Monocle - By Thom Hartle
There was a time when investors simply bought and held mutual funds. Today's sophisticated mutual fund
investor, however, wants to be able to not only monitor but analyze, screen and rank a large group of mutual
funds. Today, just historical performance is not enough. Mutual fund traders want technical and quantitative tools.
If this description fits you, then you'll want to take a good look at Monocle by Manhattan Analytics.
Monocle is a Windows-based product that downloads from a database, then tracks and maintains information on
more than 1,000 mutual funds and 30 major market indices. Monocle takes full advantage of the point-and-click
Windows interface to design, define and manage mutual fund monitoring. This program is very easy to use. If you
follow the tutorial in the manual, you'll be able to track and make trading decisions for mutual funds in no time at
You can start with the basic chart of a particular mutual fund and compare it to the performance of your selected
benchmark. For example, in Figure 1 you see the Fidelity Select Air Transportation fund compared with the
Standard & Poor's 500. Say you want to use a technical indicator. Monocle comes with technical indicators (Figure
2) to identify both trends and oscillators to aid you in identifying overbought and oversold situations. Check out
Figure 3, which shows the Fidelity Select Healthcare Fund with the relative strength line compared with S&P 500.
It has a nifty feature, in which performance statistics are shown at the bottom of the graph. That way, whatever
chart you peruse can show your favorite statistics.