KFTX Fintech Index-2/21 Daily Closing Analysis

Blah, Blah Blah! New highs, new highs new highs. Yeah, yeah yeah. Anyway, you get the picture. The KBW NASDAQ fintech index climbed another 5.44 points (+0.48%) to close at 1139.28 which is, another all time high. Go figure.

So, within the 50 stocks that make up the KFTX, let’s go mining and dig up the ones that had a 2 point and/or 3% move today.

ADS  +4.42  (239.46)

Wow! Only 1 issue on the list today. Oh well, let’s go right to the advance/decline and see that there were 36 issues up and 14 down.

Since it is a short 4 day trading week and now only 3 days left, what to look forward to? I know what you are saying, “Duh, up and new highs idiot”. Which could be partly true (idiot) but REALLY, new highs every day? I am still preaching caution BUT respecting the market rallying. Looks like the rest of the week may actually be just like today. Going back to scratching my head. Have a super evening.

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