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 market indexes are now all in sync in Bearish Trend territory.
Within 24 hours, all of Wednesday's stock market gains were wiped out. The trend is now bearish.
The indices have had an impressive two-day run off the lows on Monday. Is this for real or a relief rally within a bearish trend?
The selling continued as both the Nasdaq and Russell 2000 have entered into Trend Bearish territory.
The DJIA and S&P 500 finally see some serious selling pressure.
The DJIA and the S&P 500 continue to outperform the Nasdaq and Russell 2000 on a daily basis. This is not good news for the intermediate term.
The S&P 500 set another all-time bubble high as the short hedge funds scrambled to buy the high after selling the low last week.
Sign up to get started or log in to see your watchlist.
Enter a symbol above to add it to your watchlist.
A confirmation email has been sent to the address provided during registration. Please click on the appropriate link to confirm your email address.