Market Maker Surveillance Report. XLF, QQQQ, BAC, RAD, PAL, FBC, Bearishly Biased Price Friction For Thursday, February 17th 2
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 (bearish bias) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. FINANCIAL SELECT SECTOR SPDR (NYSE:XLF), POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ), BANK OF AMERICA CORP (NYSE:BAC), RITE AID CORP (NYSE:RAD), NORTH AMER PALLADIUM LTD (AMEX:PAL), FLAGSTAR BANCORP INC (NYSE:FBC). 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 XLF $-0.020 -0.12% 18,859,836 53.37% 16,753,810 47.41% 2,106,026 Abnormal QQQQ $-0.060 -0.10% 20,031,262 53.62% 17,312,690 46.34% 2,718,572 Abnormal BAC $-0.040 -0.27% 47,850,341 46.87% 44,842,711 43.93% 3,007,630 Abnormal RAD $-0.010 -0.72% 7,326,449 58.68% 5,161,122 41.34% 2,165,327 Abnormal PAL $-0.130 -1.66% 5,300,105 55.99% 3,766,614 39.79% 1,533,491 Abnormal FBC $-0.030 -1.73% 5,939,976 57.07% 3,810,551 36.61% 2,129,425 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday 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 FBC with 2,129,425 greater shares of buying than selling (NetVol) and the stock price was down $-0.03000. 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.
FINANCIAL SELECT SECTOR SPDR (NYSE:XLF) - FINANCIAL SEL SPD
POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ) - NASDAQ 100 TR SER
BANK OF AMERICA CORP (NYSE:BAC) - Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individual consumers, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, casualty, life, disability, and credit insurance. The companys Global Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options; and investment banking services comprising debt and equity underwriting and distribution, and merger-related advisory services. Its Global Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services. The companys Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 6,011 banking centers, 18,262 automated teller machines, telephone, and online and mobile banking channels. The company was founded in 1874 and is based in Charlotte, North Carolina.
RITE AID CORP (NYSE:RAD) - Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The companys drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. The company sells its products under the Rite Aid brand. It offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers or other managed care providers. As of February 27, 2010, the company operated 4,780 retail drugstores in 31 states, as well as in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
NORTH AMER PALLADIUM LTD (AMEX:PAL) - North American Palladium Ltd. engages in exploring and mining platinum group metals, gold, and other base metals in Canada. The company explores primarily for palladium, platinum, gold, silver, nickel, and copper metals. The companys principal properties include the Lac des Iles palladium mine consisting of an open pit mine, an underground mine, and processing facilities located in the Thunder Bay District, Ontario; and Sleeping Giant gold mine located in the Abitibi region in Quebec, Canada. It also owns the Discovery project, Flordin property, and Shebandowan West project. The company was formerly known as Madeleine Mines Ltd. and changed its name to North American Palladium Ltd. in June 1993. North American Palladium Ltd. was founded in 1968 and is headquartered in Toronto, Canada.
FLAGSTAR BANCORP INC (NYSE:FBC) - Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that offers consumer and commercial financial products and services to individuals, and small and middle market businesses in Michigan, Indiana, and Georgia. The company engages in generating deposits and originating loans. Its deposit products include demand deposits, savings and money market accounts, checking deposits, certificates of deposits, municipal deposits, national deposits, and company controlled deposits. The companys loan portfolio comprises single-family mortgage loans, consumer loans, commercial real estate loans, non-real estate commercial loans, and residential mortgage loans for others. It also originates, acquires, sells, and services one-to-four family residential mortgage loans. The company, through its subsidiaries, acts as an agent for life insurance, health and casualty insurance, and reinsurance companies; and provides online paperless office solutions for mortgage originators. It also engages in holding investment loans, purchasing securities, selling and securitizing mortgage loans, maintaining and selling mortgage servicing rights, developing new loan products, establishing pricing for mortgage loans to be acquired, providing for lock-in support, and managing interest rate risk associated with these activities. As of December 31, 2009, the company operated 165 banking centers. Flagstar Bancorp was founded in 1987 and is headquartered in Troy, Michigan.
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