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 has no sense of direction or knows what it wants to do on a day-to-day basis.
Two months into the new year and a tug of war has developed between the bulls and bears.
Stock market bulls need to take notice of the underlying signals in the stock market that are not so bullish.
The stock market remain volatiles and the bears now have the advantage.
Better prepare for the end of the centrally planned stock market bubble.
The stock market was higher for the third day in a row on lower volume as 'Dr. Draghi's' drugs are at the forefront on Thursday.
The stock indexes need to go lower before a more sustained upside move lasts more than a day or two.
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