TD Ameritrade Investor Movement Index: IMX Breaks Above 6.0 For First Time, A Historic All-Time High
March 06 2017 - 12:30PM
Business Wire
Optimistic investors are net buyers as indices
reach new 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 February
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/20170306005441/en/
TD Ameritrade February 2017 Investor
Movement Index (Graphic: TD Ameritrade).
The February 2017 Investor Movement Index for the four weeks
ending February 24, 2017, reveals:
- Reading: 6.15 (compared to 5.71 in
January)
- Trend direction: Positive
- Trend length: 1 month
- Score relative to historic ranges:
High
February’s IMX rose to 6.15, breaking above 6.0 for the first
time, and surpassing the previous record high of 5.87 set in March
2014. Equity markets were on the rise during the February IMX
period with the Dow Jones Industrial Average posting their 11th
record high for the year. TD Ameritrade clients increased their
exposure to equity markets by rotating into diversified instruments
and buying popular stocks, like Amazon.com, Inc. (AMZN) and Nvidia
Corp. (NVDA).
“A year ago, retail clients were dialing back their equity
exposure and the February 2016 IMX was at 4.44,” said JJ Kinahan,
chief market strategist for TD Ameritrade. “Indices are now at an
all-time high as retail clients continued to increase their
exposure to equity markets. Investor confidence was further fueled
by February’s market highs, earnings and other macroeconomic
influences.”
In February, TD Ameritrade clients continued to be net buyers of
banks. JP Morgan Chase & Company (JPM) and Bank of America
Corp. (BAC) were both net buys. Nvidia Corp. (NVDA), which saw its
share price reach an all-time high early in the period, then large
decreases late in the period following downgrades by Wall Street,
was a net buy as well. Amazon.com Inc. (AMZN), which reported
better-than-expected earnings, was another net buy. Chesapeake
Energy Corp. (CHK), which has been under pressure following natural
gas prices trending lower, was another net buy. Teva Pharmaceutical
(TEVA) and Macy’s, Inc. (M), both of which reported upbeat
earnings, were also bought up. Additional popular names bought
included Dry Ships Inc. (DRYS) and Ford Motor (F).
Apple Inc. (AAPL) was once again net sold during the February
IMX period as the company’s market cap topped $700 billion and the
stock reached a new all-time high. Alcoa Corp. (AA) and Arconic
Inc. (ARNC), which previously comprised former Dow component Alcoa,
both trended upward during the period and were net sold. Energy
names ConocoPhillips Corp. (COP) and Kinder Morgan Inc. (KMI),
which each posted decreases during the period, were net sold. Walt
Disney Co. (DIS) and Yahoo! Inc. (YHOO) both saw new 12-month highs
and were also sold. Tesla Motors, Inc. (TSLA) was net sold after
reaching a new all-time high in the middle of the period.
Additional popular names sold include Chipotle Mexican Grill, Inc.
(CMG) and Alibaba Group Holding (BABA).
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 6 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 February 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/20170306005441/en/
For Media:TD Ameritrade Holding CorporationKim Hillyer,
402-574-6523Communications & Public
Affairskim.hillyer@tdameritrade.com@TDAmeritradePRorFor
Investors:TD Ameritrade Holding CorporationJeff Goeser,
402-597-8464Investor Relationsjeffrey.goeser@tdameritrade.com
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