FintekNews-KFTX Fintech Index-11/17 Daily Closing Analysis 

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

11/17/16 Daily Closing Analysis & Week End Review – NASDAQ Fintech Index (KFTX)

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Still climbing. The NASDAQ KFTX fintech index stepped up another 9.53 points today to close at 1050.37, a nice +0.92% move. Don’t look now but there seems to be a nice uptrend in place since the first of the month. In fact, the fintech index is only about 4-5 points away from its Sept. 2nd all time high (1054.73).

Where is this action and move taking place you ask? I knew you would so here are today’s 2 point and/or 3% move:

ADS  +6.84  (217.55)  +3.25%

BOFI  -1.38  922.67)  -5.74%

BR  +2.12  (64.89)  +3.38%

DNB  +3.37  (121.62) 

EFX  +2.31  (121.81)

ENV  +1.11  (317.91)  +3.00%

FDS  +3.02  (162.46)

FLT  +5.07  (150.70)  3.48%

LC  -.32  (6.06)  -5.02     (Article in FintekNews saying defaults up)

MCO  +2.89  (101.20) 

MKTX  +5.19  (171.02)  +3.13%

End of today’s players. Breadth; 40 issues up, 7 down and 2 unchanged. Very nice and very broad.

Tomorrow (Friday) should be a slow day. Upward bias is intact going into the weekend before Thanksgiving week which is traditionally slow. So, probably new fintech highs and turkey too? Whoa! Or gobble gobble! Have a nice relaxing evening.