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TD Ameritrade’s Investor Movement Index: IMX Reading Moves In Positive Direction After Recent Negative Trending

TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYSE: AMTD), is today revealing the Investor Movement Index SM reading for June 2013. The Investor Movement Index, or the IMX SM, 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.

The June 2013 Investor Movement Index for the four weeks ending June 28, 2013, reveals:
  • Reading: 5.15 (compared to 5.02 in May)
  • Trend direction: Positive
  • Trend length: 1 month
  • Score relative to historic ranges: High

June’s IMX reading marks a turn in a positive direction after two consecutive months of declines. Clients ramped up their equity market exposure as they were net buyers of equities and sold fixed income mutual funds and ETFs. In June clients continued to have an overall bullish positioning. The IMX bounced higher while the S&P 500 hit an intra-month low almost 6% lower than the record high reached in May. After dialing back equity market exposure in May, many clients treated the dip in June as a buying opportunity and increased their equity market exposure. June’s IMX reading was at the high end of a more than three year history. Clients were net buyers of most sectors. Consumer goods and basic materials attracted the most net buying activity.

“It’s interesting to see the IMX bounce in June as investors led the recent S&P 500 dip,” said Nicole Sherrod, managing director of TD Ameritrade’s Trader Group. “This indicates that investors got the pullback they anticipated and in response there were days in June when our clients were heavy buyers, dialing up their equity market exposure.”

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