Product review: TradingMarkets Live Screener by Donald W. Pendergast Jr.
THE CONNORS GROUP, INC.
10 Exchange Place, Suite 1800, Jersey City, NJ 07302
Phone: 973 494-7311 or
Product: Stock-screening tool
Price: $49.94 per month or $495 for
an annual subscription
Stock and ETF screeners arenít a
new concept; there have been many
on the market for some time now.
Some come as part and parcel of trading
platforms, and others are offered as
standalone applications that can run on
your computer or in a web browser. Some
specialize in fundamental data such as P/E
ratios, earnings growth rates, return on
equity, and other key financial data, while
others focus solely on the analysis of
technical data such as moving averages,
oscillators, relative strength rankings, and
volatility, among others. One of the most
interesting and useful of the technicalsonly
online stock and ETF screeners
is offered by TradingMarkets.com. Itís
called the TradingMarkets Live Screener
and is available on a monthly or annual
subscription basis. The TradingMarkets
Live Screener enables subscribers to
analyze key technical and statistical
data in real time on a universe of the
3,500 most liquid US-traded stocks and
ETFs. Leveraged and nonleveraged ETFs
can also be utilized in all of the various
screening configurations offered within
the product (Figure 1).
Letís get a general overview of what
it is and what it can do, and then look at
several hypothetical examples of how it
can be put to potentially profitable use
by different types of technical traders in
the stock/ETF markets.