Update: New Computer Investing Products
by CI Staff
VantagePoint is trading software that helps you identify trends in various markets. Using neural network technology, technical analysis and intermarket analysis, the software finds patterns and relationships between 25 related markets and whichever market you are trading. Users purchase data for their target market and VantagePoint analyzes that data along with that of 25 related markets to try to identify current trading trends. Using pattern recognition, VantagePoint gives predictions for short-term, medium-term and long-term moving averages up to four days in the future. These indicators, patterns and data are presented on charts.
VantagePoint provides three broad groups of data: commodities, financials and stocks. The commodities category is divided into smaller sections (i.e., energy and metals) then into smaller subgroups. For example, within “energy” charts are available for heating oil, natural gas, and NY light crude. The financials category contains exchange-traded funds, indexes, and currency futures.
The stocks category contains groups based on industries—for example, the industrial goods subgroup contains individual companies such as Boeing, Caterpillar, Lockheed Martin, Northrop Grumman and Weyerhaeuser. After you pick a subgroup, a chart will appear that displays the chosen indicators. The three default indicators are medium-term trend, predicted medium-term trend and predicted neural index. Chart data ranges can be altered from two weeks up to five years and indicators or forecasts can be added—for example, medium- term crossover (a forecaster) and stochastic (an indicator). Charts can be printed or exported to Excel.
eSignal has launched a new free on-line trading system called QuoteTrader. QuoteTrader is a broker-neutral, multi-asset-class trade management and charting platform that provides simultaneous access to a user’s multiple brokerage accounts. It is powered by users’ existing brokerage datafeeds. QuoteTrader offers access to 10 brokerage firms. Essentially, this is a way to access multiple brokerage accounts in one program and make trades through the brokers using the program as opposed to the firm’s Web site or trading platform.
QuoteTrader is also compatible with eSignal’s own datafeed from Quote.com. QuoteTrader provides over 30 technical analysis tools and links to Quote.com for fundamental research and news.
The trading platform also offers access to a set of portfolio monitoring and trading tools, including a 3-D “depth of market” tool (which displays size at price, both graphically and numerically, to allow users to quickly gauge liquidity), real-time charts with over 30 technical indicators, streaming quotes, single-click order tickets, and portfolio management tools.
QuoteTrader is free after registration and there are no additional exchange fees associated with trades. After registering with a valid E-mail address, you will receive an E-mail with a link to confirm your registration and download the program. Before you install the program, you must also download and install eSignal’s Data Manager (www.esignal.com/download/dm/).
The Motley Fool
The Motley Fool is now offering free access to its discussion boards. The site offers a wide variety of boards beyond topics related to investing. Investors will find a board for most publicly traded companies. [See pages 7 and 8 of this issue for more on this and other message boards.]
Reuters has decided to discontinue both the fee-based PowerScreener 3.0 and the free PowerScreener Lite as of September 1, 2007.
MoneyShow.com has launched a new channel dedicated to active traders. The channel provides interviews, trading tips, strategies, and ways to develop your own strategies. Weekly articles are penned by full-time traders. Users have access to webcasts, podcasts, video interviews and MoneyShow.com University courses. This site is free.
Diligent Investor now offers part of its flagship investing software, Diagoran, for free on-line. The on-line tool graphs logarithmic returns and risks and charts cyclical, non-cyclical or seasonal patterns. It also highlights any recent and significant stock behavior. For cyclical stocks, the program predicts the date of the next high and low price movements.
GlobalTec has introduced Wizetrade TV, an on-line TV network for individual investors. The network provides 12 hours of live programming every trading day. Shows focus on trading pattern recognition—finding potential trades in the stock, options, currency and commodities markets. Individuals can share trading tips and strategies with other viewers and send in stock picks to be analyzed by the on-air trading teachers. The site costs $99 per month. A free 30-day trial is available.
optionsXpress, an on-line discount broker, has launched a new technical analysis and charting tool called Advanced Chart Patterns. The new tool integrates real-time market data with 36 chart patterns. You also have “one-click” access to more detailed security information as well as the trade screen. optionsXpress customers have free access to this new tool. You can open an account with optionsXpress at the broker’s Web site.
Barron’s financial magazine has revamped its Web site to offer easier access to free offerings, including video and RSS feeds. A new dual-tab feature on the homepage allows users to move easily between features. The new design also prominently highlights exclusive on-line only columns. Access to parts of Barron’s Online is free; full site access costs an extra $20 per year for print subscribers or $79 per year for non-subscribers.