Jumping higher. A few days of sleepy and dull followed by a sharp move up to new highs. Pause, pause pause……….jump. If this were a casino (it’s NOT?) they would bring you drinks while you placed bets. Damn. In any event, the KFTX jumped up 10.51 points (+0.95%) to close at another new high at 1120.06.
As you might imagine, the breadth was very strong with 41 issues gaining and 9 issues anti-gaining. All 50 stocks moved so none unchanged today. Let’s find the stocks that moved 2 points and or 3% today.
ACIW +.65 (19.73) +3.41%
ADS +2.88 (228.64)
BOFI +.96 (29.53) +3.36%
CME +2.01 (118.58)
DNB -20.59 (101.88) -16.81% (whoa, someone didn’t get the rally memo)
EEFT +2.87 (79.77) +3.73%
EFX +6.14 (128.13) +5.03%
FICO +2.46 (125.43)
FLT +16.61 (167.86) +10.98% (yeah, got the memo here)
HAWK +1.25 (38.15) +3.39%
LC +.25 (6.45) +4.03%
MSCI -2.28 (90.33)
RATE -.35 (10.75) -3.15%
TRI -1.44 (43.24) -3.22%
WEX +3.51 (118.57) +3.05%
So, an expanded list compared to the last few day.
Well, they say (whoever “they” are) tress don’t grow to the sky, but I just checked out back and by golly I do believe I saw a tree bumping the blue. It just keeps growing. No risk at all out in fintech land. I still maintain that caution is in order BUT I certainly respect the panic buying scenario as well. Tomorrow? Probably back to dull and sleepy. You all have a nice evening, I see a martini calling.
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By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group