TD Ameritrade Investor Movement Index: August IMX Hits Record-Breaking High for Third Consecutive Month
September 05 2017 - 12:30PM
Business Wire
IMX has longest streak on record for posting
new monthly highs in a single year
The August 2017 Investor Movement Index® continued on an upward
trajectory, reaching a new all-time-high reading of 7.45, TD
Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of
TD Ameritrade Holding Corporation (Nasdaq: AMTD), announced today.
The Investor Movement Index, or the IMXSM, is a proprietary,
behavior-based index created by TD Ameritrade that aggregates Main
Street investor positions and activity to measure what investors
are actually doing and how they are positioned in the markets.
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View the full release here:
http://www.businesswire.com/news/home/20170905005221/en/
TD Ameritrade August 2017 Investor
Movement Index (Graphic: TD Ameritrade)
The August 2017 Investor Movement Index for the four weeks
ending August 25, 2017, reveals:
- Reading: 7.45 (compared to 7.09 in
July)
- Trend direction: Positive
- Trend length: 4 months
- Score relative to historic ranges:
High
TD Ameritrade clients remained steadfast net buyers during the
month of August, resulting in one of the longest buying streaks –
seven consecutive months – in the history of the IMX. Increased
equity exposure from net buying, coupled with higher volatility in
some widely held names, caused the August IMX to jump more than 5
percent from the prior month. The VIX increased 32 percent, while
major indices reached record highs at the start of the month then
dropped slightly – S&P 500 and Nasdaq Composite decreased by
more than one percent. Finally, as geopolitical strife resulted in
world-wide volatility, investors appeared to find additional buying
opportunity in market pullbacks and positive earnings reports.
“Our clients’ decision to continue buying reflects the
resiliency of the markets, even in the face of geopolitical
tensions,” said JJ Kinahan, chief market strategist at TD
Ameritrade.
TD Ameritrade clients used volatility in some large names as a
buying opportunity in August. Amazon Inc. (AMZN) and Alphabet Inc.
(GOOG) both saw pullbacks in share prices during the period, and
were net buys. Costco Corp. (COST) traded down late in the period
following the Amazon and Whole Foods announcement of decreased
pricing, and was net bought. General Electric Inc. (GE) was also a
net buy after trading at 52-week lows. AT&T Inc. (T), which saw
its shares trend downward during the period, was also a net buy.
Nvidia Inc. (NVDA) and Alibaba (BABA), both of which set all-time
highs during the period and are up substantially year-over-year,
were also net bought. Snap Inc. (SNAP), which traded at its lowest
price since its IPO in March, was also a net buy. Additional
popular names bought include Tesla Inc. (T), RiteAid (RAD) and
Microsoft Inc. (MSFT).
Some popular and widely held names were also sold during the
August period. Wells Fargo Inc. (WFC) continued to trade lower
during the month following more negative headlines surrounding its
predatory lending and was net sold. Twitter Inc. (TWTR), which
continued to trade lower during the period and received an analyst
downgrade, was also a net sell. Nike (NKE) was also a net sell
following a drop in sales of sneakers at retailers like Foot
Locker, with the stock down 8 percent during the period. General
Motors (GM), despite announcing its own ride-hailing app during the
period, was also a net sell. Frontier Communications Corp. (FTR)
was a net sell following its continued downtrend over the past 52
weeks. Additional names sold include Arconic Inc. (ARNC) and Alcoa
Inc. (AA).
About the IMX
The IMX value is calculated based on a complex proprietary
formula. Each month, TD Ameritrade pulls a sample from its client
base of 7 million funded accounts, which includes all accounts that
completed a trade in the past month. The holdings and positions of
this statistically significant sample are evaluated to calculate
individual scores, and the median of those scores represents the
monthly IMX.
For more information on the Investor Movement Index, including
historical IMX data going back to December 2010; to view the full
report from May 2017; or to sign up for future IMX news alerts,
please visit www.tdameritrade.com/IMX. Additionally, TD Ameritrade
clients can chart the IMX using the symbol $IMX in either the
thinkorswim® or TD Ameritrade Mobile Trader platforms.
Inclusion of specific security names in this commentary does not
constitute a recommendation from TD Ameritrade to buy, sell, or
hold.
Past performance of a security, strategy, or index is no
guarantee of future results or investment success.
Historical data should not be used alone when making investment
decisions. Please consult other sources of information and consider
your individual financial position and goals before making an
independent investment decision.
The IMX is not a tradable index. The IMX should not be used as
an indicator or predictor of future client trading volume or
financial performance for TD Ameritrade.
For the latest TD Ameritrade news and information, follow the
company on Twitter, @TDAmeritradePR.
Source: TD Ameritrade Holding Corporation
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment
advisors (RIAs) have turned to TD Ameritrade’s (Nasdaq:
AMTD) technology, people and education to help
make investing and trading easier to understand and do. Online or
over the phone. In a branch or with an independent RIA. First-timer
or sophisticated trader. Our clients want to take control, and we
help them decide how - bringing Wall Street to Main
Street for more than 40 years. TD Ameritrade has time and
again been recognized as a leader in investment services.
Please visit TD Ameritrade’s newsroom or www.amtd.com for
more information, or read our stories at Fresh Accounts.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org)/SIPC (www.SIPC.org).
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TD Ameritrade Holding CorporationFor Media:Christina Goethe,
201-369-8510Communications & Public
Affairschristina.goethe@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Investor
Relationsjeffrey.goeser@tdameritrade.com
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