Market Maker Surveillance Report. TBT, NWY, Q, ADP, XLV, XLF, Bearishly Biased Price Friction For Wednesday, December 29th 201
December 29, 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 2589 companies with "abnormal" market making, 3136 companies with positive Friction Factors and 2308 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. PROSHARES ULTRASHORT 20+Y TR (NYSE:TBT), NEW YORK & CO (NYSE:NWY), QWEST COMMUNICATIONS INTL (NYSE:Q), AUTOMATIC DATA PROCESSING (NASDAQ:ADP), HEALTH CARE SELECT SECTOR (NYSE:XLV), FINANCIAL SELECT SECTOR SPDR (NYSE:XLF). 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 TBT $-1.270 -3.25% 12,897,088 57.83% 9,353,145 41.94% 3,543,943 Abnormal NWY $-0.100 -2.29% 1,176,121 87.42% 151,924 11.29% 1,024,197 Abnormal Q $-0.020 -0.26% 4,472,151 51.32% 3,382,155 38.81% 1,089,996 Abnormal ADP $-0.060 -0.13% 1,312,700 69.31% 581,317 30.70% 731,383 Abnormal XLV $-0.020 -0.06% 1,369,430 67.20% 668,419 32.80% 701,011 Abnormal XLF $-0.040 -0.26% 20,811,520 69.09% 9,080,672 30.15% 11,730,848 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 XLF with 11,730,848 greater shares of buying than selling (NetVol) and the stock price was down $-0.04000. 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.
PROSHARES ULTRASHORT 20+Y TR (NYSE:TBT) - UltraShort Lehman 20+ Year Treasury ProShares
NEW YORK & CO (NYSE:NWY) - New York & Company, Inc., together with its subsidiaries, operates as a specialty retailer of women's apparel in the United States. It offers casual and wear-to-work apparel and accessories, including pants, jackets, knit tops, blouses, sweaters, denim, t-shirts, activewear, handbags, and jewelry. The company operates under the New York & Company, Lerner, Lerner New York, New York Style, City Stretch, City Style, and NY&C brand names. It primarily serves fashion-conscious and value-sensitive women between the ages of 25 and 45. The company sells its products through its national network of retail stores and E-commerce store at nyandcompany.com. As of March 18, 2010, it operated 576 stores in 43 states. The company was formerly known as NY & Co. Group, Inc. New York & Company, Inc. was founded in 1918 and is headquartered in New York, New York.
QWEST COMMUNICATIONS INTL (NYSE:Q) - Qwest Communications International Inc. provides data, Internet, video, and voice services in the United States and internationally. The company offers its products and services using telecommunications network, which consists of voice and data switches, copper cables, fiber optic broadband cables, and other equipment to mass markets, business, and wholesale customers. It provides various data and Internet services, including private line, multi-protocol label switching, broadband, VoIP, and data integration services, as well as Web hosting and related services comprising provision space, power, bandwidth, and managed services in data centers; and server and application management, back-up, disaster recovery, and Web design services. Its data and Internet services also consist of traditional wide area network products, such as ATM, frame relay, dedicated Internet access, and virtual private network; integrated services digital network; and Internet dial-up access. The companys voice services include local voice services comprising basic local exchange and switching services; local voice exchange services, such as caller ID, call waiting, call return, 3-way calling, call forwarding, and voice mail; long-distance voice services consisting of domestic and international long-distance services, and toll free services; and wireless products and services. Qwest Communications Internationals data, Internet, and video services comprise Internet, Internet-based services, and satellite digital television. It also engages in lease and sublease of real estate properties, such as space in office buildings, warehouses, and other properties. The company sells its products and services through its sales and call centers, Web site, telemarketing, retail stores, and kiosks, as well as relationships and arrangements with third-party sales agents. It has strategic partnerships with DIRECTV and Verizon Wireless. The company was founded in 1983 and is based in Denver, Colorado.
AUTOMATIC DATA PROCESSING (NASDAQ:ADP) - Automatic Data Processing, Inc. provides technology-based outsourcing solutions to employers, and vehicle retailers and manufacturers. It operates in three segments: Employer Services, Professional Employer Organization Services, and Dealer Services. The Employer Services segment offers a range of human resource information, payroll processing, and tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions. Its solutions enable employers to staff, manage, pay, and retain their employees in the United States, Canada, Europe, South America, Australia, and Asia. The Professional Employer Organization Services segment provides employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, 401(k) plan administration, benefits administration, compliance services, health and workers compensation coverage, and other supplemental benefits for employees primarily in the United States. The Dealer Services segment offers integrated dealer management systems (DMS) and other business management solutions to automotive, heavy truck, motorcycle, marine, recreational vehicle, and heavy machinery retailers in North America, Europe, South Africa, and the Asia Pacific region. This segment also provides a suite of additional integrated applications to address department and functional area of the dealership, including customer relationship management applications, front-end sales and marketing/advertising solutions, and an IP Telephony phone system integrated into the DMS to help dealerships drive sales processes and business development initiatives, as well as offers computer hardware, hardware maintenance services, software support, system design, and network consulting services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
HEALTH CARE SELECT SECTOR (NYSE:XLV) - Health Care Select
FINANCIAL SELECT SECTOR SPDR (NYSE:XLF) - FINANCIAL SEL SPD
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