By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
12/6/16 Daily Closing Analysis – NASDAQ Fintech Index (KFTX)
Smaller jump up. Not quite half the jump higher of yesterday (hey, legs get tired) but still a solid gain for the NASDAQ fintech index. The KFTX settled at 1050.97, up 6.02 points (+0.58%) showing some firm footing so far this week.
Now here comes the section were we take a look at stocks in the index that managed a 2 point move as well as those that moved 3%.
ADS +3.77 (227.16)
BOFI +.93 (25.30) +3.82%
LC +.40 (5.68) +7.58% Awww! Our little issue is back moving again.
MKTX +2.32 (166.38)
WU +.74 (21.63) +3.54%
Really? Just 5 of those 49 issues had the ‘nerve’ to stand out and be noticed for big moves? Let’s not be shy out there. Hit the dance floor. In the midst of the ‘non-dancers’ overall, there were 32 stocks up, 16 down and 1 unchanged.
Seems the markets are slowing and waiting for next week’s FOMC meeting (rate raising party). Things are looking dull, and as soon as I say that…………well, you know. In any event, have a really good evening.