In an ever-increasing digital age, stocks and options are more accessible than ever before to anyone interested in investing.
However, the stock market may seem like an endless portal of numbers and letters, constantly in flux with no rhyme or reason. How does anyone wrap their head around all of that information?
Research tools exist to take all that data and condense it into something much more understandable.
The Stock Dork reviews these different research tools, so you know exactly where to turn.
This Market Chameleon review will dive deep into the details of the market research tool Market Chameleon and review all the platform has to offer.
Market Chameleon Review: Overview
Market Chameleon is a web-based trading research site aiming to take some of the guesswork out of stock and option analysis. It does so through a large number of services made available through five different tiers of subscriptions.
The platform has the trader in mind, even offering newsletters and simple screeners through a free starter tier.
They aim to be the premier provider of options information using data and analytics to provide users with the insight needed to make informed investment decisions.
Market Chameleon Review: What Is Market Chameleon?
Market Chameleon is a powerful options strategy generation platform. The platform was designed around uncovering the latest stock and option opportunities that are making big moves in the market.
Market Chameleon tools and features cover the market as a whole, enabling users to filter through data and analyze trading strategies that speak the most to them. Powerful tools include research, stock and option screeners, earnings, options volume, order flow, and much more.
Market Chameleon Review: What’s Included with Market Chameleon?
Market Chameleon’s many features are broken down into these five categories:
- Stock Research
- Options Research
- Earnings Research
- Custom Stock Watchlists
Market Chameleon Review: Stock Research
Market Chameleon has a large number of features that traders can sink their teeth into.
Stock traders can see top gainers and big losers at a glance or stocks with unusually high or low trading volume. Features also include dividend reports, watchlist creation, and the ability to download any and all information to your device.
The platform has built-in stock screeners that individuals can use to quickly and easily sift through stock market data. This feature allows investors to identify trade opportunities across mahy different markets.
Screeners are available for pre-market or after-hours data. It’s possible to filter stocks by market cap, price, volume, and even different levels of volatility. This powerful tool is ideal for finding the best stocks to develop strategies around.
Market Chameleon Review: Options Research
Not to be outdone by stock research, Market Chameleon has several tools to keep options traders on the pulse of the options market. In fact, there are many helpful features for investors looking to improve upon their strategies.
For instance, the unusual options volume screen lets traders keep tabs on stocks that have options trading at higher volumes than expected. This is a great place to start looking for options trading opportunities.
Market Chameleon offers customizable options for stocks, focusing on criteria such as covered calls and naked puts. Filters make it incredibly easy for an options trader to find stocks to add to their portfolio. Each screener serves to help traders develop options strategies that will generate maximum profit.
Results of each search query appear in a sortable table with pertinent information like historical win rate and potential profit and loss. These features help options traders limit downside risk and get more value out of each trade.
Market Chameleon Review: Earnings Research
The Market Chameleon platform really pops with its earnings research. Access to this part of the website reveals stocks that are either undervalued or overvalued around earnings activity.
The earnings calendar allows traders to see price volatility around the time of earnings release. This data can be used to develop trade strategies based on the value of earnings.
The service also features earnings-based stock and option screeners. A lot of money can be made heading into or out of earnings reports. The use of these screeners will allow traders to utilize a broader range of strategies by better controlling data.
During earnings season, this area of the website can be overwhelming as it provides a flood of information that can be a real challenge to wade through. The earnings season activity is best viewed on the earnings calendar or through a screener.
Market Chameleon Review: Newsletters
Newsletters are one of the free tools that Market Chameleon offers to users at any account level. These newsletters share information on earnings alerts and ideas for day trading.
Newsletters also provide analytics on pre-market stocks with big moves and flow data sent daily via email.
Market Chameleon Review: Custom Stock Watchlists
The Market Chameleon platform offers several watchlists as another complimentary feature of the site. Each watchlist is personalized to the trader and contains data and analysis based on the stocks and options they are most interested in.
Market Chameleon Review: Market Chameleon Cancellation Policy
Market Chameleon offers a 7-day free trial that unlocks all the tools on the website. This is an excellent opportunity to see everything the platform has to offer. There is no fee for canceling during those first seven days. Should you choose not to cancel, you will be charged for the next month of service.
