Everyone knows that news can affect stocks’ price. However, to connect the news with the price of a particular stock is not an easy task. Perhaps, this is the main reason why investors tend to pay no attention to events related to the stocks they have or they are monitoring. If you are an investor who want to be able to grasp the correlations between news and stocks’ price (and volume), you may consider to add Stock Spy to your arsenal.
Basically, Stock Spy works by pinpointing stock events on a stock chart. If you point your mouse to a specific date on the chart, news on that day will be displayed. You can even select a certain period to populate events on the selected date range. Additionally, you can filter the news so that this software will only display the ones that contain your keyword.
What makes this software more interesting is it allows user to receive news from various resources. Just add feeds from related blogs, forums, RSS search engine queries and other sources and their contents will be integrated with this software. Some other interesting features are desktop alert, FinanceTerms and the capability to configure feeds from some top financial news providers automatically every time you chart a new stock symbol.
In essence, this is the tool for you who want to be able to quickly analyze the relationships between news and stocks’ performance. However, keep in mind that your ability to correctly associate a certain event with the price and volume of a certain stock is still required to make this software “works”.
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