By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
11/22/16 Daily Closing Analysis – NASDAQ Fintech Index (KFTX)
Inching higher. Moving a little higher on a slow day the KFTX index closed at another all time high at 1060.91, up 2.30 points (+0.22%). The “Trump rally” has lifted fintech and all the market averages to new records since election day. Think all the “Trump bears” have covered shorts? Just thinking.
Here we go into the search for the big point movers (2 points or more) and/or the 3% movement club:
ADS +4.46 (233.12)
BOFI +.77 (24.27) +3.28%
Ah, second day in a row for only 2 stocks to make the list. Breadth? Seems there were 28 issues up and 21 issues down (that’s 49, right?) in the index.
So, for all of you taking all, or part, of tomorrow off……….Happy Thanksgiving a touch early. For all the other “workaholics” expect a very slow day and half day on Friday.