[July 06, 2015] |
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TD Ameritrade's Investor Movement Index: Registers Second Largest Month-to-Month Gain Since December 2012
TD Ameritrade, Inc. ("TD Ameritrade"), a broker-dealer subsidiary of TD
Ameritrade Holding Corporation (NYSE: AMTD), is today releasing the
Investor Movement Index® reading for June 2015. 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:
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The June 2015 Investor Movement Index for the four weeks ending June 26,
2015, reveals:
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Reading: 5.32 (compared to 4.91 in May)
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Trend direction: Positive
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Trend length: 2 months
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Score relative to historic ranges: Moderately High
Equity market exposure in TD Ameritrade client accounts rose
month-over-month as the IMX
increased to 5.32 in June.
TD Ameritrade clients were net buyers of equities for a second month in
a row, which helped the IMX register its second largest month-to-month
increase since tracking began in December 2012. Similar to the activity
in May, increases in volatility for some of the most widely held names
and relatively low volatility in the S&P 500 helped to boost the IMX
reading.
The major indices saw a broad mix of returns over the June IMX period.
The Russell 2000 gained 2.67% during the month and set a new all-time
high during the fourth week. The NASDAQ Composite began the period near
its previous high and also set a new all-time high during the fourth
week, ending the period 0.21% higher. The S&P 500 and the Dow Jones
Industrial Average, both of which set new highs last month, ended the
June period slightly lower than where they began, off 0.28% and 0.36%
respectively. Even with the S&P ending lower for the month, volatility
in the index as measured by the VIX continued to be range bound and
briefly traded below 12 near the end of the period. The 10-Year and
30-Year Treasury rate indexes continued to climb higher, with the
30-Year index setting a new year-to-date high to end the period. Also of
note was the June Federal Reserve meeting and its projection materials,
commonly referred to as the 'dot plot', showing a tighter consensus
about where rates will end the year.
"The first half of the year the S&P remained in one of the tightest
percentage ranges as related to movement in history," said JJ Kinahan,
chief strategist, TD Ameritrade. "However clients continued to find
potential opportunities in the equity markets. In doing so they have
selectively dialed up their exposure over the last two months."
Some popular names saw price declines in the June IMX period and were
popular net buys. Apple Inc. (AAPL) and Twitter (News - Alert) Inc. (TWTR), both of
which contined their downward trends into June, were net buys as
traders seemed to treat the lower prices as an opportunity to build
positions. Oil producer Chevron (News - Alert) Corp. (CVX) was a net buy as it crossed
through a previous low set at in March 2015, around the time when the
price of crude oil began stabilize after as sharp decline. Chesapeake
Energy Corp. (CHK), also and energy producer in the basic materials
sector, was a net buy as it reached a new 52-week low in June. Dividend
payers Johnson and Johnson (JNJ) and Procter and Gamble Co. (PG) have
been under pressure this year; both have a dividend yield of over 3% and
were net buys as well.
Many of the names that were popular sells in May continued to be popular
net sells in June. General Electric Co. (GE) and Sirius XM Holdings
(SIRI), which have been recently range bound, were both net sells in May
and again in June. Bank of America Corp. (BAC) and Citigroup Inc. (C)
were also popular net sells in May and June following steady increases
in their share prices since March. Facebook (News - Alert) Inc. (FB) was issued a
higher price target by two investment firms and was also a popular net
sell. AOL Inc. (AOL) was a net sell as it announced the closing of a
deal to be acquired by Verizon (News - Alert) Communications Inc. (VZ).
The IMX value is calculated based on a complex proprietary formula. Each
month, TD Ameritrade pulls a sample from its client base of 6 million
funded accounts that 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 June 2015, 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 (News - Alert): TD Ameritrade Holding Corporation
About TD Ameritrade Holding Corporation Millions of
investors and independent registered investment advisors (RIAs) have
turned to TD Ameritrade's (NYSE: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 39
years. An official
sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, 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)
View source version on businesswire.com: http://www.businesswire.com/news/home/20150706005139/en/
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