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TD Ameritrade Index: Retailers Sold, Energy Shares Bought in March

Retail investors were net sellers in the month of March -- especially in retail stocks like Target (TGT - Get Report) , J.C. Penney (JCP - Get Report) and Alibaba Group Holding (BABA - Get Report) -- even as the S&P 500 pushed ahead, said J.J. Kinahan, chief strategist at TD Ameritrade (AMTD - Get Report) .

TD Ameritrade's Investor Movement Index (IMX) fell 2.5% in March to a 52-week low of 4.33 despite the S&P 500 rising 4.5% for the month. The IMX was negative for the third month in a row. The 52-week high for the IMX is 5.39.

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 month...


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