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.
Stock market volatility remains. How's your risk management process doing?
This 2014 stock market is disfunctional. The indices are extremely volatile, with no clear direction.
The DJIA and the S&P 500 remain in overbought territory. The Nasdaq is close behind, with the Russell 2000 far behind and weak.
The Dow closed at a new 2014 high, but with lack of buying volume, traders and investors need to be cautious.
The DJIA and the S&P 500 once again led to the upside. How long can we have the DJIA and S&P vs. the Nasdaq and Russell 2000?
The stock market sold off on increasing downside volume. This was anticipated event based on action of the indexes.
Despite stellar news from Apple and Facebook, the markets went nowhere Thursday. There's a serious selloff on the horizon.
The winning streak for the Nasdaq, Russell 2000, and the S&P 500 ended on Wednesday at six days in a row. Volume was pathetic once again, which is a very bad sign.
Volume, however, continues to be a major concern on the upside.
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