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

1/10/17 Daily & Weekly Closing Analysis - NASDAQ Fintech Index (KFTX)

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Fintech treadmill. The KFTX just got yesterday back (almost penny for penny) on another slow day which has been the pattern this week. The index closed at 1090.43, up 2.74 points and +0.25%. Another day, another pause and still in the same place.

So, here we go again seeking out the stocks in the KFTX that actually woke up this morning and maybe, just maybe, had the strength to move 2 points and/or 3%. Let’s look.

NONE.

Well, seems pretty clear that all 49 of the index’s issues didn’t set the alarm this morning and slept all day. At least mostly. There were 34 stocks advancing, 13 declining and 2 unchanged.

Next up? More blah it would seem. When the fintech index “inches up” it looks like new highs are coming, when it “inches down” it looks like the top. In actuality, it is stagnant. No great insights, it’s a 50/50 trade with no real edge. Still say, take some profits and select a few well placed shorts. No money back guarantees though. Have a great night.