By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
9/6/16 Analysis – NASDAQ Fintech Index (KFTX)
Slow market day. Labor Day weekend is behind us and a short week is now down to three days. Oh yeah, the NASDAQ fintech index closed slightly lower at 1053.33, down -1.41 (-0.13%). So far fintech is still the strongest sector and the place to be in this meandering market.
None of the forty nine components that make up the KFTX index moved +/– 3% intraday today. Only two stocks managed to move more than two points today; ADS added +3.18 to 213.08 and MKTX dropped -3.66 points to 168.88. Ho hum.
Expect the rest of the week to quiet as well. Check the newest college football rankings. Bigger movers (both up & down) in there.