Update: New Computer Investing Products
by CI Staff
The homepage of the program is fully customizable and uses a “box” format, where information is separated by boxes that can be rearranged. The default homepage has a market-timing gauge that measures market sentiment—from semi and fully bearish (red) to semi and fully bullish (green)—and a table of recent news stories.
VectorVest RealTime uses a tabbed system for quickly and easily moving from the homepage to graphs, portfolios and more.
The Viewers tab allows users to view a list of stocks and exchange-traded funds (ETFs). You can choose to view the list by industry or sector. The table shows price change; buy, sell or hold recommendations; numerous prices; price-earning ratio; earnings per share; and VectorVest’s VST rating (value, timing and safety). You can rank the list by any of the criteria in the table. A unique feature of the RealTime program is the ability to view these statistics as of a past date and time.
The program has impressive graphing capabilities as well. Customization is available for timing, dates, technical indicators, comparisons and more. A number of the indicators are available in real-time.
You can also create multiple transaction portfolios of securities. The program handles buying long, selling short and long, and covering shorts. A unique tool lets you look up intraday prices. Most programs will pull up the closing price on a specific date but with VectorVest RealTime, you can specify the time of purchase as well. This allows for more accurate pricing of stocks that have price fluctuations throughout the day. The portfolio tool also handles interest and dividend payments. For new users, a help section with links to video tutorials is a welcome feature.
OnTick’s QuoteMachine software allows you to test stock trading strategies in real time or on an end-of-day basis. The program’s homepage is fully customizable: You can add charts and fundamental data feeds, create portfolios, see numerous top- and bottom-performing NYSE and NASDAQ stocks, and more. Overall, the program offers real-time or end-of-day data on equities, indexes, and bonds as well as end-of-day options data.
The charting feature allows you to pick the chart style and parameters and choose from over 25 indicators and overlays. By right-clicking on the chart, you can add more indicators, save the chart image or export the chart data to a .csv file. Once you have created your chart, you can right-click the indicator lines to set alarms that are sent to you via E-mail and that appear in a display window in the program.
You can also create a trading model by entering basic data into the program’s form. You can choose an indicator and trading conditions and then run the model to view its theoretical performance.
Another unique feature allows you to select a basket of stocks and have QuoteMachine plot the value of that basket as if it were an individual security or index. You can also specify the weights of the stocks in the basket.
Other features include 25 years of historical data, option chains, the ability to link to your broker’s Web site for trading, a portfolio tool that offers current quotes for your stocks, and a continuous display of trades and quotes for a symbol.
QuoteMachine is not as “slick” as other real-time trading tools, but it is simple to use and offers a way to backtest trading strategies.
Analyze Stocks With Stock Research Pro
Stock Research Pro is a software program that helps users identify potential stock investments. The program uses fundamental and technical analysis tools to analyze stock data pulled from the Internet and includes portfolio management tools for testing “what-if” scenarios. Other data and tools include analyst ratings, the ability to create watchlists, and a calendar that lets you track important events related to your stocks (such as earnings announcements and dividend payments). The software costs $29.99.
DailyFX.com Adds Currency Picks
DailyFX.com, a free Web site devoted to forex investing, is now offering a daily roundtable discussion of currency picks. The site’s analysts share their trades for the day at 9:15 a.m. (Eastern). Each day a different currency product is analyzed, allowing traders to see how many analysts are bullish or bearish on the market. You can receive the updates via RSS feed as well. To access the analyst opinions, choose “Analyst Picks” from the homepage.
Stock Smart Launches Free Site
Stock Smart, a provider of market data, has launched a free Web site for investors that offers quotes, graphs, market-tracking tools, lists of best- and worst-performing stocks, company profile pages, and earnings data on over 5,000 stocks. Stock Smart also announced a reduced subscription price of $4.95 per month (compared to $14.95) for premium features including access via mobile phone or PDA, industry data and mutual fund data.
ICLUBcentral Releases Toolkit 6
ICLUBcentral has released the newest version of Toolkit, a fundamental stock analysis program. Toolkit 6 includes more portfolio and stock analysis tools and reports; the ability to download, import and update 10 years of historical data from Morningstar; improved graphing capabilities; and compatibility with Windows Vista. Toolkit 6 costs $179.99 for new subscribers and $109.99 for users of Toolkit 5.
SmartStops.net Offers Sell Alerts
The SmartStops.net Web site offers sell signals for investors to help limit losses. SmartStops are designed to help protect investors by initiating an exit strategy (typically triggered by price movements) for stocks and exchange-traded funds (ETFs). Calculations are made by using a proprietary analysis methodology that takes into account market factors and historical trends. A free portfolio can include up to three stocks or ETFs; subscriptions range from $9.95 per month for a 10-security portfolio to $39.95 per month for a 40-security portfolio. End-of-day E-mail reports are generated with SmartStops for the next trading day. QuickAlerts are E-mailed throughout the day if a stock hits its SmartStop. SmartStops can be short term or long term.
Fidelity Upgrades Web Offerings
Fidelity has enhanced its Web site features that are available to all investors for free. A new backtesting tool allows users to pick from six predefined strategies to see how they performed under various market conditions. An improved version of Wealth Lab Pro allows you to create and backtest custom trading strategies and offers more functionality and video tutorials.