Market Maker Surveillance Report. XLF, EEM, SPY, SIRI, NSM, MFA, Highest Net Sell Volume and Negative Price Friction For Thurs
April 7, 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 2371 companies with "abnormal" market making, 1964 companies with positive Friction Factors and 3380 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Thursday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. FINANCIAL SELECT SECTOR SPDR (NYSE:XLF), ISHARES MSCI EMERGING MKT IN (NYSE:EEM), SPDR S&P 500 ETF TRUST (NYSE:SPY), SIRIUS XM RADIO INC (NASDAQ:SIRI), NATIONAL SEMICONDUCTOR CORP (NYSE:NSM), MFA FINANCIAL INC (NYSE:MFA). 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 $-0.080 -0.48% 23,556,809 47.60% 26,382,687 53.31% -2,825,878 -353,235 EEM $-0.110 -0.22% 23,123,355 47.39% 26,491,604 54.29% -3,368,249 -306,204 SPY $-0.360 -0.27% 84,130,563 49.22% 86,960,472 50.88% -2,829,909 -78,609 SIRI $-0.080 -4.35% 29,880,643 42.29% 41,843,216 59.21% -11,962,573 -1,495,322 NSM $-0.010 -0.04% 8,529,797 40.24% 11,398,109 53.78% -2,868,312 -2,868,312 MFA $-0.340 -4.16% 3,619,062 33.25% 7,266,410 66.75% -3,647,348 -107,275Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) in their stocks. 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 XLF down $-0.08000 with a Friction Factor of -353,235 and a Net Volume of -2,825,878. That means that it takes 353,235 more shares of selling than buying to drop XLF by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
FINANCIAL SELECT SECTOR SPDR (NYSE:XLF) - FINANCIAL SEL SPD
ISHARES MSCI EMERGING MKT IN (NYSE:EEM) - ISHARES MSCI E.M.
SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS
SIRIUS XM RADIO INC (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; national, international, and financial news channels; and religious channels. As of December 31, 2009, Sirius XM Radio had 18,772,758 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offer graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Web sites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems, and products that provide access to the Internet radio services in the home without the personal computer. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
NATIONAL SEMICONDUCTOR CORP (NYSE:NSM) - National Semiconductor Corporation, a semiconductor company, designs, develops, manufactures, and markets analog and mixed-signal integrated circuits and sub-systems. The companys product portfolio includes power management circuits, audio and operational amplifiers, analog-to-digital or digital-to-analog converters, communication interface circuits, lighting and display circuits, adaptive voltage scaling circuits, and radio frequency integrated circuits, as well as power references, regulators, and switches. It offers PowerWise family of products that enable systems to extend battery life and generate less heat; and SolarMagic technology to increase the effectiveness of solar panels under variable light conditions. The companys products provide solutions for LED lighting, precision data acquisition, high-speed serial communication, and power conversion in personal mobile devices, communications infrastructure, renewable energy, portable medical, and security and surveillance markets. Its products are also used in wireless base stations, network infrastructure, industrial and sensing, automotive, factory and office automation, photovoltaic systems, and wireless handsets and other portable applications. The company was founded in 1959 and is headquartered in Santa Clara, California.
MFA FINANCIAL INC (NYSE:MFA) - MFA Financial, Inc., a real estate investment trust (REIT), primarily invests in mortgage-backed securities (MBS) that include hybrid and adjustable-rate MBS. MFA Financial has elected to be taxed as a REIT and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as MFA Mortgage Investments, Inc. and changed its name to MFA Financial, Inc. in January 2009. MFA Financial was founded in 1997 and is headquartered in New York, New York.
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