Stock Market Software With A Monitoring Watchdog

Every now and then a new tool is created that simply blows your mind

. Well, it blew mine anyway. This tool is so good, I can't leave it alone. I love it and I think you will too. So what is it?

Before getting ahead, we would like to give you a little background. On October 8, 2010, we wrote an essay called, "Support and Resistance Analysis." In that essay, there was a relation explained how three of the guys took a very expensive trading course just to see what was going on. It cost more than five grand apiece, so when they got back, it was asked to them what they had learned. They said they learned how to trade using support and resistance analysis. Well, this is already taught that stuff in our own Technical Analysis Course, so it wasn't too overjoyed with their answer. But there was something else they said that struck. They said the software they were using had essentially no search capabilities and the graphics did not show any support and resistance lines you had to put them in yourself. Now that was a fine kettle of fish!

They had to not only find good stocks to track; they also had to sit at their computers all day long looking at graphs for trading opportunities. Needless to say, sitting at a computer all day waiting for a stock to penetrate a resistance level or bounce up from a support level was boring. We had to fix that and now we have with the Watchdog.

The Watchdog is a monitoring, alerting and documentation tool that analyzes pricing data, tick-by-tick, and checks to see if the price has met specific MACD or Support/Resistance criteria. It does all of this in a matter of milliseconds!

For example, when we turned the Watchdog on just before the market opened. The setting of the Watchdog filter to find stocks that were >= $5.00 per share with AvgVol >= 250,000 shares/day and were breaking resistance by >1%. You can also set the Watchdog to give you only one report per stock per day.

You can also received an audible alert, an email and a report on VectorVest 7 RealTime screen that GT had met the criteria of breaking a resistance level at $13.24 per share. You can right click on the report, clicked on Graph.

You will also receive seven more alerts by time to time and a total of 25 alerts will come in a day. You will be blessed with the plethora of choices. But VectorVest is not meant to overwhelm you with choices. So you can sharpen the focus of your stock filter by using WatchLists. You may use the WatchLists already in VectorVest or you can create your own. This feature opens the door to an endless array of possibilities. But that's not all.

You can also employ the Watchdog in concert with MACD crossovers. In this case, you may filter stocks from the entire database or use WatchLists as described above. What more you can do with watchdog. For example, you can use it to help manage portfolio. You can also let the Watchdog do it and don't even have to have your computer turned on. It saves time and helps to make money. No wonder you will love The Watchdog.

WATCH OUT FOR THE WATCHDOG:

The only way to really appreciate the Watchdog is to see it in action. You will be amazed how powerful and easy to use it is. Mr. Bryan Barnes will be our host and Mr. Glenn Tompkins will be making the presentation. Please visit the VectorVest University to see this week's blockbuster "Strategy of the Week" presentation: "Watch Out for the Watchdog."

Find resource to know more about stock market analysis software and stock chart analysis - http://stockanalysissoftware.blogspot.com

by: Chris Fox

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