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

S&P Flirts With Another All-Time Closing High in Lackluster Session

S&P Flirts With Another All-Time Closing High in Lackluster Session

The stock market finished higher on Tuesday with lackluster volume. No conviction on the buy side.

As Expected, the Stock Market Rebounds After Thursday's Thrashing

As Expected, the Stock Market Rebounds After Thursday's Thrashing

Indexes closed higher on lower volume Friday.

Markets Go From Wednesday's High to Getting Smashed Today

Markets Go From Wednesday's High to Getting Smashed Today

The stock indexes saw huge selling on Thursday with increased downside volume.

The DJIA Closes at Another All-time High, Led by Oil Stocks

The DJIA Closes at Another All-time High, Led by Oil Stocks

The DJIA closed at an all-time closing high while the Russell 2000 is in Trend Bearish territory.

Janet Yellen Gets Market's Volume Moving to the Downside

Janet Yellen Gets Market's Volume Moving to the Downside

The stock indexes finished lower Tuesday with a huge increase in trading volume.

Market Closes Higher Ahead of Yellen's Congressional Testimony

Market Closes Higher Ahead of Yellen's Congressional Testimony

The four major stock indices closed higher but trading volume was among the lowest of the year.

Russell 2000 Stays Down for the Day and Year as Majors Gain

Russell 2000 Stays Down for the Day and Year as Majors Gain

The stock market was higher on Friday in slow trading, but the Russell 2000 was again on the downside and negative for the 2014. This is a red flag.

Another Day, Another Selloff With Increasing Downside Volume

Another Day, Another Selloff With Increasing Downside Volume

Since last Thursday the four major indexes have seen a correction that has put them in near oversold territory.

Once Again the Stock Market Climbs Higher on Air

Once Again the Stock Market Climbs Higher on Air

All four major stock indexes were higher on Wednesday as the FOMC minutes provided support for a higher stock market.

Volume Finally Shows Up and the Stock Market Finishes in the Red

Volume Finally Shows Up and the Stock Market Finishes in the Red

A sense of panic is in the air.