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NewsMiner Review
to USD chart, the related news popped up so I scanned the
headlines to see if there was any breaking news that was of
interest and quickly found an article that looked like it would
cover the information that I was looking for. I double-clicked the
headline and my browser quickly opened up, and I was brought
to the article, which was written by MarketWatch.com. After
quickly reading the article, and finding what I was looking for, I
moved on to Crude Oil since it has been rather volatile and all
over the news recently, to see if there was any new information
that I wasn't aware of showing up in the headlines. After a quick
scan, I double-clicked one of the articles and the Reuters
website opened up, along with the article, which covered the
weekly data report from the American Petroleum Institute. Since
I have been closely following Crude Oil lately I decided to spend
a little more time reading the article, which contained a
significant amount of information ranging from the API data that
was released today to the number of U.S. crude imports that
was released last week. After I finished up the Crude Oil article I
looked at the next row of charts, which included the heavily-
followed stocks, I noticed that both Intel and Bank of America
closed down today but Apple had closed in positive territory, so
I decided to look at Apple's news to see what was causing the
divergence of its price action with the market's action. After
quickly scanning through the headlines I noticed that Bio-Rad
Laboratories, one of the less-followed stocks that I had selected,
was also included in one of the Apple articles so I decided to
take a look at that article, in order to try and save some time.
The article was from the San Francisco Chronicle website, and
provided quick summaries of companies that had unusual price
action today, as well as the breaking news that was the cause of
the price action. Looking at the last row of my selections, which
includes the less-followed stocks, I decided to look at Conn's
Inc. since it had the largest move of the day, excluding the
move by Bio-Rad Laboratories. After another quick scan of the
headlines I realized that the move today was earnings related,
and after I double-clicked the headline that I was interested in,
I was sent to the Bloomberg website where there was an article
that provided information on today's earnings releases.
In addition to viewing the news of the selections that were
made previously, you also have the ability to either enter a stock
symbol or pick from one of the futures, or forex, symbols. This
feature is extremely beneficial, whenever a
stock/future/currency symbol that you are interested in is not
listed in the results, because you can quickly look up any of the
breaking news that has been published recently. After adding
two additional symbols to the screen (which included both a
stock and an ETF that I am currently following) and deleting a
couple of the stocks that I am not longer interested in, I saved
the results as
group so that I
would be able to
easily continue
following the
breaking news of
my selected
symbols.
The third tab is the
"Step 3: Heat
Maps" tab where
you are able to
view a heat map of
your selected
symbols and, in
addition, if you
click on any of the
symbols you will
see a table with
symbol-specific
information such as
the percentage
change and the
high/low of the
day. You are able to sort the heat map results by the percentage
price change of each symbol (in either ascending or descending
order), which is helpful when you want to quickly see the
relative price performance of the symbols that you are following,
or by alphabetical order (also in either ascending or descending
order), which is useful when you are following a large number
of symbols and need to quickly see the price performance of a
specific symbol. The heat map also allows you to view a heat
map of the S&P 500, the Nasdaq 100, the Dow Jones Industrial
Average, or any of the groups that you have previously created
(see Figure 1-3). This is extremely valuable because it
immediately gives you a sense of the relative performance of
the market by providing a visual representation of the number
of stocks that are trading higher, lower, or flat for the day,
instead of only providing the average percentage price
movement of the market for the day. For example, just by
looking at the S&P 500 heat map I am quickly able to see that
an overwhelming majority of stocks are trading lower today, as
well as which stocks are currently leading the market and which
stocks are currently lagging the market. That's it! In as little as
a few minutes you will be up-to-date with the relevant
information that is essential to every trader.
In summary, NewsMiner is definitely a must-have for any trader
who wants to efficiently follow the breaking news that moves
markets daily and provides many potential trading opportunities.
Instead of spending hours switching between multiple websites,
and continually entering the exact same symbols multiples
times, you can use NewsMiner to consolidate all of this
information into one easily accessible, sort-able software
platform. The most beneficial aspect of NewMiner, in my
opinion, is the time that it will save and the opportunities that it
can present, which the average trader will likely miss. This
could, potentially, provide an advantage by helping cut news-
related losses quicker, or enter a position relatively quicker
whenever positive breaking news hits the wire, and by giving
each user the ability to potentially save extremely valuable
trading capital, as well as loads of time, NewsMiner can help any
level of trader focus their much-needed resources in the most
appropriate places, while maximizing their internal rate of
return.
by: Kent Koefoed, Mr. Koefoed is a market technician and
research analyst for Gecko Software, Inc.
