Market Maker Surveillance Report. EEM, XLK, THC, WFC, CIM, DHR, Bullishly Biased Price Friction For Friday, February 11th 2011
February 11, 2011 / 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 2503 companies with "abnormal" market making, 3496 companies with positive Friction Factors and 1784 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 EMERGING MKT IN (NYSE:EEM), TECHNOLOGY SELECT SECT SPDR (NYSE:XLK), TENET HEALTHCARE CORP (NYSE:THC), WELLS FARGO & CO (NYSE:WFC), CHIMERA INVESTMENT CORP (NYSE:CIM), DANAHER CORP (NYSE:DHR). 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 EEM $0.600 1.33% 63,588,742 51.07% 67,504,372 54.22% -3,915,630 Abnormal XLK $0.160 0.60% 4,737,692 37.18% 8,267,236 64.87% -3,529,544 Abnormal THC $0.040 0.57% 1,991,834 32.74% 3,561,778 58.54% -1,569,944 Abnormal WFC $0.760 2.30% 16,953,354 41.82% 19,186,168 47.33% -2,232,814 Abnormal CIM $0.010 0.17% 8,128,854 43.77% 9,567,013 51.51% -1,438,159 Abnormal DHR $0.570 1.12% 1,766,062 24.31% 4,963,184 68.31% -3,197,122 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Friday 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 DHR with 3,197,122 greater shares of selling than buying (NetVol) and the stock price was up $0.57000. 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 EMERGING MKT IN (NYSE:EEM) - ISHARES MSCI E.M.
TECHNOLOGY SELECT SECT SPDR (NYSE:XLK) - S&P TECHNOLOGY FUND
TENET HEALTHCARE CORP (NYSE:THC) - Tenet Healthcare Corporation, an investor-owned health care services company, operates general hospitals and related health care facilities. The companys general hospitals offer acute care services, radiology services, and respiratory therapy services, as well as operate operating and recovery rooms, and clinical laboratories and pharmacies. It also provides intensive care, critical care and/or coronary care units, and physical therapy; orthopedic, oncology, and outpatient services; tertiary care services, such as open-heart surgery, neonatal intensive care, and neuroscience; quaternary care in areas, including heart, lung, liver, and kidney transplants; gamma-knife brain surgery; cyberknife surgery for tumors and lesions in the brain, lung, neck, and spine; and bone marrow transplants. As of December 31, 2008, Tenet Healthcare Corporation operated 53 general hospitals; and a critical access hospital with a combined total of 14,352 licensed beds serving urban and rural communities. The company also operated various related health care facilities, including a rehabilitation hospital; a long-term acute care hospital; a skilled nursing facility; various medical office buildings; and physician practices, captive insurance companies, and other ancillary health care businesses, such as outpatient surgery centers, diagnostic imaging centers, and occupational and rural health care clinics, as well as owned interests in two health maintenance organizations. It has a joint venture agreement with MED3000 Inc. to provide services to physician practices. The company was founded in 1967 and is headquartered in Dallas, Texas with additional offices in Santa Ana, California; Coral Springs, Florida; and Philadelphia, Pennsylvania.
WELLS FARGO & CO (NYSE:WFC) - Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services principally in the United States. The company operates through three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposit products, including checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards. Its loan products include lines of credit, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. This segment also provides receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing services; consumer and real estate loans to individuals; and loans secured by autos, as well as purchases sales finance contracts from retail merchants. The Wholesale Banking segment provides commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, foreign exchange services, treasury management, investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market, and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, lending, fiduciary, and investment management services. As of December 31, 2009, Wells Fargo & Company provided its services through approximately 10,000 banking stores located in 39 states and the District of Columbia. The company was founded in 1929 and is headquartered in San Francisco, California.
CHIMERA INVESTMENT CORP (NYSE:CIM) - Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States. It invests in agency and non-agency RMBS; whole mortgage loans comprising prime, jumbo prime, and Alt-A mortgage loans; and ABS, including debt and equity tranches of CDOs, consumer and non-consumer ABS, and commercial mortgage backed securities. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Investment Corporation was incorporated in 2007 and is based in New York, New York.
DANAHER CORP (NYSE:DHR) - Danaher Corporation, together with its subsidiaries, designs, manufactures, and markets professional, medical, industrial, commercial, and consumer products in the United States and internationally. It operates in four segments: Professional Instrumentation, Medical Technologies, Industrial Technologies, and Tools and Components. The Professional Instrumentation segment offers analytical instruments and related consumables that detect and measure chemical, physical, and microbiological parameters in drinking water, wastewater, groundwater, ocean bodies, and ultrapure water; ultraviolet disinfection systems; and chemical treatment solutions and analytical services to address corrosion, scaling, and biological growth problems in boiler, cooling water, and industrial waste water applications. It also provides environmental monitoring and leak detection systems; vapor recovery equipment; fuel dispensers; point-of-sale and merchandising systems; submersible turbine pumps; and remote monitoring and outsourced fuel management services. The Medical Technologies segment manufactures dental products, acute care, pathology diagnostics, and life sciences instrumentation for research and clinical medical professionals. The Industrial Technologies segment produces product identification equipment and consumables; precision motion control equipment; monitoring, sensing, and control devices that monitor, sense, and control discrete manufacturing variables, such as temperature, position, quantity, level, flow, and time; and aerospace safety devices and defense articles. The Tools and Components segment produces mechanics hand tools, including ratchets, sockets, and wrenches, as well as specialized automotive service tools for the professional and do-it-yourself markets. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher was founded in 1969 and is headquartered in Washington, District of Columbia.
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