Market Chartist Launches Web Interface for Tech Analysis Reports

Since its launch in 2012, Market Chartist has distributed its technical analysis reports via daily emails containing audio-visual "screencasts"─animated screenshots of the vendor's technical analysis charts, displaying examples of price movements in key markets, and how users can identify technical patterns and predict future price movements, accompanied by written commentary─embedded into PDF documents. But following a period of beta testing at the end of last year, the vendor has now launched a new web portal that will allow institutional users─such as banks, interdealer brokers and other trading firms─as well as retail traders to view the reports online.

Covering the rates, bonds, interest rate, equities, foreign exchange and commodities markets, the reports contain proprietary audio-visual screencasts, each lasting up to two-and-a-half minutes per market. The screencasts leverage historical data sourced from technical analysis, charting, and electronic trading financial software provider CQG, and are narrated by chief executive Steve Miley, a former senior technical analyst at Credit Suisse and Merrill Lynch who founded the startup in 2012.

"In their previous incarnation, our reports were delivered as PDFs, but we decided to make everything web-based to make it easier for our clients. The reports are still published daily, and most have two screencasts, but basically they are now available on a more streamlined and user-friendly platform," Miley says. "For example, by moving the reports online, there is more flexibility for clients as they can navigate around, and there are fewer technical issues like whether or not customers have the right version of Adobe Flash Player."

While the launch of the web platform has been driven primarily by a requirement from institutional customers for easier access to the data, the portal is also enabling Market Chartist to expand the scope of the technical analysis its provides.

For example, in the past, Market Chartist provided a single commentary for each market, but with the launch of the web platform, the vendor now is delivering multiple commentaries─containing short-term and longer-term predications─for each screencast.

"We are now providing two sets of commentary. The first is focused on day trade levels and swing trade or position trades, and the second takes a slightly longer view─i.e., a week or so─to cater to different types of users. The web platform enables us to produce multiple videos and charts, whereas PDFs didn't allow for that type of flexibility," Miley says.