Dustin Curtis calls StockTouch his favorite iOS app. It looks really pretty.
It also looks really useless.
This is an incredibly powerful data visualization; it gives an at-a-glance view of the entire market’s health. It also facilitates quick exploration.
I can see that this app is great if you want a at-a-glance view of the entire market’s health. I just can’t understand why you care about the entire market’s health unless you’re Ben Bernanke. Maybe if you’re a day trader. But you shouldn’t be a day trader because you’ll never win against computers.
So how can this app help someone who cares about non-super-short-term investing based on fundamentals? I looked through the videos and I see no way of graphing a stock’s movement against other stocks, market index, or sector index. Those are the absolute basic things you want to be able to do in order to get a sense of a stock’s true movement. The exploration may be quick and touch-friendly, but it seems not to be deep or analysis-friendly. To praise this app is to confuse visual elegance with user experience.
Can people who use this app explain to me what you use it for?