Gecko Software, Inc.
271 N Spring Creek Pkwy Ste A
Providence, UT 84332 USA
Phone:
800-862-7193
Email:
gecko@geckosoftware.com
Website:
www.NewsMiner.info
Product:
NewsMiner, Software that scans and delivers
breaking news and key market information.
Requirements:
 Windows, Mac OS, or Linux
200 MB free hard disk space, 1024x768 screen resolution
(minimum) Larger recommended.
RAM 2GB (more is better). Requires Internet connectivity,
CPU: 2.4 GHz or higher.
Price:
 $99.00
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by Kent Kofoed
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The NewsMiner software is a software program that allows you
to "trade the news" by giving you the ability to mine through
breaking news in stocks, futures and forex, as well as sort
through the breaking news utilizing a range of sorting criteria.
The basic concept underlying the NewsMiner software is that
the quicker you are able to sort through the relevant breaking
news and key information of the markets that you follow, the
greater your information edge will be and, subsequently, the
more informed your trading decisions will likely be.
NewsMiner allows
you to quickly dig
through breaking
news and key
trading
information, while
avoiding the
market "noise" that
is less pertinent to
your trading
decisions. After
digging through
the relevant
information, you
will see what topics
are being covered
in the news. By default, the software ranks the results in order
of popularity and, in addition, you also have the option of listing
the results by symbol, name, market (which includes stocks,
futures, or forex), or by the number of articles that have been
written recently, about each specific result. The software allows
you to pick which of the markets you are interested in digging
for news, and you are able to do so, on either an individual
basis or grouped together. In addition to sorting the news, the
software allows you to view the results in a couple different
ways, which is either as a table or as a packed word cloud (as a
quick side note, with the packed word cloud option you are
unable to sort the results but you are able to pick which asset
class you would like displayed). After you have chosen the
assets from each market that you are interested in, you can
further sort the news by date, either choosing the day's news or
all of the news, and you can then access the news simply by
double-clicking on the article that you would like to view. The
last sorting option that the software provides is a "heat map"
that allows to you visually sort through the news, making it easy
to recognize what direction the markets, and your search
results, are moving.
One of the main features of the NewsMiner software is that it
helps you dig through the news quickly, by providing
standardized screening criteria and letting you further refine
your results by quickly selecting any of the multiple sorting
parameters. To show you how easy the NewsMiner software is
to use, I am going to give an overview of one of the simulations
that I ran when reviewing the software.
The first selection
that I had to make
was to decide
which markets I
was going to scan
for news in. I
decided to scan for
news in all three
of the market
options and, since
all three markets
are selected by
default, I clicked
the "Dig Now!"
button and let the
software begin the
digging process.
The scan took
approximately 50
seconds, which
seemed
appropriate for the
number of articles
that showed up in
the results, which was a total of 688 articles. Since I wanted to
view news of assets from each of the market categories I
decided to sort the results by clicking on the market tab (see
Figure 1-1). There was only one currency pair listed for the
forex market, which was the USD/EUR currency pair, so I
double-clicked the result and added it to the "active" portfolio
(this can also be done by clicking the "Add Selected to Active"
button at the bottom of the results). Next in line was the futures
market, with crude oil having the highest "popularity" rating, so
I double clicked this result adding it to the "active" portfolio. In
order to round things out a bit, for the futures market
selections, I added the S&P 500 Index and the 10-Year Treasury
as well. The last market was stocks and, in order to try and
produce a variety of results, I decided to try a couple different
selection strategies. I added Apple, Intel, and Bank of America
to my active portfolio since each of these companies have been
in the news quite a bit recently, in order to see if there was any
new market-moving news that was impacting prices, and I also
added the less-followed (and less frequently traded) stocks of
Conn's, Bio-Rad Laboratories, and Asbury Automotive Group, in
order to see what the market-moving news was and if the news
could potentially be viewed as a catalyst that could lead to a
trend reversal.
Now that I have selected all of the results that I would like to
view breaking news for, I am now in the "Step 2:
Portfolio/Charts!" tab where I can see the chart of each of my
active selections. In addition to the charts of my selections, the
breaking news articles are also listed, on the right-hand side,
with the most recent articles shown first (see Figure 1-2). Since
I have quite a few assets to go through, I decided to narrow
down the results by clicking the button named "The Days News"
instead of the "All The News!" button. After clicking on the EUR
Dr. Brown  Professor Finance PhD.
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