TD Ameritrade's Investor Movement Index: IMX Reading Still at a Bullish Level despite Recent Dips

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TD Ameritrade's Investor Movement Index: IMX Reading Still at a Bullish Level despite Recent Dips

Investors sell and dial back on equities as S&P 500 rallies to new highs

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 May 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 May 2013 Investor Movement Index for the five weeks ending May 31, 2013, reveals:

  • Score: 5.02 (compared to 5.31 in April)

  • Trend direction: Negative

  • Trend length: 2 months

  • Score relative to historic ranges: Moderately High

May's IMX reading marks the second consecutive month of declines. Clients were net sellers of equities and dialed back equity market exposure as the S&P rallied to new highs. Although the IMX has decreased, it remains relatively high compared to historical levels, indicating that clients are maintaining a high level of equity market exposure and bullish positioning.

"Some clients became skeptical of the rally to new highs," said Nicole Sherrod, managing director of TD Ameritrade's Trader Group. "Our May IMX reading shows that our clients were lightening positions as the market rallied, reducing their equity market exposure."

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 report from April 2013, 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.

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.

AMTD-G

About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade's (NYS: 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 37 years. An official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, 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)/NFA (www.nfa.futures.org)



TD Ameritrade Holding Corporation
For Media:
Beth Evegan, 201-369-5930
Manager, Communications & Public Affairs
beth.evegan@tdameritrade.com
@TDAmeritradePR
or
For Investors:
Jeff Goeser, 402-597-8464
Director, Investor Relations & Finance
jeffrey.goeser@tdameritrade.com

KEYWORDS: United States North America Nebraska

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