TD Ameritrade’s (AMTD) Investor Movement Index showed clients were net buyers of equities for the month of June. In fact, the IMX saw its second largest increase month-over-month since the tracking of the index began. Chief Strategist, JJ Kinahan, tells TheStreet’s Jill Malandrino that the S&P 500 traded in one of the most historically tight percentage ranges for the month of June, but clients continued to pick and choose their spots by selling into strength and buying on weakness. Kinahan says clients used the strength in Facebook (FB) as a selling opportunity and bought positions in beaten-down Twitter (TWTR). Other popular buys included Apple (AAPL), Chevron (CVX), Chesapeake (CHK) and dividend payers like Johnson & Johnson (JNJ) and Procter & Gamble (PG).
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