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

This Is a Stock Market With Some Serious Volume Issues -- Watch Out!

This Is a Stock Market With Some Serious Volume Issues -- Watch Out!

The stock market on Tuesday continued the no-volume theme.

Another Day, Another Record High and Who Knows Where It Will Go

Another Day, Another Record High and Who Knows Where It Will Go

Richard Gobel's internal algorithm indicators continue to signal extreme overbought conditions.

What Happened to 'Sell In May and Go Away'?

What Happened to 'Sell In May and Go Away'?

The DJIA and S&&P 500 ended the month of May bullish. What does June hold for the markets?

In Today's U.S. Stock Market It's Only Downhill From Here

In Today's U.S. Stock Market It's Only Downhill From Here

The stock market on Thursday continued to move higher even as the 1Q GDP number was revised to a -1%.

Trading This Market Means Do Nothing and Sit on Your Hands

Trading This Market Means Do Nothing and Sit on Your Hands

This stock market in the month of May has been a short hedge fund-covering machine

Risk Is Everywhere and We're Closer to the End of This Market Run

Risk Is Everywhere and We're Closer to the End of This Market Run

Extreme overbought conditions are everywhere and the short hedge funds are nearly complete in covering at the all-time highs.

S&P 500 Sets an All-Time Closing High but It's All Smoke and Mirrors

S&P 500 Sets an All-Time Closing High but It's All Smoke and Mirrors

The magnitude of the selloff is the only question that remains.

Short-Covering Hedge Funds, the End Is Near for You!

Short-Covering Hedge Funds, the End Is Near for You!

The days are numbered for the momentum stock-chasing crowd.

This Fed-Dependent Stock Market Will End Tragically

This Fed-Dependent Stock Market Will End Tragically

It was a huge day Wednesday thanks to the release of the Fed's meeting minutes.

Don't Extend Your Stay in This Market

Don't Extend Your Stay in This Market

Two days of gains on the Dow industrials and the S&P 500 were wiped out today. This market is extremely volatile and lacks liquidity.