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

Stocks Reverse Course From Tuesday and Close Higher in Wednesday Trading

Stocks Reverse Course From Tuesday and Close Higher in Wednesday Trading

Stocks closed higher on Wednesday but look vulnerable to a sell-off later this week.

Stocks Reverse Course and Close Lower on Continued Volatility

Stocks Reverse Course and Close Lower on Continued Volatility

Tuesday trading was suspect from the start if you look at the S&P 500 ETF's volume.

Stocks End Week Higher but Will Job Report Bring Monday Downer?

Stocks End Week Higher but Will Job Report Bring Monday Downer?

The jobs report on Friday can be a game changer.

Stocks Trending Lower to Start Second Quarter, Big Correction Looming?

Stocks Trending Lower to Start Second Quarter, Big Correction Looming?

Traders and Investors should use caution going forward.

Stock Indexes Set to Close in the Green for March and the First Quarter

Stock Indexes Set to Close in the Green for March and the First Quarter

The stock indexes should now close the month of March and the quarter on the upside as traders position for the second quarter.

Stock Indexes Will Move Higher by End of Quarter According to the Charts

Stock Indexes Will Move Higher by End of Quarter According to the Charts

After testing the low end of their respective risk ranges, the stock indexes should head higher into the end of the month.

Stock Indexes Nearing Nine Straight Quarters of Trading Higher

Stock Indexes Nearing Nine Straight Quarters of Trading Higher

Nasdaq and S&P 500 are close to nine straight quarters of closing in the green.

Fed's Signal That Rate Hike Won't Come Soon With Weak Economy Sends Stocks Higher

Fed's Signal That Rate Hike Won't Come Soon With Weak Economy Sends Stocks Higher

The Federal Reserve replaced the word 'patient' with an economy that is data dependent and serves the same purpose. Interest rates will not go up anytime soon.

Huge Market Moves to the Upside Preface Federal Reserve Meeting

Huge Market Moves to the Upside Preface Federal Reserve Meeting

The stock indexes are anticipating the Federal Reserve to continue patience and no rate hike in their FOMC communique on Wednesday.

Ready for Next Week's Fed Meeting? Expect Volatility Ahead

Ready for Next Week's Fed Meeting? Expect Volatility Ahead

Expect volatility after the Fed's open market committee statement next Wednesday as traders position for a possible rate hike.