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

1/20/17 Daily & Weekly Closing Analysis - NASDAQ Fintech Index (KFTX)

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Still snoozing. Another day to kick back and nap. Or, like millions everywhere, watch the inauguration and all the pageantry. Oh yeah, the markets were open and the KFTX drifted up 3.49 points (+0.32%) closing at 1092.80 if anybody noticed.

The movers of the day (if any) include any of the 49 issues in the fintech index that had a 2 point and/or 3% price change today.

EFX  -2.10  (118.08)
RATE  -.45  (11.10)  -3.90%

So, just 2 of those 49 stocks ‘danced’ a bit today and I guess the other 47 watched the inauguration. Advance/decline showed 36 issues up, 13 down and 0 unchanged. Happy Friday.

And now, for the week (drum roll please), the KFTX lost a whopping 1.46 points (0%) to settle at 1092.80. To be sure, it was a short 4 trading day week with the inauguration being the held on the final day which I am sure contributed to a lot of the quietness. Nonetheless, let’s take a look at the week’s stocks in the index that had a 3% move.

BKFS  -6.28%  (34.50)
BOFI  -6.58%  (27.14)
FIS  +3.65%  (79.79)
INFO  +4.41%  (38.79)
MCO  +4.09%  (101.02)
SEIC  -3.33%  (50.23)
SPGI  +3.05%  (116.00)
WU  -5.22%  (20.98)  (Huge fine, allegations of fraud, etc.)

Not a long list, but a sampling of the week’s ‘movers’. Advance/decline for the week was basically dead even with 24 stocks up, 23 down and 2 unchanged.

Elections, inaugurations, holidays and short weeks are all in the rearview mirror, so where do we go from here? Great question (I said to myself) and one very VERY important point; don’t make a direction assessment on a political view. If you are anti-Trump you are inclined to be bearish. If you are pro-Trump you are skewed bullish. Forget about it. Facts; KFTX (and all markets) are sitting at all time highs and have had a great run. More to go? Top? Buying is subdued and selling is nowhere to be seen (yet?).

Objective answer? Treading water for a while longer unless an outlier event strikes. Wait and see but “gut feel” says a couple of shorts may be in order and lighten up if you are long. Caution. Have a great week.