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.