Market Maker Surveillance Report. XLF, XLV, XLK, BPOP, WFC, XLI, Highest Net Sell Volume and Negative Price Friction For Frida
May 20, 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 2588 companies with "abnormal" market making, 1670 companies with positive Friction Factors and 3274 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Friday 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), HEALTH CARE SELECT SECTOR (NYSE:XLV), TECHNOLOGY SELECT SECT SPDR (NYSE:XLK), POPULAR INC (NASDAQ:BPOP), WELLS FARGO & CO (NYSE:WFC), INDUSTRIAL SELECT SECT SPDR (NYSE:XLI). 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 $-0.250 -1.57% 16,440,393 22.34% 20,259,539 27.53% -3,819,146 -152,766 XLV $-0.300 -0.83% 1,963,676 15.94% 5,593,964 45.40% -3,630,288 -121,010 XLK $-0.210 -0.80% 2,503,121 16.12% 7,235,391 46.59% -4,732,270 -225,346 BPOP $-0.120 -3.96% 15,636,463 43.11% 20,622,676 56.85% -4,986,213 -415,518 WFC $-0.610 -2.13% 6,407,145 22.37% 9,499,297 33.16% -3,092,152 -50,691 XLI $-0.440 -1.16% 2,915,560 16.04% 6,494,997 35.74% -3,579,437 -81,351Analysis 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 $-0.25000 with a Friction Factor of -152,766 and a Net Volume of -3,819,146. That means that it takes 152,766 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
HEALTH CARE SELECT SECTOR (NYSE:XLV) - Health Care Select
TECHNOLOGY SELECT SECT SPDR (NYSE:XLK) - S&P TECHNOLOGY FUND
POPULAR INC (NASDAQ:BPOP) - Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services in Puerto Rico, the United States, Venezuela, the Dominican Republic, El Salvador, and Costa Rica. It also provides vehicle financing, leasing, and daily rental services; mortgage loans; and insurance agency and brokerage, and reinsurance services, as well as offers financial advisory, investment, and security brokerage services for institutional and retail customers. As of December 31, 2008, the company operated 173 branches and approximately 580 automated teller machines in Puerto Rico, 7 branches in the U.S. Virgin Islands, 1 branch in the British Virgin Islands, and 1 branch in New York. In addition, it provides financial transaction processing and information technology solutions and services in the United States, the Caribbean, and Latin America. Further, the company develops financial processing software applications; sells hardware products, such as ATM, POS, and communication products; and provides ATM switching and driving services. Popular was founded in 1917 and is headquartered in Hato Rey, Puerto Rico.
WELLS FARGO & CO (NYSE:WFC) - Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposits, including checking, market rate, and individual retirement accounts; savings and time deposits; and debit cards. Its loan products comprise lines of credit, auto floor plans, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, health savings accounts, and credit cards. This segment also provides equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, loans secured by autos, and merchant payment processing services; purchases sales finance contracts from retail merchants; and a family of funds, and investment management services. The Wholesale Banking segment offers commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury and 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 real estate and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, brokerage, and institutional retirement and trust services. As of December 31, 2010, the company served its customers through approximately 9,000 banking stores in 39 States and the District of Columbia. Wells Fargo & Company was founded in 1929 and is headquartered in San Francisco, California.
INDUSTRIAL SELECT SECT SPDR (NYSE:XLI) - INDUSTRIAL SPDR
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