Market Maker Surveillance Report. BAC, WFC, JPM, LIZ, SEAOF, QQQ, Bearishly Biased Price Friction For Friday, August 5th 2011
August 5, 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 4480 companies with "abnormal" market making, 1886 companies with positive Friction Factors and 5065 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. BANK OF AMERICA CORPORATION (NYSE:BAC), WELLS FARGO & CO (NYSE:WFC), JPMORGAN CHASE & CO (NYSE:JPM), LIZ CLAIBORNE INC (NYSE:LIZ), SEAMICO SECURITIES P (OTC:SEAOF), (NASDAQ:QQQ). 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 BAC $-0.680 -7.70% 168,680,231 30.95% 160,188,355 29.39% 8,491,876 Abnormal WFC $-0.620 -2.41% 16,199,079 27.73% 13,855,751 23.72% 2,343,328 Abnormal JPM $-0.350 -0.92% 23,487,034 27.51% 21,129,965 24.75% 2,357,069 Abnormal LIZ $-0.030 -0.52% 4,890,029 68.37% 1,062,898 14.86% 3,827,131 Abnormal SEAOF $-0.010 -1.54% 3,472,152 100.08% 971,863 28.01% 2,500,289 Abnormal QQQ $-0.570 -1.05% 107,875,291 50.46% 97,369,337 45.54% 10,505,954 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday 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 BAC with 8,491,876 greater shares of buying than selling (NetVol) and the stock price was down $-0.68000. 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.
BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, 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 fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, reverse mortgages, home equity lines of credit, and home equity loans, as well as property, casualty, life, disability, and credit insurance. The companys Global Commercial Banking segment provides commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers advisory services, team-based investment advice and guidance, brokerage services, and wealth management solutions, as well as retirement services. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. The company was founded in 1874 and is based in Charlotte, North Carolina.
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.
JPMORGAN CHASE & CO (NYSE:JPM) - JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. Its Investment Bank segment provides various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, prime brokerage, and research services serving corporations, financial institutions, governments, and institutional investors. The companys Commercial Banking segment provides lending, treasury, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities. Its Treasury & Securities Services segment offers cash management, trade, wholesale card, and liquidity products and services to small and mid-sized companies, multinational corporations, financial institutions, and government entities. It also holds, values, clears, and services securities, cash, and alternative investments for investors and broker-dealers, and manages depositary receipt programs worldwide. JPMorgans Asset Management segment provides investment and wealth management to institutions, retail investors, and high-net-worth individuals. This segment offers investment management in equities, fixed income, real estate, hedge funds, private equity, and liquidity products, as well as trust and estate, banking and brokerage services, and retirement services. Its Retail Financial Services segment offers retail banking and consumer lending services that include checking and savings accounts, mortgages, home equity and business loans, and investments through ATMs, online banking, and telephone banking, as well as auto dealerships and school financial-aid offices. The companys Card Services segment issues credit cards and processes various credit card payments. JPMorgan Chase & Co. was founded in 1823 and is headquartered in New York, New York.
LIZ CLAIBORNE INC (NYSE:LIZ) - Liz Claiborne, Inc. engages in the design and marketing of a range of apparel and accessories. It offers mens, womens, and childrens contemporary apparel, denim and casual sportswear, fashion apparel, career and casual sportswear, intimate apparel, activewear, footwear, and jeanswear. The company also provides various wholesale non-apparel products, including accessories, jewelry, and handbags. It offers its products to department store chains and specialty retail store customers under the JUICY COUTURE, KATE SPADE, LUCKY BRAND, and MEXX; AXCESS, CLAIBORNE, CONCEPTS BY CLAIBORNE, LIZ & CO, LIZ CLAIBORNE, CLAIBORNE, LIZ CLAIBORNE NEW YORK, MARVELLA, MONET, TRIFARI, DANA BUCHMAN, MAC & JAC, KENSIE, DKNY ACTIVE, and DKNY JEANS brand names. As of January 1, 2011, the company operated a total of 291 specialty retail stores and 117 outlet stores in the United States; and 191 specialty retail stores and 96 outlet stores primarily in western Europe and Canada. It also engages in e-commerce and licensing operations relating to its various retail brands. The company was founded in 1976 and is based in New York.
SEAMICO SECURITIES P (OTC:SEAOF) - SEAMICO SECURITIES P
(NASDAQ:QQQ) -
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