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
Markets Continue Setting New All-Time Highs as Extreme Overbought Condition Gets Worse
The stock market is setting itself up for quite a fall as the market is extreme overbought on all time frames.
Apple Rises Amidst Surging Markets, but Investors Shouldn't Chase the Momentum
Three of the four major indices closed at all-time highs.
Stocks Again Close at All-time Highs Thanks to Trump
Three out of four stock indexes close at all-time highs.
Markets Continue to Hover at High Levels After Mixed Trading, but a Drop-Off Seems Inevitable
The Dow Jones Industrial Average fell on Wednesday, but the S&P 500 and Nasdaq were higher.
Markets Trade in Narrow Range; Financial Sector, Bank of America Show Strength
The equity indices closed mixed on Tuesday on light volume.