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.
It's important for investors to remain patient; the major indexes all declined.
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.
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.
The Chinese Renminbi will officially become one of the world's five most important currencies on Friday.
The Federal Reserve doesn't hike interest rates and predicts 1.8% GDP growth.
SPY volume is the lowest since Sept. 8 as the Fed decides whether it will raise interest rates.
Investors should prepare for increased volatility in the markets after weeks of relative calm.
Yes, stocks bounced on Friday, but that doesn't mean the overall trend has changed.
The 2016 Bear Market continues unabated. However, the markets are due for a bounce higher within a Bearish Trend
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