Market Maker Surveillance Report. AGG, XLV, SPY, ANF, WFC, GDX, Bearishly Biased Price Friction For Monday, October 3rd 2016
October 3, 2016 / 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 5744 companies with "abnormal" market making, 2326 companies with positive Friction Factors and 3573 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. iShares Barclays Aggregate Bond (NYSE:AGG), Health Care Select Sector SPDR (NYSE:XLV), SPDR S&P 500 (NYSE:SPY), Abercrombie & Fitch (NYSE:ANF), Wells Fargo & Co. (NYSE:WFC), Market Vectors Gold Miners ETF (NYSE:GDX). 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 AGG $-0.280 -0.00% 7,659,654 81.91% 1,098,628 11.75% 6,561,026 Abnormal XLV $-0.060 -0.00% 4,394,021 47.88% 1,732,835 18.88% 2,661,186 Abnormal SPY $-0.510 -0.00% 26,125,833 31.37% 20,696,624 24.85% 5,429,209 Abnormal ANF $-0.200 -0.01% 8,960,017 67.92% 2,741,735 20.78% 6,218,282 Abnormal WFC $-0.590 -0.01% 14,078,408 36.91% 10,628,649 27.87% 3,449,759 Abnormal GDX $-0.450 -0.02% 23,744,152 40.61% 18,837,012 32.22% 4,907,140 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 AGG with 6,561,026 greater shares of buying than selling (NetVol) and the stock price was down $-0.28000. 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.
iShares Barclays Aggregate Bond (NYSE:AGG) - ISHARES LEH AGG F.
Health Care Select Sector SPDR (NYSE:XLV) - Health Care Select.
SPDR S&P 500 (NYSE:SPY) - S&P DEP RECEIPTS.
Abercrombie & Fitch (NYSE:ANF) - Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel. The company sells knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brand names. As of March 2, 2016, it operated through 754 stores in the United States; and 178 stores in Canada, Europe, Asia, and the Middle East. The company sells its products through its stores and direct-to-consumer sales. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio..
Wells Fargo & Co. (NYSE:WFC) - Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The company s Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of February 25, 2015, it operated through approximately 8,700 locations and 12,500 ATMs & offices in 36 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California..
Market Vectors Gold Miners ETF (NYSE:GDX) - MKT VECTORS GOLD ETF.
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