ScanTheMarket.com is a unique service that allows you to "scan" the entire stock market for profit opportunities based on very specific search criteria.

What do we mean by "scan the entire stock market"?

The following is a definition of the word "scan" based on the American Heritage Dictionary of the English Language, Fourth Edition:

scan (skn)
v. scanned, scan-ning, scans

Stock "scanning" is precisely what ScanTheMarket.com enables you to do.

For example, you can tell ScanTheMarket.com to search for stocks that are making new highs. Within a split second, ScanTheMarket.com will search the entire stock market and report back with a complete list of all stocks that are currently making new highs.

You will be presented with the stock ticker symbol, company name, stock charts, historical stock data, and links to late breaking news and SEC filings. It's a great way to find new stocks to add to your portfolio.

ScanTheMarket.com can also be useful if you already own stock. Let's suppose that you own stock in "XYZ Company". You can tell ScanTheMarket.com to send you an e-mail alert whenever the stock price of "XYZ Company" falls more than 10% on high volume, thereby enabling you to take action and save your portfolio from disaster.

What used to require enormous amounts of computing time now takes only a fraction of a second. ScanTheMarket.com enables you to spot profit opportunities before the majority of other traders do, and this equates to more profit and less risk for your portfolio.

ScanTheMarket.com opens a world of opportunity for the average investor and trader. Never before has it been possible to scan the entire stock market based on your own search criteria or trading strategy, in mere seconds, while the market is still trading.

Let's create a hypothetical trading system that trades only pharmaceutical stocks.

As you may know, there are hundreds, if not thousands of publicly traded pharmaceutical companies listed on the stock market. You often hear about pharmaceutical stocks moving 25% and even 50% in one single day. The price action is usually due to a new drug announcement, drug study results, or the FDA approving or denying a license, and so on. Drug stocks can be very volatile!

Using ScanTheMarket.com you can easily identify these stocks before the majority of other traders do. You can tell ScanTheMarket.com to only search for stocks that are in the pharmaceutical sector, increasing by at least 5% over the previous day on high volume. You can also include many forms of technical analysis for confirmation. By running this scan throughout the day, you can spot many "interesting" price moves and still have time to research the stocks and make your trading decisions before the closing bell!

In addition to scanning for stocks that meet your specific criteria, you can also:

• Manage multiple e-mail alerts for specific stocks or the entire market. 
• Back-test trading strategies before investing real money. 
• Download market data for analysis in Excel and other applications. 
• Formulate and download technical analysis data sets. 
• View intraday quotes and stock charts with technical analysis. 
• Discuss trading strategies with other ScanTheMarket.com users. 
  And much more...
  

Beginner and novice traders will benefit from ScanTheMarket.com without learning the advanced features, while professional traders may use the advanced features and skip the basic features. No matter what your level of experience may be, you'll find that ScanTheMarket.com is both powerful and easy to use.

You can easily run predefined stock scans and setup e-mail alerts just by clicking a few links on ScanTheMarket.com. There are many ready-to-run scanners listed on the web site and you can find several other ready-to-run scanners by clicking the Scanners link or using the Search feature as shown in the image below.

Each scanner listed on ScanTheMarket.com will have corresponding "Run Scan" hyperlink just below its description. Simply click the "Run Scan" link to run the scanner.

You may also notice "Download", "Back Test", and "View Script" links. These links are explained in the Getting Started Guide.

 

If you're familiar with the term "technical analysis", then you'll likely be using the "ScanScript" programming language to perform advanced scans using the built-in technical analysis functions that ScanTheMarket.com has to offer.

By using the ScanScript programming language, you can customize any scanner listed on ScanTheMarket.com. You can also create your own scanners (also known as "scripts") and publish your work on the ScanTheMarket.com web site, or you can keep your scripts in your private account, out of public domain.

The engine behind ScanTheMarket.com is a technology called ScanScript, which is a non-procedural scientific vector programming language designed specifically for scanning the stock market.

Although considered an advanced feature, the ScanScript programming language is actually quite easy to use and in fact anyone can learn how to use it.

A simple script to find all stocks within a specific price range may look like this:

FIND STOCKS WHERE CLOSE > 30 AND CLOSE < 40

Those instructions will find all stocks in the price range of $30 to $40 per share.

Scripts may be very complex and may be designed to search for very specific price patterns based on technical analysis or fundamental information. These scans run extremely fast… the simple example above can return results in less than 1/10th of one second. Highly complex scripts many take anywhere from several seconds to several minutes depending upon the complexity of the script.

Using ScanScript, you can program custom technical indicators, vector formulas, expressions and use Boolean logic to find stocks that meet your precise criteria in seconds, while the market is trading, all throughout the day. 

The ScanScript feature can be accessed from the "Advanced" link located on the ScanTheMarket.com homepage.

Detailed information about ScanTheMarket.com can be found in the ScanTheMarket.com Getting Started Guide.
A 100-page programming guide for the ScanScript programming language is available here.

These documents are viewable with Adobe's Acrobat Reader. You can download Adobe Acrobat Reader for many different platforms for free. In addition, Adobe provides installation instructions, technical notes, and customer support for each of the Acrobat platforms offered.

ScanTheMarket.com User's Guide
ISBN: 978-1-4243-0105-8

Both documents mentioned above are available in printed form. The ScanTheMarket.com User's Guide an indispensable resource for anyone interested in using ScanTheMarket.com to maximize profit and minimize loss. The guide explains the features of ScanTheMarket.com and the ScanScript programming language gradually by introducing a few concepts and notations in each chapter. The in-depth coverage and example-driven approach makes this guide a must-read!

The printed User's Guide book is available free of charge when you purchase a one-year subscription to ScanTheMarket.com.