading in a narrow range.
Investors Should Prepare for the End of the Bull Market
The S&P 500 finished the trading week at an all-time high, but there are signs that it could soon retreat.
Markets Are Poised to Head Higher Next Week
Three of the four major indexes are oversold on a weekly time frame.
Stocks Close Higher, but Low S&P Volume Suggests a Different Story Next Week
The markets threw a head fake at investors, but low volume indicates that prices will decline next week.
Stocks Catch a Bid Higher Tuesday and Now Have a Weak Buy Signal
Equities closed higher but well off their highs of the day. The indices have given a small sign to get in, but caution is warranted.