By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
9/14/16 Daily Closing Analysis – NASDAQ Fintech Index (KFTX)
Flat! A bit of a snooze in the markets today. Fintech a touch softer than the larger NASDAQ composite and the more focused KFTX index finished at 1025.37, down -4.20 or -0.41%. Let’s see if we can find some action.
Action? Well, only two stocks breached our +/– 3% range today. LC and SSNC were both up over 3% early but SSNC finished down on the day (31.89/-.72%) and LC closed unchanged at 5.75. Not one of the forty nine issues closed with a 2 point move…….either way.
Looking ahead (but watch your back) the main news flow will be next week with all kinds of worldwide central bank announcements. Snoozing can bring on nightmares.