By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
11/17/16 Daily Closing Analysis & Week End Review - NASDAQ Fintech Index (KFTX)
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Still climbing. The NASDAQ KFTX fintech index stepped up another 9.53 points today to close at 1050.37, a nice +0.92% move. Don’t look now but there seems to be a nice uptrend in place since the first of the month. In fact, the fintech index is only about 4-5 points away from its Sept. 2nd all time high (1054.73).
Where is this action and move taking place you ask? I knew you would so here are today’s 2 point and/or 3% move:
ADS +6.84 (217.55) +3.25%
BOFI -1.38 922.67) -5.74%
BR +2.12 (64.89) +3.38%
DNB +3.37 (121.62)
EFX +2.31 (121.81)
ENV +1.11 (317.91) +3.00%
FDS +3.02 (162.46)
FLT +5.07 (150.70) 3.48%
LC -.32 (6.06) -5.02 (Article in FintekNews saying defaults up)
MCO +2.89 (101.20)
MKTX +5.19 (171.02) +3.13%
End of today’s players. Breadth; 40 issues up, 7 down and 2 unchanged. Very nice and very broad.
Tomorrow (Friday) should be a slow day. Upward bias is intact going into the weekend before Thanksgiving week which is traditionally slow. So, probably new fintech highs and turkey too? Whoa! Or gobble gobble! Have a nice relaxing evening.