By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
1/10/17 Daily & Weekly Closing Analysis - NASDAQ Fintech Index (KFTX)
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Super boring. Yeah, let’s tell it like it really is and it really is slow. Which would account for the KFTX slowly declining an ‘itsy bitsy’ 2.41 points and closing at 1097.33 off -0.22% . Is this a top, a rest or just a pause? Hmmmmm!!!
Think any of those 49 issues in the index moved 2 points and/or 3% today? I will look for all of us.
ADS -2.33 (235.26)
MCO -2.19 (94.67)
RATE +.35 (11.55) +3.13%
Well, that’s 3 more than I would have guessed. Advance/decline had 17 stocks up, 30 down and 2 unchanged.
Why should everything get crazy and all of a sudden have volatility spike? Well, an unforeseen event of course but if it’s unforeseen you can’t predict it, so expect more of the same boring dull stuff the next few days. Might be “nice” to sort of, kind of lighten up and just maybe a few well placed shorts. Just saying. Have a quiet evening.