In The Money

Well, it appears that we finally found a replacement for MSN Stock Screener.

After testing Yahoo’s JAVA Stock Screener, there were some fundamental problems such as the Equity to Debt Ratio not working. I emailed Yahoo! to let them know that it is not working. Strange that this problem was not picked up earlier and has me questioning if anybody even using Yahoo’s Stock Screener?

I tested TSOC’s screens at Stock Screen 1-2-3, and found that they work. The biggest negative with the site is that you need to register (but it is free) and the interface reporting is pretty cryptic. Still it was nice to see an excellent return using the site’s Screen Backtest feature.

Its a testimony to the power of TSOC’s system, which is only one small aspect of the entire course. Please note that this is not a guaranteed result since the market has skyrocketed since the credit crisis, the filtered 60 stocks were used in the back test, and it required weekly balancing. As the saying goes, hindsight is twenty-twenty.

Unfortunately, these things happen with internet based apps. The Stock Options Course depended on the free and fabulous MSN Deluxe Screen which was recently closed down. On November 4, 2009, the entire MSN Money Investment Toolbox which included the highly-regarded Deluxe Screener was retired.

Other stock screeners have been trialed and nothing has come close to the flexibility of the MSN Screener & Toolbox. In terms of best free replacement, the following are being suggested:

1) www.stockscreen123.com – Free Member Site.

Good aspects: Allows many screening variables similar to MSN and allows users to enter formula to screen; The data source is same as MSN (Reuters); Export screening results into Excel at once instead of only the 200 capped by MSN; Allows saving screens (not exporting).

Bad aspects: Limited to only 25 column stats and many criteria available for screening cannot be displayed as column info.

2) http://screener.finance.yahoo.com/fscr/us/launch.html – A Java App

Good aspects: Allows real time screening; Allows many variables to be used for screening;  Export results into Excel with results capped at 200 like MSN; Allow saving screens (not exporting).

Bad aspects: It does not display any column stats that are not part of screening; It does not allow formula to be entered for screening or displaying results.

Other stock screener websites have been tackling the same problem:

http://www.stockscreening101.com/msn-stock-screener.html

The eBooks will be updated with the new information in the near future. We’ll let you know in a future blog when these are ready for distribution. Past customers can contact us for a free upgrade to the new documents.

The blog has been launched to better serve our customers. Instead of updating static HTML pages, we have adopted WordPress as our blogging system which makes it really easy to share with you updates concerning our Stock Options Course.

Thanks for visiting and happy trading.