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Market Maker Surveillance Report. LVLT, XLU, XLV, XLK, SPY, QCOR, Bullishly Biased Price Friction For Thursday, February 17th

^{Published on 2011-02-17 17:50:55 - WOPRAI}
 

February 17, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. 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 Thursday there were 2663 companies with "abnormal" market making, 3182 companies with positive Friction Factors and 2100 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. LEVEL 3 COMMUNICATIONS INC (NASDAQ:LVLT), UTILITIES SELECT SECTOR SPDR (NYSE:XLU), HEALTH CARE SELECT SECTOR (NYSE:XLV), TECHNOLOGY SELECT SECT SPDR (NYSE:XLK), SPDR S&P 500 ETF TRUST (NYSE:SPY), QUESTCOR PHARMACEUTICALS (NASDAQ:QCOR). 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
     LVLT       $0.010       0.74%        15,215,532      45.51%       18,164,331      54.33%       -2,948,799      Abnormal
     XLU        $0.050       0.16%        2,780,765       34.05%       5,434,551       66.54%       -2,653,786      Abnormal
     XLV        $0.130       0.41%        2,950,668       34.18%       5,858,074       67.86%       -2,907,406      Abnormal
     XLK        $0.010       0.06%        2,755,686       41.50%       5,067,058       76.30%       -2,311,372      Abnormal
     SPY        $0.380       0.28%        50,892,397      46.99%       59,042,113      54.52%       -8,149,716      Abnormal
     QCOR       $0.080       0.56%        1,949,974       23.43%       6,336,800       76.13%       -4,386,826      Abnormal

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Thursday 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 QCOR with 4,386,826 greater shares of selling than buying (NetVol) and the stock price was up $0.08000. 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.

LEVEL 3 COMMUNICATIONS INC (NASDAQ:LVLT) - Level 3 Communications, Inc. engages in the communications business in North America and Europe. It offers network and Internet services, including transport services, high speed Internet protocol services, dedicated Internet access, virtual private network services, and dark fiber services, as well as managed modem, an outsourced, turn-key infrastructure solution; and colocation services. The company also provides various media services, comprising Vyvx services that provide audio and video feeds over fiber or satellite; content delivery network services; media delivery services to customers seeking to manage, protect, and monetize content delivered over the Internet; a range of local and long distance voice services, such as voice over Internet protocol (VoIP) and traditional circuit-switch based services; and VoIP Enhanced Local, a VoIP service that enables broadband cable operators, IXCs, VoIP providers, and other companies operating their own switching infrastructure to launch IP-based local and long-distance voice services through a broadband connection. Level 3 Communications media services also consist of SIP Trunking, a VoIP-based local phone service; Local Inbound service that terminates traditional telephone network originated calls to Internet Protocol termination points; Primary Rate Interface, a TDM local phone service that could be configured in various ways; Long Distance services portfolio comprising local and long distance transport and termination services; and Toll Free services portfolio, which terminate toll free calls that are originated on the traditional telephone network. As of December 31, 2009, its network encompassed approximately 67,000 intercity route miles in North America and an intercity network covering approximately 12,000 miles across Europe. Further, it sells coal primarily through long-term contracts with public utilities. The company was founded in 1884 and is headquartered in Broomfield, Colorado.

UTILITIES SELECT SECTOR SPDR (NYSE:XLU) - UTILITIES SEL SPD

HEALTH CARE SELECT SECTOR (NYSE:XLV) - Health Care Select

TECHNOLOGY SELECT SECT SPDR (NYSE:XLK) - S&P TECHNOLOGY FUND

SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS

QUESTCOR PHARMACEUTICALS (NASDAQ:QCOR) - Questcor Pharmaceuticals, Inc., a pharmaceutical company, provides prescription drugs for central nervous system and inflammatory disorders. Its primary drug is H.P. Acthar Gel (repository corticotropin injection), an injectable drug that is approved for the treatment of certain disorders with an inflammatory component, including the treatment of exacerbations associated with multiple sclerosis, infantile spasms, opsoclonus myoclonus syndrome, and nephrotic syndrome. The company also markets Doral (quazepam), which is indicated for the treatment of insomnia characterized by difficulty in falling asleep, frequent nocturnal awakenings, and/or early morning awakenings. Questcor Pharmaceuticals, Inc. was founded in 1990 and is headquartered in Union City, California.

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REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

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Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

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