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
Fed Stays Put on Rate Hike but is Wary; Investors Should Be Cautious, Consider Gold
The Federal Reserve doesn't hike interest rates and predicts 1.8% GDP growth.
Markets Wait for the FOMC Interest Rate Decision on Wednesday
SPY volume is the lowest since Sept. 8 as the Fed decides whether it will raise interest rates.
Here's Why Markets Are Likely to Move Upward Short-Term Ahead of Fed's Interest Rate Decision
Investors should prepare for increased volatility in the markets after weeks of relative calm.
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