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 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.
Stocks Continue Recent Up and Down Pattern; Investors Should Wait for Clearer Buy Signal
It's important for investors to remain patient; the major indexes all declined.
Markets Are Mixed in Anticipation of Jobs Report
Gold has had its worst week in over a year, but should rebound quickly as the reality of a weakening dollar and low growth sink in.
Stocks Finish September on a High, but an October Decline Is Likely
The Dow Jones Industrial Average finished down more than 90 points in September but was up for the quarter, the fourth consecutive quarter of gains for the index.