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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: kendall harmon who wrote (75083)12/11/1999 8:45:00 PM
From: WaveSeeker  Read Replies (2) | Respond to of 120523
 
Thanks Kendall. One thing on my Christmas list is finding an advanced real-time stock screening tool that will find block trades and/or volume expansions. The problem with %Gainers and other such lists is that for all intents and purposes the stock has already made its "move".

I'm rooting for Quote.com to add technical-based alerts because that would make it a complete package. There's already a product called RadarScreen by Omega Research that does such a thing but the problem is it's a resource hog and you have to add symbols to your portfolio. The problem is that you don't exactly know which stocks are going to go in advance ;-).

There's another product called First Alert that runs on Windows NT but has been recommended by highly respected traders, but it's NT-only. Another is Insight that requires an S&P Comstock feed - again it suffers from the lack of a universal scanning feature.

There are a couple that run off PC Quote / RealTick - RIMM and SortWizard. With SortWizard, you can scan using custom formulas and get a list of candidates that's updated every several minutes or so - no alerts though.

I'm not familiar with ProScan or MetaStock Explorer, but I hear Explorer does not run in real-time very well - in fact it's not recommended.

The last thing I want to do is write my own software (left that behind many years ago), but Quote.com offers a QFeed developer's kit so you can write such a program. It seems that a combination of block trades, volume expansion, and technical breakouts would be helpful to day and swing traders. Fortunately, QFeed is a compressed feed and performance would not suffer - that is not the case with RealTick.

The search continues...