KFTX Fintech Index-1/23 Daily Closing Analysis

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

1/123/17 Daily Closing Analysis – NASDAQ Fintech Index (KFTX)


New week, old story. Yeah, new President, new week and no new market movement. Still sleepy and dull (go figure) and with that the KFTX struggled and finished with a small loss of 3.18 points (-0.29%) to close at 1089.69.

Let’s see where the “action” was in the fintech index and which stocks had a 2 point and/pr 3% move today.

ADS  -2.00  (228.55)
BOFI  -.83  (26.31)  -3.06%
VIRT  +.80  (17.20)  +4.88%

Not so many issues moving today. Advance/decline had 17 stocks up, 30 down and 2 unchanged. Blah.

So is the rest of the week just a recording of the last week or so? Maybe. Big earnings week with a whole ton of company’s reporting so individual issues may jump around but on the whole, not so much. Looks like another wait and see week.

Have a super night.