The brothers Worden have done it again and this past week released their flagship TC2000 charting product for the iPad. It was previously available for iPod touch - as well as the the native PC and Macintosh platforms. The PC and Mac versions make use of Microsoft Silverlight technology which delivers PC type application performance - but for Web-based applications. There's no Silverlight for the iPad, so this is a native iPad app.
On first appearance, the product has all the familiar features, charts on the right, columns and watch lists on the left. Zoom in and out works as expected where you pinch to zoom and in and out, and the chart re-renders within the available space. To change time frames, use the pull down at the top of the screen. To change the size of the columns area, or make charts bigger or smaller, just drag the border between the columns and charts with your finger.
The cool thing about this version, and the iPad version is that there's no extra charge. Just login with your existing TC2000 account and off you go. It shows you that Worden's first objective is to deliver amazing products and let the financials work out themselves. Great job Worden brothers and keep it up. I have been using Worden brothers products since the 1980's and I consider it my primary research tool. Where else can you take the entire stock market, cut it down to stocks making all time highs today, then rip through each one of the individual charts in just a matter of minutes?
More importantly, the product takes the monstrous amount of data that is the US stock market and allows you to chop, slice and dice it and visualize it nearly any way you like. Plus throw in real-time streaming intraday charting for about $300 a year - you can't beat it.
World markets breathed a sign of relief past week when people of Greece voted in the moderate party who was in favor of staying in the Euro zone. But that result was largely factored in from the prior weeks rally and stocks had little left to celebrate. The above chart of EFA - the iShares MCSI Markets index tells the story. We had about a 10% rally off the lows set back in early July. Thursday's sell-off took back have of that move (that took 13 days to play out) in a single huge bear elephant candle. In Fridays action, we gapped up slightly then settled well within the range of Thursday's candle.
As for now, there seems to be a stand off between risk off and risk on. I am abut 45% in cash, but still well ahead of the S&P 500 for the year.
Forex continued its recently lackluster performance with 2-3% losses in all accounts except for Atipaq Full Portfolio which gained about 2% for the week.
That's all for now, keep your powder dry and have a great week.
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