Humor & Quirks
Market Maker Surveillance Report. XLB, EEM, XOM, WFC, CSCO, EWJ, Bullishly Biased Price Friction For Monday, May 9th 2011
May 9, 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 2600 companies with "abnormal" market making, 3274 companies with positive Friction Factors and 1827 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. MATERIALS SELECT SECTOR SPDR (NYSE:XLB), ISHARES MSCI EMERGING MKT IN (NYSE:EEM), EXXON MOBIL CORP (NYSE:XOM), WELLS FARGO & CO (NYSE:WFC), CISCO SYSTEMS INC (NASDAQ:CSCO), ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ). 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
XLB $0.590 1.50% 2,660,503 19.94% 3,645,915 27.32% -985,412 Abnormal
EEM $0.150 0.31% 10,700,437 22.12% 12,836,184 26.54% -2,135,747 Abnormal
XOM $0.590 0.71% 4,186,766 22.95% 5,217,654 28.60% -1,030,888 Abnormal
WFC $0.030 0.11% 5,998,936 27.88% 7,234,381 33.62% -1,235,445 Abnormal
CSCO $0.050 0.28% 22,613,186 48.17% 24,011,550 51.15% -1,398,364 Abnormal
EWJ $0.010 0.07% 8,028,359 33.81% 9,172,958 38.63% -1,144,599 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Monday and their stock prices rose. 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 XLB with 985,412 greater shares of selling than buying (NetVol) and the stock price was up $0.59000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
MATERIALS SELECT SECTOR SPDR (NYSE:XLB) - MATERIALS SS SPDR
ISHARES MSCI EMERGING MKT IN (NYSE:EEM) - ISHARES MSCI E.M.
EXXON MOBIL CORP (NYSE:XOM) - Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also involves in the manufacture, transportation, and sale of petroleum products. The company manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and other specialty products. Exxon Mobil also has interests in electric power generation facilities. As of December 31, 2009, it operated 16,587 gross and 13,737 net operated wells. The company primarily operates in the United States, Canada, Europe, Africa, the Asia Pacific, the Middle East, Russia/Caspian region, and South America. Exxon Mobil Corporation was founded in 1870 and is based in Irving, Texas.
WELLS FARGO & CO (NYSE:WFC) - Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services principally in the United States. The company operates through three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposit products, including checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards. Its loan products include lines of credit, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. This segment also provides receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing services; consumer and real estate loans to individuals; and loans secured by autos, as well as purchases sales finance contracts from retail merchants. The Wholesale Banking segment provides commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, foreign exchange services, treasury management, 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 mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, lending, fiduciary, and investment management services. Wells Fargo & Company was formerly known as Norwest Corporation and changed its name on November 3, 1998. The company was founded in 1852 and is based in San Francisco, California.
CISCO SYSTEMS INC (NASDAQ:CSCO) - Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. It offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching products, which offer connectivity to end users, workstations, IP phones, access points, and servers; application networking services; and home networking products, such as adapters, gateways, modems, and home network management software products. The company also provides security products comprising span firewall, intrusion prevention, remote access, virtual private network, unified client, Web, and email security products; storage area networking products that deliver connectivity between servers and storage systems; unified communication products to integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media products; and wireless systems. In addition, it offers optical networking products, cable access and flip video products, service provider VoIP services, Cisco TelePresence systems, Cisco Unified Computing Systems, physical security and video surveillances, digital media systems, and building systems. Further, the company provides technical support services; and responsive, preventive, and consultative support services for its technologies. Cisco Systems, Inc. has strategic alliances with Accenture Ltd; AT&T Inc.; Cap Gemini S.A.; EMC Corporation; Fujitsu Limited; Intel Corporation; International Business Machines Corporation; Italtel SpA; Johnson Controls Inc.; Microsoft Corporation; Nokia Corporation; Nokia Siemens Networks; Oracle Corporation; SAP AG; Sprint Nextel Corporation; Tata Consultancy Services Ltd.; VMware, Inc.; BMC Software Inc.; and Wipro Limited. The company was founded in 1984 and is headquartered in San Jose, California.
ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ) - ISHARE MSCI JAPAN
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