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.
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.