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TD Ameritrade's Investor Movement Index: March Numbers Rise as Low Market Volatility Continues

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By Business Wirevia The Motley Fool

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TD Ameritrade’s Investor Movement Index: March Numbers Rise as Low Market Volatility Continues

Investors remain bullish as IMX trends upward for seven of the past nine months

OMAHA, Neb.–(BUSINESS WIRE)– TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYS: AMTD) , is today revealing the Investor Movement IndexSM score for March 2013. 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.

The March 2013 Investor Movement Index for the five weeks ending March 28, 2013, reveals:

  • Score: 5.37 (compared to 5.14 in February)
  • Trend direction: Positive
  • Trend length: 2 months
  • Score relative to historic ranges: High

Following a spike in February, the IMX numbers for March are currently the highest the Company has on record since June 2011, adding to an ongoing bullish trend among the Company’s retail investor base spanning seven of the past nine months. TD Ameritrade’s retail clients continued to rotate their positions throughout the month, selling securities at highs and buying into lows. March also saw an increased number of clients seeking out stocks with higher dividend yields and holding positions with higher relative volatility compared to that of the general market.

“March’s IMX score indicates that our retail clients remain diligent in increasing their exposure carefully,” said Steve Quirk, senior vice president of TD Ameritrade’s Trader Group. “In this period of low volatility and a rising market, clients are leaning toward selection of yields and individual equities.”

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 that includes all accounts that completed a trade in the past two months. 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 …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

TD Ameritrade's Investor Movement Index: February Numbers Spike as a Result of Increased Equity Expo

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By Business Wirevia The Motley Fool

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TD Ameritrade’s Investor Movement Index: February Numbers Spike as a Result of Increased Equity Exposure and Low Market Volatility

IMX posts highest month-over-month increase as investor bullishness continues

OMAHA, Neb.–(BUSINESS WIRE)– TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYS: AMTD) , is today revealing the Investor Movement IndexSM score for February 2013. 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 actually positioned in the markets.

The February 2013 Investor Movement Index for the four weeks ending Feb. 22, 2013, reveals:

  • Score: 5.14 (compared to 4.71 in January)
  • Trend Direction: Positive
  • Trend Length: 1 Month
  • Score relative to historic ranges: High

February’s IMX score is the highest seen since June 2011 and part of an increasingly bullish trend spanning much of the last seven months. In February, retail investors at TD Ameritrade continued to show signs of bullishness. Net buyers in the markets, investors were rotating their equity exposure, selling securities at highs and buying into lows. Portfolio positioning also played a role in the higher monthly score. Volatility across the broad market, as measured by indicators like the VIX, was quite low in February. TD Ameritrade clients held or increased their exposure to securities with higher relative volatility compared to that of the general market. This was a key factor in the higher IMX score seen in February.

“This score is a contrast to January’s IMX number, which dipped slightly from December after several months of gains,” said Steve Quirk, senior vice president of TD Ameritrade’s Trader Group. “Given the circumstances around that time frame, such as uncertainty regarding the fiscal cliff and annual portfolio adjustments typically made at that time of year, it likely reflected unique conditions at year end. Now that those events are behind us, we are seeing results more aligned with national consumer sentiment indices.”

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 …read more
Source: FULL ARTICLE at DailyFinance