Power your investment decisions via app

May 3, 2011 By Reid Kanaley

If I knew how to pick stocks, which I don't, that information might stay under my hat. But I will tell you about a new smartphone application that, according to its creator, provides more than the usual stock charts for making investment decisions.

Chaikin Power Tools is a free iPhone app from Philadelphia-based Chaikin Stock Research LLC. The most striking thing about the app is the Chaikin Power Gauge - a screen of red-to-green bars that blares, at a glance, whether you should sell, hold, or buy a stock, as judged by the proprietary software behind the app.

That software combines company earnings, expert opinion, share price-to-volume activity, and other "metrics" to render its findings.

Other screens on the app provide charts, news, and Twitter chatter on the stock in question. If you choose, there's also a link for trading shares via the online brokerage OptionsXpress, which was acquired last month by Charles Schwab.

The Chaikin name belongs to Marc Chaikin, a Philadelphia resident and seasoned strategist who made his career advising . He hopes to make money as the app recruits business for OptionsXpress.

Chaikin, 67, told me he set his mind on smartphone applications when his son showed him an two years ago.

"I was blown away," said Chaikin, who was retired at the time. With this sort of technology in hand, he said, it was easy to see how "people no longer wanted to sit in front of a computer."

Chaikin put that thought with another: In the financial meltdown, hundreds of billions of investment dollars held by disillusioned individuals were leaving full-service brokerages for discount services. But those individuals still needed stock-market advice.

Stock-market-app space is crowded with hundreds of competitors, many of them cleverly titled, such as Holy Grail, Stock Spy, TweetyStock, StopLoss, Stock Picking Monkey USA and a game called "Financial Beatdown," in which you throw punches at your market nemeses.

But, Chaikin said, "I looked at every stock-market app I could find, and my thought was ... they're not decision-making tools."

Chaikin, a former director of investment research at Reuters.com, with several market-analysis models named after him - one is called the Chaikin Oscillator - now has a four-member tech team. His wife, Sandy Betner, directs marketing. They aim soon to turn out versions of Chaikin Power Tools for Android and other devices.

Investors, Chaikin said, shouldn't use his by itself to judge stocks. It is "a lens, a prism, to filter your stock ideas through," he said. "It's not the only one."

Explore further: Research Reveals Why Some Stocks Keep Winning, While Others Keep Losing


Related Stories

Market changes affect risk tolerance, study finds

September 28, 2010

As the U.S. economy continues to lag, many investors remain wary about taking risks with the stock market. Now, researchers at MU have concluded that this attitude toward investment risk-taking is more than just a recent ...

Internet trading's risks to Japan stocks

October 5, 2005

Japanese investors have been euphoric over the past few weeks as the stock market continues to grow from strength to strength amid growing optimism about the country's economic outlook. Yet the surge in share prices is not ...

Stock Price Correlated to Likeability of Super Bowl Ads

January 26, 2009

(PhysOrg.com) -- When TV viewers like a company's Super Bowl commercial, the company's stock price goes up, according to a study by researchers at the University at Buffalo School of Management and Cornell University.

Recommended for you

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

not rated yet May 03, 2011
These days the only stock advice you need is 5 words: "Buy the dip, you idiot."
There are no fundamentals anymore; it's all a ponzi scheme and trading is done based on fibonacci sequences and other methods that try to gauge the mood of the market rather than a company's performance.
But, that's just my opinion...

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.