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Whew… I got really in the mood this morning. I’m going to review Yahoo! Finance’s new look that I discovered yesterday. We’ll go on to compare side-by-side between the new look and the old look, and don’t forget the wanna-be all-in-one finance site by Google.

In General

In terms of features, the new finance site doesn’t offered much. They still have the global stock indices, down to (probably) every single exchange in the world (which is very nice). They still have at least 15 minutes delay (which is bad), and overall nothing change except these few:

• Futures and Commodities, I’m not sure if the old site has this feature since I never trade futures nor commodities (too many speculation IMHO). But then again, future price of many stocks are always welcome. You can forecast the direction of the market simply by looking at its future price, a simple trick that is hidden under the maze of complex technical analysis. Nice addition!
• Yahoo Badge, being able to show the graph and price of certain stock on your personal site would be a great addition to this blog. However, I have seen a 3rd party doing this (using the data from Yahoo Finance) since 2003. So it’s actually a shame for Yahoo to take almost 3 years to do something that can be done by amateurs in 2003. Plus, they only support American stock exchange which makes this service ignorable. There are already alot of data provider that can display stock ticker in your personal site for free, but there are rarely the one that provide global data. They are currently working on it (or so they say), but is it that hard to provide international data in the first place?
• New Columnist, well haven’t heard of them, probably they are quite famous in US money market. But there’s one columnist that’s bothering me. Jim Citrin. What’s a leadership guru doing on a financial site??
• Discussin Group, there are already dozens of this scattered around the web and Yahoo just figured it out now? Community is hard to make and once they are built, it’s very hard to persuade them to move to another place. Look at my previous post about this one.

New Looks

Now it gets interesting…
The new adopted looks by Yahoo Finance is pretty much similiar with their Mail (beta) service. Heavily in AJAX and is very heavy to load (both CPU resources and connection resources). It reminds me pretty much about Google finance. Here’s the screenshot (click to enlarge):

Although it does felt like Google Finance at first, the new interface sporting a very powerful new features in it. Now you can choose how many days do you want to count in EMA/SMA to draw into the chart, how many days should the RSI be calculated, even to the details like parabolic SARS and many other basic technical analysis chart method.

In short, this is what every trader wants (at least for basic analysis). It has the power of the old Yahoo finance interface with added flexibility which gives it a boost in performance. However, there’s still one quirk that isn’t quite right yet. We can’t draw lines whatsoever in the chart. This is of course a big turn-off because you can do ALOT using only lines (you should consult to John Murphy’s book on Technical Analysis).

vs Google

I have reviewed Google Finance a bit back then (weird, I can’t find the link to my post…) and based on this screenshots (click to enlarge):

I conclude that they made the site with engineers in mind and not the traders who will be using it. There’s no useful technical analysis tools whatsoever on the site and sometimes its blog link leads to spam blog. Despite all the negativity, Google Finance has one advantage over Yahoo’s. They labeled the chart with alphabets that links to the news.

So for example, maybe you’re wondering why does Microsoft stocks plummeted at the end of April, you can simply click “M” or “O” (look at the pictures above) and you’ll see that the stock dive is caused by MSFT’s reported earning is well below the analyst’s expectation. This is very useful to study the market and get the feel and the psychology of certain stock. If only they support foreign stock…

All and all, I can’t find anything negative if comparing Yahoo’s new site to the old site and it will benefit the traders even more.

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