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Wednesday, January 29


The Power of a Real-Time Market Scanner

I've been doing the RealTick demo over the past couple of weeks. It's a pretty slick program, and the best thing it has going for it in my opinion is its market scanner, called Hottrend. You can read all of Hottrend's promotional stuff here.

Basically the program scans the market in real-time for "abnormal" trading activity and alerts the user to its findings. See how quickly it picked up on Rambus when the stock began to explode higher this afternoon as traders reacted to news that the company received a favorable court ruling.

Obviously this is just the kind of tool you need if you are doing intraday trading and want to know where the action is. I wish I could subscribe to Hottrend as a stand-alone thing, but it's bundled together with RealTick so that's the only way to get it unfortunately. I guess I'll just have to build my own. ;-)




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