KFTX Fintech Index-1/12 Daily Closing Analysis

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

1/12/17 Daily & Weekly Closing Analysis – NASDAQ Fintech Index (KFTX)

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Into reverse. Bobbing and weaving and not going far. Today, the KFTX decided it liked Tuesday’s close so much that it would just go back there. Yup, the fintech index closed off 2.27 points (-0.21%) to settle at 1087.78……within pennies of Tuesday’s close. Oh the confusion.

It would seem that no stocks moved 2 points and/or 3% in this slow market, but let’s see.

RATE  -.35  (11.10)  -3.06%

Well there was 1 and that’s 1 more than yesterday. Woo Hoo. Advance/decline had 23 stocks up, 26 down and 0 unchanged. Yawn!

One more slow day left in this week……maybe. Last year’s 4th quarter earnings start coming in tomorrow and ‘ya never know’. Might be extra slow later in the day since Monday is a holiday (MLK Day) so……’ya never know’. Have a very nice evening.