FintekNews-KFTX Fintech Index-11/9 Daily Closing Analysis 

By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group

11/8/16 Daily Closing Analysis – NASDAQ Fintech Index (KFTX)

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SURPRISE! The election results sure created a whole lot of fireworks around the world and the end result was a nice little ‘pop’ in the KFTX. The NASDAQ fintech index (after a big overnight dip) finished higher closing at 1022.64, up 8.87 points (+0.88%). Not bad.

Now let’s get to work. There has to be a whole lot of those 49 stocks in the index that had a +/- 2 point and/or +/- 3% move today. I’ll mine them for you:

 

ACIW  +.65  (17.87)  +3.77%

 

ADS  +5.77  (207.32)

 

BOFI  +1.39  (20.19)  +7.39%

 

BR  -3.53  (62.15)  -5.37%

 

CBOE  +2.60  (66.19)  +4.09%  (trading volume spike)

 

CME  +6.37  (112.00)  +6.03%  (more trading volume)

 

EFX  -4.54  (122.53)  -3.57%

 

EVTC  +.45  (14.95)  +3.10%

 

FDS  +2.42  (158.37) 

 

HAWK  +1.25  (34.55)  +3.75%

 

ICE  +2.72  (57.34)  +4.98%  (more trading again)

 

MKTX  +6.04  (161.25)  +3.89%

 

VIRT  +.95  (14.00)  +7.28%

 

So at the end of the day the KFTX had 33 uppers, 16 downers and 1 fence sitter.

 

Not much to say going forward into the last two days of the week. Bonds selling off, markets jumping up, dollar rallying, oil so-so and confusion breaking out all over. Take two aspirin, get a good night’s sleep and call me in the morning. Election stress is so yesterday.