unveiling our new app!

On Friday, oil was up 1.54% and the biotech sector was down nearly 1%.  Like the ticker symbols scrolling across the bottom of the screen on CNBC, these data points are pretty much useless.  I would argue that a single day’s action taken in isolation, provides no value at all.  In order to be useful, data needs context, which in this case is the trend.   We make money by investing in assets that are trending, and by doing our best to identify when a trend is possibly beginning or coming to an end.

However, in fairness to CNBC et al., is it even possible to succinctly communicate this much information visually?  This is the challenge that inspired me to create Market Reading.

Moving averages smooth out the “noise” of daily price movements, revealing trends.  Market Reading provides customizable moving averages, representing short and long term trends.  When both moving averages are rising, the asset’s information box is colored green.  When both are declining, the box is red.  When the short term moving average is going against the long term moving average, these colors get moderated to lime and fuchsia accordingly.

Market Reading is available now at the Google Play store in both a free and pro version.  The pro version provides the added capability to drill into sectors and stay on top of global market trends.

Watch the video below for more information and a demo of the app.  If you have any suggestions or questions I didn’t cover, don’t hesitate to reach out.

Although built to “scratch my own itch” so to speak, it is my hope that you find this tool useful too!

Market Reading Free version

Market Reading Pro version