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

Another S&P Closing High -- Do Traders Have a Sense of Capitulation?

Another S&P Closing High -- Do Traders Have a Sense of Capitulation?

All indexes are now extremely overbought. Just wait until Janet Yellen speaks Friday.

S&P 500 Near an All-Time Closing High? I Could Care Less

S&P 500 Near an All-Time Closing High? I Could Care Less

The stock indexes are all in overbought territory and the Nasdaq and SPY will be extremely overbought on a 'green' open tomorrow.

All-Time Highs on No Buying Volume? Does It Matter Anymore?

All-Time Highs on No Buying Volume? Does It Matter Anymore?

The stock indexes are approaching all-time highs again with no volume to speak of. There is no buying conviction so buyer beware.

Stock Market Volatility Returns Along With Heavy Trading Volume

Stock Market Volatility Returns Along With Heavy Trading Volume

The stock indexes were whipsawed as triple witching option expiration and other tensions created heavy volume.

Stock Market Continues Rise While Volume Continues Fall

Stock Market Continues Rise While Volume Continues Fall

his is not a bullish scenario as the hedge funds can resume the selling at any time.

As Predicted, Stock Market Indexes Higher but on No Volume

As Predicted, Stock Market Indexes Higher but on No Volume

The stock indexes finished higher on Wednesday, as expected, with no volume. This is bearish on the margin.

Stock Market Has a Very Constructive Down Day for the Bulls

Stock Market Has a Very Constructive Down Day for the Bulls

The stock indexes closed lower on decelerating volume. That is bullish on the margin.

Stock Markets Continue Their Gains, Still on Lower Volume

Stock Markets Continue Their Gains, Still on Lower Volume

As the stock indexes continued their relief rally on Monday, the upside volume was lower versus Friday, which was lower versus Thursday.

Relieved? Stocks Aren't Out of the Bear's Woods Yet

Relieved? Stocks Aren't Out of the Bear's Woods Yet

The stock indexes closed with a strong upside bias Friday. This was expected because of the extreme oversold signal on Thursday.

Stock Market Continues 'Trend Bearish' Selloff on Accelerating Volume

Stock Market Continues 'Trend Bearish' Selloff on Accelerating Volume

Any relief rally will be met with selling.