Wednesday, April 4, 2012

iPhone: The Best App for Visualizing the Stock Market: StockTouch

iPhone
The Best App for Visualizing the Stock Market: StockTouch
Apr 4th 2012, 20:38

Trying to make sense of the stock market can be thankless, daunting work. To the untrained eye, tickers are an undecipherable mix of letters and numbers--and even the best investing minds struggle to keep up with the constant ebbs and flows.  

StockTouch attempts to cut through the fog by boiling the market down to its simplest denominators. With a brilliant array of reds and greens, StockTouch collects 900 of the top U.S. or global companies--equally divided into nine sectors--into a sort of heat map that visualizes the market like no other investing tool in the App Store (or anywhere else, for that matter).

Take Apple (AAPL), for instance. Any app can show you an ascending graph marking its progress along with the latest news, price, range, P/E ratio and market cap (which StockTouch does), but StockTouch's unique presentation lets you see how it's doing in relation to its fellow tech stocks and the market as a whole; marking it as a favorite literally makes it stand out from the pack. (As an added bonus, StockTouch keeps your favorites organized across your iOS devices without the annoyance of an account.)

Each of the hundreds of surrounding stocks is represented by a percentage and a corresponding shade of red or green, denoting its performance for the specified time period (from real time to five years). At a glance, you're able to see if the market is having a bad day (mostly red) and if the tech sector received a boost (mostly green) from Apple or Google (bright green).

To zero in on a stock just pinch out to zoom in on a sector and again to see the stock's full information. But iPad users will want to stay pinched out, where StockTouch's beauty can be displayed in all its glory.

The Best is a weekly column in which we spotlight the most helpful or impressive iOS app to fit a certain need, whether it's a part of your day-to-day life or just something cool that might come in handy down the line.

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