Seeking Alpha

TD Ameritrade index shows clients buying August's dip

The TD Ameritrade Investor Movement Index increased 5.95% to 5.16 in August as markets stumbled, meaning clients continued their pattern of selling the rips and buying the dips - the index previously fell in July as stocks rallied.

There was no contrarian action in Tesla (TSLA), where clients continued to buy as it gained for the month. Dip-buying was notable, however, in a number of basic material companies, including BP, Kinder Morgan (KMP), and Potash (POT).

Clients were net sellers in financial names like Bank of America (BAC) and Goldman Sachs (GS), and they faded rallies in Apple (AAPL) and Facebook (FB). Other popular names sold included Chesapeake Energy (CHK), Merck (MRK), and Qualcomm (QCOM).

From other sites
Comments (5)
  • Brian Bobbitt
    , contributor
    Comments (2068) | Send Message
    At present, my money managers are NOT selling my holdings. They know I will not be angry if I am out and the market rises without me. I am very conservative so if they are IN, then take that as a 'what your friend is doing', See my stock talks for which I am staying in, including NLY,
    Capt. Brian
    The Lost Navigator
    9 Sep 2013, 11:23 PM Reply Like
  • sws1967
    , contributor
    Comments (109) | Send Message
    Not sure I understand your comment - your positions are NOT being sold, therefore you are IN the market, yet you say you are conservative and okay if the market rises without you....which sounds like they would have SOLD your positions?


    My 3 cents:
    Anyway, I still haven't seen proof that buying and selling on a weekly or monthly, or daily, time-frame leads to better gains. Is anybody out there actually making 20% or more year over year by trading? Consistently? Or is it just something to do for fun?


    I sold my two utilities and added to financials in the spring, didn't sell anything else because I have too much cash already from all of my dividends and I don't see a better place to put that cash right now.
    10 Sep 2013, 12:22 AM Reply Like
    , contributor
    Comments (2) | Send Message
    i like your opinion, how do you rate F.B. at this stage?
    10 Sep 2013, 09:05 AM Reply Like
  • Dividends#1
    , contributor
    Comments (3520) | Send Message


    Very few make money trading over the long run. Out of the people who make money trading they live with more stress then is probably good for ones health. Very few traders ( successful or unsuccessful at making money) live healthy lifestyles. They sleep poorly and eat poor diets. Bottom line is VERY FEW TRADERS live a healthy life.


    I am currently letting my dividends make me a successful investor which enables me to live a healthy lifestyle. Dividends make you money 24 hours a day 7 days a week 365 days a year. Even though my companies only pay quarterly, I consider the total payment and divide by 365 to determine how much I make while I sleep at night. So, for example if I collect 100K in dividends after paying all taxes due, my daily payment would be $274 a day tax free. I like the thought of making tax free money while I sleep.


    The majority of my dividends are coming from my ROTH IRA tax and penalty free and my taxable dividend income in retirement will be small.
    10 Sep 2013, 08:30 AM Reply Like
  • futuretrade
    , contributor
    Comments (1060) | Send Message
    SOLAZYME! Get it before the jump.
    10 Sep 2013, 07:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs