Market resources
Chances are you have noticed the very similar charts in each blog posts. In this post I’ll outline where the best online resources can be found for investment data.
For the new investor, any congregate source such as Yahoo or MSN, cnn, Google all provide the same data. Its all collected from the same places and distributed in a different way. Yahoo Finance is a great place to look for the most simple of data but is often out of date and does not have accurate PE ratios. Its easy to access and usually the first place people look for market data.
As a substitute for Yahoo Finance I always suggest NASDAQ.com. NASDAQ.com is much more accurate than the data at any other news feed and comes complete with extra information like Short interest and some technical analysis. BigCharts.com has the same data and might be more pleasing to the eye and easier to use for most people. Both sites, BigCharts.com and NASDAQ.com are very good sources of information and kept up to date.
For charts, there is nothing better than Prophet.net. Prophet.net has the best free charts you’ll find online, even better than some paid charting. Unless you’re trading intraday movements, Prophet.net’s free charting can take the place of paid charting. If trading long term trends or time periods longer than just a few minutes, you won’t find anything as good as the free charts for the same price.
The charts allow you to add technical studies, go from line to bar or candlestick charts. They even allow you to draw trendlines on the charting. The indices and other products can take some getting used to, and you have to know the exact ticker for the company you want to lookup. Unlike Yahoo Finance, typing in the name of the company will not display any information.
Prophet.net has very good search program as well. Put in the market movements you are looking for and the chart program will show you stocks that fit your description. You can search for chart toppers, or stocks that have advanced greatly. Or even search through their bottomers to see stocks ripe for a buy.