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TD Ameritrade Investor Movement Index: IMX Reaches Highest Point in 2019 Amid Market Highs, Holiday OptimismThe Investor Movement Index® (IMXSM) increased to 5.17 in November, up 6.8 percent from its October score of 4.84. The IMX is TD Ameritrade's proprietary, behavior-based index, aggregating Main Street investor positions and activity to measure what investors actually were doing and how they were positioned in the markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191209005113/en/ TD Ameritrade Nov. 2019 Investor Movement Index (Graphic: TD Ameritrade) Though the IMX came in at its highest point since November 2018, the reading still ranks as "Moderately Low" compared to historic averages. "There was a lot to like in November, including better-than-expected earnings and optimism surrounding trade," said JJ Kinahan, chief market strategist at TD Ameritrade. "The signs were there for a strong holiday season, and with that investors were more willing to increase their exposure to the market, ending the period as net buyers of equities." Equity markets increased during the November IMX period, with all three major U.S. indices notching records. The S&P 500 increased past 3,100 for the first time ever, while the Dow Jones Industrial Average breached 28,000 for the first time, with the indices up 3.9 percent and 4.1 percent respectively. The Nasdaq Composite, up 5.1 percent, produced the best gains. Retail investors at TD Ameritrade net bought popular names during the November IMX period, including:
TD Ameritrade clients also used market highs to net sell some popular names, including:
Millennial Buys & Sells
Black Friday (News - Alert) Trading
More than one-third (34 percent) of the trades placed on Black Friday were placed through a mobile device, a record high. In 2018, 31 percet of Black Friday retail trades were placed on mobile devices. "Once the Thanksgiving leftovers are cleared away, we've found that many investors use their mobile devices to stay engaged with the market while spending time with family and friends," said Kinahan. "Our clients' appetite for market access via mobile has continued to increase every year, and Black Friday is the perfect example of this." TD Ameritrade also saw record-breaking mobile averages for its 2019 fiscal year (Oct.1, 2018 - Sept.30, 2019), including:
About the IMX
For more information on the Investor Movement Index, including historical IMX data going back to January 2010; to view the full report from November 2019; 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. All investments involve risk including the possible loss of principal. Please consider all risks and objectives before investing. 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.
About TD Ameritrade Holding Corporation
Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org) / SIPC (www.SIPC.org) Source (News - Alert): TD Ameritrade Holding Corporation View source version on businesswire.com: https://www.businesswire.com/news/home/20191209005113/en/ |