FintekNews-KFTX Fintech Index-11/30 Daily Closing Analysis

Fintech downdraft. Well, there’s the answer of whether the ‘punchbowl’ was just being refilled or the party was over. It seems to be over with the NASDAQ KFTX fintech index falling 11.35 points (-1.08%) to 1042.76.  Fintech (all tech) is the out of favor sector at the moment.

I have a feeling there may be quite a few of the indexes 49 stocks that had some big moves today. Let’s just find those that had a 2 point and/or 3% jump today:

BOFI  -1.35  (23.63)  -5.40%
BR  -2.15  (64.74)  -3.21%
CLGX  -1.48  (37.73)  -3.77%
EEFT  -2.97  (71.72)  -3.98%
EFX  -4.87  (114.45)  -4.08%
ENV  -1.30  (36.10)  -3.48%
FICO  -4.02  (113.69)  -3.42%
GPN  -2.04  (68.55)
MKTX  -3.19  (165.77)
SQ  +.48  (12.94)  +3.85%
WEX  +4.43  (110.51)  +4.18%

Always nice to finish with a couple of “uppers” out of a bearish expanded list of ‘movers’ and one sided breadth…….12 issues up and 37 issues down.

So, November is done and gone. Now what? Well this week has two days left with NFP numbers on Friday (blah) and December has an Italian vote, a FOMC meeting and rate hike (probably), big gains in the market very susceptible to profit taking AND holidays. Wheeee!

Have a super evening.