This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TD Ameritrade's Investor Movement Index (IMX) Vs. S&P 500 (Graphic: TD Ameritrade)

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 2014. 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 2014 Investor Movement Index for the four weeks ending June 27, 2014, reveals:
  • Reading: 5.67 (compared to 5.69 in May)
  • Trend direction: Negative
  • Trend length: 1 month
  • Score relative to historic ranges: High

The  IMX remained relatively flat month over month, as it declined 0.02 to end the June period at 5.67.

The IMX climbed to its highest level in March 2014, hitting 5.87, but has declined and trended sideways for the last few months. Volatility remained low in June while major U.S. equity indices including the S&P 500, Nasdaq Composite, and Dow Jones Industrials rose to new all-time highs. During the same period, the IMX remained at the high end of end of its bullish range as TD Ameritrade clients’ maintained high levels of market exposure in the face of the continued market rally.

“The individual investor continues to demonstrate high levels of participation in the face of this somewhat confusing low volume rally,” said Nicole Sherrod, managing director of the trader group, TD Ameritrade. “Our clients continued to use our tools and platforms which we believe help to level the playing field between what’s available to Wall Street and Main Street and bring clarity to the investing process.”

Apple’s (APPL) forward split during the June IMX period made it a popular trade, and many TD Ameritrade clients bought shares at the lower price point following the split. A rotation into yield was also a big theme in June. Clients were net buyers of some dividend-paying ETFs, as well as of some individual equities including Prospect Capital Corp (PSEC), AT&T (T) and Verizon (VZ). As we have seen before, issuers that saw dips in price during June were also popular buys. Some of these included Delta Airlines (DAL), Lululemon (LULU), and Rite-Aid (RAD). Selling in the technology sector was broad, and was reflected in net selling of some familiar names such as Intel (INTC), Cisco Systems (CSCO), Microsoft (MSFT), and Facebook (FB). Citigroup (C) and Bank of America (BAC) were popular sells in the financial sector. Clients also took profits in stocks that saw a price increase during the month reflecting net selling in Tesla (TSLA), Netflix (NFLX), and Baidu (BIDU).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 -0.60%
FB $101.91 0.90%
GOOG $683.11 -0.15%
TSLA $150.47 4.73%
YHOO $26.76 -1.25%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs