Market Maker Surveillance Report. GLD, IAU, S, EWJ, C, SPY, Highest Net Buy Volume With Lowest Price Friction For Monday, Dece
December 13, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Monday there were 2595 companies with "abnormal" market making, 2391 companies with positive Friction Factors and 3075 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Monday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. SPDR GOLD TRUST (NYSE:GLD), ISHARES COMEX GOLD TRUST (NYSE:IAU), SPRINT NEXTEL CORP (NYSE:S), ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ), CITIGROUP INC (NYSE:C), SPDR S&P 500 ETF TRUST (NYSE:SPY). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Market Maker Friction Factor is shown in the chart below:
Symbol Change Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction GLD $0.670 0.50% 8,126,197 60.08% 5,398,580 39.92% 2,727,617 40,711 IAU $0.060 0.44% 29,173,492 96.92% 927,858 3.08% 28,245,634 4,707,606 S $0.190 4.50% 38,580,202 49.58% 34,643,613 44.52% 3,936,589 207,189 EWJ $0.160 1.47% 11,587,666 57.27% 8,644,953 42.73% 2,942,713 183,920 C $0.030 0.63% 341,690,744 49.37% 335,670,157 48.50% 6,020,587 2,006,862 SPY $0.170 0.14% 64,757,947 52.64% 59,533,715 48.39% 5,224,232 307,308
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows SPY with a Net Buy Volume of 5,224,232 shares and a Friction Factor of 307,308 shares. That means that it takes 307,308 more shares of buying than selling to move SPY higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Monday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
SPDR GOLD TRUST (NYSE:GLD) - STREETTRACKS GOLD
ISHARES COMEX GOLD TRUST (NYSE:IAU) - ISHARES COMEX GOL
SPRINT NEXTEL CORP (NYSE:S) - Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies, as well as offers fourth generation wireless services. Its wireless data communications services comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools; and wireless voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and push-to-talk services, as well as roaming services. This segment sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as devices and accessories to agents and other third-party distributors for resale. In addition, it markets its post-paid services under the Sprint and Nextel names; prepaid services under the Boost Mobile, Virgin Mobile, and Assurance Wireless names. The companys Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol (IP), asynchronous transfer mode, IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.
ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ) - ISHARE MSCI JAPAN
CITIGROUP INC (NYSE:C) - Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, branded cards, and small commercial banking in North America, Asia, Latin America, and Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services, including investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securities and fund services. The Citi Holdings segment has three businesses: Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool. The Brokerage and Asset Management business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, student loans, personal loans, auto loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 140 countries. The company was founded in 1812 and is based in New York, New York.
SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS
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