KFTX Fintech Index Daily Closing Analysis for February 23, 2017

Nasdaq KFTX Fintech Index
Surprise, new highs. Yes, again, and fintech led the way today with the KFTX closing at 1147 (new all time high), up 7.26 points (+0.64%) and outperforming most other indices. It must be noted, all thanks to just 3 of the index’s 50 issues. (more below)
Right now let’s find those 3 stocks* and any others that changed at least 2 points and/or 3%.

ADS  +2.55  (242.42)
GDOT  +2.10  (28.88)  +7.84% *
SQ  +2.11  (17.15)  +14.03% *
TREE  +10.10  (122.25)  +9.01% *
VIRT  -.65  (18.05)  -3.48%

Where are we (fintech) going. Sleepy markets, no volatility, fewer issues moving indices and, as they say, “high and calm”. This all looks to me like a very sleepy hung over person walking on the side of a cliff looking at their iPhone. What could go wrong?

Urge caution. Have a super evening.

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