Back to yawning. Yup, slow and sleepy but that might be Super Bowl fallout. Sleepy or not the KFTX did trade today and lost 6.86 points (-0.62%) closing at 1107.60. Looks like the same start last week had.
So, let’s check the “movement club” and see which stocks in the 50 stock index managed a 2 point and/or 3% change today.
CATM -4.49 (51.19) -8.06%
FLT -3.02 (147.70)
RATE -.50 (10.65) -4.48%
WETF -.28 (8.67) -3.13%
Just 4 stocks with a significant change BUT there are a whole lot of these issues in the KFTX that are just ‘hanging out’ with only pennies for changes. Advance decline had 11 up, 39 down and 0 unchanged. Getting to be “non-plused” by this fintech action.
Well, we know Monday was slow. Rest of the week kinda looking the same. Nothing in the news department to get worked up for. The longer this type of slow, sleepy unconcerned ‘action’ goes on the more concerned I get. Take a closer look at some selected short ideas. Fintech is looking stretched and tired. Have a good evening.
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By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group