Market Maker Surveillance Report. XLU, SPY, PBCT, HCBK, EWJ, LLY, Bearishly Biased Price Friction For Monday, March 14th 2011
March 14, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 2544 companies with "abnormal" market making, 1715 companies with positive Friction Factors and 3750 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. UTILITIES SELECT SECTOR SPDR (NYSE:XLU), SPDR S&P 500 ETF TRUST (NYSE:SPY), PEOPLE'S UNITED FINANCIAL (NASDAQ:PBCT), HUDSON CITY BANCORP INC (NASDAQ:HCBK), ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ), ELI LILLY & CO (NYSE:LLY). 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 XLU $-0.500 -1.54% 11,224,850 59.27% 7,862,202 41.52% 3,362,648 Abnormal SPY $-0.790 -0.60% 116,105,048 49.45% 113,383,467 48.29% 2,721,581 Abnormal PBCT $-0.120 -0.96% 5,926,013 78.75% 1,598,319 21.24% 4,327,694 Abnormal HCBK $-0.080 -0.81% 7,038,030 80.31% 1,725,997 19.69% 5,312,033 Abnormal EWJ $-0.760 -7.03% 119,095,319 58.83% 89,062,340 43.99% 30,032,979 Abnormal LLY $-0.130 -0.37% 5,297,805 64.12% 2,467,134 29.86% 2,830,671 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Monday 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 XLU with 3,362,648 greater shares of buying than selling (NetVol) and the stock price was down $-0.50000. 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.
UTILITIES SELECT SECTOR SPDR (NYSE:XLU) - UTILITIES SEL SPD
SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS
PEOPLE'S UNITED FINANCIAL (NASDAQ:PBCT) - Peoples United Financial, Inc. operates as the bank holding company for Peoples United Bank that provides commercial banking, retail and small business banking, and wealth management services to individual, corporate, and municipal customers. The company operates in three segments: Commercial Banking, Retail Banking and Small Business, and Wealth Management. The Commercial Banking segment provides commercial lending, commercial real estate lending, indirect auto lending, and commercial deposit products and services, as well as equipment financing, cash management, correspondent banking, and municipal banking services. The Retail Banking and Small Business segment offers consumer and small business deposit products; consumer lending products, including residential mortgage and home equity; and small business lending and merchant services. The Wealth Management segment provides trust, corporate trust, brokerage, financial advisory, investment management, life insurance, and other insurance services, as well as involves in private banking activities. In addition, the company offers online banking and investment trading, and telephone banking services. As of December 31, 2009, it operated a network of 300 branches, including 81 full-service supermarket branches, 39 investment and brokerage offices, 16 commercial banking offices, and 10 Peoples Capital and Leasing Corp offices; and approximately 400 automated teller machines in Connecticut, Vermont, New Hampshire, Maine, Massachusetts, and New York. The company was founded in 1842 and is headquartered in Bridgeport, Connecticut.
HUDSON CITY BANCORP INC (NASDAQ:HCBK) - Hudson City Bancorp, Inc. operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services. It offers a range of deposit accounts, including passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The companys loan portfolio primarily comprises one-to four-family first mortgage loans for residential properties; multi-family and commercial mortgage loans; construction loans; and consumer loans, such as fixed-rate second mortgage loans and home equity credit line loans, as well as collateralized passbook loans, overdraft protection loans, automobile loans, and secured and unsecured commercial lines of credit. As of December 31, 2009, it operated 95 branches located in 17 counties throughout the State of New Jersey; 10 branch offices in Westchester County, 9 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties, and 6 branch offices in Richmond County; and 9 branch offices in Fairfield County, Connecticut. The company was founded in 1868 and is based in Paramus, New Jersey.
ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ) - ISHARE MSCI JAPAN
ELI LILLY & CO (NYSE:LLY) - Eli Lilly and Company develops, manufactures, and sells pharmaceutical products worldwide. It offers neuroscience products to treat schizophrenia, manic episodes, and bipolar maintenance; depression and diabetic peripheral neuropathic pain; attention-deficit hyperactivity disorder in children, adolescents, and adults; depression, bulimia nervosa, and obsessive-compulsive disorders; and bipolar depression and treatment-resistant depression. The companys endocrinology products are used for diabetes; type 2 diabetes; osteoporosis in postmenopausal women; osteoporosis in postmenopausal women and men at high risk for fracture; and human growth hormone deficiency and pediatric growth conditions. It also provides oncology products to treat malignant pleural mesothelioma; pancreatic, metastatic breast, non-small cell lung, ovarian, and bladder cancers; and colorectal cancers, as well as offers cardiovascular products for treating erectile dysfunction, for the reduction of thrombotic cardiovascular events in patients with acute coronary syndrome, as an adjunct to percutaneous coronary intervention, and for the treatment of adults with severe sepsis at high risk of death. In addition, the company offers animal health products, such as cattle feed additives; antibiotics used to treat respiratory diseases and other diseases in cattle, swine, and poultry; leanness and performance enhancers for swine and cattle; protein supplements to improve milk productivity in dairy cows; anticoccidial agents for use in poultry; antibiotics used to control enteric infections in calves and swine; parasiticides for use on cattle and premises; and products that prevents flea infestations on dogs, as well as other pharmaceutical products to treat staphylococcal infections and bacterial infections. Eli Lilly distributes its products principally through independent wholesale distributors, as well as directly to pharmacies. The company was founded in 1876 and is based in Indianapolis, Indiana.
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