Market Maker Surveillance Report. CSCO, DELL, JNY, XLV, IWM, QQQQ, Bearishly Biased Price Friction For Friday, December 31st 2
December 31, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 2525 companies with "abnormal" market making, 2838 companies with positive Friction Factors and 2875 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. CISCO SYSTEMS INC (NASDAQ:CSCO), DELL INC (NASDAQ:DELL), JONES APPAREL GROUP INC (NYSE:JNY), HEALTH CARE SELECT SECTOR (NYSE:XLV), 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 CSCO $-0.010 -0.05% 16,869,000 56.52% 12,924,401 43.31% 3,944,599 Abnormal DELL $-0.110 -0.81% 4,691,931 58.15% 3,369,434 41.76% 1,322,497 Abnormal JNY $-0.140 -0.89% 1,031,803 78.32% 261,092 19.82% 770,711 Abnormal XLV $-0.010 -0.03% 2,496,463 63.46% 1,488,903 37.85% 1,007,560 Abnormal IWM $-0.420 -0.53% 16,442,491 52.02% 15,009,033 47.48% 1,433,458 Abnormal QQQQ $-0.190 -0.35% 18,792,461 49.49% 17,778,435 46.82% 1,014,026 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday 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 QQQQ with 1,014,026 greater shares of buying than selling (NetVol) and the stock price was down $-0.19000. 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.
CISCO SYSTEMS INC (NASDAQ:CSCO) - Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products to the communications and IT industry worldwide. The company offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching systems, which provide connectivity to end users, workstations, IP phones, access points, and servers; application networking services; home networking products, such as voice and data modems, routers and gateways, Internet video cameras, home entertainment storage, wireless home audio, and home network management software; and network and content security, email, and Web security products. It also provides storage area networking products that deliver connectivity between servers and storage systems; unified communication products to integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media products; and wireless systems. In addition, the company offers optical networking products, cable access, and service provider VoIP services; and Cisco TelePresence systems and exchange services, physical security and video surveillance, digital media systems, and building systems to manage energy efficiency. It serves enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences through systems integrators, service providers, resellers, distributors, and retail partners. Cisco Systems has strategic alliances with Accenture Ltd; AT&T Inc.; Cap Gemini S.A.; EMC Corporation; Fujitsu Limited; Intel Corporation; International Business Machines Corporation; Italtel SpA; Johnson Controls Inc.; Microsoft Corporation; Nokia; Nokia Siemens Networks; Oracle Corporation; SAP AG; Sprint Nextel Corporation; Tata Consultancy Services Ltd.; VMware, Inc.; and Wipro Limited. The company was founded in 1984 and is headquartered in San Jose, California.
DELL INC (NASDAQ:DELL) - Dell Inc. designs, develops, manufactures, markets, sells, and supports computer systems, as well as provides related services worldwide. It offers desktop PCs; notebook computers, mobile workstations, and smartphones; servers and networking products; storage solutions, including storage area networks, network-attached storage, direct-attached storage, disk and tape backup systems, and removable disk backup; and printers and displays. The company also provides third-party software products, such as operating systems, business and office applications, anti-virus and related security software, and entertainment software; and peripheral products, such as printers, televisions, notebook accessories, mice, keyboards, networking and wireless products, digital cameras, power adapters, and scanners. In addition, it offers infrastructure technology services, as well as customer deployment, asset recovery, and recycling services; IT consulting, strategy and enterprise consulting, implementation for prepackaged software applications, and research services; applications development and maintenance services; and business process services, such as claims processing, product engineering, payment and settlement management, life insurance policy administration, receivables collection, and call center management. Further, the company provides financial services, including originating, collecting, and servicing customer receivables related to the purchase of its products; and financing alternatives and asset management services. It serves corporate businesses; government, education, and healthcare organizations; law enforcement agencies; and small and medium-sized businesses, individual customers, and retailers. The company sells its products and services through its sales representatives, telephone-based sales, and online at dell.com, as well as through indirect sales channels. Dell Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
JONES APPAREL GROUP INC (NYSE:JNY) - Jones Apparel Group, Inc. engages in the design, marketing, and wholesale of apparel, footwear, and accessories in the United States and Canada. Its products include skirts, blouses, pants, jackets, sweaters, jeanswear, suits, dresses, casual tops, outerwear, shorts, and vests for womens, juniors, and girls market. The company also sells footwear, handbags, and small leather goods, as well as costume, semiprecious, sterling silver, and marcasite jewelry. It markets its products under various brands, including Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon, and Le Suit. The company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation, and footwear under the Dockers and Dockers brand licensed from Levi Strauss & Co. In addition, Jones Apparel Group licenses its brand names to manufacturers and distributors of womens and mens apparel and accessories products. The company sells its products through specialty and department stores, and mass merchandisers, as well as through company-owned network of retail and factory outlet stores, and e-commerce Websites. As of December 31, 2009, it operated 321 specialty retail and 617 outlet stores. The company was founded in 1975 and is based in New York, New York.
HEALTH CARE SELECT SECTOR (NYSE:XLV) - Health Care Select
ISHARES RUSSELL 2000 (NYSE:IWM) - ISHARE RUS 2000 I
POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ) - NASDAQ 100 TR SER
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