By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
9/15/16 Daily Closing Analysis - NASDAQ Fintech Index (KFTX)
Back up. Markets jumped higher led by techs and that made the KFTX close higher at 1038.87, a jolly plus 13.52 points (+1.32%). Again, fintech remains strong.
With the markets so strong it’s surprising that only three of the index’s issues had intraday moves of +/– 3%. HAWK, down over -3% early, on finished at 30.69 off -2.42%. GPN jumped 2.53 to close at 76.05, +3.44%, and LC rallied .42 to close at 6.17, a nice +7.30%.
Other stocks with moves over two points included:
ADS +2.19 (215.40)
EFX +2.45 (134.35)
FDS +3.06 (178.04)
FICO +3.19 (131.37)
GPN +2.53 (76.05)
MKTX +3.82 (173.34)
PYPL +.87 (40.83) &
SPGI +2.59 (124.11)
So, Friday is here and the end of the week. Option expiration is pretty much in the books. Will the roller coaster continue or is it just a pause to change riders? No answer, just asking.