Nasdaq KFTX Yeah, the sugar high ran its course. Yesterday markets rallied sharply on the chocolate Easter egg sugar rush and today the sugar had been slept off. But, damn, those eggs are good. So the major averages (DOW, S&P 500, NASDAQ Composite) all settled lower giving back a good hunk of yesterday's rally. Earlier in the day it looked like

ALL yesterday (and more) would be given back, but the dip buying robots stepped in cutting the deep losses. Now, there are those that say "not a big deal" since a big chunk of the loss was attributed to Goldman Sachs. Yeah so? When the averages go

UP

and 50%+ of the gains are in just 10 stocks no one says a word. Averages go

DOWN

and fingers point at the 1 culprit. Keep in mind, that one stock was GS.......big revenue and earnings miss. Sorry Goldman, guess the AI (artificial intelligence) folks are tough to 'snooker'.

Getting closer to the French elections on Sunday which is creating some nervousness for sure. No one wants to be caught like Brexit again. But, even after France there is (shhhhhh!) Italy. In the meantime, "sell in May and go away" looks like a winner this year. So, sell in April to be safe.

Now lets visit the fintech sector (after all, this is part of FintekNews) and check where the KBW NASDAQ fintech index

KFTX

finished. Oddly, this has been a very weak sector but today it was actually up in an overall weak environment. The

KFTX

closed at

1123.14

, up

3.17

points (

+0.28%

) with advancing issues totaling 31 and decliners 19. Here are the stocks in the index that experienced a 2 point and/or 3% move today.

LC

+.19 (5.65) +3.48%

TREE

+2.10 (121.95)

So, Ta Da (sound of blaring trumpets), there were 2 "movers" today. Well, actually 1 and a half cause its LC again.

Lets all get a good nights sleep and see what the 'bots' have in store for us in the morning.