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
Why Friday's Bounce Didn't Derail the Bearish Trend in Stocks
Yes, stocks bounced on Friday, but that doesn't mean the overall trend has changed.
The Bear Continues and Is Getting Deeper
The 2016 Bear Market continues unabated. However, the markets are due for a bounce higher within a Bearish Trend
To the Perma-Bulls Out There: We Are in a Bear Market
If you think the stock market is trying to find a bottom, think again. We are not even close.
Stocks Close Higher to End Three-Week Losing Streak
Stocks finally finished the trading week on the upside after three losing weeks in a row. But, don't get too excited.
Has This Market Hit Bottom? Not Even Close
The 2016 Bear Market has caught many bulls off guard. If they had been paying attention, this comes as no surprise