TD Ameritrade Investor Movement Index: IMX Sets New Record High For Second Consecutive Month
April 10 2017 - 12:30PM
Business Wire
Retail investors are net buyers as indices
continue to hit record highs
TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer
subsidiary of TD Ameritrade Holding Corporation (Nasdaq:AMTD), is
today releasing the Investor Movement Index® reading for March
2017. 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.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170410005848/en/
TD Ameritrade’s IMX reading for March
2017 (Graphic: TD Ameritrade)
The March 2017 Investor Movement Index for the five weeks ending
March 31, 2017, reveals:
- Reading: 6.22 (compared to 6.15 in
February)
- Trend direction: Positive
- Trend length: 3 month
- Score relative to historic ranges:
High
The March IMX increased to a record high for the second
consecutive month, reaching 6.22 and exceeding the previous record
set in February. TD Ameritrade clients continued to be net buyers
for a third month, increasing exposure to equity markets as indices
rallied to new highs in early March then pulled back near the end
of the month. Clients saw the slight market pullback as an
opportunity to increase equity exposure. Clients also saw the
Snapchat IPO as a buying opportunity in March.
“The IMX saw a slight uptick in March, reaching a record
territory once again,” said JJ Kinahan, chief market strategist for
TD Ameritrade. “Our clients continue to see good reason to stay
highly engaged in the markets as we approach corporate earnings and
policy decisions in DC.”
TD Ameritrade clients were net buyers of Snap, Inc. (SNAP) after
eagerly awaiting the social network’s IPO at beginning of March.
Nvidia (NVDA) and Chesapeake Energy Corp. (CHK) were both net buys,
as well as Advanced Micro Devices (AMD) who reached a 52-week high
early in the month. Berkshire Hathaway Inc. (BRK.B) and Bank of
America (BAC) were net buys despite having selloffs at the end of
the period. Additional popular companies that were bought during
March include STMicroelectronics (STM), Dry Ships Inc. (DRYS) and
Exxon Mobil Corp. (XOM).
After reaching a 52-week high in the previous period, Arconic
Inc. (ARNC) was once again net sold in March. Alibaba Group Holding
(BABA) posted a year-high during the March IMX period, however, was
still a top sell for TD Ameritrade clients. Walt Disney Co. (DIS)
was also a top net sell, despite its remake of “Beauty and the
Beast” selling over $750 million in tickets worldwide and helping
the stock price reach a 52-week high. Starbucks (SBUX) was also a
net sell as the company saw significant volatility after the CEO
announced his departure from the company. Technology companies
Hewlett Packard Co. (HPE) and Cisco Systems Inc. (CSCO), each of
which saw share price increases during the period, were net sold.
Following concern regarding overseas tax practices, Caterpillar
Inc. (CAT) was also among the top stocks sold. Additional popular
names sold include Yahoo Inc. (YHOO) and Kinder Morgan Energy
(KMI).
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 March 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.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
(www.FINRA.org)/SIPC (www.SIPC.org).
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version on businesswire.com: http://www.businesswire.com/news/home/20170410005848/en/
TD Ameritrade Holding CorporationFor Media:Kim Hillyer,
402-574-6523Communications & Public
Affairskim.hillyer@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Investor
Relationsjeffrey.goeser@tdameritrade.com
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