KFTX Fintech Index-2/27 Closing Analysis

Nasdaq KFTX Fintech Index
Drinks on us. Alright, it’s fake news but had to do something to wake everybody up on another very slow sleepy day even though it was (all together now) “another all time high”. So yeah, the fintech index KFTX eased up 3.43 points (+0.30%) to settle at 1154.44.  Whoopee!

As might be expected with the slow day, the advance decline we basically even with 24 issues up and 26 down. Looking at the stocks that moved 2 points and/or 3% today we found these.

HAWK  +1.25  (37.85)  +3.42%

Yawn, only 1 out of the 50 stocks in the KFTX managed to ‘move’.

Tomorrow should be just as slow and dull as everyone (?) waits for new President Trump to make his speech to a joint congress tomorrow night. Just has to be entertaining (oh, what if fires them all on national TV). Friday will bring a speech by Fed Chair Yellen (no employment numbers this week, next week) which probably means little since the next Fed meeting is 14th-15th. Odds of rate hike have gone from 35% to 50% but market does not seem to care. So far. Caution warranted. Have a nice evening.