Market Maker Surveillance Report. XRT, XRX, INTC, BSX, SMH, FXI, Bearishly Biased Price Friction For Wednesday, December 22nd
December 22, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 2666 companies with "abnormal" market making, 2936 companies with positive Friction Factors and 2462 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bearish bias) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. SPDR S&P RETAIL ETF (NYSE:XRT), XEROX CORP (NYSE:XRX), INTEL CORP (NASDAQ:INTC), BOSTON SCIENTIFIC CORP (NYSE:BSX), SEMICONDUCTOR HOLDRS TRUST (NYSE:SMH), ISHARES FTSE/XINHUA CHINA 25 (NYSE:FXI). 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 XRT $-0.010 -0.02% 3,470,715 66.46% 2,288,480 43.82% 1,182,235 Abnormal XRX $-0.100 -0.84% 5,054,527 55.27% 3,569,462 39.03% 1,485,065 Abnormal INTC $-0.210 -1.00% 26,452,320 53.78% 22,657,590 46.07% 3,794,730 Abnormal BSX $-0.140 -1.78% 10,962,386 48.17% 9,851,315 43.29% 1,111,071 Abnormal SMH $-0.140 -0.43% 3,066,990 61.32% 1,891,400 37.82% 1,175,590 Abnormal FXI $-0.110 -0.25% 8,529,527 71.45% 5,548,161 46.48% 2,981,366 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Wednesday and their stock prices dropped. 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 FXI with 2,981,366 greater shares of buying than selling (NetVol) and the stock price was down $-0.11000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
SPDR S&P RETAIL ETF (NYSE:XRT) - SPDR RETAIL ETF
XEROX CORP (NYSE:XRX) - Xerox Corporation engages in the production and sale of document systems and services for businesses. It offers a range of color, and black-and-white multifunction devices; and printers, copier fax products, and document related software solutions. The company also provides business process and information technology outsourcing services comprising claims reimbursement and electronic toll transactions to customer call centers and HR benefits management, as well as supports and supplies toner, paper, and ink products. Xerox Corporation sells its products and solutions directly to customers through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. It also markets its Phaser line of color and monochrome laser-class, and solid ink printers primarily through office information technology resellers. The company was founded in 1906 and is based in Norwalk, Connecticut.
INTEL CORP (NASDAQ:INTC) - Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. It also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and products designed for desktop, server, and workstation platforms; and wired and wireless connectivity products, including network adapters and embedded wireless cards used to translate and transmit data across networks. In addition, Intel offers NAND flash memory products primarily used in portable memory storage devices, digital camera memory cards, and solid-state drives; network processors used in networking equipment to manage and direct data moving across networks and the Internet; software products, including operating systems, middleware, and tools used to develop, run, and manage various enterprise, consumer, embedded, and handheld devices, as well as software development tools that enable the creation of applications; and healthcare products designed to connect people and information to improve patient care and safety. Further, it offers platforms that include a microprocessor, chipset, and enabling software. Intel sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. The company was founded in 1968 and is based in Santa Clara, California.
BOSTON SCIENTIFIC CORP (NYSE:BSX) - Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. It offers cardiac rhythm management products, which monitor the heart and deliver electricity to treat cardiac abnormalities; and RF generators, intracardiac ultrasound and steerable ablation catheters, and diagnostic catheters for the diagnosis and treatment of cardiac arrhythmias. The company also provides interventional cardiology products, such as coronary stent systems, coronary revascularization products to treat patients with atherosclerosis and intraluminal catheter-directed ultrasound imaging catheters and systems; vascular access products, balloon catheters, stents and peripheral vascular catheters, wires, and accessories, as well as products for peripheral embolization procedures; and biliary stents, drainage catheters, and micro-puncture sets to treat, diagnose, and ease various forms of benign and malignant tumors. In addition, it offers coated and uncoated detachable coils, micro-delivery stents, micro-guidewires, micro-catheters, guiding catheters, and embolics to neuro-interventional radiologists and neurosurgeons to treat diseases of the neurovascular system; and endoscopy and interventional bronchoscopy products to diagnose and treat various digestive diseases, as well as pulmonary disease systems within the airway and lungs. Further, the company provides urology/womens health products to treat patients with urinary stone disease, benign prostatic hyperplasia, stress urinary incontinence, pelvic organ prolapse, and excessive uterine bleeding; and spinal cord stimulation system for the management of chronic intractable pain of the trunk and/or limbs. Boston Scientific Corporation markets its products through direct sales force, and a network of distributors and dealers. The company was founded in 1979 and is headquartered in Natick, Massachusetts with additional offices in Tokyo, Japan and Paris, France.
SEMICONDUCTOR HOLDRS TRUST (NYSE:SMH) - Semicndctr Hldrs
ISHARES FTSE/XINHUA CHINA 25 (NYSE:FXI) - ISHARES TR FTSE I
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