Richard Gobel

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 Continue Recent Up and Down Pattern; Investors Should Wait for Clearer Buy Signal

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

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

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.

Markets Down in September, but Could Head Upwards in Friday Trading

Markets Down in September, but Could Head Upwards in Friday Trading

The Chinese Renminbi will officially become one of the world's five most important currencies on Friday.

Fed Stays Put on Rate Hike but is Wary; Investors Should Be Cautious, Consider Gold

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

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

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

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 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

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.