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

1/6/17 Daily & Weekly Closing Analysis - NASDAQ Fintech Index (KFTX)

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Fresh new highs. Fintech keeps on climbing and hitting new highs with the KFTX closing at 1093.45, up 5.39 points (+0.50%). Seems like the train left the station and is picking up speed. Woo Hoo!!

With the index ‘way up here’, let’s check the stocks in the KFTX that had a 2 point move and/or 3%.

MKTX  +4.44  (157.15)

 

SPGI  +2.01  (114.60)

 

SQ  +.44  (15.00)  +3.02%

WOW! That’s a whopping 300% more than yesterday. Remember, yesterday (Thursday) had no stocks on the list. What does that mean? I have no idea but I liked putting that in there. Breadth had 35 issues up, 14 down and 0 unchanged.

For the week, the NASDAQ fintech index jumped up 37.47 points to close at 1093.45 which equates to a nice +3.5% gain this past week. And (drum roll please), an new all time high. Short week, new highs. Cool.

Let see which stocks in the KFTX moved + or – 3% on the week.

 

ADS  +3.11%  (236.32)

 

ENV  +3.52%  (36.75)

 

FDC  +8.51%  (15.46)

 

FDS  +5.89%  (170.74)

 

FLT  +4.90%  (148.40)

 

GDOT +6.32%  (25.07)

 

GPN  +6.75%  (74.45)

 

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