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 finished on the downside Monday as profit taking set in from all-time closing highs.
As this stock market continues its parabolic rise on air, the short hedge funds are showing signs of capitulation.
The S&P 500 Trust Series ETF's volume set a new 2014 low as the DJIA and S&P 500 set a new all-time high.
I may be the only skeptic remaining. That is just fine with me.
The stock market on Monday closed out the second quarter in mixed fashion. The DJIA is oversold while the Nasdaq is overbought.
The Fed-induced stock market bubble is coming closer to popping.
In what appeared to be a stock market rout early on, the indexes had an intraday turn and closed well off their lows on low volume.
The stock market rises as the U.S.economy continues to slow. What's happening here?
The stock indexes closed down on Tuesday after an intraday turn from the upside. The downside volume was big in comparison to the upside volume for the past month.
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