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.
The stock indexes moved higher Wednesday on decelerating upside volume.
The stock indexes closed higher on Monday after opening on the downside and turning higher from an oversold condition.
The stock indexes tool another hit Friday on huge downside volume.
Today's selloff across the board came on huge volume.
The stock indexes continued their volatile ride as the U.S.GDP number did not provide the upside that was expected.
The stock market continues to make wild intraday swings and traders need to be extremely careful.
The stock indexes fluctuated wildly on Monday as the hedge funds trading the S&P between the daily trading range.
The stock market had a selloff Friday on increased volume.
This volatile market is not for anyone who does not have a risk management process.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
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