All of Market Chameleon’s subscriptions are set up for monthly renewal. There are no refunds for canceling during the middle of a billing cycle, but you will be able to use their service until the end of that billing month.
Market Chameleon Review: How Much Does Market Chameleon Cost?
Market Chameleon gives traders access to five different products at different pricing tiers.
The Starter Tier gives free access to a few tools that provide access to some stock and options information and articles. There also pre-set screens a trader can use for market research or trade ideas.
It’s a simple service, but it allows users to explore the platform and learn how the system works. If nothing else, traders can come up with some trading ideas and create a simple watch list.
Stock Trader Tier
It probably comes as no surprise that the Stock Trader Plan focuses on all things stock market related. In addition to the screeners and long list of stock features, the Stock Trader Tier also has a few options breakdowns at a glance.
At $39 a month, this is the lowest you can spend on a paid plan on the platform.
Options Trader Tier
Strangely enough, the Options Trader Plan contains the stock screener and other stock research tools with the exception of dividend reporting.
The Options Trader Tier does include every options feature that the platform has in its repertoire, and the pricing for this plan reflects that. At $69 per month, you are getting quite a bit of access to this market research tool.
Earnings Trader Tier
The Earnings Trader Tier has most of the tools from the Stock Trader Plan but omits some of the stock reports that that tier includes. It’s also missing most of the options tools like the screener and some market research tools.
The Earnings Trader Plan does include the Earnings Options Strategy Screener, Earnings Stock Patterns Screener, and earnings report pattern tools for data collections and analysis.
A bit higher up the cost ladder, pricing for this tier is $79 per month.
Total Access Tier
The Total Access Tier is in no way a misnomer and does provide unfettered access to every one of the products on the Market Chameleon site. Obtaining all these services in the Total Access Plan will cost you $99 per month.
Market Chameleon Review: Is Market Chameleon Legit?
Market Chameleon appears to be a solid research platform with a lot to offer. Although ultimately an information platform, Market Chameleon goes above and beyond with free access to basic services and even customized watch lists to narrow down a search.
Being built solely for research, none of your trading data or money ever passes through the site.
Market Chameleon Review: Pros and Cons
The platform provides many incredible tools right at your fingertips. That being said, there are a few words of caution about the site as well.
Market Chameleon Pros
- A vast multitude of available tools
- Easy to create watch lists
- Powerful screeners with many customizable features
- Some tools offered for free
- Free 7-day trial
- Five different plans to choose from
Market Chameleon Cons
- Website is a bit archaic
- No mobile app
Market Chameleon Review: Is Market Chameleon Right for Me?
Market Chameleon speaks the loudest to people who focus on opportunities around earnings releases. That being said, it comes with many different tools beneficial to anyone looking to develop a deeper understanding of stocks and options.
The site doesn’t offer much direction, so it is helpful for traders who are already at least somewhat experienced in options. There’s a bit of a learning curve to finding your way around the site, and doing that without any pre-existing knowledge may prove too difficult.
Market Chameleon Reviews by Subscribers
I have traded for decades, but until now, there has been no data at this level with analysis of that data at a price that an individual investor could afford. Marketchameleon .com is a true game changer for the individual investor in stocks or options or both. For any active trader, this is a must have subscription. I have NO link to these wonderful nerds other than being a subscriber!
-C R, on Google
I started with the free trial and had some profitable trades come out of it, so I signed up. There is so much information, and they do want you to succeed if you watch some of the videos or take time and advantage or the research. I have only touched the tip of the iceberg. I recommend the service/site if you are serious about trading and learning.
-M F, on Google
Final Review: Is Market Chameleon Worth It?
Unless you’re a brand new trader, Market Chameleon has a slew of awesome tools that May enable you to improve your trading. Whether your focus is stocks, options, or on the earning season, the site has so much information to plug into and digest.
You can use the free 7-day trial to figure out which features you can’t live without, and then pick up the plan that works best for you. Most traders benefit from all the perks of the All Access Tier, but don’t be afraid to start a little lower if need be. Since each subscription is monthly, you can jump up or jump down at any time.
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