This is a stunning image.
It has been pretty much impossible to miss what’s been happening in the global markets over the past two weeks unless you were trekking through the most remote backcountry of the highlands of Papua New Guinea.
Today the markets got really spooked by the S&P downgrade of U.S. debt and the European debt crisis. This sell-off has affected almost all companies in all sectors, and all geographies. Trillions of dollars of paper value gone. Note the evenness of the red – the vast majority of our 900 companies had price drops of more than 5%. And look at volume – almost without exception, companies traded above – way above – their 3 month moving average. But for every seller there was a buyer…
Who knows what tomorrow will bring.
The equity markets were all over the map today. After a harrowing drop yesterday, it seemed as if there was a different shift in momentum every 1/2 hour. This is what it looked like on StockTouch (screenshots taken every 30 minutes).
StockTouch was mentioned in an article called “Technology Meetups Polish Up Their Acts” in today’s Wall Street Journal (behind the paywall).
StockTouch got mentioned in a roundup of the NY Tech Meetup in NY Convergence, which is a digital media technology news source for the tri-state region. Check it out here.
Last week was a crazy week. The Dow was down 4 1/2% as investors got progressively more concerned about the U.S. political system’s ability to raise its debt ceiling. GDP numbers were moribund. Fear was omnipresent.
We decided to make the most of the madness and record StockTouch every minute during trading hours for the entire week, from July 25-29. 390 screenshots a day, for five days. 1,950 in total. And with the help of our friend and collaborator Christian Svanes Kolding, we put together a time lapse video that tells an interesting story. We hope you enjoy, if enjoy is an appropriate word to employ at times like these.
To watch the video in its full HD glory, you can view it on Vimeo.
Steve and Jennifer from will be demo’ing StockTouch at this month’s NY Tech Meetup on Tuesday August 2nd. It’s sold out, but there may be some tickets released at the door. Check out the Meetup page for all the details. We’ll post a video of our demo when it’s available after the event.
Robert Kiyosaki, bestselling author and personal finance guru, tweeted about StockTouch today:
A brief glance at StockTouch at approximately 10am EST this morning shows a very interesting and important pattern: Caterpillar’s influence on market sentiment. Caterpillar’s earnings came in below expectations, and given the company’s large influence on the Dow Jones Industrial Average, the market responded negatively in different directions. Caterpillar is the world’s largest maker of construction equipment and as such, has become symbolic of the American export economy, and a bellweather for growth and construction demand.
Mike Walsh gets StockTouch! Check out his futuristic rumination about Synethesia, Stock Trading and StockTouch.
There are many ways to use StockTouch to better understand the market. You can use it to research stocks, follow sectors, and follow news on a specific stock.
StockTouch is also a very good tool to use if you want to rapidly assess what’s happening across the market from a birds-eye view. Call it the “Malcolm Gladwell Blink Analysis”, followed up with some diving and information gathering to shore up your impression.
Today at about 1pm EST there were some interesting patterns in the market that become instantly obvious when you look at it with StockTouch. Energy stocks were rallying, buoyed up by a financially aggressive buyout of Petrohawk by BHP Billiton. Large cap healthcare stocks lost ground on mixed news and the possibility that drug companies may be on the receiving side of cost-cutting in the Medicare program. The largest utilities were flat, with some positive and negative movements around the periphery.
And then a few individual outlier stocks jump out: FLIR Systems dropped on a downgrade. Google is rising on good earnings news and the incredible growth of Google+. SGEN (Seattle Genetics, Inc.) is experiencing a selloff based on market concerns about their FDA approval path.
All of this can be inferred and confirmed with a rapid sweep over the 900 company view of StockTouch. And every day there are new stories to be told.
Nice post about StockTouch on information and data visualization blog Visualign. Thanks guys – you clearly spent some time with the product and put together a thoughtful analysis of StockTouch.
We are so excited to see people using StockTouch, and sharing the love via Twitter. Here are a few of our favorite tweets:
@ If I correctly understand what you do - which I don't - don't look at this. You'll immediately want an iPad. http://t.co/NTZUL4Q
L'application boursière @ sur iPad est magnifique !
I love that @ very subtly snuck a @ notebook in their iTunes page. That's reason enough for me to buy it!
We are “New and Noteworthy” if you look at iTunes on your Mac or PC and go to the Finance section. Happy July 4th!
The U.S. markets had a good week – in fact, it was the best weekly gain in about two years. One easy way to observe this in StockTouch is by moving the time slider from “1D” to “1W”. That’s a lot of green, with just a handful of outliers. It’s not often that you see such concurrent coordinated movement across all sectors.
Thanks Overlapps, for the post about StockTouch.
Markets opened with the news that oil dropped below $95/barrel. StockTouch tells the story in a blink:
Thanks for the Twitter love, @returntoashes:
After months of hard work, we are excited to announce that our first product, StockTouch for the iPad is available in the Apple App Store.
Our vision for StockTouch is that it represents the first of a new genre of apps that look at the financial markets in new, powerful and useful ways. It is our belief that the act of touching and diving into data will change the way users engage with this data, and consequently translate it into information and knowledge.
StockTouch starts by showing an overview of nine key sectors. Each sector contains the top 100 largest companies by market cap. The default display of StockTouch arranges these companies in a spiral pattern from the center of the sector, radiating outward. The heart of each sector contains the largest companies. The periphery is composed of smaller companies.
At the highest level of the app, you see a total of 900 companies. Each company is on a small tile. This birds-eye view gives a meta sense of heat in the market. We call it the “narrative.” In a brief second, you can glance at this view and make sense of this narrative.
Then, you can dive in to individual sectors to see specific company tickers and their price gain or loss. And from here, dive into a specific company to examine a time series of that company’s stock price, fundamental data, and even recent news articles.
None of the descriptive words in this blog post mean anything, however, compared to using the app. We’ve worked really hard to create something that doesn’t require instruction, doesn’t require words. We want our app to be self evident when you pick it up for the first time.
We’d love to hear what you think.