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.
Stocks finally finished the trading week on the upside after three losing weeks in a row. But, don't get too excited.
The 2016 Bear Market has caught many bulls off guard. If they had been paying attention, this comes as no surprise
The volatility that we have been consistently warning about in 2016 has taken hold -- and not in a good way for bulls.
Traders witnessed what the entire year of 2016 will look like in one trading day on Monday, as the markets plummeted.
The Federal Reserve didn't just raise interest rates this week -- it raised the prospect of more stock market volatility.
With three trading days left before the December 16 interest rate announcement, stocks sold off on heavy volume.
With the euro soaring higher and the U.S. dollar getting crushed on Thursday, the odds favor a Federal Reserve interest rate increase December 16.
Janet Yellen sounded as hawkish as she ever has on raising interest rates in December, even though the data does not support a rate hike.
Do the Wall Street pundits have it wrong? Are the markets moving higher because there will be no rate increase?
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