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

Can the Stock Market Continue to Rise With Contrary Indicators?

Can the Stock Market Continue to Rise With Contrary Indicators?

The stock market continues to go higher against the backdrop of accelerating inflation and growth slowing indicators. What will ultimately stop the advance?

Janet Yellen Speaks and Up Goes the S&P 500: Mission Accomplished

Janet Yellen Speaks and Up Goes the S&P 500: Mission Accomplished

This overheated, bubble like stock market continues to go higher on the heels of the Federal Reserve Chair, Janet Yellen, giving the green light to buy stocks.

The Birth, Growth, Maturity and Death of the Current Bull Market

The Birth, Growth, Maturity and Death of the Current Bull Market

This bull market is getting very close to the end. It cannot continue.

The Market Rebounds on No Volume -- Buyer, Beware!

The Market Rebounds on No Volume -- Buyer, Beware!

A relief rally in the indexes provided the bulls with some renewed vigor.

Market Bears Make It Two in a Row Despite Increased Volume

Market Bears Make It Two in a Row Despite Increased Volume

Could this be the start of something bigger or just short-term profit-taking by the bulls?

Finally, a Stock Market Trading Day the Bears Can Cheer About

Finally, a Stock Market Trading Day the Bears Can Cheer About

It could've been worse if not for technology.

The Stock Market Continues Its Winning Ways for the Hedge Funds

The Stock Market Continues Its Winning Ways for the Hedge Funds

The overall volume has completely dried up as it becomes clear the only players are the hedge funds.

As the Stock Market Soars, the Bears Continue to Be Frustrated

As the Stock Market Soars, the Bears Continue to Be Frustrated

Extremely overbought conditions make chasing this momentum a recipe for disaster.

This Runaway Market Continues and There's No End in Sight

This Runaway Market Continues and There's No End in Sight

All the major indexes are now in overbought territory. The target selloff is now next week.

Like a Broken Record, the New Volume Low Just Goes On and On...

Like a Broken Record, the New Volume Low Just Goes On and On...

The S&P 500 set another all-time closing high on Wednesday along with the lowest volume of 2014. What does it all mean?