According to MSNBC the Dow Jones Industrial Average had its worst first day of the year, ever today. Oil spiked 4% to $100 per barrel and the Dow dropped around 220 points. Meanwhile, silver prices (where I’m currently investing) barely increased. As a novice investor, none of this makes sense to me. I can read the news reports, I can do the math, but I’m simply failing to see the correlations. I need to take some economics classes, but that’s probably not going to be happening anytime soon. So, instead I’m turning to the ‘net for an answer. I’m going to try out some stock options trading software from PowerOptions.
According to their website their patented SmartSearchXL® technology not only allows you to automatically sort, filter, and analyze all 2,900+ optionable stocks and 190,000+ options online, but is actually a “decision support technology”. This is what I’m looking for – something to help me make wise decisions in the stock market while showing me what different events will effect those decisions. There are plenty of stock software offerings out on the web, but PowerOptions looks pretty powerful and besides, they’ve got a 14-day free trial, so I can check it out (and hopefully learn a few things) before I need to pay a penny.