By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
1/18/17 Daily Closing Analysis - NASDAQ Fintech Index (KFTX)
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Treading water. Not just treading water BUT doing it while snoozing. That’s today’s fintech market (and markets in general). So, the KFTX reverted to almost what it lost yesterday with a gain of 6.04 points (+0.56%) closing at 1092.65.
Here’s where we list the stocks in the index that moved 2 points and/or 3% today. Let’s take a peek.
FLT +2.61 (152.38)
Only one “mover” today. But, amazing, today’s advance/decline is exactly the opposite of yesterday’s; 37 up, 11 down and 1 unchanged. Freaky.
What we had today is probably what we will have tomorrow, slow and dull with a lot of drifting. Have a good evening.
P.S. At the top I referenced “treading water and snoozing”. PLEASE, do not try that. Very bad for you. (disclaimer in place)