Retail Traders Dial Up Equity Exposure in March as VIX Remains Relatively Low

Homegamers dialed up equity exposure for the March 2015 reading of TD Ameritrade's Investor Movement Index (IMX), a proprietary, behavioral-based index that aggregates Main Street investor positions and activity to measure what investors are actually trading in the markets. Chief Strategist, JJ Kinahan, tells TheStreet's Jill Malandrino that net buys included Apple, Lumber Liquidators and energy stocks as the price of oil was trading in the low $40s. TD Ameritrade clients were net sellers in the financials like Citigroup and AIG, as well as dividend payers such as Ford and McDonald's. Kinahan also reviews trading patterns in 1Q15 and expects more range bound trading in the S&P 500 between 2050-2110, similar to what we have seen over the past few weeks.