Clients were net sellers of stocks in May, according to the TD Ameritrade Investor Movement...


Clients were net sellers of stocks in May, according to the TD Ameritrade Investor Movement Index. The gauge declined for a 2nd consecutive month to 5.02 from 5.31 previously. Clients were net buyers across the materials sector (XLB), but reduced exposure elsewhere. After steadily accumulating the stock for months, clients turned net sellers of Apple (AAPL). Other tech names seeing selling: MSFT, CSCO, INTC. Notable buying activity: TSLA, BRK.B, KMP, VALE, LINE.

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Comments (15)
  • imac007
    , contributor
    Comments (741) | Send Message
     
    On a purely logical basis this is absurd. Every transaction has a seller and a buyer. The concept of a reduced exposure can only apply to a group of stocks or clients, not the market as a whole. In this case, it is a comment on only clients of this brokerage. It also means there is a brokerage(s) where the reverse is true. Price of the stock is the true measure. At the start of May the price AAPL traded for was $440 and at the month end $450. If there was more seller pressure than buyer demand market dynamics would have pushed the price down not up. The index is fluff.
    11 Jun 2013, 08:49 AM Reply Like
  • milehr
    , contributor
    Comments (685) | Send Message
     
    So?
    11 Jun 2013, 08:51 AM Reply Like
  • RLLH
    , contributor
    Comments (609) | Send Message
     
    Here's a partial explanation. I have been one of the phantom buyers, but doing so through E-Trade.. So the equation remains in balance; net buyers = net sellers.
    11 Jun 2013, 10:23 AM Reply Like
  • montie
    , contributor
    Comments (9) | Send Message
     
    I'm surprised more people isn't buying linn eng. at the present
    Price it's a gift.
    11 Jun 2013, 10:35 AM Reply Like
  • Vico Confino
    , contributor
    Comments (249) | Send Message
     
    Vico Confino
    Just a note to let you know that after reading this article I have added a new word to my critiques.
    We have naysayers, we have numbers crunchers, we have wannabees, we have never-was, we have never-will-bees and now I have added, mumbo-jumbo artists.
    By providing nonsensical verbiage at a penny word these purveyors
    of unintelligible and irrelevant prose, raises only one question.
    What the hell are you talking about?
    Who am I?
    Just an eighty year old kid from Brooklyn, NY who is an extremely happy owner of a Tesla S electric auto.
    Got to unplug my fully charged Tesla and get work.
    Have a great day,
    Vico Confino
    11 Jun 2013, 11:19 AM Reply Like
  • elliot_mllr
    , contributor
    Comments (1909) | Send Message
     
    Vico:
    I'm a 79 year old kid from Brooklyn. The Tesla seems like a real break through as a car, but according to the current Barron's issue, not so much for the stock.
    Elliot Miller
    12 Jun 2013, 09:15 AM Reply Like
  • Vico Confino
    , contributor
    Comments (249) | Send Message
     
    Hi Elliot (old man)
    I ordered my Tesla over 2 years ago and received it in Dec. 2012.
    Also purchased Tesla stock.
    Sold 25% of my Tesla stock to pay for the auto.
    If I was as well informed as the numbers crunchers seem to be, I would still be driving my first car (1937 Pontiac).
    The way I figure it, the Tesla cost me "0".
    I had previously never profited from any stock I purchased and I figured out why. Because I listened to the "experts".
    Stay well,
    Vico Confino
    12 Jun 2013, 04:02 PM Reply Like
  • pocohonta
    , contributor
    Comments (662) | Send Message
     
    The TD Ameritrade index and all other similar retail brokerage indices are measurement of DUMB MONEY from RETAIL INVESTORS. It's a contrarian indicator.
    11 Jun 2013, 11:36 AM Reply Like
  • sws1967
    , contributor
    Comments (109) | Send Message
     
    I wouldn't take the risk of assuming that either...my strategy isn't affected by what some people at TD choose to do with their accounts, i.e., I would throw this information out and not consider it useful.
    11 Jun 2013, 01:21 PM Reply Like
  • RSRinehart
    , contributor
    Comments (609) | Send Message
     
    Well it does say TD client activity, so unless you are a TD client, and possibly even then, this information is basicly meaningless and pretty much useless.
    11 Jun 2013, 01:48 PM Reply Like
  • Jazz36
    , contributor
    Comments (25) | Send Message
     
    Well, I am a TD client and I did buy INTC. hmmm...
    11 Jun 2013, 07:43 PM Reply Like
  • unclemike7849
    , contributor
    Comments (364) | Send Message
     
    "Notable Buying Activity": VALE

     

    Vale is down 2% today................has been going down steadily for weeks now.
    11 Jun 2013, 01:25 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    Great dividend. Picked up more today. I'm not looking for a quick change; this is a long term holding. Hitting 2009 lows and may retest 2008 lows over the next couple months.

     

    China would need to go into recession, and India would need to increase ship breaking activity to change the ore and steel markets. The problem in China at the moment is that there are too many steel manufacturers. So we may see some failures of companies in China, which would clear out the market. The bear market in iron ore will not last that long.
    11 Jun 2013, 02:37 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7055) | Send Message
     
    (VALE) is very undervalued. It is the largest iron ore miner in the world. If auto sales are rising, steel is needed. Iron ore is used to make steel. Also watch (CLF).
    11 Jun 2013, 10:38 PM Reply Like
  • toomuchgas
    , contributor
    Comments (1019) | Send Message
     
    Glad there are people out there that can afford a Tesla and are happy with it. However, I have better places to put my hard earned money.
    13 Jun 2013, 11:30 PM Reply Like
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