Market Maker Surveillance Report. EFA, PBR, SPY, EEM, IWM, QQQQ, Bullishly Biased Price Friction For Tuesday, December 14th 20
December 14, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 2560 companies with "abnormal" market making, 2329 companies with positive Friction Factors and 2861 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. ISHARES MSCI EAFE INDEX FUND (NYSE:EFA), PETROLEO BRASILEIRO S.A.-ADR (NYSE:PBR), SPDR S&P 500 ETF TRUST (NYSE:SPY), ISHARES MSCI EMERGING MKT IN (NYSE:EEM), ISHARES RUSSELL 2000 (NYSE:IWM), POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ). 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 EFA $0.130 0.22% 7,095,535 43.45% 9,221,536 56.47% -2,126,001 Abnormal PBR $0.140 0.41% 7,103,628 37.38% 10,054,917 52.91% -2,951,289 Abnormal SPY $0.130 0.10% 66,070,266 45.70% 71,652,508 49.56% -5,582,242 Abnormal EEM $0.090 0.19% 21,323,882 39.09% 27,219,320 49.90% -5,895,438 Abnormal IWM $0.090 0.12% 18,394,984 39.18% 23,008,877 49.01% -4,613,893 Abnormal QQQQ $0.200 0.37% 26,305,754 39.46% 36,354,961 54.53% -10,049,207 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Tuesday and their stock prices rose. 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 QQQQ with 10,049,207 greater shares of selling than buying (NetVol) and the stock price was up $0.20000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
ISHARES MSCI EAFE INDEX FUND (NYSE:EFA) - ISHARES TRUST MSCI
PETROLEO BRASILEIRO S.A.-ADR (NYSE:PBR) - Petrleo Brasileiro S.A. engages in exploring, exploiting, and producing oil from reservoir wells, shale, and other rocks; refining, processing, transporting, and trading oil and oil products, natural gas, and other fluid hydrocarbons; and other energy related activities. It operates in five segments: Exploration and Production; Refining, Transportation, and Marketing; Distribution; Gas and Power; and International. The Exploration and Production segment engages in the exploration, development, and production of oil, liquefied natural gas, and natural gas in Brazil. It supplies its products to the refineries in Brazil, as well as sells surplus Brazilian production in domestic and foreign markets. This segment also involves in oil trading activities and transfers natural gas to the companys Gas and Power segment. The Refining, Transportation, and Marketing segment involves in the purchase, refining, logistics, exportation, and transportation of crude oil, as well as in the purchase and commercialization activities for oil, oil products, and fuel alcohol. It also holds interests in petrochemical companies and fertilizer plants. The Distribution segment engages in the distribution of oil products and fuel alcohol in Brazil. The Gas and Power segment encompasses the purchase, sale, transportation, and distribution of natural gas produced in or imported into Brazil. This segment also engages in the production of electricity; and invests in the domestic natural gas transportation companies, state owned natural gas distributors, and thermoelectric companies. The International segment includes the exploration and production, refining, transportation, marketing, distribution, and gas and power activities in 21 countries outside Brazil. The company has a strategic partnership with Tereos Participacoes Ltda to acquire a 45.7% stake in Acucar Guarani S.A., a sugarcane processor in Brazil. Petrleo Brasileiro was founded in 1953 and is based in Rio de Janeiro, Brazil.
SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS
ISHARES MSCI EMERGING MKT IN (NYSE:EEM) - ISHARES MSCI E.M.
ISHARES RUSSELL 2000 (NYSE:IWM) - ISHARE RUS 2000 I
POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ) - NASDAQ 100 TR SER
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