TD Ameritrade's IMX Sentiment for Jul. Up 3+% to 5.85

The IMX advanced to 5.85 in July, marking its second-highest reading since inception. The IMX remained relatively flat from April 2014 through June 2014, but then jumped higher in July and came in at 5.85, which was near the March 2014 high of 5.87. TD Ameritrade clients increased their equity market exposure in July as new all-time highs were hit by major indexes including the S&P 500, Nasdaq Composite, Dow Jones Industrials, and the Russell 2000. Volatility remained low in the large cap indexes, as they seemed range-bound amid geopolitical tensions related to Ukraine and the Middle East. However, the Russell 2000 small cap index had declined 6 percent as of July 25 from the July 3 high. Trading Net buying activity was spread across several sectors in July, and clients were net buyers overall. GoPro (GPRO), which held its IPO at the end of June, was a popular buy as clients began to build positions in it. Gilead Sciences Inc. (GILD) dipped in July, but then continued its trend higher as clients bought shares of the biotech firm. Clients were also net buyers of Yahoo Inc. (YHOO), which has been range bound for the last few months. Another popular buy was Whole Foods Market (WFM); the stock continued to trade lower in July and some clients treated the decline as a buying opportunity, adding shares to their portfolios. Additional popular names bought included Rite AID (RAD) and Micron Technology (MU). Although clients were net buyers overall, both the technology and financial sectors were net sold, and selling activity was similar to last month. Within the technology sector many clients were net sellers of Intel Corp (INTC), Facebook (FB), CISCO Systems (CSCO), and Microsoft Corp. (MSFT). Selling activity in the financial sector included Bank of America (BAC) and Citigroup (C). However, each of these technology and financial sector stocks continue to be widely held by TD Ameritrade clients. Additional popular names sold included Ford Motor Company (F) and Sirius (SIRI).