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TD Ameritrade's October IMX Summary

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TD Ameritrade published their October 2013 Investor Movement Index (IMX) Summary.

October's IMX score was 5.07. up 0.10 or 2.01 percent. TD Ameritrade noted that investor clients "increased their equity market exposure." The report commented that net buying activity favored Facebook (NASDAQ: FB), The Coca-Cola Company (NYSE: KO), J.C. Penney (NYSE: JCP), and Micron Technology (NASDAQ: MU). Clients were net sellers of Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Alcoa (NYSE: AA).

Rite Aid (NYSE: RAD), Yahoo! (NASDAQ: YHOO), AT&T (NYSE: T), Verizon Communications (NYSE: VZ) and Kinder Morgan Energy Partners, L.P. (NYSE: KMP) were other popular buys. Other names sold include Google (NASDAQ: GOOG), The Home Depot (NYSE: HD) and Zynga (NASDAQ: ZNGA).

TD Ameritrade's IMX is a proprietary indication of retail investors' portfolios, measuring how investors are positioned in the markets from a monthly sample of investor clients.

Posted-In: TD AmeritradeNews

 

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