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)

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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.