By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
12/19/16 Daily Closing Analysis - NASDAQ Fintech Index (KFTX)
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Nothing doing. Things are slowing down before the holidays and year end so not much fintech movement today. That’s reflected in the KFTX index only moving up slightly to 1069.02, a gain of 1.57 points (+0.15%). That’s almost exactly what it lost Friday. So here we are……again.
It’s always fun to check for any of the issues in the index that had a 2 point and/or 3% move, so let’s have some fun.
ACIW +.64 (18.71) +3.54%
ADS +2.13 (230.96)
BOFI +.92 (28.26) +3.37%
FLT -5.08 (142.96) -3.43%
LC -.16 (5.17) -3.00%
VIRT -.65 (15.55) -4.01%
WEX +4.00 (114.05) +3.63%
Well, the list had a few more than I bet on and the breadth finished with a basic tie today with 24 stocks up and 25 stocks down. What fun!
If you liked today you’re in luck because the rest of the week should be just about the same, with a slight upward bias. The bond markets closes early on Friday and next Monday all the markets will be closed. Yes, fintech too. Slow week. Have a great evening.